GVR Report cover Industrial Diamond Market Size, Share & Trends Report

Industrial Diamond Market Size, Share & Trends Analysis Report By Type (Synthetic, Natural), By Application (Construction, Electronics, Transportation), By Region (MEA, APAC, North America), And Segment Forecasts, 2019 - 2025

  • Report ID: GVR-3-68038-211-2
  • Number of Pages: 118
  • Format: Electronic (PDF)

Industry Insights

The global industrial diamond market size was estimated at USD 1.79 billion in 2018 and is projected to witness a CAGR of 2.9% from 2019 to 2025. Rapid growth of the construction and automotive sectors is the key factor driving the market. Industrial diamond is used in various industries as an abrasive or cutting tool. It is categorized into two types: natural and synthetic. Natural diamond is a naturally occurring solid form of pure carbon.

It possesses different mechanical properties, such as hardness, toughness, yield strength, electrical conductivity, and chemical stability. Synthetic type is also known as cultured or artificial diamond. It can be manufactured with the help of various technological processes. The most common manufacturing methods are chemical vapor deposition and High Pressure and High Temperature (HPHT).

U.S. industrial diamond market

Out of total production, around 70% of final products are used in numerous industrial applications. In the construction industry, they are used for cutting, drilling, polishing, and grinding purposes. Increasing urbanization is fueling the growth of the construction industry as various governments are focusing on infrastructure development, such as water supply, transportation, energy networks, and telecommunication.

Thus, growing construction activities, especially in the Middle East and Asia Pacific, such as ‘Smart City Mission’ and ‘Housing for All’, are likely to drive the product demand over the forecast period. In the union budget of 2018-19, the Indian government allocated USD 92.2 billion to push the infrastructure sector, which in turn will help boost the overall market development.

Type Insights

Based on type, the industrial diamond market has been divided into synthetic and natural. The natural product type segment is estimated to expand at a CAGR of 1.9%, in terms of revenue, during the forecast period. Products, such as microns and mesh, are used in conventional tooling and abrasives. Shutting down of mines is expected to critically impact the production of the natural product type. In December 2015, De Beers announced closure of its mine at Botswana.

Synthetic is projected to be the largest as well as the fastest-growing product segment from 2019 to 2025 because, in most of the applications, synthetic products have replaced natural products due to their ability to be tailor-made for a specific application. The demand for the synthetic product is expected to increase due to chemical inertness, anti-adhesion properties, low coefficient of friction, and better abrasive wear resistance of Polycrystalline Diamond (PCD).

Application Insights

Based on application, the market is categorized into transportation, construction, and electronics. The construction segment led the global market in 2018. Transportation industry consists of growing sectors, such as automotive, aerospace, and maritime transport. Increasing demand for component manufacturing from such industries is expected to drive the segment over the forecast period.

Global industrial diamond market

The use of blade products has surged in the recent past owing to the strong demand from the construction sector. As per the reports of the World Economic Forum, the global construction industry adds USD 10 trillion in revenue, annually, and accounts for 6.0% of the global GDP. In developed countries, it accounts for 5.0% of total GDP, while in developing countries it accounts for 6.0% of total GDP.

Regional Insights

In terms of volume, Asia Pacific was the largest region in 2018 and will expand further at the fastest CAGR from 2019 to 2025 due to the availability of land and low-cost labor. China was the world’s largest producer of synthetic diamonds and is anticipated to maintain its dominant position over the coming years. Growth of the construction sector in countries including China, India, Japan, and South Korea is the key factor driving the regional market. Rising industrial activities in emerging economies, particularly China and India, are also expected to positively influence the region’s growth.

North America is also projected to witness a rapid growth in the years to come. The U.S. was one of the largest consumers and producers of synthetic products. In terms of volume, the construction application accounted for the highest market share in 2018 in U.S. As per the American Society of Civil Engineers, the country received D+ grade for infrastructure. It is estimated that the U.S. needs to spend USD 4.5 trillion to improve the state of bridges, roads, dams, schools, and airports. This factor is likely to boost the industrial diamond market growth in North America region.

Industrial Diamond Market Share Insights

The market is highly competitive as top companies are focusing on the production of synthetic diamonds. They are working on the improvement of production capacity and R&D activities for the manufacturing of lab-grown products. Key companies in the market are De Beers; ALROSA; Applied Diamond, Inc.; Industrial Diamond Laboratories, Inc.; Morgan Advanced Materials; and Scio Diamond Technology Corporation.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million, Volume in Million Carats, and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East and Africa

Country scope

U.S., Canada, Germany, Russia, France, Belgium, China, India, Japan, Brazil, Saudi Arabia, and UAE

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global industrial diamond market report on the basis of type, application, and region:

  • Type Outlook (Volume, Million Carats; Revenue, USD Million, 2014 - 2025)

    • Natural

    • Synthetic

  • Application Outlook (Volume, Million Carats; Revenue, USD Million, 2014 - 2025)

    • Construction

    • Transportation

    • Electronics

    • Others

  • Regional Outlook (Volume, Million Carats; Revenue, USD Million, 2014 - 2025)

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • Russia

      • France

      • Belgium

    • Asia Pacific

      • China

      • India

      • Japan

    • Central and South America

      • Brazil

    • Middle East and Africa

      • Saudi Arabia

      • UAE

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