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Synthetic Diamonds Market Share, Size,Growth, Key Players,
Outlook and Forecasts to 2024 | Hexa Research
“ The global synthetic diamonds market is estimated to be worth USD 28.26
billion by 2024”
03 January 2019
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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