The market for synthetic diamonds is primarily being driven by rising demand for semiconductors and electronics. The maximum thermal conductivity and widest electronic band gap are provided by synthetic diamonds. They are also chemically and physiologically inert. As a result, the synthetic diamond enables inventive developments in the production of semiconductors and electronics. Once more, rising super abrasive demand is anticipated to boost market expansion. The automotive, aerospace, medical, and electronics industries mostly use highly abrasive equipment, such as drilling, cutting, and dressing tools, and grinding wheels, to create their products. Because to qualities like endurance, hardness, resilience to unusual temperatures, and chemical inertness, super abrasives are widely employed.
The Gobal Synthetic Diamond Market size was valued at USD 21.40 Bn in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.18 % from 2022 to 2030.
Prominent Companies in the Synthetic Diamond Industry:
1. Adamas One Corp.
Adamas One Corp., a diamond company, produces single crystal diamonds and diamond materials for diamond jewelry industry and industrial markets in the United States and internationally. The company was incorporated in 2018 and is based in Scottsdale, Arizona.
2. Applied Diamond Inc.
Applied Diamond, Inc. was founded in 2004. The company's line of business includes the manufacturing of machine tool accessories. The company has headquarters situated in Wilmington, Delaware.
3. Element Six UK Ltd
Founded in 1946, Element Six has developed to become a global leader in synthetic diamond and supermaterials manufacturing. It has headquarters situated in Didcot, Oxfordshire. In September, 2021 Element Six, part of the De Beers Group, has launched DNV-B14™, its newest general-purpose chemical vapour deposition (CVD) quantum-grade diamond, an ideal material for quantum technologies such as magnetic field devices, RF sensors, solid-state gyroscopes and room temperature masers.
4. Henan Huanghe Whirlwind Co. Ltd
Henan Huanghe Whirlwind Co., Ltd. engages in the manufacture and sale of carbon-based new materials in China and internationally. Henan Huanghe Whirlwind Co., Ltd. was founded in 1998 and is based in Zhengzhou, China.
5. ILJIN Diamond Co. Ltd
Iljin Diamond Co., Ltd. manufactures and sells tool materials in South Korea, the United States, Europe, Japan, China, and internationally. The company was founded in 1985 and is based in Seoul, South Korea. Iljin Diamond Co., Ltd. is a subsidiary of ILJIN Holdings Co., Ltd.
6. New Diamond Technology
New Diamond Technology Company was founded in 2014 for growing the largest high-quality single-crystal diamonds of IIa and IIb types. It has headquarters situated in Voskova Street, lit. U.
7. Sumitomo Electric Industries Ltd
Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. It operates through Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others segments. The company was founded in 1897 and is headquartered in Osaka, Japan. In March, 2023 Sumitomo Electric Industries, Ltd. has launched an energy management solution that enables multiple uses for grid storage batteries using SEMSA™*¹ technology.
8. Swarovski
Founded in 1895 in Austria, the company designs, manufactures and sells the world's finest crystal, gemstones, Swarovski Created Diamonds and zirconia, jewelry, and accessories, as well as crystal objects and home accessories. The company has headquarters situated in Wattens, Austria and operational in more than 140 countries.
9. Zhongnan Diamond Co. Ltd
Zhongnan Diamond Co. Ltd. manufactures and distributes ultrahard materials. The Company produces synthetic diamonds, cubic boron nitrides, diamond compacts, and more. Zhongnan Diamond sells its products domestically and internationally. It has headquarters situated in Nanyang, China.
*Definition-Using a high-pressure, high-temperature (HPHT) technique, synthetic diamond is created. Carbide tools, which are necessary for production, are needed for the procedure.
