NORTH AMERICA SYNTHETIC DIAMONDS MARKET 2022-2028

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The booming industrial sector in the region is driving the market’s growth

SKU: TR-281-2022 Category: Tag:

Description

MARKET OUTLOOK

According to this report, the North America market for synthetic diamonds is anticipated to grow at a CAGR of 8.29% during the forecast period 2022-2028. The countries considered the market in this region include Canada and the United States.
North America is one of the leading regions in the synthetic diamonds market owing to the rapid industrial growth, such as rising construction and mining activities blooming the automobile and aerospace sector. Furthermore, most millennials and Gen-Zs prefer synthetic diamond jewelry for casual and special occasions, which has increased the market demand in the region.
The United States has a competitive advantage in a number of areas, including microelectronics, telecommunications, instrumentation, biotechnology, and software development. These areas are critical to the medical device industry. Furthermore, synthetic diamonds are mostly used in the oil and gas industry for exploration and drilling. They find their application in drill bits, gauge cutters, PCD discs, thermal detectors, shaped synthetic diamond inserts, etc. The rising demand for machine and cutting tools in the industry is anticipated to drive the market in the country. Additionally, the country produces 10% to 15% of the world’s total synthetic diamonds for jewelry, accounting for roughly 80% of the world’s consumption. Thus, the abovementioned factors are anticipated to propel the market’s growth throughout the forecasted period.

COMPETITIVE OUTLOOK

Applied Diamond Inc, Brilliant Earth LLC, New Diamond Technology LLC, Heyaru Engineering NV, Soham Industrial Diamonds, Iljin Diamond Co Ltd, and Asahi Diamond Industrial Co Ltd are the established players in the synthetic diamonds market.

TABLE OF CONTENTS

1. NORTH AMERICA 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. NORTH AMERICA SYNTHETIC DIAMONDS MARKET OUTLOOK – BY COLORATION
3.1. COLORED
3.2. COLORLESS
4. NORTH AMERICA SYNTHETIC DIAMONDS MARKET OUTLOOK – BY MANUFACTURING METHOD
4.1. HIGH PRESSURE-HIGH TEMPERATURE (HPHT)
4.2. CHEMICAL VAPOR DEPOSITION (CVD)
5. NORTH AMERICA 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. NORTH AMERICA SYNTHETIC DIAMONDS MARKET OUTLOOK – BY SALES CHANNEL
6.1. ONLINE SALES CHANNELS
6.2. OFFLINE SALES CHANNELS
7. NORTH AMERICA SYNTHETIC DIAMONDS MARKET – COUNTRY OUTLOOK
7.1. UNITED STATES
7.2. CANADA
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: NORTH AMERICA 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: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY COLORATION, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY MANUFACTURING METHOD, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY SALES CHANNELS, 2022-2028 (IN $ MILLION)

LIST OF FIGURES

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

Additional information

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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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