ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET 2022-2028

Chemicals & Materials | Specialty Chemicals

ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET 2022-2028

Market by Coloration, Manufacturing Method, Industry Vertical, Sales Channel, and Country Outlook | Forecast 2022-2028

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As per the report by Triton Market Research, the synthetic diamonds market in the Asia-Pacific is anticipated to grow with a CAGR of 8.34% over the forecasting period 2022-2028.


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The countries analyzed in this region include:

•         India

•         Japan

•         ASEAN Countries

•         South Korea

•         China

•         Australia & New Zealand

•         Rest of Asia-Pacific

Due to the numerous reactor plants for synthetic diamond manufacturing and skilled labor force for processing, the Asia-Pacific is the most opportunistic region for synthetic diamonds. The region’s increasing market demand is due to its citizens’ rising disposable incomes, favorable government policies and initiatives in various sectors, such as telecommunications, healthcare, and others, which will propel the synthetic diamonds market. The countries in the region, particularly China and India, are major producers of synthetic diamonds. However, establishing a synthetic diamond manufacturing unit is an expensive endeavor that may impede the growth of the studied market.

In China, the construction output value increased from CNY 9.6 trillion in 2010 to CNY 26.39 trillion in 2020. The expansion of the construction industry is expected to drive demand for synthetic diamonds due to their use in cutting and drilling tool applications. Furthermore, with an increase in the disposable income of citizens, demand for electronic products is expected to rise, thereby driving the studied market. As part of the country’s ambitious “Made in China 2025” Plan, the government announced plans to produce $305 billion in semiconductor chips by 2030, meeting 80% of domestic demand. As a result, establishing new semiconductor manufacturing facilities is anticipated to increase the demand for synthetic diamonds throughout the forecast period.

South Korea is currently the world’s fastest aging developed country. By 2025, approximately 25% of South Korea’s population will be aged 65 years and above. This will increase demand for more healthcare services, thereby providing opportunities for the studied market due to the use of synthetic diamonds in medical devices. Additionally, the demand for synthetic diamonds is due to their use as a heat sinks in the electronics and semiconductor industry. Therefore, the use of synthetic diamonds in such industries is anticipated to drive the country’s market demand.

In the construction industry, synthetic diamonds are used for sawing, cutting, grinding, cutting diaphragm walls, tunneling, etc. Because of their physical hardness, synthetic diamonds, such as HPHT diamonds, are used for cutting, sawing, and drilling and have become a highly significant commercial material in the industry. The demand for synthetic diamonds is anticipated to increase due to shorter production times and economical and effective performance.

The studied report assesses the market’s growth based on industry vertical, coloration, manufacturing method, and sales channel. Here, the industry vertical segment comprises construction, mining, oil & gas, electronics, healthcare, gems and other industry verticals.

Engis Corporation, Applied Diamond Inc, Labgems, Henan Liliang Diamond Co Ltd, New Diamond Technology LLC, Element Six, and Henan Huanghe Whirlwind Co Ltd are the key players in the synthetic diamonds market.

Founded in 2010, Henan LiLiang Diamond Co Ltd is a synthetic diamond manufacturing and production company in China. The products offered by the company include diamond powder, synthetic diamond, and sharp point diamond. One of the company’s products, a sharp pointed synthetic diamond, is an octahedron diamond with a mesh powder, ranging in sizes from 70/80 to 120/140. This diamond is used for high precision and efficiency of special semiconductors, special optical glasses, laser controllers, etc.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies


      Comprehensive information and estimation of the synthetic diamonds market revenue growth in Asia-Pacific and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model


      A wide-ranging study of factors that will challenge the Asia-Pacific synthetic diamonds market’s growth during the upcoming years

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Table of Content

1. ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET- SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE SYNTHETIC DIAMONDS MARKET

2.2. KEY INSIGHTS

2.2.1. RISING INDUSTRIAL DEMAND FOR SYNTHETIC DIAMONDS

2.2.2. USAGE OF SYNTHETIC DIAMONDS IN MEDICAL EQUIPMENT

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. KEY BUYING IMPACT ANALYSIS

