Diamond Powder Market Size, Share & Growth | Forecast [2030]
Diamond Powder Market Size, Share & Growth | Forecast [2030]
Segments - Global Diamond Powder Market By Product Sizes (Less than 500, 501 to 1000, and Above 1000 mesh), By Synthesis (Synthetic, Natural), By Applications (Lapping & Polishing, Sawing, Cutting & Grinding, Electroplating, Drilling, Others) and Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :MC-2485
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Report Description
Market Outlook:
The global Diamond Powder market was valued at USD 262.7 Million in 2020 and is projected to reach USD 375.4 Million by 2028, expanding at a CAGR of 4.8% during the forecast period. Diamond powder has high internal strength and toughness and is used in a number of applications such as polishing and lapping of tough and hard materials. Diamond powder is used in grinding wheels in aerospace and automotive industries, saw blades for cutting concrete and stone, exploration of oil and gas, and in drill bits for mining.
Diamond powder used for industrial purposes is chosen on the basis of resistibility towards corrosion and heat, thermal conductivity, and strength. Diamond powder is utilized for acquiring precision and high surface finish. Industrial applications of diamond powder include diamond dressing tools and polishing of precious stones such as diamond, zircon, and emerald.
Mesh diamonds are thick diamond crystals and are used in several applications that involve aggressive coarse action. They are available in a wide range of grades that define toughness, shape, and crumbliness of crystals. They are expected to hold a considerable share of the market, as they are ideally used in applications such as fireproofing. It acts as a barrier between the structural supports of commercial or residential buildings and flammable materials, thereby reducing the risk of spread of fire or damage.
Polycrystalline micron diamond powder is a synthesized diamond powder and is widely used in multiple applications for aerospace and electronics. For instance, it is used in manufacturing laser crystals, semiconductor wafers, and HDD components.
Market Dynamics
Increasing Usage of Diamond Powder in Various Industries
Diamond powder showcased its emergence in a large number of industries such as electronic industry, automotive industry, and aerospace industry. Diamond powder is used in skin care products for exfoliation for removal of cellulite and reduction of wrinkles. Diamond particles display spectral identifiers when present in trace amounts. Based on this property, the pharmaceutical industry began R&D process to add diamond powder in less concentrations to drug formulations. The diamond powder market is driven by high usage of diamond powder in drill bits for the mining industry.
Polishing of Diamond Powder on Tools
Development in nano-technology and industrial techniques increased the demand for precision tools. Diamond powder is widely used in fabrication industries for manufacturing tools, precision machinery, and coating developed tools. Increasing demand for polishing and lapping hard metals, abrasives, and dressing tools in production units is anticipated to drive the diamond powder market.
Strict government policies
Governments of various countries focus on the health of employees and people living near manufacturing units of diamond powder. Health complications of people working in diamond powder manufacturing units includes factors such as inhalation of diamond powder, which leads to respiratory irritation. Therefore, governments have amended regulations for safety of workers. Mining of natural diamond and diamond powder results in deforestation. Hence, governments of different countries promote funds and schemes for diamond powder, which is manufactured in laboratories.
Technological Advancements in lab-created diamond powder
Technological innovations help reduce waste levels, improve responsiveness to industrial demands, result into fast turnaround times, and enhance product quality, while streamlining relationships with suppliers and customers. Players are investing in the research and development process, considering raw materials, temperature, and pressure. This is expected to create opportunities for the global diamond powder market.
Segmental Outlook
On the basis of Product Size, the global diamond powder market is segmented into less than 500 Product Size, 501 to 1000 mesh size, and above 1000 mesh size. The less than 500 mesh size segment is considered to grow at a rapid pace, owing to its applications in polishing of hard materials.
Based on synthesis, the market is bifurcated into synthetic and natural. Furthermore, the synthetic segment is bifurcated into polycrystalline and monocrystalline. The synthetic segment is anticipated to hold a substantial share of the market during the forecast period, owing to its environmental-friendly property.
In terms of applications, the market is classified into lapping and polishing, sawing, cutting and grinding, electroplating, drilling, and others. The drilling segment is expected to hold a considerable share of the market, owing to hard surface applications of drills, such as tiles and stones.
