Synthetic Diamond Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026 Contact: Venkat Reddy sales@industryarc.com (+1) 970-236-3677
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Synthetic Diamond Market size is forecast to reach $22.1 billion by 2026, after growing at a CAGR of 5.2% during 2021-2026.
• Globally, the increasing demand for synthetic diamond as the most common material for optical windows in high-power CO2 lasers and gyrotrons, due to its unusual combination of thermal and chemical stability, low thermal expansion, and high optical clarity over a wide spectral range, has raised the growth of the market. • Also, UV (ultraviolet) light or high-energy particle detectors made of synthetic diamonds are increasingly being used in high-energy testing facilities and are commercially available. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • The Asia Pacific region dominated the synthetic diamond market due to the growing demand from packaging and automotive & transportation industries, in countries such as India, Japan, China, and South Korea. • Chemical inertness, anti-adhesion properties, low coefficient of friction, thermal conductivity, and improved abrasive wear resistance of polycrystalline diamond are expected to push up demand for synthetic diamond in the forecast period. • Synthetic diamonds have become a vital heat-enabling technology that prevents silicon and other semiconductor materials from overheating, thus this has raised the demand for synthetic diamond from the electronics industry and is anticipated to have a positive impact on the growth of the market in the short term. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis Polished diamond held the largest share in the synthetic diamond market in 2020. Polished diamonds are diamonds that undergo processing and has no relation to the size, shape, or other characteristics. After the diamond has been cut and faceted, it is typically polished to bring out the shine and smooth finish. If not done correctly, polish will detract from the diamond's radiance. Rising use of polished diamond in jewelry, optics, medical, and for various industrial applications, has raised the demand for polished diamonds. Thus, growing demand for polished diamond is estimated to drive the growth of the synthetic diamond market. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Synthetic Diamond Market Industry Outlook • Hyperion Materials & Technologies • • • • • • • • •
Element Six UK Ltd Sumitomo Electric Industries, Ltd. Pure Grown Diamonds Applied Diamond Inc Scio Diamond Technology Corporation Krystal Grown Diamonds, Inc Sandvik AB Zhengzhou Sino-Crystal Diamond Co.,Ltd. New Diamond Technology
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Synthetic Diamond Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 – 2026 Learn More About the Report
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