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Global Diamond Coating Market Insight 2021-12-29 Comments

The diamond coating is forecast to continuously rise over the next four years. According to the World Knowledge Information (WKI) “Global Diamond Coating Professional Survey Report 2021, Forecast to 2026”, Due to the growing market in Europe and North America, the demand for diamond-coated medical devices, metal cutting tools, machinery and electronic equipment continues to grow.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 7.75% base on WKI regression analysis model.

Analysts’ Viewpoint:

“The focus of diamond coating should not only be on high hardness and strength,” said Selena, Senior analyst, Chemical & Material Market Research Center in WKI. “Industry participants of diamond coating must consider advanced technology and versatility to adapt to the rapid development of the market.”

Market insight:

The growing demand for diamond-coated medical devices, metal cutting tools, machinery and electronic equipment is driving the development of the diamond coating market. Diamond is an ideal element because of its high hardness and strength, as well as low friction coefficient and chemical stability. Diamond coating is obtained using advanced surface engineering techniques (such as CVD and PVD), and has been increasingly studied in cutting tool applications. Diamond tools have great potential in many machining applications. Used to manufacture cutting tools with complex shapes, such as drill bits. The use of diamond coating extends the service life of tools and equipment. This increases the use of components that are lightweight, durable, and of great interest to end users.

The diamond coating process requires a lot of capital investment. Processing technologies are capital intensive​​ and the equipment used in these coating technologies requires special operating conditions, such as high temperatures and controlled vacuum. This limits the development of the diamond coating market.

Competition Landscape:

The diamond coating market is partially consolidated in nature.Some key players of the market studied include NeoCoat SA, Element Six (UK) Ltd, SP3 Diamond Tech, United Protective Technologies LLC, OC Oerlikon Management AG and others.

Segmentation of Diamond Coating Market:

According to the type of process, the diamond coating market can be subdivided into CVD (chemical vapor deposition) and PVD (physical vapor deposition) types. CVD diamond coating accounts for the largest market size. In the CVD process, diamond is vapor-deposited from carbon, so it can coat large areas and curved surfaces, and is suitable for a variety of products, especially for automotive, aerospace and industrial manufacturers. The wide range of product availability has promoted the growth of this market segment. In addition, during the CVD process, as long as the diamond deposit is thick enough, it can become an independent part, which can be cut and finished to the required size and shape. For example, cutting tools can be widely used in the manufacture of various auto parts, which will stimulate the demand of market segments. From the perspective of substrates, the diamond coating market can be divided into composite substrates, metal substrates and ceramic substrates. Among them, the diamond coating market can be divided into composite substrates, metal substrates and ceramic substrates. Metal substrates are a major part of the global market in 2020. It is expected to continue to dominate during the forecast period. Steel is a major metal used to make various parts for different industrial applications. This is a key factor driving the demand for diamond coatings.

Diamond Coating Market: Regional Analysis

In terms of geography, the global diamond coating market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia-Pacific region has become the fastest growing diamond coating market, which is benefited from its growing terminal industry, growing domestic demand and income level. Due to the availability of cheap labor and economically easy raw materials, there is a large number of foreign investments, which also promotes market growth in the region.The diamond coating is widely used in consumer electronics due to their high thermal conductivity, strength, resistivity, and China leads the production of electronic products in the global market. And the continuous development of the Asia-Pacific region further increases the demand for diamond coated medical devices and equipment, which is expected to promote the market research in the region.

 

Cagr: 7.75%
Largest share area:Asia-Pacific
Largest share country:China