Global Single Crystal Diamond Are Expected To Grow At A CAGR Of 4.65% From 1243.76 Million USD In 2018
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Single crystal diamond is one type of synthetic diamond which is also known as an artificial diamond, cultured diamond, or cultivated diamond. Single crystal diamond is also widely known as HPHT diamond or CVD diamond after the two common production methods (referring to the high-pressure high-temperature and chemical vapor deposition crystal formation methods, respectively). It is wide used in cutting tools, wheel dressing, specialty knives, burnishing tools, wear parts and other wide range of high technology application such as optical, electronic and certain mechanical applications.
The Single Crystal Diamond are expected to grow at a CAGR of 4.65% from 1243.76 million USD in 2018 to reach 1710.67 million USD by 2025 in global market. The Single Crystal Diamond market is very concerted market; the revenue of top seven manufacturers accounts about 25% of the total revenue in 2018.
The leading manufactures mainly are Zhongnan Diamond, Huanghe Whirlwind, Element Six and Zhengzhou Sino-Crystal. Zhongnan Diamond is the largest manufacturer; its revenue of global market exceeds 23% in 2018.
There are mainly two type product of Single Crystal Diamond market: HPHT and CVD.
Geographically, the global Single Crystal Diamond market has been segmented into North America, Europe, China, Asia (Ex China) and RoW. China held the largest share in the global market, its revenue of global market exceeds 68% in 2018.