Regional Outlook
On the basis of region, the market is segmented into five major regions namely North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
North America is anticipated to hold a substantial share owing to the emergence of key players. Asia Pacific is considered as the promising region owing to the technological advancements in research and development activities.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Diamond Powder Market
- Historical, Current and Projected Market Size in terms of Value.
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Diamond Powder Market Performance
Segments
Key Segments Covered
By Product Size
- Less than 500
- 501 to 1000
- Above 1000 mesh
By Synthesis
- Synthetic
- Polycrystalline
- Monocrystalline
- Natural
By Applications
- Lapping & Polishing
- Sawing, Cutting & Grinding
- Electroplating
- Drilling
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Market Players Profiled in the Report
- Dev Group.
- Lapmaster Wolters
- Engis Corporation
- HENAN HOLD DIAMOND TECH COMPANY
- Element Six UK Ltd
- ASAHI DIAMOND INDUSTRIAL AUSTRALIA PTY LIMITED
- Hyperion Materials & Technologies
- ILJIN DIAMOND CO., LTD.
- Shannon Abrasives
- Zhecheng Hongxiang Superhard Material Co., Ltd
- Tomei Diamond Co. Ltd.
Competitive Landscape
- Top players in the market include ILJIN DIAMOND CO., LTD., Element Six UK Ltd, Hyperion Materials & Technologies, Zhecheng Hongxiang Superhard Material Co., Ltd, Engis Corporation, Dev Group. These companies are considered as key manufacturers of diamond powder based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
- The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the Diamond Powder market.
Frequently Asked Questions
Major manufacturers include, Dev Group., Lapmaster Wolters, Engis Corporation, HENAN HOLD DIAMOND TECH COMPANY, Element Six UK Ltd, ASAHI DIAMOND INDUSTRIAL AUSTRALIA PTY LIMITED, Hyperion Materials & Technologies, ILJIN DIAMOND CO., LTD., Shannon Abrasives, Zhecheng Hongxiang Superhard Material Co., Ltd, Tomei Diamond Co. Ltd. and others.
Factors such as Diamond Industry, Abrasive Market, GDP, Political Scenario, and Mining Industry are analyzed in the final report.
The base year considered for the global Diamond Powder market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018, and 2019 are the historic years, and the forecast is provided from 2021 to 2028.
The market is expected to slight decrease in growth between 2019 and 2020 owing to the COVID 19 pandemic on the Diamond Powder market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Electronics industry, automotive industry, aerospace, pharmaceutical industry, cosmetics, and others are the major end-user of the Diamond Powder.
Increasing Usage of Diamond Powder in Various Industries, Polishing of Diamond Powder on Tools, Increasing Usage of Abrasives, Increasing Demand for Synthetic Diamond Powder fuels demand are the factors expected to drive the market growth during forecast period.
In addition to market size (in US$ Million), Company Market Share (in % for base year 2020), pricing analysis, production process outlook, and regulatory landscape.
According to this Growth Market Reports report, the Diamond Powder market is likely to register a CAGR of 4.8% during forecast period 2020-2028, with an anticipated valuation of USD 375.4 million by the end of the 2028.
