Synthetic Diamonds Market by Type and Geography - Forecast and Analysis 2022-2026

Published: Sep 2020 Pages: 120 SKU: IRTNTR45282

The synthetic diamonds market share is expected to increase by USD 9.80 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8%.

This synthetic diamonds market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers synthetic diamonds market segmentation by type (rough synthetic diamonds and polished synthetic diamonds) and geography (APAC, North America, Europe, MEA, and South America). The synthetic diamonds market report also offers information on several market vendors, including Applied Diamond Inc., Crystallume, Element Six UK Ltd., Henan Huanghe Whirlwind Co. Ltd., ILJIN Diamond Co. Ltd., NEW DIAMOND TECHNOLOGY LLC, Sandvik AB, Scio Diamond Technology Corp., Tomei Diamond Co. Ltd., and WD Lab Grown Diamonds among others.

What will the Synthetic Diamonds Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Synthetic Diamonds Market Size for the Forecast Period and Other Important Statistics

 

Synthetic Diamonds Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The cost advantage of synthetic diamonds is notably driving the synthetic diamonds market growth, although factors such as complicated manufacturing process may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the synthetic diamonds industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Synthetic Diamonds Market Driver

One of the key factors driving growth in the synthetic diamonds market is the cost advantage of synthetic diamonds. The physical and chemical properties of synthetic diamonds and mined diamonds are almost the same, and one cannot differentiate by touch, sight, or other physical means. Although the price of diamonds mainly depends on their shape, cut, clarity, color, and carat, synthetic diamonds are cheaper than mined diamonds. Natural diamonds are produced over a long period of time, from millions to billions of years, however, synthetic diamonds are produced in one to three weeks. The price gap between these two types of diamonds (the lower prices of synthetic diamonds compared with natural diamonds) largely attracts customers in both industrial and jewelry applications. Thus, the low cost of synthetic diamonds is likely to encourage customers to prefer laboratory-grown diamonds in comparison with natural diamonds.

Key Synthetic Diamonds Market Trend

The rising demand from emerging applications such as electronics and semiconductors is another factor supporting the synthetic diamonds market share growth. It is widely used in several electronic devices such as high-power optical-electronic devices, high-voltage power electronics, light-emitting diodes, laser diodes, and high-frequency high-power devices. Synthetic diamond is largely preferred in semiconductor applications due to its unique thermal management properties. The decent thermal conductivity of synthetic diamond helps in enhancing power densities and operational life by lowering the junction temperature. The combination of electrical and thermal properties of synthetic diamonds is increasing its applications in the electronic industry. The increasing consumption of synthetic diamond in electronic materials and devices are likely to support the market growth for synthetic diamonds during the forecast period.

Key Synthetic Diamonds Market Challenge

The complicated manufacturing process will be a major challenge for the synthetic diamonds market during the forecast period. Synthetic diamonds are mainly produced by two manufacturing processes, such as the HPHT method and the CVD method. The production of synthetic diamonds is complex and time-consuming. These processes include multiple steps and have production limitations regarding the size of diamonds. The complexity of synthetic diamond manufacturing processes and their multistage processing are likely to hinder the market growth for synthetic diamonds. The size constraint in synthetic diamond manufacturing is also one of the key challenges for the synthetic diamond market.

This synthetic diamonds market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global synthetic diamonds market as a part of the global diversified metals and mining market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the synthetic diamonds market during the forecast period.

Who are the Major Synthetic Diamonds Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Applied Diamond Inc.
  • Crystallume
  • Element Six UK Ltd.
  • Henan Huanghe Whirlwind Co. Ltd.
  • ILJIN Diamond Co. Ltd.
  • NEW DIAMOND TECHNOLOGY LLC
  • Sandvik AB
  • Scio Diamond Technology Corp.
  • Tomei Diamond Co. Ltd.
  • WD Lab Grown Diamonds

 

This statistical study of the synthetic diamonds market encompasses successful business strategies deployed by the key vendors. The synthetic diamonds market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Applied Diamond Inc - The company offers synthetic diamonds that are used for wide range of applications such as CVD systems.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The synthetic diamonds market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Synthetic Diamonds Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the synthetic diamonds market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the diversified metals and mining market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Synthetic Diamonds Market?

