Title: Synthetic Diamond Market Size Forecast to Reach $22.1 Billion by 2026
1Synthetic Diamond MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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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. - 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. - Furthermore, the rising use of synthetic HPHT
diamonds (formed by High Pressure High
Temperature process) in cutting and polishing
tools, in abrasives, and in heat sinks owing to
the stiffness, thermal conductivity, and electron
mobility properties is expected to incline the
synthetic diamond industry growth
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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. - Moreover, rising demand for super abrasives for
dressing, cutting, grinding, and drilling
equipment is also estimated to drive the growth
of the synthetic diamond market over the
projected period.
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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.
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- Synthetic Diamond Market Industry Outlook
- Element Six UK Ltd,
- Sumitomo Electric Industries Ltd,
- Zhongnan Diamond Co. Ltd,
- Henan Huanghe Whirlwind Co. Ltd,
- Zhengzhou Sino-Crystal Diamond Co. Ltd
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Synthetic Diamond Market - Forecast(2021 -
2026) Learn More About the Report _at_
https//www.industryarc.com/Research/Synthetic-Di
amond-Market-Research-503052
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- Analyst Briefing
- Data Tables
- Key Contacts
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