Market by Coloration, Manufacturing Method, Industry Vertical, Sales Channel, and Country Outlook | Forecast 2022-2028
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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VIEW REPORT1. 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
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)
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)