Advanced Materials Industry Synthetic Diamonds Market

Your Catalyst To a Lucrative Business
Synthetic Diamonds Market Size, Share, Demand, Growth, Trends
and Forecast to 2024 - Hexa Research
" The global synthetic diamond market size was
estimated to be worth USD 14.9 billion in 2016. They
are increasingly used for an array of applications
other than industrial including abrasives, laser
optics, and telecommunication."
The global Synthetic Diamonds Market is estimated to be worth USD 28.26 billion by 2024 as a result of its
increasing demand for cutting, polishing, and drilling. Increasing utilization of these functions for development
of infrastructure coupled with the growing spending on the sector is likely to propel market growth over the
projected period.
Expansion of the electronics and healthcare production base in countries including India and China is expected
to provide new opportunities for the development of the market. Presence of manufacturing bases of
companies including Samsung, Apple, Sony, Abbott, and GSK in Asia Pacific is expected to drive the demand for
synthetic diamonds in various industrial applications.
North America synthetic diamond market was valued at USD 3.89 billion in 2016 and is expected to witness
above-average growth in light of rebound of the manufacturing sector. However, the presence of a stringent
regulatory framework for the mining sector is likely to deter growth. Nonetheless, usage of synthetic diamonds
in the existing mining processes is expected to support the market.
Browse Details of Report @ https://www.hexaresearch.com/research-report/synthetic-diamond-market
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