CVD Diamond Market Expected To Hit A CAGR Of 8.0% By 2026

CVD diamond (Chemical Vapor Deposition Diamond) is also called as synthetic diamond or laboratory-created diamond. CVD technology synthesize diamond in different range of sizes and colors with high clarity.

The global CVD diamond market is estimated to value at around US$ 8.5 Bn in 2018 and is expected to register a CAGR of 8.0%.

The global CVD diamond market report has been segmented on the basis of product type, technology type, application, and region.

On the basis of product type, the global CVD diamond market is segmented into polished and rough. The polished product type segment is expected to dominate in the global CVD diamond, due to increasing demand for precision tools, electronics, optics, and gems across the globe. On the basis of product type, rough segment is expected to contribute major revenue share in the global CVD diamond market and is expected to witness highest CAGR of over 8%, in terms of revenue over the forecast period

On the basis of technology, the global CVD diamond market is segmented into hot filament, microwave plasma, and Arc–jet torch. The microwave plasma segment is expected to dominate in the global CVD diamond market, owing to its ability to produce single crystal diamond (SCD) effectively at low cost and of more superior quality as compared to other forms of diamond producing techniques.

On the basis of application, the global CVD diamond market is segmented into mechanical applications, thermal applications, electrochemical applications, gem segment, and others. The electrochemical segment is expected to dominate in the global CVD diamond market, due to wide applicability of CVD diamonds in electrodes, electro-chemical detectors, and bio-chemical sensors.

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On the basis of region, the global CVD diamond market is segmented into North America, Europe, Asia Pacific, South America, Middle East & Africa. The market in Asia Pacific is expected to dominate in the global CVD diamond market and account for highest market share in terms of revenue, due to rising demand for CVD diamonds from the electronics and electrical industries owing to its properties such as strong energy band structure, strong electrical insulator, strong insulation in an electrically active environment, etc. are other major factors expected to drive growth of the Asia Pacific CVD diamond market.

Prominent players in the global CVD diamond market include Scio Diamond Technology Corp., Excellent Diamond Product (EDP) Corp., Diamond Materials GmbH, UniDiamond Superabrasives Anglo American plc (Element Six), Delaware Diamond Knives, Inc., Sumitomo Electric Industries, Ltd., DIDCO, INC., Henan Huanghe Whirlwind Co., Ltd., Advanced Diamond Technologies, Inc., sp3 Diamond Technologies, Inc., Hebei Plasma Diamond Technology Co., Ltd., Morgan Advanced Materials Plc, and Beijing Worldia Diamond Tools Co., Ltd.

 

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