Global Chemical Vapor Deposition (CVD) Diamond Market: Overview
Chemical vapor deposition (CVD) methods are a well-established field for producing a range of synthetic diamonds of varying colors and grain size. Key colors obtained by these methods are brown, yellow, green, blue, clear white, and orange. Engineers and designers have leveraged the methods to unveil CVD diamonds with excellent material properties. The CVD diamond market has seen use in diverse applications notably including medical diagnostics, radiation detection, water treatment, high power electronics, and magnetometry. Further, they have use in novel laser equipment. A wide number of applications comprise non-planar geometries of CVD diamonds. Advances in optics, electronics, and electrochemistry have opened new avenues in the CVD diamond market. In particular, the market has earned sizable revenues from extensive utilization of CVD in electronic and optoelectronic devices.
Global Chemical Vapor Deposition (CVD) Diamond Market: Growth Dynamics
The most compelling factor of CVD diamonds is their low cost relatively to natural diamonds. Over the past few years, manufacturers in the CVD diamond market have been successful in developing CVD diamonds with outstanding properties by improvising on popularly used techniques, such as in microwave plasma assisted and thermal assisted technologies and arc–jet torch method. Many manufacturers are also researching on the viability of new, novel electron emission materials. Proliferating demands in electrochemical application are key to large part of the revenues in the CVD diamond market. Several consumer electronics manufacturers are utilizing the outstanding thermal resistance and conductivity properties.
The growing demand for cost-effective dressing tools for various industries is a key trend augmenting the prospects of the CVD diamond market. These tools are used for variety of abrasive machining processes. New avenues in the market will emerge from reactor scale engineering. Moreover, players are integrating modern experimental measurements, with advanced chemistry of gas mixture activation.
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Global Chemical Vapor Deposition (CVD) Diamond Market: Notable Developments
Over the past few years, the role third-party certification bodies and standards for synthetic diamonds particularly CVD diamonds has become more significant than ever. This has led to the advent of stringent sustainability criteria. The Lab Grown Diamond Council recently announced in early 2019 to retain SCS Global Services (SCS) as a globally recognized third-party certifier. The latter company has developed a process—pilot audits–for auditing and analyzing synthetic diamonds. The independent certification standard for CVD diamonds will help delineate product sustainability claims. The sustainability performance they have developed will be based on several criteria. The various criteria will be reviewed multi-stakeholder process.
Such advancements in certifying sustainability will give a robust impetus to demands in the CVD diamonds market. This will also help in boosting business-to-business (B2B) sustainability claims to distribution and retail customers. Companies who are participating in such pilot audits are able to develop CVD diamonds with wide range of metrics.
Some of the prominent players who hold sizable stakes in the CVD diamond market are Morgan Advanced Materials Plc, sp3 Diamond Technologies, Inc., Advanced Diamond Technologies, Inc., Sumitomo Electric Industries, Ltd., Anglo American plc, Diamond Materials GmbH, and Scio Diamond Technology Corp.
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Global Chemical Vapor Deposition (CVD) Diamond Market: Regional Outlook
Some of the key regions in the CVD market are North America, Europe, Asia Pacific, South America, and Middle East & Africa. Of these, Asia Pacific has shown extraordinary potential owing to the rising utilization of CVD diamonds in electronics product packaging industry. They are being used as diamond-based heat spreaders. Profuse demands in the packaging industry in the key economies of Asia Pacific have also expanded the potential of the CVD diamond market considerably.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
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