Market by Coloration, Manufacturing Method, Industry Vertical, Sales Channel, and Country Outlook | Forecast 2022-2028
A study by Triton Market Research on synthetic diamonds market in Europe highlights that the market is anticipated to develop a CAGR of 8.20% throughout the forecast period 2022-2028.
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The countries studied in this market
include:
• France
• Belgium
• Germany
• Spain
• Italy
• The United Kingdom
• Rest of Europe
Europe’s
construction and mining industries are rapidly expanding owing to increased
demand for machinery used in these industries. Additionally, the country’s
aerospace and automobile industries are thriving, which is anticipated to
benefit the synthetic diamonds market. However, in contrast to North America,
the people in Europe prefer natural diamonds over synthetic diamonds due to
their scarcity and resale value.
In
the United Kingdom, industries like construction, oil & gas, mining,
electricity, semiconductor and healthcare are rapidly growing. Between 2020 and
2050, the government intends to invest 1-2% of its GDP as part of the National
Productivity Investment Fund (NPIF) to improve the country’s infrastructure.
The government also plans to spend GBP 23 billion over the next five years on
housing, science and innovation, transportation, and a 5G network as part of
the NPIF program, with approximately GBP 7.2 billion going toward new home construction
and GBP 4 billion going toward infrastructure. As the country’s construction
industry expands, the demand for various tools and equipment made of synthetic
diamonds is anticipated to rise.
According
to estimates, mining extraction in France increased by 128% in April 2021
compared to the previous year. The increased production is expected to continue
in the coming years due to rising demand for commodities, minerals, and
construction materials. Such increases in mining output are expected to boost
demand for and applications of synthetic diamonds used in
excavation and other mining tools and equipment.
Chemical
vapor deposition (CVD) is the process of inserting a gas into a vacuum chamber
and then activating and breaking down its molecules with microwaves. As a
result, carbon atoms accumulate on a substrate. The CVD method is comparatively
less expensive because it operates at low temperatures and pressure, requiring
equipment that is comparatively smaller and less expensive. Since the vacuum chamber
contains only carbon and minimal hydrogen, it can help grow colorless crystals.
Blue or yellow synthetic diamond crystals can also be produced by introducing
boron or nitrogen into the chamber.
The studied report assesses the
market’s growth based on industry vertical, coloration, manufacturing method,
and sales channel. Here, the manufacturing method comprises high pressure-high
temperature (HPHT) and chemical vapor deposition.
The prominent players in the synthetic diamonds
market include Asahi Diamond Industrial Co Ltd, Iljin Diamond Co Ltd, WD Lab
Grown Diamonds, Heyaru Engineering NV, Brilliant Earth LLC, Zhengzhou
Sino-Crystal Diamond Co Ltd, and Sumitomo Electric Industries Ltd.
Heyaru
Engineering NV, founded in 2016, is actively involved in processing diamonds
and various super-hard advanced materials, such as polycrystalline cubic boron
nitride (PCBN). The company offers single crystal and polycrystalline diamonds
of various qualities created through chemical vapor deposition (CVD). Their
lab-grown diamonds are used in drilling, optics, thermal, laser, gems, health
care, and many other fields. The company is headquartered in Belgium and
operates in India and the United Arab Emirates.
