Market by Coloration, Manufacturing Method, Industry Vertical, Sales Channel, and Country Outlook | Forecast 2022-2028
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
Want to get specific insights? Our team of analysts can customize this
report based on your preferences. Connect with us here.
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VIEW REPORT1. 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
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)
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)