Industrial Diamond Market
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Global <strong>Industrial</strong><br />
<strong>Diamond</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2015<br />
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Report Description<br />
<strong>Diamond</strong> is the hardest material on earth and has the highest thermal conductivity as<br />
compared to other materials in room temperature. Most of the diamond that is mined is<br />
used for industrial purposes. <strong>Diamond</strong> is mostly used in drilling, cutting and polishing in<br />
many industrial purposes. <strong>Industrial</strong> diamonds exhibits properties such as fast material<br />
removal rates, clean operation and minimizes the sub-surface damage. It also reduces<br />
the slurry clean up and disposable problems. <strong>Industrial</strong> diamonds also have the ability to<br />
withstand extreme pressure. They give perfect finishing after cutting. <strong>Industrial</strong> diamonds<br />
are of two types viz. natural industrial diamond and synthetic industrial diamond. There<br />
is a significant variation in the prices of natural industrial diamond and synthetic<br />
industrial diamond. The synthetic industrial diamond has a much higher price than the<br />
natural industrial diamond. However, the synthetic industrial diamonds account for major<br />
share in the global industrial diamond market. However, global industrial diamond<br />
market is expected to witness a high growth rate in the forecast period.<br />
Drivers and restraints:<br />
One of the major factor driving the demand for industrial diamond is the growing<br />
construction industry. Increasing infrastructures and growing construction along with<br />
repair of highways is expected to fuel the growth of industrial diamond market in the<br />
near future. Moreover, the growing transportation sector is anticipated to boost the<br />
demand for industrial diamonds, thus helping the global industrial diamond to grow in<br />
the upcoming years. The increasing number of automobiles is projected to augment the<br />
industrial diamond market in the forecast period.
Report Description<br />
However, threat from the competitive materials in respect to cost effectiveness is<br />
expected to restrain the global industrial diamond market in the forecast period. Also<br />
competition from the growing manufacturers is expected to be a major reason for the<br />
price fluctuations, which would impact the global industrial diamond market in the<br />
upcoming years. Research and development on more practical use of industrial diamonds<br />
can create more opportunities for the industrial diamond market players.<br />
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Segmentation:<br />
Global industrial diamond market is broadly segmented on the basis of types as:<br />
Natural industrial diamond<br />
Synthetic industrial diamond<br />
Natural industrial diamonds are of two types:<br />
<strong>Diamond</strong> stone<br />
<strong>Diamond</strong> bort (fragmented)<br />
The synthetic diamonds account for maximum share in the global industrial diamond<br />
market in terms of production as well as consumption.<br />
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Report Description<br />
On the basis of end use industries, the global industrial diamond market is also<br />
segmented as:<br />
Construction<br />
Mining services (drilling)<br />
Stone cutting/ Polishing<br />
Machinery manufacturing<br />
Transportation systems<br />
Others<br />
Among these segments, transportation systems and stone cutting together accounts for<br />
the major demand in the global industrial diamond market. Construction sector is<br />
followed by mining services on the basis of consumption in the global industrial diamond<br />
market.<br />
Region – wise Outlook:<br />
Global industrial diamond market is broadly segmented into seven segments based on<br />
region as North America, Latin America, Western Europe, Eastern Europe, Japan, Middle<br />
East and Africa and Asia Pacific. Global industrial diamond market is prominent in North<br />
America. North America accounts for the maximum share in the global industrial<br />
diamond market.
Report Description<br />
United States is the largest market for industrial diamonds and is expected to continue<br />
growth in the forecast period. China is one of the major producer of synthetic industrial<br />
diamonds. Asia pacific and Europe is expected to witness high growth rates in the global<br />
industrial diamond market in the forecast period.<br />
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Major key players:<br />
Some of the major key players identified in the global industrial diamond market are:<br />
3M company<br />
OJSC ALROSA<br />
<strong>Industrial</strong> <strong>Diamond</strong> Laboratories, Inc.<br />
Nixon <strong>Industrial</strong> <strong>Diamond</strong>s Ltd<br />
Toolgal <strong>Industrial</strong> <strong>Diamond</strong>s Ltd<br />
Pitt <strong>Industrial</strong> <strong>Diamond</strong> Products, Inc<br />
Invedia
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