Diamond Powder Market Size & Share, by Product Size (Less than 500, 501 to 1000, Above 1000 Mesh); Synthesis (Synthetic, Natural); Applications (Lapping & Polishing, Sawing, Cutting & Grinding, Electroplating, Drilling) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5836
  • Published Date: Mar 08, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Diamond Powder Market size is anticipated to reach USD 556 Million by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of diamond powder was over USD 302 Million. The electronic, automotive, and aerospace industries are just a few of the fields where diamond powder has made a splash. Diamond powder is used as an exfoliant in skin care products to help reduce wrinkles and remove cellulite. For instance, the global skin care industry is expected to bring in USD 186.60 billion in sales by 2024. Furthermore, when diamond particles are present in trace levels, they exhibit spectral identities. Due to this characteristic, the pharmaceutical industry started an R&D process to incorporate diamond powder into medicine formulations at lower percentages.

In addition, diamond powder finds use in the optical sector. Because of its high refractive index and transparency, it's a great material to use for optical windows, prisms, and lenses. These elements are necessary in many disciplines, including microscopy, astronomy, and telecommunications. Superior light transmission is ensured by the use of diamond powder in optics, enabling crisper and more accurate images.


Diamond Powder Market
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Diamond Powder Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand in Fabrication Industries - The need for precision tools expanded with advancements in industrial methods and nanotechnology. In the fabrication sectors, diamond powder is commonly utilized for coating-developed tools, precision machinery, and tool manufacture. The diamond powder market is expected to be driven by rising demand in manufacturing units for dressing tools, abrasives, and hard metals for polishing and lapping. Additionally, the fabrication sector is using more and more sophisticated materials including ceramics, harder metals, and composites. Because diamond powder can tolerate high temperatures and keep its cutting edges sharp, it is a good fit for machines and finishing these materials. Therefore, the need for high-performance abrasives like diamond powder is anticipated to grow as the fabrication industry continues to improve and expand into new areas like aerospace, renewable energy, and additive manufacturing, further propelling diamond powder market expansion in the fabrication industry.
  • Increased Technological Advancements in the Creation of Diamond Powder - In addition to streamlining ties with suppliers and consumers, technological improvements can minimize waste levels, improve response to industrial demands, produce rapid turnaround times, and boost product quality. While making R&D investments, players take pressure, temperature, and raw materials into account. For instance, promising applications of diamond powder in dentistry and biomedicine have been demonstrated recently. Tools with diamond coatings have been created for incredibly accurate surgeries that reduce tissue damage and enhance patient outcomes. Furthermore, diamond powder is added to dental instruments and tools to help with dental restorations and to facilitate the effective removal of tooth enamel. The diamond powder market is anticipated to grow as a result.
  • Increased Use in Infrastructural Activities – The need for infrastructure upgrading and development is driven by the rapid industrialization and urbanization that is occurring in developing nations. As per a report in the US, excluding subsidies from the federal government, state and municipal governments invested USD 218.5 billion in infrastructure and transportation in 2021. This made up 56% of all the money the government spent on infrastructure and transportation that year. A key component in the creation of premium building and construction materials is diamond powder. In order to help build strong and beautiful structures, it is used to cut, grind, and polish concrete as well as other hard materials. Additionally, drilling is required for a number of infrastructure development tasks, including the installation of foundations, tunneling, and utility exploration below ground. For the production of drilling instruments that can precisely and efficiently penetrate hard surfaces, diamond powder is essential.

Challenges

  • High Production Costs – There are several intricate steps involved in the creation of diamond powder, including crushing, purification, and degradation. The high production costs resulting from these techniques restrict the accessibility of diamond powder, particularly for small-scale producers. Therefore, this factor will hamper the growth of the diamond powder market.
  • Increased Environmental Concerns May Hinder Market Growth
  • Stringent Government Regulations Regarding Health Hazards from the Powder may Impede Market Growth

Diamond Powder Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 5%

Base Year Market Size (2023)

 ~ USD 302 Million

Forecast Year Market Size (2036)

 ~ USD 556 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Diamond Powder Segmentation

Synthesis (Synthetic, Natural)

Synthetic segment in the diamond powder market is anticipated to grow largest share of 54% during the forecast period. The uniform quality and purity of synthetic diamond powder guarantee reliable performance in a range of applications. This dependability is especially desirable in fields where accuracy and consistency are critical. Furthermore, the creation of synthetic diamonds offers a more affordable option to natural diamonds, which are expensive and have limited supply. This is especially true for sectors that need significant amounts of diamond powder. Furthermore, the need for synthetic diamond products is being driven by expanding industries like electronics, aerospace, and automotive, which are using diamond powder more and more for a variety of purposes. Therefore, the expansion of these industries is also accelerating the growth of the segment. As per a report, in 2019, the electronics industry was estimated to be worth 953.4 billion dollars, or around 20% of the total market value, which was 4.9 trillion dollars. In addition, the environmental effect of producing synthetic diamond powder is generally smaller than that of mining natural diamonds. Growing environmental consciousness may lead sectors to favor more sustainable synthetic alternatives.

