Market by Coloration, Manufacturing Method, Industry Vertical, Sales Channel, and Country Outlook | Forecast 2022-2028
A study by Triton Market Research shows that the synthetic diamonds market in Middle East and Africa is anticipated to develop with a CAGR of 7.73% during the forecast period 2022-2028.
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The countries studied in this
market include:
• Saudi Arabia
• The United Arab Emirates
• Israel
• South Africa
• Rest of Middle East &
Africa
The Middle East and Africa is seeing an increased demand for synthetic
diamonds due to increased interest and sales from ethically-minded customers.
The Middle Eastern region also hosts numerous trade shows and exhibitions that
attract manufacturers and potential buyers, further propelling the synthetic
diamonds market. Additionally, the advancements in cutting-edge technology in
synthetic diamond production will propel the studied market due to their low
price, transparency, sustainability, affordability, appearance, and emphasis on
certifications.
The construction industry in Saudi Arabia is
poised for tremendous growth over the next five years, with 700 new projects
scheduled to be completed by 2022. The Saudi Ministry of Housing also announced
plans to build approximately 100,000 new housing units in collaboration with
real estate developers for a total cost of SAR 65 billion (USD 17.3 billion).
Thus, the aforementioned factors will likely boost the country’s synthetic
diamonds market.
The use of synthetic diamonds in the healthcare sector is expected to
increase over the forecast period due to their various uses in the industry.
For instance, synthetic diamonds are used in lasers, surgical tools, radiation
dosimetry detectors, etc. Because of their exceptional optical and thermal
properties, synthetic diamonds are used in therapeutic and curative laser
applications. These laser-based technologies have replaced traditional surgery.
They can reduce the doctor’s workload while allowing patients’ treatment to be
completed in a short duration and at a reduced cost.
The studied report assesses the
market’s growth based on sales channel, industry vertical, manufacturing
method, and coloration. Here, the industry vertical segment comprises healthcare, oil
& gas, construction, mining, electronics, gems, and other industries.
The established players in the synthetic
diamonds market include Sumitomo Electric Industries Ltd, Element
Six, Applied Diamond Inc, Labgems, Soham Industrial Diamonds, Henan Liliang
Diamond Co Ltd, Engis Corporation, and Henan Huanghe Whirlwind Co Ltd.
Founded in 1897 and headquartered in
Osaka, Japan, Sumitomo Electric Industries Ltd is a global group of 415
companies in 40 countries across Asia, North & South America, Europe, the
Middle East and Africa. Some of the company’s products include semiconductors,
diamonds, batteries, etc. One of the company’s products, single crystal diamond
dies, is used for ultra-fine wires ranging from 0.008 mm to 1.0 mm.
These wires are used in optical and telecommunication due to their high
hardness, high bending strength and high thermal conductivity.
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 the Middle East and Africa 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 Middle
East and Africa 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. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA SYNTHETIC DIAMONDS MARKET OUTLOOK - BY COLORATION
3.1. COLORED
3.2. COLORLESS
4. MIDDLE
EAST AND AFRICA SYNTHETIC DIAMONDS MARKET OUTLOOK - BY MANUFACTURING METHOD
4.1. HIGH PRESSURE-HIGH
TEMPERATURE (HPHT)
4.2. CHEMICAL
VAPOR DEPOSITION (CVD)
5. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA SYNTHETIC DIAMONDS MARKET OUTLOOK - BY SALES CHANNEL
6.1. ONLINE
SALES CHANNELS
6.2. OFFLINE
SALES CHANNELS
7. MIDDLE
EAST AND AFRICA SYNTHETIC DIAMONDS MARKET – COUNTRY OUTLOOK
7.1. UNITED
ARAB EMIRATES
7.2. SAUDI
ARABIA
7.3. ISRAEL
7.4. SOUTH
AFRICA
7.5. REST
OF MIDDLE EAST & AFRICA
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: MIDDLE EAST AND
AFRICA 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: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 8: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY COLORATION, 2022-2028 (IN $ MILLION)
TABLE 9: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY MANUFACTURING METHOD, 2022-2028 (IN $
MILLION)
TABLE 10: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $
MILLION)
TABLE 11: MIDDLE EAST
AND AFRICA 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: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY COLORATION, 2021 & 2028 (IN %)
FIGURE 5: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY COLORED, 2022-2028 (IN $ MILLION)
FIGURE 6: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY COLORLESS, 2022-2028 (IN $ MILLION)
FIGURE 7: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY MANUFACTURING METHOD, 2021 & 2028 (IN
%)
FIGURE 8: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY HIGH PRESSURE-HIGH TEMPERATURE (HPHT),
2022-2028 (IN $ MILLION)
FIGURE 9: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY CHEMICAL VAPOR DEPOSITION (CVD), 2022-2028
(IN $ MILLION)
FIGURE 10: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)
FIGURE 11: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY CONSTRUCTION, 2022-2028 (IN $ MILLION)
FIGURE 12: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY MINING, 2022-2028 (IN $ MILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY OIL & GAS, 2022-2028 (IN $ MILLION)
FIGURE 14: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY ELECTRONICS, 2022-2028 (IN $ MILLION)
FIGURE 15: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 16: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY JEWELRY, 2022-2028 (IN $ MILLION)
FIGURE 17: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $
MILLION)
FIGURE 18: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY SALES CHANNEL, 2021 & 2028 (IN %)
FIGURE 19: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY ONLINE SALES CHANNELS, 2022-2028 (IN $
MILLION)
FIGURE 20: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, BY OFFLINE SALES CHANNELS, 2022-2028 (IN $
MILLION)
FIGURE 21: MIDDLE EAST AND
AFRICA SYNTHETIC DIAMONDS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 22: UNITED ARAB
EMIRATES SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: SAUDI ARABIA SYNTHETIC
DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: ISRAEL SYNTHETIC
DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: SOUTH AFRICA SYNTHETIC
DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: REST OF MIDDLE EAST
& AFRICA SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)