LATIN AMERICA SYNTHETIC DIAMONDS MARKET 2022-2028

Chemicals & Materials | Specialty Chemicals

LATIN AMERICA 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 a report by Triton, the synthetic diamonds market in Latin America is projected to progress at a CAGR of 7.68% throughout the forecasting period 2022-2028.


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The countries analyzed in this region include:

•         Brazil

•         Rest of Latin America

The market in the region is progressing due to rapid industry developments and technological advancements in producing synthetic diamonds. This results in larger diamond stones that are of higher quality and color. Additionally, the rising production activities in various end-user industries are expected to boost demand for stones, abrasives, machine tools, cutting tools, and polishing tools, which will drive demand for synthetic diamonds. However, the region is also well-known for natural diamond mining, which may limit synthetic diamond demand and impede the market growth.

Brazil is now the world’s seventh-largest healthcare market, owing to the high prevalence of various diseases and ongoing R&D activities, with growing demand for medical devices in the country. This leads to the increasing consumption of synthetic diamonds in various healthcare devices such as microelectromechanical, drug delivery, cardiovascular, etc., thereby increasing market demand.

In Mexico, the mining industry accounts for approximately 8.3% of the industrial GDP and 2.5% of the total GDP. The increased mining activity is driving demand for synthetic diamond tools and equipment. These diamonds are primarily used in exploration and drilling activities in the oil and gas industry. They find their application in drill bits, thermal detectors, PCD disks, shaped synthetic diamond inserts, gauge cutters, and other products. Therefore, the demand for synthetic diamonds in the mining industry is anticipated to propel the country’s market growth. Mexico is studied under Rest of Latin America.

Synthetic diamonds are used in the oil & gas industry for electrochemical sensing, flow control components, and drilling and extraction. Synthetic polycrystalline diamonds (PCDs) are frequently used in oil and gas drilling because no other material can withstand harsh conditions. Due to their significant advantage, these diamonds are used by rig drilling operators. PCDs are used in high-impact, abrasive, and multipurpose drilling. The products used in these operations include PDC cutters, carbide and diamond inserts, gauge inserts, shirt-tail protection for roller cone bits, and diamond grits for diamond-impregnated bits.

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

The prominent players in the synthetic diamonds market include Zhengzhou Sino-Crystal Diamond Co Ltd, Iljin Diamond Co Ltd, Element Six, Sumitomo Electric Industries Ltd, Applied Diamond Inc, Henan Liliang Diamond Co Ltd, and New Diamond Technology LLC.

Founded in 1937 in Japan, Asahi Diamond Industrial Co Ltd is a leading company in diamond tools. The company serves a variety of industries, including electronics and semiconductors, machinery and tools, transportation, civil engineering and construction, and jewelry and rough diamonds. Most of the company’s operations are in Asia, Europe, the United States, and Mexico. One of the company’s products, diamond bits, is used in geological boring surveys of the ground at landslides, mineral resources, tunnel constructions, dam sites and hot springs. They are also used during dam and tunnel construction in drilling ground reinforcement injection holes, and during civil engineering projects.

 

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 Latin America 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 Latin America synthetic diamonds market’s growth during the upcoming years

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Table of Content

1. LATIN AMERICA 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. LATIN AMERICA SYNTHETIC DIAMONDS MARKET OUTLOOK - BY COLORATION

3.1. COLORED

3.2. COLORLESS

4. LATIN AMERICA SYNTHETIC DIAMONDS MARKET OUTLOOK - BY MANUFACTURING METHOD

4.1. HIGH PRESSURE-HIGH TEMPERATURE (HPHT)

4.2. CHEMICAL VAPOR DEPOSITION (CVD)

5. LATIN AMERICA 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. LATIN AMERICA SYNTHETIC DIAMONDS MARKET OUTLOOK - BY SALES CHANNEL

6.1. ONLINE SALES CHANNELS

6.2. OFFLINE SALES CHANNELS

7. LATIN AMERICA SYNTHETIC DIAMONDS MARKET – COUNTRY OUTLOOK

7.1. BRAZIL

7.2. REST OF LATIN AMERICA

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: LATIN AMERICA 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: LATIN AMERICA SYNTHETIC DIAMONDS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

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

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

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

TABLE 11: LATIN AMERICA SYNTHETIC DIAMONDS MARKET, BY SALES CHANNEL, 2022-2028 (IN $ MILLION)  

List of Figures

FIGURE 1: KEY BUYING IMPACT ANALYSIS

FIGURE 2: MARKET ATTRACTIVENESS INDEX

FIGURE 3: INDUSTRY COMPONENTS

FIGURE 4: LATIN AMERICA SYNTHETIC DIAMONDS MARKET, BY COLORATION, 2021 & 2028 (IN %)

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

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

FIGURE 7: LATIN AMERICA SYNTHETIC DIAMONDS MARKET, BY MANUFACTURING METHOD, 2021 & 2028 (IN %)

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

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

FIGURE 10: LATIN AMERICA SYNTHETIC DIAMONDS MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)

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

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

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

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

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

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

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

FIGURE 18: LATIN AMERICA SYNTHETIC DIAMONDS MARKET, BY SALES CHANNEL, 2021 & 2028 (IN %)

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

FIGURE 20: LATIN AMERICA SYNTHETIC DIAMONDS MARKET, BY OFFLINE SALES CHANNELS, 2022-2028 (IN $ MILLION)

FIGURE 21: LATIN AMERICA SYNTHETIC DIAMONDS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

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

FIGURE 23: REST OF LATIN AMERICA SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)

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