Growing Industrial Activities to Accelerate Demand for Synthetic Diamonds, Says Tmr

Transparency Market

Research

Synthetic Diamond Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2015 - 2023

Published Date

05-Oct-2015

163 Page Report

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Growing Industrial Activities to Accelerate Demand for

Synthetic Diamonds, says TMR

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Synthetic Diamond Market

REPORT DESCRIPTION

Synthetic Diamond Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 2023

The top three players leading the global synthetic diamond market are ElementSix, SandvikAB, and ILJINCo. ,

Ltd. These companies held a dominant 75.6% in the overall market in 2014. A new research report by

Transparency Market Research indicates that forward integration has helped these players maintain their

winning positions. However, the future will be dictated by sound investments in research and development

activities to lower manufacturing costs and enhancing the product quality.

“Setting up manufacturing plants in developing regions of Asia Pacific will also yield higher returns on

investments,” states the author of the research report. Tying up with research institutes to further bring down

the research and development costs will also benefit the manufacturers of synthetic diamonds in the coming

years.

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Cost Advantage Across Applications Gives Fillip to Synthetic Diamond Sales

Synthetic diamonds find an indispensable usage in myriad industrial applications such construction, computer

chip production, oil and gas exploration, mining activities, stone cutting and polishing, and in surgeries. Thus,

the definite rise in these activities has led to an upsurge in the demand for the synthetic diamond market. The

ability of synthetic...