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55% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for synthetic diamonds in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing industrialization and manufacturing activities will facilitate the synthetic diamonds market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The synthetic diamonds market in APAC witnessed a decline in growth due to the outbreak of the COVID-19 pandemic in 2020. India, China, Bangladesh, and Indonesia were some of the most affected countries by the outbreak in the region. In the second half of 2021, industries in this sector resumed their work with stringent social distancing norms due to mass vaccination drives across the region. These factors are anticipated to fuel the demand in the synthetic diamond market over the forecast period.

What are the Revenue-generating Type Segments in the Synthetic Diamonds Market?

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The synthetic diamonds market share growth by the rough synthetic diamonds segment will be significant during the forecast period. Some of the fast-growing applications of rough synthetic diamonds are oil and gas, mining, precision machining, construction, and water treatment. The growing application scope for rough synthetic diamonds will propel the growth of the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the synthetic diamonds market size and actionable market insights on post COVID-19 impact on each segment.

 

Synthetic Diamonds Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8%

Market growth 2022-2026

$ 9.80 billion

Market structure

Fragmented

YoY growth (%)

7.11

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 55%

Key consumer countries

China, US, India, Germany, and UAE

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Applied Diamond Inc., Crystallume, Element Six UK Ltd., Henan Huanghe Whirlwind Co. Ltd., ILJIN Diamond Co. Ltd., NEW DIAMOND TECHNOLOGY LLC, Sandvik AB, Scio Diamond Technology Corp., Tomei Diamond Co. Ltd., and WD Lab Grown Diamonds

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Synthetic Diamonds Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive synthetic diamonds market growth during the next five years
  • Precise estimation of the synthetic diamonds market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the synthetic diamonds industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of synthetic diamonds market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1. Executive Summary                           

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 01: Parent market

                2.2: Market Characteristics    

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 02: Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 03: Market segments

                3.3 Market size 2020 

                3.4 Market outlook: Forecast for 2020 - 2025 

                                Exhibit 04: Global - Market size and forecast 2021-2026 ($ million)

                                Exhibit 05: Global - Market size and forecast 2021-2026 ($ million)

                                Exhibit 06: Global Market: Year-over-year growth 2021-2026 (%)

                                Exhibit 07: Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 08: Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                4.3 Bargaining power of suppliers       

                4.4 Threat of new entrants    

                4.5 Threat of substitutes         

                4.6 Threat of rivalry   

                4.7 Market condition

                                Exhibit 09: Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type                      

                5.1 Market segments

                                Exhibit 10: Type - Market share 2021-2026 (%)

                                Exhibit 11: Type - Market share 2021-2026 (%)

                5.2 Comparison by Type          

                                Exhibit 12: Comparison by Type

                                Exhibit 13: Comparison by Type

                5.3 Rough synthetic diamonds - Market size and forecast 2021-2026    

                                Exhibit 14: Rough synthetic diamonds - Market size and forecast 2021-2026 ($ million)

                                Exhibit 15: Rough synthetic diamonds - Market size and forecast 2021-2026 ($ million)

                                Exhibit 16: Rough synthetic diamonds - Year-over-year growth 2021-2026 (%)

                                Exhibit 17: Rough synthetic diamonds - Year-over-year growth 2021-2026 (%)

                5.4 Polished synthetic diamonds - Market size and forecast 2021-2026                

                                Exhibit 18: Polished synthetic diamonds - Market size and forecast 2021-2026 ($ million)

                                Exhibit 19: Polished synthetic diamonds - Market size and forecast 2021-2026 ($ million)

                                Exhibit 20: Polished synthetic diamonds - Year-over-year growth 2021-2026 (%)

                                Exhibit 21: Polished synthetic diamonds - Year-over-year growth 2021-2026 (%)

                5.5 Market opportunity by Type          

                                Exhibit 22: Market opportunity by Type ($ million)

6 Customer Landscape                          

                                Exhibit 23: Customer landscape

7 Geographic Landscape                      

                7.1 Geographic segmentation

                                Exhibit 24: Market share by geography 2021-2026 (%)

