CVD Diamond Market By Product Type (Polished, Rough) By Product Technology Type (Hot Filament, Microwave Plasma, Arc–jet Torch By Application (Mechanical applications, Thermal applications, Electrochemical applications) and Region - Global Forecast 2026
24th August 2018
- find_in_page Our Research Methodology is based on the following main points:
- Data Collections and Interpretation
- Data Validation
- Final Projections and Conclusion
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 report offers in-depth insights, revenue details, and other vital information regarding the global CVD diamond market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global CVD diamond market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global CVD diamond market report has been segmented on the basis of product type, technology type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
CVD diamonds are synthetic diamonds produced from chemical vapor deposition technique, in which diamonds are grown from a hydrocarbon gas mixture. CVD diamonds are chemically, physically, and optically identical to mined diamonds. Increasing demand for diamonds owing to its high thermal conductivity and low coefficient of friction, which makes them ideal for industrial applications such as laser diodes, water treatment electrodes, cutting tools, surgical tools, etc. Chemical vapors deposited (CVD) synthetic diamond is typically produced in a vacuum. They are available in different colors can be produced, such as yellow, brown, green, blue, orange, and clear white. CVD diamond materials range in grain size from ultrananocrystalline and nanocrystalline films, through polycrystalline plates and wafers to large single crystals.
A major factor driving growth of the global CVD diamond market is cost advantage of CVD diamonds as compared to that for natural diamonds. Production of CVD diamonds are carried out at a higher rate as compared to the time ideally required to mine and cut or dress natural occurring diamonds, and offer flexibility to alter various properties as required for a specific end use. Absence of mining and fewer complexities related to the manufacture of CVD diamonds makes it more cost-effective for various end-use industries and applications.
Moreover, effective characteristics of CVD diamonds such as unique properties of negative electron affinity surface, stable excitons, long impurity spin relaxation, and surface hole accumulation layer of CVD diamonds offers various benefits in electronic and optoelectronic devices, which is not possible with semiconductors produced using other materials. CVD diamonds have various advantages over other semiconductor materials because these are pure carbon, have very stable carbon-carbon bond, and are biocompatible in nature.
However, more electricity is required to manufacture CVD diamonds and electricity required to produce one carat diamond does not scale with the number of or size of chambers required. Thus, electricity becomes a major cost concern for manufacturers. In addition, producing seeds is other cost that is a major overhead, and it is not likely that a costly alternative for diamond seed will ever be found. Another factor limiting growth of the global CVD diamond market is its low or no resale value. The cost of cutting and polishing CVD diamonds is the same as that for natural diamonds, and also highly skilled artisans will still be required to produce CVD diamonds, but still natural diamonds command a greater resale value, which is expected to hamper market growth to some extent in future is expected to restraint the growth of the global CVD diamond over the forecasted years.
Major players are focusing on electron emission materials has moved from field emission displays to a range of applications, including large-area vacuum electronics, power switches, electron amplifiers, and thermionic energy conversion. Therefore, innovation and advancements in NCD and homoepitaxial-doped diamond films will help to further drive developments in the field, thereby creating newer opportunities for players in the global market.
Market Analysis by Product Type:
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, owing to increasing preference in electronics sectors for designing chips, thermal management, etc.
Market Analysis by Technology Type:
On the basis of technology type, microwave plasma segment is expected to contribute major revenue share in the global CVD diamond market and is expected to witness highest CAGR in terms of revenue over the forecast period, owing to Increasing demand for precision tools, electronics, optics, and gems across the globe.
Market Analysis by Application
Among all the application segments, electrochemical application segment is expected to contribute major revenue share in the global CVD diamond market and is expected to witness highest in terms of revenue over the forecast period, owing to properties of CVD diamond market such as high thermal conductivity and high resistance to thermal shock is increasing its applicability in electronic devices as heat dispensers.
In addition, increasing application of CVD diamonds as sub-mounts for high-power integrated circuits and laser diodes is expected to support revenue growth of this segment.
Market Analysis by Region:
Asia Pacific market is expected to dominate in the global CVD diamond market as compared to that of markets in other regions. Driving factors for growth of the Asia Pacific CVD diamond market are increasing demand for CVD diamonds from electronics product packaging industry for application in diamond-based heat spreaders with an objective to boost production capacity, which is another major factor expected to propel adoption of CVD diamond in packaging industries in countries in this region.
In addition, rising demand for CVD diamonds from the textile industry, especially for application in cutting tools, scalpels, length gauge tips, and wear resistant components, is another major factor expected to drive growth of the CVD diamond market in the region, and in turn is expected to drive growth of the market.
The CVD diamond market in the Middle East & Africa is projected to witness lucrative growth over the forecast period, owing to rapidly growing electronics industry in the countries in the region.
Market Segmentation of Global CVD diamond Market:
CVD diamond Market Segmentation by product type:
CVD diamond Market Segmentation by technology type:
- Hot Filament
- Microwave Plasma
- Arc–jet Torch
CVD diamond Market Segmentation by application:
- Mechanical applications
- Thermal applications
- Electrochemical applications
- Gem Segment
CVD diamond Market Segmentation by region:
- North America
- Asia Pacific
- South America
- Middle East & Africa
- 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
- Beijing Worldia Diamond Tools Co., Ltd.
- 1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Product Type
- 2.2.2 Market Snapshot, By Technology Type
- 2.2.3 Market Snapshot, By Application
- 2.2.4 Market Snapshot, By Region
- 2.2.5 Prudour Opportunity Map Analysis
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