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