MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET 2022-2028

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The rising consumer demand for synthetic diamond jewelry and electronics will create new avenues for the market in this region

SKU: TR-280-2022 Category: Tag:

Description

MARKET OUTLOOK

As per a report Market Research, the Middle East and Africa synthetic diamonds market is expected to progress at a CAGR of 7.73% during the forecasting period 2022-2028. The countries studied across this region include Saudi Arabia, Israel, South Africa, the United Arab Emirates, and Rest of Middle East & Africa.
In Israel, with increasing prices and decreasing supply of natural diamonds, the demand for synthetic diamonds rises. In 2022, Lusix received its first investment of $45 million from Ragnar and More Investment House. The investment was to help the company accelerate its development, fueled by strong demand for premium lab-grown diamonds. In the country, consumer spending patterns on stones are changing generationally, with eco-friendly stones attracting new consumers and interest from multiple generations. Thus, the aforementioned factors are anticipated to increase the demand for synthetic diamonds in the country.
The growth potential for South Africa’s electronics market is high, with quality products, supportive plans by the government or the FDI and increased production demand. The electronics market will grow at a moderately lower rate during the forecast period. However, the market is expected to have a bright future, that is anticipated to boost investments and steadily increase consumer demand. As a result, the country’s synthetic diamonds market is expected to propel over the forecast period, owing to their use in the electronics industry.

COMPETITIVE OUTLOOK

The established players in the synthetic diamonds market include Applied Diamond Inc, Henan Huanghe Whirlwind Co Ltd, Labgems, Soham Industrial Diamonds, Element Six, Henan Liliang Diamond Co Ltd, and Engis Corporation.

TABLE OF CONTENTS

1. MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE SYNTHETIC DIAMONDS MARKET
2.2. KEY INSIGHTS
2.2.1. RISING INDUSTRIAL DEMAND FOR SYNTHETIC DIAMONDS
2.2.2. USAGE OF SYNTHETIC DIAMONDS IN MEDICAL EQUIPMENT
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTES
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. KEY BUYING IMPACT ANALYSIS
2.5. MARKET ATTRACTIVENESS INDEX
2.6. VENDOR SCORECARD
2.7. INDUSTRY COMPONENTS
2.8. KEY MARKET STRATEGIES
2.8.1. PRODUCT LAUNCHES
2.8.2. COLLABORATIONS
2.8.3. ACQUISITIONS
2.9. MARKET DRIVERS
2.9.1. RISING DEMAND AND LESS PRODUCTION TIME
2.9.2. CHEAPER ALTERNATIVE TO EARTH-MINED DIAMONDS
2.10. MARKET CHALLENGES
2.10.1. HIGH COST OF PROCESSING SYNTHETIC DIAMONDS
2.10.2. DWINDLING RESALE VALUE OF SYNTHETIC DIAMONDS
2.11. MARKET OPPORTUNITIES
2.11.1. EMERGING USE IN NEXT-GEN QUANTUM SENSING SYSTEMS
2.11.2. APPLICATION OF SYNTHETIC DIAMONDS IN THE DEFENSE SECTOR
3. MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET OUTLOOK – BY COLORATION
3.1. COLORED
3.2. COLORLESS
4. MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET OUTLOOK – BY MANUFACTURING METHOD
4.1. HIGH PRESSURE-HIGH TEMPERATURE (HPHT)
4.2. CHEMICAL VAPOR DEPOSITION (CVD)
5. MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET OUTLOOK – BY INDUSTRY VERTICAL
5.1. CONSTRUCTION
5.2. MINING
5.3. OIL & GAS
5.4. ELECTRONICS
5.5. HEALTHCARE
5.6. JEWELRY
5.7. OTHER INDUSTRY VERTICALS
6. MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET OUTLOOK – BY SALES CHANNEL
6.1. ONLINE SALES CHANNELS
6.2. OFFLINE SALES CHANNELS
7. MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET – COUNTRY OUTLOOK
7.1. UNITED ARAB EMIRATES
7.2. SAUDI ARABIA
7.3. ISRAEL
7.4. SOUTH AFRICA
7.5. REST OF MIDDLE EAST & AFRICA
8. COMPETITIVE LANDSCAPE
8.1. APPLIED DIAMOND INC
8.2. ILJIN DIAMOND CO LTD
8.3. LABGEMS
8.4. BRILLIANT EARTH LLC
8.5. ELEMENT SIX
8.6. ASAHI DIAMOND INDUSTRIAL CO LTD
8.7. NEW DIAMOND TECHNOLOGY LLC
8.8. ZHENGZHOU SINO-CRYSTAL DIAMOND CO LTD
8.9. ENGIS CORPORATION
8.10. HEYARU ENGINEERING NV
8.11. HENAN LILIANG DIAMOND CO LTD
8.12. WD LAB GROWN DIAMONDS
8.13. SOHAM INDUSTRIAL DIAMONDS
8.14. SUMITOMO ELECTRIC INDUSTRIES LTD
8.15. HENAN HUANGHE WHIRLWIND CO LTD
9. RESEARCH METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY

