Advanced Materials Industry Synthetic Diamonds Market | Page 2

Your Catalyst To a Lucrative Business
Asia Pacific is likely to witness the fastest growth at a 9.1% CAGR over the projected period owing to the
tremendous untapped potential of the manufacturing sector in the region. Increasing use of synthetic diamonds
in various manufacturing processes owing to their relatively low cost and ease of availability.
Polished synthetic diamond market is anticipated to grow at a CAGR of 8.3% over the projected period on
account of their relatively low demand in industrial application. However, the increasing use of these stone in
jewelry coupled with the rising consumer awareness regarding fashionable accessories is expected to open new
avenues for the growth of the market.
Electronics was the largest application segment and is expected to witness growth at a CAGR of 8.7% over the
projected period. Increasing demand for consumer electronics including washing machines, refrigerators, HVAC,
smartphone, and tablets is expected to drive the market for synthetic stones subsequently.
Centaurus Technologies Inc., Applied Diamond Inc., Element Six, New Diamond Technology, and ILJIN are some
of the prominent players in the market. These companies are focusing on R&D to develop stones w ith a higher
carat. For instance, using the HPHT process, New Diamond Technology (NDT) unveiled a 10.07 carat blue stone
in September 2016.
Hexa Research has segmented the global synthetic diamonds market based on operating process, type,
application and region:
Segmentation by process, 2014 - 2024 (USD Million)
• HPHT (High Process High Treatment)
• CVD (Chemical Vapor Deposition)
Segmentation by type, 2014 - 2024 (USD Million)
• Rough
• Polished
Segmentation by application, 2014 - 2024 (USD Million)
• Construction & Mining
• Electronics
• Jewelry
• Healthcare
• Others
Segmentation by region, 2014 - 2024 (USD Million)
• North America
• U.S.
• Europe
• Russia
• Asia Pacific
• India
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