NORTH AMERICA SYNTHETIC DIAMONDS MARKET 2022-2028

Chemicals & Materials | Specialty Chemicals

NORTH 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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Triton’s research report has concluded that the synthetic diamonds market in North America is anticipated to grow with a CAGR of 8.29% in the forecasted period from 2022 to 2028.


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The countries analyzed in this region include:

•         The United States

•         Canada

The region is experiencing rapid industrialization in the construction, mining, automobile, and aerospace industries. Additionally, the growing demand for electronics and semiconductors has also boosted the demand for synthetic diamonds due to their high electrical conductivity. However, inexpensive substitutes for synthetic diamonds, such as moissanite and cubic zirconia, are widely available in the market, impeding the demand for synthetic diamonds in North America.

In the United States, the medical device industry is one of the most technologically advanced, using synthetic diamonds for various medical applications. Here, synthetic diamonds are used in laser procedures, surgical applications, and radiotherapy dosimetry detection. Synthetic diamonds are also used in disease diagnostic methods such as neuroimaging and biosensing. Additionally, synthetic diamonds are used in several industries, including microelectronics, telecommunications, instrumentation, biotechnology, software development, mining, etc. The country’s market for synthetic diamonds is expected to be driven by the rising demand for machine tools and cutting tools in the aforementioned industries.

In Canada, approximately 2000 companies are involved in electronics manufacturing, using synthetic diamonds as a heat sink due to their high thermal conductivity. Additionally, Teledyne DALSA, a major semiconductor manufacturer in Canada, focuses on developing novel solutions that will increase demand for synthetic diamonds. Furthermore, Canada exports more than 60 metals and minerals to other countries, making mining the main industry. The use of synthetic diamonds in mining activities such as in mining drills, quarrying saws, exploration and drilling is anticipated to boost the market demand.

Although most consumers prefer colorless synthetic diamonds, yellow-colored lab diamonds are common and available in various colors ranging from light yellow to vivid. The yellow hue is caused by nitrogen, which can be lab-controlled to produce the desired shade. The solvent used in the growing process can also give these diamonds an orange hue. The studied report assesses the market’s growth based on coloration, manufacturing method, industry vertical, and sales channel. Here, the coloration segment includes colorless and colored.

Heyaru Engineering NV, Applied Diamond Inc, New Diamond Technology LLC, Iljin Diamond Co Ltd, Soham Industrial Diamonds, Brilliant Earth LLC, and Asahi Diamond Industrial Co Ltd are the established players in the synthetic diamonds market.

Founded in 1986, Applied Diamond Inc is an American company headquartered in Delaware. It provides technical and scientific applications of diamonds from its laboratory facility. The company’s clients are located worldwide, including the Americas, Europe, and Asia. Additionally, the company is heavily invested in R&D and offers numerous capabilities such as characterization, grinding and polishing, and doping of synthetic diamonds. One of the company’s products, the diamond plate, is a circular and square plate for any kind of application. These are available in single or polycrystalline types in various grades, such as optical grade, electronic grade, thermal grade, and tool grade.

 

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 North 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 Analysis Model


      A wide-ranging study of factors that will challenge the North 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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Table of Content

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

3.1. COLORED

3.2. COLORLESS

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

4.1. HIGH PRESSURE-HIGH TEMPERATURE (HPHT)

4.2. CHEMICAL VAPOR DEPOSITION (CVD)

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

6.1. ONLINE SALES CHANNELS

6.2. OFFLINE SALES CHANNELS

7. NORTH AMERICA SYNTHETIC DIAMONDS MARKET – COUNTRY OUTLOOK

7.1. UNITED STATES

7.2. CANADA

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

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

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

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

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

List of Figures

FIGURE 1: KEY BUYING IMPACT ANALYSIS

FIGURE 2: MARKET ATTRACTIVENESS INDEX

FIGURE 3: INDUSTRY COMPONENTS

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 23: CANADA SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)

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