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Synthetic Diamond Market Share

Report ID: GMI11293
Published Date: Sep 2024
Report Format: PDF

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Synthetic Diamond Market Share

Synthetic Diamond Market Company Share, (2023)

The competitive landscape of the synthetic diamond market is shaped by a diverse group of companies with various specializations and geographic footprints. Companies like Element Six UK Ltd and Sumitomo Electric Industries, Ltd. are prominent in the production of high-quality synthetic diamonds for both industrial and gem applications. They offer advanced technologies such as High-Pressure, High-Temperature (HPHT) and Chemical Vapor Deposition (CVD) to meet the needs of different market segments. On the other hand, companies such as Henan Huanghe Whirlwind Co., Ltd. and Iljin Diamond Co., Ltd. focus more on industrial-grade synthetic diamonds, providing materials for cutting, grinding, and drilling tools. This variety in specialization reflects the market's broad scope and the diverse needs of its end users.

In addition, companies like Adamas One Corp., Applied Diamond Inc., and New Diamond Technology contribute to the market with their emphasis on innovation and technology. They explore new applications and improve the quality of synthetic diamonds, influencing market dynamics. Meanwhile, Pure Grown Diamonds (PGD) and Swarovski are involved in the jewelry segment, offering synthetic diamonds that cater to the demand for ethical and sustainable alternatives. Rahi Impex also plays a role by supplying synthetic diamonds for various applications, adding to the competitive nature of the market. The interplay between these companies highlights the complexity of the market and the range of solutions available to meet diverse customer needs.

Synthetic Diamond Market Companies

Major players operating in the synthetic diamond industry include:

Adamas One Corp.
Applied Diamond Inc
Element Six UK Ltd
Henan Huanghe Whirlwind Co., Ltd.
Iljin diamond co., ltd.
New Diamond Technology
Pure Grown Diamonds (PGD)
Rahi impex
Swarovski
Sumitomo Electric Industries, Ltd.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Market size for synthetic diamond was USD 23.9 billion in 2023 and will grow at a 6.1% CAGR between 2024 and 2032, driven by the growing demand for industrial applications, such as cutting, grinding, and drilling.

Synthetic diamond industry from the industrial segment accumulated 39% share in 2023, primarily due to the extensive use of synthetic diamonds in various industrial applications.

Asia Pacific industry achieved USD 8.3 billion in 2023, owing to its rapid industrialization and growing demand for advanced materials in manufacturing and electronics.

Adamas One Corp., Applied Diamond Inc, Element Six UK Ltd, Henan Huanghe Whirlwind Co., Ltd., Iljin diamond co., ltd., New Diamond Technology, Pure Grown Diamonds (PGD), Rahi impex, Swarovski, and Sumitomo Electric Industries, Ltd.