LIST OF TABLES

TABLE 1: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF PRODUCT LAUNCHES
TABLE 4: LIST OF COLLABORATIONS
TABLE 5: LIST OF ACQUISITIONS
TABLE 6: DIFFERENCE BETWEEN NATURAL AND SYNTHETIC DIAMONDS
TABLE 7: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 8: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY COLORATION, 2022-2028 (IN $ MILLION)
TABLE 9: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY MANUFACTURING METHOD, 2022-2028 (IN $ MILLION)
TABLE 10: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 11: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY SALES CHANNEL, 2022-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: KEY BUYING IMPACT ANALYSIS
FIGURE 2: MARKET ATTRACTIVENESS INDEX
FIGURE 3: INDUSTRY COMPONENTS
FIGURE 4: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY COLORATION, 2021 & 2028 (IN %)
FIGURE 5: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY COLORED, 2022-2028 (IN $ MILLION)
FIGURE 6: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY COLORLESS, 2022-2028 (IN $ MILLION)
FIGURE 7: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY MANUFACTURING METHOD, 2021 & 2028 (IN %)
FIGURE 8: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY HIGH PRESSURE-HIGH TEMPERATURE (HPHT), 2022-2028 (IN $ MILLION)
FIGURE 9: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY CHEMICAL VAPOR DEPOSITION (CVD), 2022-2028 (IN $ MILLION)
FIGURE 10: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)
FIGURE 11: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY CONSTRUCTION, 2022-2028 (IN $ MILLION)
FIGURE 12: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY MINING, 2022-2028 (IN $ MILLION)
FIGURE 13: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY OIL & GAS, 2022-2028 (IN $ MILLION)
FIGURE 14: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY ELECTRONICS, 2022-2028 (IN $ MILLION)
FIGURE 15: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 16: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY JEWELRY, 2022-2028 (IN $ MILLION)
FIGURE 17: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE 18: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY SALES CHANNEL, 2021 & 2028 (IN %)
FIGURE 19: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY ONLINE SALES CHANNELS, 2022-2028 (IN $ MILLION)
FIGURE 20: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, BY OFFLINE SALES CHANNELS, 2022-2028 (IN $ MILLION)
FIGURE 21: MIDDLE EAST AND AFRICA SYNTHETIC DIAMONDS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 22: UNITED ARAB EMIRATES SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: SAUDI ARABIA SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: ISRAEL SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: SOUTH AFRICA SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: REST OF MIDDLE EAST & AFRICA SYNTHETIC DIAMONDS MARKET 2022-2028 (IN $ MILLION)

Additional information

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Date Published

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Companies Mentioned

1. APPLIED DIAMOND INC
2. ILJIN DIAMOND CO LTD
3. LABGEMS
4. BRILLIANT EARTH LLC
5. ELEMENT SIX
6. ASAHI DIAMOND INDUSTRIAL CO LTD
7. NEW DIAMOND TECHNOLOGY LLC
8. ZHENGZHOU SINO-CRYSTAL DIAMOND CO LTD
9. ENGIS CORPORATION
10. HEYARU ENGINEERING NV
11. HENAN LILIANG DIAMOND CO LTD
12. WD LAB GROWN DIAMONDS
13. SOHAM INDUSTRIAL DIAMONDS
14. SUMITOMO ELECTRIC INDUSTRIES LTD
15. HENAN HUANGHE WHIRLWIND CO LTD

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