Additional company profiles can be provided on request
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Diamond Powder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Diamond Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Diamond Powder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Diamond Powder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Diamond Powder Market Size & Forecast, 2018-2028
4.5.1 Diamond Powder Market Size and Y-o-Y Growth
4.5.2 Diamond Powder Market Absolute $ Opportunity
4.6 Nano Powder: Industry Overview
4.7 Manufacturing Process of Diamond Powder
Chapter 5 Global Diamond Powder Market Analysis and Forecast Product Sizes
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities Product Sizes
5.1.2 Basis Point Share (BPS) Analysis Product Sizes
5.1.3 Absolute $ Opportunity Assessment Product Sizes
5.2 Diamond Powder Market Size Forecast Product Sizes
5.2.1 Less than 500 Mesh
5.2.2 501 to 1000 Mesh
5.2.3 Above 1000 Mesh
5.3 Market Attractiveness Analysis Product Sizes
Chapter 6 Global Diamond Powder Market Analysis and Forecast Synthesis/Process
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities Synthesis/Process
6.1.2 Basis Point Share (BPS) Analysis Synthesis/Process
6.1.3 Absolute $ Opportunity Assessment Synthesis/Process
6.2 Diamond Powder Market Size Forecast Synthesis/Process
6.2.1 Synthetic
6.2.1.1 Polycrystalline
6.2.1.2 Monocrystalline
6.2.2 Natural
6.3 Market Attractiveness Analysis Synthesis/Process
Chapter 7 Global Diamond Powder Market Analysis and Forecast Applications
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities Applications
7.1.2 Basis Point Share (BPS) Analysis Applications
7.1.3 Absolute $ Opportunity Assessment Applications
7.2 Diamond Powder Market Size Forecast Applications
7.2.1 Lapping & Polishing
7.2.2 Sawing Cutting & Grinding
7.2.3 Electroplating
7.2.4 Drilling
7.2.5 Others
7.3 Market Attractiveness Analysis Applications
Chapter 8 Global Diamond Powder Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Diamond Powder Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Diamond Powder Analysis and Forecast
10.1 Introduction
10.2 North America Diamond Powder Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Diamond Powder Market Size Forecast Product Sizes
10.6.1 Less than 500 Mesh
10.6.2 501 to 1000 Mesh
10.6.3 Above 1000 Mesh
10.7 Basis Point Share (BPS) Analysis Product Sizes
10.8 Absolute $ Opportunity Assessment Product Sizes
10.9 Market Attractiveness Analysis Product Sizes
10.10 North America Diamond Powder Market Size Forecast Synthesis/Process
10.10.1 Synthetic
10.10.1.1 Polycrystalline
10.10.1.2 Monocrystalline
10.10.2 Natural
10.11 Basis Point Share (BPS) Analysis Synthesis/Process
10.12 Absolute $ Opportunity Assessment Synthesis/Process
10.13 Market Attractiveness Analysis Synthesis/Process
10.14 North America Diamond Powder Market Size Forecast Applications
10.14.1 Lapping & Polishing
10.14.2 Sawing Cutting & Grinding
10.14.3 Electroplating
10.14.4 Drilling
10.14.5 Others
10.15 Basis Point Share (BPS) Analysis Applications
10.16 Absolute $ Opportunity Assessment Applications
10.17 Market Attractiveness Analysis Applications
Chapter 11 Europe Diamond Powder Analysis and Forecast
11.1 Introduction
11.2 Europe Diamond Powder Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Diamond Powder Market Size Forecast Product Sizes
11.6.1 Less than 500 Mesh
11.6.2 501 to 1000 Mesh
11.6.3 Above 1000 Mesh
11.7 Basis Point Share (BPS) Analysis Product Sizes
11.8 Absolute $ Opportunity Assessment Product Sizes
11.9 Market Attractiveness Analysis Product Sizes
11.10 Europe Diamond Powder Market Size Forecast Synthesis/Process
11.10.1 Synthetic
11.10.1.1 Polycrystalline
11.10.1.2 Monocrystalline
11.10.2 Natural
11.11 Basis Point Share (BPS) Analysis Synthesis/Process
11.12 Absolute $ Opportunity Assessment Synthesis/Process
11.13 Market Attractiveness Analysis Synthesis/Process
11.14 Europe Diamond Powder Market Size Forecast Applications
11.14.1 Lapping & Polishing
11.14.2 Sawing Cutting & Grinding
11.14.3 Electroplating
11.14.4 Drilling
11.14.5 Others
