Global Market Size of Diamond Tools More Than $20 Billion

Synthetic diamond, is widely used superhard material. The diamond is a kind of high-end composite materials with special physical properties, which has high hardness and thermal conductivity. The synthetic methods are varied, and static high temperature and high pressure is the main method for producing synthetic diamond. Synthetic diamond has been widely applied in mechanics, thermotics, optics, electrics and other fields, and it is used as machining material that has the biggest demand.

The global market size of diamond tools has been more than $20 billion. The unit prices of synthetic diamond products are decreasing, but the scale of the industry as a whole is still maintaining high-speed growth. The downstream industries of synthetic diamond mainly include manufacturing, construction, exploration and extractive industries, whose investment in fixed assets’ annual compound growth rate is 32%, 20% and 30% respectively. The downstream industry will continue to maintain good growth of investment in fixed assets, which has brought a powerful support for high speed development of synthetic diamond industry.

The cost of raw materials occupies a large proportion in the cost of synthetic diamond, about 64%. Metal powder and graphite powder are the main factors that affect the cost of synthetic diamond. In the decline prices, synthetic diamonds mainly rely on technological innovation to maintain high profit margins.

The breakthrough of photovoltaic industry application will bring huge market, and every year, the potential new market of photovoltaic (pv) using diamond wire is close to 4 billion. The replacement of traditional materials brings a huge room for growth, and on the alternative of silicon carbide abrasives, synthetic diamond market size has the growth space of nearly 1 billion yuan.

To view more information about synthetic diamonds and diamond tools, welcome to visit the following companies: Boshi Superhard Material Co.,Ltd., Xinren Superabrasives Co,.limited., Jinxin Abrasives Co.,ltd., Beijing Dongmao Glass Machinery and Tools Co., Ltd. and CIPIE(Henan)Import and Export Trade Co.,LTD.