Fmi: Industrial Diamond Market Analysis, Segments, Growth and Value Chain 2015-2025

Diamond is the hardest material on earth and has the highest thermal conductivity as compared to other materials in room temperature. Most of the diamond that is mined is used for industrial purposes. Diamond is mostly used in drilling, cutting and polishing in many industrial purposes. Industrial diamonds exhibits properties such as fast material removal rates, clean operation and minimizes the sub-surface damage. It also reduces the slurry clean up and disposable problems. Industrial diamonds also have the ability to withstand extreme pressure. They give perfect finishing after cutting. Industrial diamonds are of two types viz. natural industrial diamond and synthetic industrial diamond. There is a significant variation in the prices of natural industrial diamond and synthetic industrial diamond. The synthetic industrial diamond has a much higher price than the natural industrial diamond. However, the synthetic industrial diamonds account for major share in the global industrial diamond market. However, global industrial diamond market is expected to witness a high growth rate in the forecast period.

Drivers and restraints:

One of the major factor driving the demand for industrial diamond is the growing construction industry. Increasing infrastructures and growing construction along with repair of highways is expected to fuel the growth of industrial diamond market in the near future. Moreover, the growing transportation sector is anticipated to boost the demand for industrial diamonds, thus helping the global industrial diamond to grow in the upcoming years. The increasing number of automobiles is projected to augment the industrial diamond market in the forecast period. However, threat from the competitive materials in respect to cost effectiveness is expected to restrain the global industrial diamond market in the forecast period. Also competition from the growing manufacturers is expected to be a major reason for the price fluctuations, which would...