11.15 Basis Point Share (BPS) Analysis Applications
11.16 Absolute $ Opportunity Assessment Applications
11.17 Market Attractiveness Analysis Applications
Chapter 12 Asia Pacific Diamond Powder Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Diamond Powder Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Diamond Powder Market Size Forecast Product Sizes
12.6.1 Less than 500 Mesh
12.6.2 501 to 1000 Mesh
12.6.3 Above 1000 Mesh
12.7 Basis Point Share (BPS) Analysis Product Sizes
12.8 Absolute $ Opportunity Assessment Product Sizes
12.9 Market Attractiveness Analysis Product Sizes
12.10 Asia Pacific Diamond Powder Market Size Forecast Synthesis/Process
12.10.1 Synthetic
12.10.1.1 Polycrystalline
12.10.1.2 Monocrystalline
12.10.2 Natural
12.11 Basis Point Share (BPS) Analysis Synthesis/Process
12.12 Absolute $ Opportunity Assessment Synthesis/Process
12.13 Market Attractiveness Analysis Synthesis/Process
12.14 Asia Pacific Diamond Powder Market Size Forecast Applications
12.14.1 Lapping & Polishing
12.14.2 Sawing Cutting & Grinding
12.14.3 Electroplating
12.14.4 Drilling
12.14.5 Others
12.15 Basis Point Share (BPS) Analysis Applications
12.16 Absolute $ Opportunity Assessment Applications
12.17 Market Attractiveness Analysis Applications
Chapter 13 Latin America Diamond Powder Analysis and Forecast
13.1 Introduction
13.2 Latin America Diamond Powder Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Diamond Powder Market Size Forecast Product Sizes
13.6.1 Less than 500 Mesh
13.6.2 501 to 1000 Mesh
13.6.3 Above 1000 Mesh
13.7 Basis Point Share (BPS) Analysis Product Sizes
13.8 Absolute $ Opportunity Assessment Product Sizes
13.9 Market Attractiveness Analysis Product Sizes
13.10 Latin America Diamond Powder Market Size Forecast Synthesis/Process
13.10.1 Synthetic
13.10.1.1 Polycrystalline
13.10.1.2 Monocrystalline
13.10.2 Natural
13.11 Basis Point Share (BPS) Analysis Synthesis/Process
13.12 Absolute $ Opportunity Assessment Synthesis/Process
13.13 Market Attractiveness Analysis Synthesis/Process
13.14 Latin America Diamond Powder Market Size Forecast Applications
13.14.1 Lapping & Polishing
13.14.2 Sawing Cutting & Grinding
13.14.3 Electroplating
13.14.4 Drilling
13.14.5 Others
13.15 Basis Point Share (BPS) Analysis Applications
13.16 Absolute $ Opportunity Assessment Applications
13.17 Market Attractiveness Analysis Applications
Chapter 14 Middle East & Africa (MEA) Diamond Powder Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Diamond Powder Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Diamond Powder Market Size Forecast Product Sizes
14.6.1 Less than 500 Mesh
14.6.2 501 to 1000 Mesh
14.6.3 Above 1000 Mesh
14.7 Basis Point Share (BPS) Analysis Product Sizes
14.8 Absolute $ Opportunity Assessment Product Sizes
14.9 Market Attractiveness Analysis Product Sizes
14.10 Middle East & Africa (MEA) Diamond Powder Market Size Forecast Synthesis/Process
14.10.1 Synthetic
14.10.1.1 Polycrystalline
14.10.1.2 Monocrystalline
14.10.2 Natural
14.11 Basis Point Share (BPS) Analysis Synthesis/Process
14.12 Absolute $ Opportunity Assessment Synthesis/Process
14.13 Market Attractiveness Analysis Synthesis/Process
14.14 Middle East & Africa (MEA) Diamond Powder Market Size Forecast Applications
14.14.1 Lapping & Polishing
14.14.2 Sawing Cutting & Grinding
14.14.3 Electroplating
14.14.4 Drilling
14.14.5 Others
14.15 Basis Point Share (BPS) Analysis Applications
14.16 Absolute $ Opportunity Assessment Applications
14.17 Market Attractiveness Analysis Applications
Chapter 15 Competition Landscape
15.1 Diamond Powder Market: Competitive Dashboard
15.2 Global Diamond Powder Market: Market Share Analysis, 2020
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Dev Group.
15.3.2 Lapmaster Wolters
15.3.3 Engis Corporation
15.3.4 HENAN HOLD DIAMOND TECH COMPANY
15.3.5 Element Six UK Ltd
15.3.6 ASAHI DIAMOND INDUSTRIAL AUSTRALIA PTY LIMITED
15.3.7 Hyperion Materials & Technologies
15.3.8 ILJIN DIAMOND CO., LTD.
15.3.9 Shannon Abrasives
15.3.10 Zhecheng Hongxiang Superhard Material Co., Ltd
15.3.11 Tomei Diamond Co. Ltd.
Methodology
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