The global synthetic diamond market is anticipated to grow at a CAGR of around 6.4% during the forecast period (2021-2027). The new launches in the synthetic diamond market by the major market players are the main factor boosting the growth of the market. Besides, the market players are also focusing on expanding their business by adopting different growth strategies such as mergers and acquisitions, business expansion, and technology innovation to generate more revenue and to remain competitive in the market. For instance, in January 2021, Hyperion Materials & Technologies, a provider of hard and super-hard materials space for high precision applications, had acquired Nano Diamond Products (NDP). The NDP provides a solution in synthetic diamond and cubic boron nitride (CBN) products. The acquisition of NDP will support Hyperion Materials & Technologies to expand its position as one of the leading providers of synthetic diamond and CBN products. The combined organization will be able to provide better products and services to customers and industries across the globe including stone cutting, electronics, oil & gas, and toolmaking.
Browse the full report description of "Global Synthetic Diamond Market Size, Share & Trends Analysis Report By (Polished, and Rough) By Manufacturing Process (High-Pressure High-Temperature (HPHT), and Chemical Vapour Deposition (CVD)) By Application (Construction & Mining, Electronics, Jewellery, Healthcare, and Others (Oil and Gas)) Forecast 2021-2027" at https://www.omrglobal.com/industry-reports/synthetic-diamond-market
Moreover, in April 2019, John Crane completes the acquisition of the industrial division of Advanced Diamond Technologies (ADT). The ADT is one of the leaders in the development and application of diamond films for industrial, electronic, mechanical, and medical applications. By acquiring ADT's industrial business, John Crane has enhanced its industry leadership in the synthetic diamond market. Considering these activities, significant growth in the synthetic diamond market can be expected during the forecast period.
Market Coverage
o By Type
o By Manufacturing Process
o By Application
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Synthetic Diamond Market Report Segment
By Type
By Manufacturing Process
By Application
Global Synthetic Diamond Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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