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 Europe 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 Europe
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. EUROPE
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. EUROPE
SYNTHETIC DIAMONDS MARKET OUTLOOK - BY COLORATION
3.1. COLORED
3.2. COLORLESS
4. EUROPE
SYNTHETIC DIAMONDS MARKET OUTLOOK - BY MANUFACTURING METHOD
4.1. HIGH PRESSURE-HIGH
TEMPERATURE (HPHT)
4.2. CHEMICAL
VAPOR DEPOSITION (CVD)
5. EUROPE
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. EUROPE
SYNTHETIC DIAMONDS MARKET OUTLOOK - BY SALES CHANNEL
6.1. ONLINE
SALES CHANNELS
6.2. OFFLINE
SALES CHANNELS
7. EUROPE
SYNTHETIC DIAMONDS MARKET – COUNTRY OUTLOOK
7.1. UNITED
KINGDOM
7.2. GERMANY
7.3. FRANCE
7.4. ITALY
7.5. SPAIN
7.6. BELGIUM
7.7. REST
OF EUROPE
8. COMPETITIVE
LANDSCAPE
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: EUROPE 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: EUROPE SYNTHETIC DIAMONDS MARKET, BY COUNTRY
OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 8: EUROPE SYNTHETIC DIAMONDS MARKET, BY COLOURATION,
2022-2028 (IN $ MILLION)
TABLE 9: EUROPE SYNTHETIC DIAMONDS MARKET, BY MANUFACTURING
METHOD, 2022-2028 (IN $ MILLION)
TABLE 10: EUROPE SYNTHETIC DIAMONDS MARKET, BY INDUSTRY
VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 11: EUROPE SYNTHETIC DIAMONDS MARKET, BY SALES
CHANNEL, 2022-2028 (IN $ MILLION)
FIGURE 1: KEY BUYING IMPACT
ANALYSIS
FIGURE 2: MARKET
ATTRACTIVENESS INDEX
FIGURE 3: INDUSTRY COMPONENTS
FIGURE 4: EUROPE SYNTHETIC
DIAMONDS MARKET, BY COLORATION, 2021 & 2028 (IN %)
FIGURE 5: EUROPE SYNTHETIC
DIAMONDS MARKET, BY COLORED, 2022-2028 (IN $ MILLION)
FIGURE 6: EUROPE SYNTHETIC
DIAMONDS MARKET, BY COLORLESS, 2022-2028 (IN $ MILLION)
FIGURE 7: EUROPE SYNTHETIC
DIAMONDS MARKET, BY MANUFACTURING METHOD, 2021 & 2028 (IN %)
FIGURE 8: EUROPE SYNTHETIC
DIAMONDS MARKET, BY HIGH PRESSURE-HIGH TEMPERATURE (HPHT), 2022-2028 (IN $
MILLION)
FIGURE 9: EUROPE SYNTHETIC
DIAMONDS MARKET, BY CHEMICAL VAPOR DEPOSITION (CVD), 2022-2028 (IN $ MILLION)
FIGURE 10: EUROPE SYNTHETIC
DIAMONDS MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)
FIGURE 11: EUROPE SYNTHETIC
DIAMONDS MARKET, BY CONSTRUCTION, 2022-2028 (IN $ MILLION)
FIGURE 12: EUROPE SYNTHETIC
DIAMONDS MARKET, BY MINING, 2022-2028 (IN $ MILLION)
FIGURE 13: EUROPE SYNTHETIC
DIAMONDS MARKET, BY OIL & GAS, 2022-2028 (IN $ MILLION)
FIGURE 14: EUROPE SYNTHETIC
DIAMONDS MARKET, BY ELECTRONICS, 2022-2028 (IN $ MILLION)
FIGURE 15: EUROPE SYNTHETIC
DIAMONDS MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 16: EUROPE SYNTHETIC
DIAMONDS MARKET, BY JEWELRY, 2022-2028 (IN $ MILLION)
FIGURE 17: EUROPE SYNTHETIC
DIAMONDS MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE 18: EUROPE SYNTHETIC
DIAMONDS MARKET, BY SALES CHANNEL, 2021 & 2028 (IN %)
FIGURE 19: EUROPE SYNTHETIC
DIAMONDS MARKET, BY ONLINE SALES CHANNELS, 2022-2028 (IN $ MILLION)
FIGURE 20: EUROPE SYNTHETIC
DIAMONDS MARKET, BY OFFLINE SALES CHANNELS, 2022-2028 (IN $ MILLION)
FIGURE 21: EUROPE SYNTHETIC
DIAMONDS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 22: UNITED KINGDOM SYNTHETIC
DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: GERMANY SYNTHETIC
DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: FRANCE SYNTHETIC
DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: ITALY SYNTHETIC
DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: SPAIN SYNTHETIC
DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: BELGIUM SYNTHETIC
DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: REST OF EUROPE SYNTHETIC
DIAMONDS MARKET 2022-2028 (IN $ MILLION)