CVD diamonds are synthetic diamonds produced from chemical vapor deposition technique, in which diamonds are grown from a hydrocarbon gas mixture. CVD diamonds are chemically, physically, and optically identical to mined diamonds. Increasing demand for diamonds owing to its high thermal conductivity and low coefficient of friction, which makes them ideal for industrial applications such as laser diodes, water treatment electrodes, cutting tools, surgical tools, etc. Chemical vapors deposited (CVD) synthetic diamond is typically produced in a vacuum. They are available in different colors can be produced, such as yellow, brown, green, blue, orange, and clear white. CVD diamond materials range in grain size from ultrananocrystalline and nanocrystalline films, through polycrystalline plates and wafers to large single crystals. The global CVD Diamond Market is estimated to value at around US$ 8.5 Bn in 2018 and is expected to register a CAGR of 8.0%.
Global CVD diamonds Market Dynamics:
A major factor driving growth of the global CVD diamond market is cost advantage of CVD diamonds as compared to that for natural diamonds. Production of CVD diamonds are carried out at a higher rate as compared to the time ideally required to mine and cut or dress natural occurring diamonds, and offer flexibility to alter various properties as required for a specific end use. Absence of mining and fewer complexities related to the manufacture of CVD diamonds makes it more cost-effective for various end-use industries and applications.
Moreover, effective characteristics of CVD diamonds such as unique properties of negative electron affinity surface, stable excitons, long impurity spin relaxation, and surface hole accumulation layer of CVD diamonds offers various benefits in electronic and optoelectronic devices, which is not possible with semiconductors produced using other materials. CVD diamonds have various advantages over other semiconductor materials because these are pure carbon, have very stable carbon-carbon bond, and are biocompatible in nature.
Analysis By Segmentation:
The market report has been segmented on the basis of product type, technology type, application, and region. The product type segment includes polished and rough. The technology type segment includes hot filament, microwave plasma, and arc–jet torch. The application segment includes mechanical, thermal, electrochemical, gems, and others. The regions covered in the analysis includes North America, Europe, Asia Pacific, South America, and Middle East & Africa.
By Product type: The rough product type segment is expected to account for the highest revenue share as compared to other product type segments, and is expected to register a CAGR of over 8% between 2018 and 2027
By Technology type: The microwave plasma segment is estimated to account for highest revenue share as compared to that of other technology type segments, and register a CAGR of over 8.1% over the forecast period
By Application: The electromechanical segment is expected to account for highest revenue share contribution as compared to other application segment, and is expected to register a CAGR of over 8.2% between 2018 and 2027
By Region: The market in Asia Pacific accounted for highest revenue share in the global CVD diamond market in 2017, and is expected to register a CAGR of over 8% between 2018 and 2027
Global CVD Diamond Market: Competitive Analysis
The research report on the global CVD diamond market include profiles of some of major companies such as Scio Diamond Technology Corp., Excellent Diamond Product (EDP) Corp., Diamond Materials GmbH, UniDiamond Superabrasives Anglo American plc (Element Six), Delaware Diamond Knives, Inc., Sumitomo Electric Industries, Ltd., DIDCO, INC., Henan Huanghe Whirlwind Co., Ltd., Advanced Diamond Technologies, Inc., sp3 Diamond Technologies, Inc., Hebei Plasma Diamond Technology Co., Ltd., Morgan Advanced Materials Plc, and Beijing Worldia Diamond Tools Co., Ltd.
The Global CVD Diamond Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global CVD diamond market for 2017–2028.
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