Sarasota, FL -- (SBWIRE) -- 05/18/2018 -- Global Diamond Coatings Market: Overview

Diamonds are one of the hardest materials that man has known due to which it is far more effective and efficient than other materials which are used for abrasive, cutting, shaping, or finishing tools and have the highest thermal conductivity among all known materials. Diamonds also have very low thermal expansion and high electrical resistance. Their very high thermal conductivity makes them ideal for spreading and conducting heat out of compact, high-power, high-speed electronic packages. A low-pressure technique to produce diamonds using chemical vapor deposition (CVD) has increased the interest in CVD diamond films and coatings. These films have various applications like cutting tools to wear resistance parts. Low cost and the ability of CVD diamond to coat any shape is one of its advantages over high-pressure technology.

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Global Diamond Coatings Market: Growth Factors

Growing demand for diamond coated medical devices and equipment, and improvement in life of cutting tools and equipments are some of the drivers of the Diamond Coating market. The end-user industries like electronic, mechanical, industrial, and medical and others have enhanced the growth of the market. Medical technology is a field where new methods and techniques are constantly being researched for better diagnosis, prevention and treatment of diseases. Due to the mechanical properties along with corrosion resistance and biocompatibility this market has emerged as a growing and promising technology for biomedical applications. Applications like optical windows, electrical components, heat sinks, wear parts and prosthetics which require strength, adaptability and long life of super abrasives are increasing the demand for diamond coated tools and equipments. Increased usage of light weight and high strength components is also a significant driver for diamond coating tools which also have an impact on the diamond cutting market.

Global Diamond Coatings Market: Segmentation

The segmentation of the global Diamond coating market can be done on the basis of technology, based on the substrate, based on end user and type wise segmentation. On the basis of technology, the global diamond coatings market is classified as CVD segment and PVD segment. Based on substrate segmentation, the divisions are metal, ceramic, and composite. Classification on the basis of end user is electronic, medical, mechanical, industrial and automotive. Type-wise segmentation of the Diamond cutting market is as low-pressure synthesis and atmospheric pressure synthesis.

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Global Diamond Coatings Market: Regional Analysis

The fastest growing diamond coatings market during the forecast period is estimated to be of APAC. Availability of cheap labor and economical and accessible raw materials are attracting foreign investments, which are driving the market growth in the region. Economies of countries like China, Taiwan, and India are strengthening which is attracting investments in this region. Europe is the largest consumer of diamond cuttings and the market is witnessing the use of diamond cutting in various new end-use industries.

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Global Diamond Coatings Market: Competitive Players

Some of the key players in the global diamond coatings market are Oerlikon, D-Coat GmbH, NeoCoat SA, Crystallume, Element Six, sp3 Diamond Technologies, Advanced Diamond Technologies, Inc., Blue Wave Semiconductors, Diamond Product Solutions, and JCS Technologies.

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