                7.2 Geographic comparison   

                                Exhibit 25: Geographic comparison

                                Exhibit 26: Geographic comparison

                7.3 APAC - Market size and forecast 2021-2026              

                                Exhibit 27: APAC - Market size and forecast 2021-2026 ($ million)

                                Exhibit 28: APAC - Market size and forecast 2021-2026 ($ million)

                                Exhibit 29: APAC - Year-over-year growth 2021-2026 (%)

                                Exhibit 30: APAC - Year-over-year growth 2021-2026 (%)

                7.4 North America - Market size and forecast 2021-2026           

                                Exhibit 31: North America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 32: North America - Market size and forecast 2021-2026 ($ million

                                Exhibit 33: North America - Year-over-year growth 2021-2026 (%)

                                Exhibit 34: North America - Year-over-year growth 2021-2026 (%)

                7.5 Europe - Market size and forecast 2021-2026          

                                Exhibit 35: Europe - Market size and forecast 2021-2026 ($ million)

                                Exhibit 36: Europe - Market size and forecast 2021-2026 ($ million)

                                Exhibit 37: Europe - Year-over-year growth 2021-2026 (%)

                                Exhibit 38: Europe - Year-over-year growth 2021-2026 (%)

                7.6 Middle East and Africa - Market size and forecast 2021-2026            

                                Exhibit 39: Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                                Exhibit 40: Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                                Exhibit 41: Middle East and Africa - Year-over-year growth 2021-2026 (%)

                                Exhibit 42: Middle East and Africa - Year-over-year growth 2021-2026 (%)

                7.7 South America - Market size and forecast 2021-2026           

                                Exhibit 43: South America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 44: South America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 45: South America - Year-over-year growth 2021-2026 (%)

                                Exhibit 46: South America - Year-over-year growth 2021-2026 (%)

                7.8 China - Market size and forecast 2021-2026             

                                Exhibit 47: China - Market size and forecast 2021-2026 ($ million)

                                Exhibit 48: China - Market size and forecast 2021-2026 ($ million)

                                Exhibit 49: China - Year-over-year growth 2021-2026 (%)

                                Exhibit 50: China - Year-over-year growth 2021-2026 (%)

                7.9 US - Market size and forecast 2021-2026   

                                Exhibit 51: US - Market size and forecast 2021-2026 ($ million)

                                Exhibit 52: US - Market size and forecast 2021-2026 ($ million)

                                Exhibit 53: US - Year-over-year growth 2021-2026 (%)

                                Exhibit 54: US - Year-over-year growth 2021-2026 (%)

                7.10 India - Market size and forecast 2021-2026            

                                Exhibit 55: India - Market size and forecast 2021-2026 ($ million)

                                Exhibit 56: India - Market size and forecast 2021-2026 ($ million)

                                Exhibit 57: India - Year-over-year growth 2021-2026 (%)

                                Exhibit 58: India - Year-over-year growth 2021-2026 (%)

                7.11 Germany - Market size and forecast 2021-2026    

                                Exhibit 59: Germany - Market size and forecast 2021-2026 ($ million)

                                Exhibit 60: Germany - Market size and forecast 2021-2026 ($ million)

                                Exhibit 61: Germany - Year-over-year growth 2021-2026 (%)

                                Exhibit 62: Germany - Year-over-year growth 2021-2026 (%)

                7.12 United Arab Emirates - Market size and forecast 2021-2026           

                                Exhibit 63: United Arab Emirates - Market size and forecast 2021-2026 ($ million)

                                Exhibit 64: United Arab Emirates - Market size and forecast 2021-2026 ($ million)

                                Exhibit 65: United Arab Emirates - Year-over-year growth 2021-2026 (%)

                                Exhibit 66: United Arab Emirates - Year-over-year growth 2021-2026 (%)