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. INDUSTRY COMPONENTS

2.8. KEY MARKET STRATEGIES

2.8.1. PRODUCT LAUNCHES

2.8.2. COLLABORATIONS

2.8.3. ACQUISITIONS

2.9. MARKET DRIVERS

2.9.1. RISING DEMAND AND LESS PRODUCTION TIME

2.9.2. CHEAPER ALTERNATIVE TO EARTH-MINED DIAMONDS

2.10. MARKET CHALLENGES

2.10.1. HIGH COST OF PROCESSING SYNTHETIC DIAMONDS

2.10.2. DWINDLING RESALE VALUE OF SYNTHETIC DIAMONDS

2.11. MARKET OPPORTUNITIES

2.11.1. EMERGING USE IN NEXT-GEN QUANTUM SENSING SYSTEMS

2.11.2. APPLICATION OF SYNTHETIC DIAMONDS IN THE DEFENSE SECTOR

3. ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET OUTLOOK - BY COLORATION

3.1. COLORED

3.2. COLORLESS

4. ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET OUTLOOK - BY MANUFACTURING METHOD

4.1. HIGH PRESSURE-HIGH TEMPERATURE (HPHT)

4.2. CHEMICAL VAPOR DEPOSITION (CVD)

5. ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET OUTLOOK - BY INDUSTRY VERTICAL

5.1. CONSTRUCTION

5.2. MINING

5.3. OIL & GAS

5.4. ELECTRONICS

5.5. HEALTHCARE

5.6. JEWELRY

5.7. OTHER INDUSTRY VERTICALS

6. ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET OUTLOOK - BY SALES CHANNEL

6.1. ONLINE SALES CHANNELS

6.2. OFFLINE SALES CHANNELS

7. ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET – COUNTRY OUTLOOK

7.1. CHINA

7.2. JAPAN

7.3. INDIA

7.4. SOUTH KOREA

7.5. ASEAN COUNTRIES

7.6. AUSTRALIA & NEW ZEALAND

7.7. REST OF ASIA-PACIFIC

8. COMPETITIVE LANDSCAPE

8.1. APPLIED DIAMOND INC

8.2. ILJIN DIAMOND CO LTD

8.3. LABGEMS

8.4. BRILLIANT EARTH LLC

8.5. ELEMENT SIX

8.6. ASAHI DIAMOND INDUSTRIAL CO LTD

8.7. NEW DIAMOND TECHNOLOGY LLC

8.8. ZHENGZHOU SINO-CRYSTAL DIAMOND CO LTD

8.9. ENGIS CORPORATION

8.10. HEYARU ENGINEERING NV

8.11. HENAN LILIANG DIAMOND CO LTD

8.12. WD LAB GROWN DIAMONDS

8.13. SOHAM INDUSTRIAL DIAMONDS

8.14. SUMITOMO ELECTRIC INDUSTRIES LTD

8.15. HENAN HUANGHE WHIRLWIND CO LTD

9. RESEARCH METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF PRODUCT LAUNCHES

TABLE 4: LIST OF COLLABORATIONS

TABLE 5: LIST OF ACQUISITIONS

TABLE 6: DIFFERENCE BETWEEN NATURAL AND SYNTHETIC DIAMONDS

TABLE 7: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY COLORATION, 2022-2028 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY MANUFACTURING METHOD, 2022-2028 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY SALES CHANNELS, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: KEY BUYING IMPACT ANALYSIS

FIGURE 2: MARKET ATTRACTIVENESS INDEX

FIGURE 3: INDUSTRY COMPONENTS

FIGURE 4: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY COLORATION, 2021 & 2028 (IN %)

FIGURE 5: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY COLORED, 2022-2028 (IN $ MILLION)

FIGURE 6: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY COLORLESS, 2022-2028 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY MANUFACTURING METHOD, 2021 & 2028 (IN %)

FIGURE 8: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY HIGH PRESSURE-HIGH TEMPERATURE (HPHT), 2022-2028 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY CHEMICAL VAPOR DEPOSITION (CVD), 2022-2028 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)

FIGURE 11: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY CONSTRUCTION, 2022-2028 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY MINING, 2022-2028 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY OIL & GAS, 2022-2028 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY ELECTRONICS, 2022-2028 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY JEWELRY, 2022-2028 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY SALES CHANNEL, 2021 & 2028 (IN %)

FIGURE 19: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY ONLINE SALES CHANNELS, 2022-2028 (IN $ MILLION)

FIGURE 20: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY OFFLINE SALES CHANNES, 2022-2028 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 22: CHINA SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: JAPAN SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)

FIGURE 24: INDIA SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: SOUTH KOREA SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: ASEAN COUNTRIES SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: AUSTRALIA & NEW ZEALAND SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: REST OF ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)

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