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Synthetic Diamond Market Segment Forecasts Up to 2023, Research Reports-Transparency Market Research

Transparency Market Research has published a new report "Synthetic Diamond Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023" to its report store.


Albany, NY -- (SBWIRE) -- 08/05/2015 -- Demand for synthetic diamonds is increasing due to strong economic growth in the developing markets, which continues to create a wealthy middle class. Furthermore, the wealthy middle class are often considered primary consumers of synthetic diamonds. Hence, demand for synthetic diamonds is rising at a significant rate and is expected to increase substantially in the near future. Changing consumer preferences for branded and authentic jewelry is anticipated to be another key factor boosting the global synthetic diamond market. However, the perception of consumers that synthetic diamonds are cheap, fake, an imitation, and artificial is the keyfactor hindering the growth of the synthetic diamond market globally.

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Diamonds are very high in demand as a jewelry item and make a valuable investment option globally. They are extremely hard and have a complex structure. Additionally, diamonds are one of the most precious stones. They possess a broadband spectral transparency that stretches from ultraviolet rays to infrared rays and have excellent thermal conductivity. Thus, diamonds are often considered as an ideal material for multi spectral optical applications. On the other hand, synthetic diamonds are similar to natural diamonds; however, they are artificially produced by different manufacturing processes. Some of the prominent manufacturing processes include high pressure and high temperature (HPHT), chemical vapor deposition (CVD), explosive formation, and sonication of graphite solutions. Synthetic diamonds are also known as cultured or cultivated diamonds.

Synthetic diamonds have applications similar to that of natural diamonds; they are largely used in the construction and mining industry as a drilling tool. These diamonds are also used in the telecommunications & microelectronics industry as a heat sink. Furthermore, synthetic diamonds are used to cut metal sheets in the foundry and automotive industry. Industrial and household water treatment is another chief application segment in the global synthetic diamond market. Besides this, synthetic diamonds are used in advanced health care applications as surgical scalpels and detectors. The usage of synthetic diamonds as gemstone in jewelries and ornaments is the largest application segment in the global synthetic diamond market.

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Global demand for synthetic diamonds is estimated to increase significantly due to high demand for synthetic diamonds in the emerging economies such as China, India, and Taiwan. Growth of the wealthy middle class in China, India, Russia, Brazil, and Indonesiais projected to drive the market in Asia Pacific. China constitutes the largest market in Asia Pacific due to strong industrialization in the country. This has resulted in significant growth of the construction and mining industry in China. Europe held a substantial share of the global synthetic diamond market in 2014. Automotive and telecommunications & microelectronics are major application segmentsfueling the synthetic diamond market in Europe.The jewelries and ornaments application segment is the largest in the Middle East & Africa. Affinity of consumers towards precious gems and stonesispropelling the global synthetic diamond market in the Middle East.Latin America held a key share of the global synthetic diamond market in 2014.Brazil and Argentina are major consumers of synthetic diamond in Latin America.

Some of the major players in the global synthetic diamond market include Element Six, Scio Diamond Technology Corporation, Graff Diamonds Ltd., Gemesis Inc., The De Beers Group of Companies, Washington Diamonds Corporation, LifeGem, Pure Grown Diamonds, New Diamond Technology (NDT, LLC), and Applied Diamond, Inc.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America
Asia Pacific
Middle East and Africa
Latin America

This report provides comprehensive analysis of

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter's five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a six-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

It provides distinctive graphics and exemplified SWOT analysis of major market segments

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