According to a recent market study published by Growth Market Reports, titled, “Global Polycrystalline CVD Diamond Market By Grade Type, By Application, and By Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at USD 3,327.3 Million in 2022 and is expected to expand at a growth rate of 6.8% by 2031.

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As per Growth Market Reports industry analyst, “The Global Polycrystalline CVD Diamond Market is anticipated to register significant growth during the forecast period, 2022-2031. Rising demand for polycrystalline CVD diamond tools in the automobile sector globally is driving the market. Rapid proliferation of the semiconductor Industry across the world is supporting the market growth. Polycrystalline CVD diamond is an oxide-free technical ceramic. It has a high tensile strength among oxide-free technical ceramics, high thermal conductivity, and deficient heat capacity.

Polycrystalline CVD diamond is recognized as the optimal material in many applications due to its outstanding qualities. Its unprecedented hardness is essential for complex tooling and machining processes. The high thermal conductivity of polycrystalline CVD diamond makes it preferable in thermal management applications. Its wide optical transmission range makes it suitable in advanced next-generation lithography systems for semiconductor manufacturing.

Polycrystalline CVD diamond has no electron traps in its pure form, making it ideal for ultrasensitive nuclear detectors used in high-energy physics. CVD diamonds are polycrystalline diamonds obtained by chemical vapor deposition (CVD) without binders. It allows the formation of various metal thin films for chip mounting and wire bonding. Polycrystalline CVD diamond is an oxide-free technical ceramic with a high tensile strength among oxide-free technical ceramics, high thermal conductivity, and very low heat capacity.

Primary and secondary research methodology is used for keen observation and study of the Global Polycrystalline CVD Diamond Market. Primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews are conducted with stakeholders across industry verticals on regular intervals in line with the ongoing studies and to be updated with the latest market trends & developments. Validation of the estimated market size and current and future trends are done from the key opinion leaders (KOLs). These KOLs are the CXO level people from key companies in the industry and possess the experience of around 10-20 years in the industry. The secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases are analyzed for macro & micro analysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crisis of global interdependence and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. Strict measures are required for monitoring the pandemic, which affected businesses and caused unanticipated short and long-term effects. Consequently, pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 serves as an opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In the present scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study:

  • Key market players include Alfa Chemistry, Coherent Corp., Diamondelements, Ningbo Crysdiam Technology CO., LTD, Six Elements, Sumitomo Electric Industries, Ltd.

  • Based on Grade Type, the Global Polycrystalline CVD Diamond Market is categorized into Optical Grade, Electronic Grade, Thermal Grade, Mechanical Grades, and Electro-Chemistry Grades. The thermal grade segment is anticipated to hold 20.28% share of the market in 2031. The high thermal conductivity of polycrystalline CVD diamond made it ideal for applications that require high thermal conductivity and efficient heat dissipation, which is driving the segment.

  • Based on Application, the Global Polycrystalline CVD Diamond Market is categorized into Dressing Tool (Stationary Tool, Rotating Tool), Grinding and Profiling Tools (Grinding Profile Wheel, Grinding Shoes, Profile Router Bits, Others). The dressing tools segment held XX% share of the market in 2022 and is projected to hold XX% share of the market in 2031. Polycrystalline CVD diamond is a suitable option for high-performance dressing tools, due to its high fracture strength, thermal conductivity, strong thermal oxidation resistance, and high fracture toughness.

  • Based on country, the global polycrystalline CVD diamond market is segmented into China, the US, Germany, Japan, India, Brazil, Russia, Italy, Mexico, France, Poland, Australia, the UK, Romania, Spain, Chile, Turkey, South Africa, Canada, and Rest of the World. The Asia Pacific region held XX % share of the market in 2022. The electronics industry is one of the large consumers of polycrystalline CVD diamond in the region. This is due to the growing demand for electronic devices such as smartphones, laptops, and tablets. This is expected to boost the market in the coming years. Europe is anticipated to hold 7.0% CAGR during the forecast period. Polycrystalline CVD diamonds are increasingly used in the Europe-based electronics industry in applications such as semiconductors, heat sinks, and sensors. This boosts the market. This is due to the large size of the China-based electronics industry and the focus of its government on infrastructure development. Japan is another major market for polycrystalline CVD diamonds in the region. Japan is home to some of the global leading manufacturers of electronic devices and machinery.

Report Scope:

Report Metric

Details

Market Value in 2022

USD 3,327.3 Million

Market Growth Rate (from 2023 to 2030)

6.8%

Historical Data

2016 & 2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (USD Million)

Market Segments

By Grade Type, By Application, and By Region

Key Companies Profiled

Alfa Chemistry, Coherent Corp., Diamondelements, Ningbo Crysdiam Technology CO., LTD, Six Elements, Sumitomo Electric Industries, Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Supply-side: Raw material suppliers and Manufacturers

  • Demand Side: Industrial sectors

  • Regulatory Side: Concerned government authorities and other regulatory bodies