Applications (Lapping & Polishing, Sawing, Cutting & Grinding, Electroplating, Drilling)

Drilling segment in the diamond powder market is expected to hold a share of 35% during the forecast period. With increasing exploration activities in sectors like oil and gas, mining, and geothermal energy there’s a rising demand for diamond powder for drilling purposes. Also, growing infrastructural projects such as the construction of roads, bridges, tunnels, and underground utilities, require extensive drilling operations. Additionally, as industries seek to access resources located in remote or challenging environments, there’s a need for more advanced drilling technologies. Furthermore, expansion in renewable energy projects such as wind and solar farms often involves drilling for foundation installation and exploration of suitable sites. For instance, Repsol, a Spanish renewable energy firm, started building the Delta II wind energy project in a few Spanish provinces in May 2021. With a total capacity of 860 MW when fully operating, Delta II will be able to supply about 800,000 houses throughout Spain. Therefore, all these factors are propelling the growth of the segment.

Our in-depth analysis of the global diamond powder market includes the following segments:

     Product Size

  • Less than 500
  • 501 to 1000
  • Above 1000 Mesh

     Synthesis

  • Synthetic
  • Natural

     Applications

  • Lapping & Polishing
  • Sawing
  • Cutting & Grinding
  • Electroplating
  • Drilling

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Diamond Powder Industry - Regional Synopsis

North American Market Forecast

North American diamond powder market is expected to hold the largest share of 36% by the end of 2036. The existence of key companies is one of the main reasons propelling the market expansion in the region. Additionally, the aerospace, automotive, electronics, and medical device industries are among the sophisticated manufacturing sectors with a significant presence in the region. In addition, there is an increasing need for diamond powder in drilling and construction applications due to the region's continuous infrastructure development projects. Forecasts indicate that the amount spent on new road construction will reach about 153 billion U.S. dollars by 2027. The spending on new transportation infrastructure is likely to continue rising. Also, in 2022, the United States spent considerably over $100 billion on power construction projects.

APAC Market Statistics

Diamond powder market in Asia Pacific is anticipated to hold a share of 28% by the end of 2036. Because of the technical developments in research and development, Asia Pacific is seen as a promising region. The widespread implementation of the product in various industrial applications, such as space exploration, mining, medical treatments, and stone cutting, is another factor that stimulates growth in the region. Furthermore, it is anticipated that the diamond powder market will grow due to factors such as increasing consumer disposable income, the widespread usage of the product in UV (ultraviolet) light or high-energy particle detectors, and the popularity of synthetic diamond powder as an environmentally benign alternative to genuine diamonds.

Research Nester
Diamond Powder Market Size
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Companies Dominating the Diamond Powder Market

top-features-companies
    • De Beers Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Hyperion Materials & Technologies
    • Dev Group.
    • Lapmaster Wolters
    • Engis Corporation
    • HENAN HOLD DIAMOND TECH COMPANY
    • Element Six UK Ltd
    • ASAHI DIAMOND INDUSTRIAL AUSTRALIA PTY LIMITED
    • Hyperion Materials & Technologies
    • ILJIN DIAMOND CO., LTD.

In-the-news

In The News

  • Thorlabs and Element Six (E6), a division of the De Beers Group, have partnered to provide same-day shipping of E6's diamond supplies via the Thorlabs catalog. Thorlabs, a major designer and manufacturer of photonics equipment for manufacturing, research, and biomedical applications, was founded in 1989. Through the partnership, end customers in business and academics will have easier access to Element Six's superior, award-winning synthetic diamonds due to Thorlabs' unmatched delivery speed and world-class customer support.
  • The launch of two new polycrystalline diamond (PCD) lines, the P-Series and U-Series, by Hyperion Materials & Technologies, a leading manufacturer of hard and super-hard materials for a range of demanding industrial applications, is an exciting announcement that will broaden the company's offering to the toolmaking industry.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5836
  • Published Date: Mar 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand in fabrication industries, increased technological advancements in the creation of diamond powder, and increased use in infrastructural activities are the major factors driving the growth of the diamond powder market.

The market size of diamond powder is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are De Beers Group, Hyperion Materials & Technologies, Dev Group., Lapmaster Wolters, Engis Corporation, HENAN HOLD DIAMOND TECH COMPANY, Element Six UK Ltd, ASAHI DIAMOND INDUSTRIAL AUSTRALIA PTY LIMITED, Hyperion Materials & Technologies, ILJIN DIAMOND CO., LTD. and others.

The synthetic segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Diamond Powder Market Report Scope
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