GLOBAL SYNTHETIC DIAMONDS MARKET FORECAST 2022-2030

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KEY FINDINGS The global synthetic diamonds market is expected to register a CAGR of 8.89% in terms of revenue over the estimated years 2022 to 2030. Market growth is facilitated by growing industrial demand for synthetic diamonds, affordable alternatives to diamonds natural, and less production time.

New York, Sept. 05, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “GLOBAL SYNTHETIC DIAMONDS MARKET FORECAST 2022-2030” Report – https://www.reportlinker.com/p06317750/?utm_source=GNW

MARKET OVERVIEW
Lab-grown diamonds, commonly referred to as lab-created diamonds or man-made diamonds, are grown in highly controlled laboratory environments using state-of-the-art technological procedures. These procedures replicate the environmental conditions in which diamonds grow organically beneath the earth’s crust.

In addition, synthetic diamonds are real carbon atoms arranged in diamond crystal form.
Synthetic diamond prices are up to 40% lower than natural diamonds, graded by the four Cs of carat weight, cut, color and clarity, similar to their organic counterpart. Synthetic diamond prices are expected to decline further as the supply chain is relatively shorter and the process is renewable.

Additionally, the manufacture of synthetic diamonds is on the rise as production becomes faster and cheaper. As the accessibility and manufacture of synthetic diamonds are increasing, the aforementioned factors are expected to be major drivers for the growth of the global synthetic diamond market.

REGIONAL OVERVIEW
The growth assessment of the global synthetic diamond market includes the assessment of Asia-Pacific, North America, Europe, and the rest of the world. North America is expected to be the leading region over the forecast years.

Market growth is propelled by the booming automotive and aerospace sector, ever-increasing demand for electronics, and a growing trend of jewelry made from synthetic diamonds, including casual and special occasion jewelry.

COMPETITIVE OVERVIEW
In terms of production, the global synthetic diamond market is fragmented, with major key players holding significant control over supply. This has resulted in intense competition, in addition to competitive pricing.
Some of the major players operating in the market are Engis Corporation, Asahi Diamond Industrial Co Ltd, Brilliant Earth LLC, etc.

Our reporting offerings include:
• Explore key findings from the overall market
• Strategic breakdown of market dynamics (drivers, restraints, opportunities, challenges)
• Market forecast for a minimum of 9 years, plus 3 years of historical data for all segments, sub-segments and regions
• Market segmentation responds to a thorough assessment of key segments with their market estimates
• Geographical analysis: evaluations of the regions and national segments mentioned with their market share
• Key Analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of key companies based on factors, market shares, etc.
• Company profile: detailed company overview, products/services offered, SCOT analysis and recent strategic developments

Companies cited
1. APPLIED DIAMOND INC
2.ASAHI DIAMOND INDUSTRIAL CO LTD
3. BRILLIANT EARTH LLC
4. ELEMENT 6
5. ENGIS COMPANY
6.HENAN HUANGHE WHIRLWIND CO LTD
7. HENAN LILIANG DIAMOND CO LTD
8. HEYARU ENGINEERING SA
9.ILJIN DIAMOND CO LTD
10. LABGEMS
11. NEW DIAMOND LLC TECHNOLOGY
12. SOHAM INDUSTRIAL DIAMONDS
13.SUMITOMO ELECTRIC INDUSTRIES LTD
14. WD LAB GROWN DIAMONDS
15. ZHENGZHOU SINO-CRYSTAL DIAMOND CO LTD
Read the full report: https://www.reportlinker.com/p06317750/?utm_source=GNW

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