Global Single Crystal Diamond Market is Projected to Reach USD 1070.74 million USD by 2022 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH
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QYResearch • The global Single Crystal Diamond market is valued at USD 913.53 million in 2016 and is expected to reach USD 1070.74 million by the end of 2022, growing at a Growth Rate of 6.38% between 2016 and 2022. The market is driven by various end-user industries, such as Mechanical Device, Optical Material, Electron Device and Jewelry.
• The industry is concentration, the key brand includes ZhongNan Diamond, Henan Huanghe Whirlwind, Zhengzhou Sino-Crystal Diamond, CR GEMS Diamond, Element Six, Jinqu Chaoying Diamond, Sumitomo Electric, Microwave Enterprises so on. Among them, ZhongNan Diamond is the leader.
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QYR The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin. In consumption market, the growth rate of global consumption is smooth relatively. China is still the mainly consumption region due to the advanced production technology and rapid development of economy. There are two major technologies to produce single crystal diamond, such as HPHT (high pressure, high temperature) and CVD (chemical vapour deposition). HPHT is the major technology which account for 90% in 2016. Single crystal diamond can be widely used in mechanical device, optical material, electron device, jewelry and others. Survey results showed that mechanical device is the major consumption of single crystal diamond, which accounts for 70% in 2016. With the development of economy, these industries will need more single crystal diamond. So, single crystal diamond has a huge market potential in the future.
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The major raw material for single crystal diamond is graphite and pyrophyllite, etc. On the global market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of single crystal diamond industry.
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The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Single Crystal Diamond industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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