                7.13 Market opportunity by geography            

                                Exhibit 67: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends                    

                8.1 Market drivers     

                                8.1.1 Cost advantage of synthetic diamonds

                                8.1.2 Growing demand for synthetic diamonds from APAC

                                8.1.3 Restrictions on mining activities

                8.2 Market challenges              

                                8.2.1 Complicated manufacturing process

                                8.2.2 Protests by natural diamond traders

                                8.2.3 Advances in natural diamond mining process

                8.3 Impact of drivers and challenges  

                                Exhibit 68: Impact of drivers and challenges

                8.4 Market trends      

                                8.4.1 Rising demand from emerging applications such as electronics and semiconductors

                                8.4.2 Growing consumption of polished diamonds in the jewelry industry

                                8.4.3 Robust R initiatives to enhance synthetic diamonds use

9. Vendor Landscape                             

                9.1     Competitive scenario    

                9.2     Vendor landscape           

                                Exhibit 69: Vendor Landscape

                9.3     Landscape disruption    

                                Exhibit 70: Landscape disruption

                9.4     Industry risks    

                                Exhibit 71: Industry risks

10.  Vendor Analysis                              

                10.1  Vendors covered            

                                Exhibit 72: Vendors covered

                10.2 Market positioning of vendors  

                                Exhibit 73: Market positioning of vendors

                10.3 Applied Diamond Inc.     

                                Exhibit 74: Applied Diamond Inc. - Overview

                                Exhibit 75: Applied Diamond Inc. - Product / Service

                                Exhibit 76: Applied Diamond Inc. - Key offerings

                10.4 Crystallume        

                                Exhibit 77: Crystallume - Overview

                                Exhibit 78: Crystallume - Product / Service

                                Exhibit 79: Crystallume - Key offerings

                10.5 Electronic Commodities Exchange LP       

                                Exhibit 80: Electronic Commodities Exchange LP - Overview

                                Exhibit 81: Electronic Commodities Exchange LP - Product / Service

                                Exhibit 82: Electronic Commodities Exchange LP - Key offerings

                10.6 Element Six UK Ltd.          

                                Exhibit 83: Element Six UK Ltd. - Overview

                                Exhibit 84: Element Six UK Ltd. - Product / Service

                                Exhibit 85: Element Six UK Ltd. - Key offerings

                                Exhibit 86: Element Six UK Ltd. - Key offerings

                                Exhibit 87: Henan Huanghe Whirlwind Co. Ltd. - Overview

                                Exhibit 88: Henan Huanghe Whirlwind Co. Ltd. - Product / Service

                                Exhibit 89: Henan Huanghe Whirlwind Co. Ltd. - Key offerings

                10.7 ILJIN Diamond Co. Ltd.    

                                Exhibit 90: ILJIN Diamond Co. Ltd. - Overview

                                Exhibit 91: ILJIN Diamond Co. Ltd. - Product / Service

                                Exhibit 92: ILJIN Diamond Co. Ltd. - Key offerings

                10.8 NEW DIAMOND TECHNOLOGY LLC            

                                Exhibit 93: NEW DIAMOND TECHNOLOGY LLC - Overview

                                Exhibit 94: NEW DIAMOND TECHNOLOGY LLC - Product / Service

                                Exhibit 95: NEW DIAMOND TECHNOLOGY LLC - Key offerings

                10.9 Sandvik AB          

                                Exhibit 96: Sandvik AB - Overview

                                Exhibit 97: Sandvik AB - Business segments

                                Exhibit 98: Sandvik AB - Key news

                                Exhibit 99: Sandvik AB - Key offerings

                                Exhibit 100: Sandvik AB - Segment focus

                10.10 Tomei Diamond Co. Ltd.              

                                Exhibit 101: Tomei Diamond Co. Ltd. - Overview

                                Exhibit 102: Tomei Diamond Co. Ltd. - Product / Service

                                Exhibit 103: Tomei Diamond Co. Ltd. - Key offerings

                10.11 WD Lab Grown Diamonds          

                                Exhibit 104: WD Lab Grown Diamonds - Overview

                                Exhibit 105: WD Lab Grown Diamonds - Product / Service

                                Exhibit 106: WD Lab Grown Diamonds - Key offerings

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 ????Market definition

                                11.1.2 ????Objectives

                                11.1.3 ????Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 107:?Currency conversion rates for US$?

                11.3 Research Methodology 

                                Exhibit 108: ?Research Methodology

                                Exhibit 109: ??Validation techniques employed for market sizing?

                                Exhibit 110: ??Information sources

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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synthetic diamonds market

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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