The global diamond coatings market is primarily driven by factors such as its superior properties — mechanical and chemical, corrosion resistance, biocompatibility, and others. This industry has been seeing significant growth in medical, electronic, mechanical, as well as automotive sectors.
1) Insight by Technology
This segment is further divided into two parts:
- CVD – Chemical Vapour Deposition
- PVD – Physical Vapour Deposition
The chemical vapour deposition dominated the market, attributing to its usage in material processing technology. The growth driving factors in this segment are the low-cost advantages as well as the usage in end-user industries for thin film deposition.
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2) Insight by Substrate
Sub-parts of this segment include:
Among all these, the metal segment is expected to dictate the market in the coming years. Different types of metals can be enriched by these coatings such as steel, aluminium, copper, brass, and others. It provides outstanding wear life and enhanced steadfastness and is also a cost-effective method. Other advantages of using these coatings include hardening of the surface, increasing thermal conductivity, acting as protective film, reducing friction coefficient, etc.
3) Insight by End-User
Following are the sub-divisions of this segment:
The electronics segment is projected to hold the largest market share during the forecast period. The areas of application of these coatings in electronics industry include optical windows, heat sinks, electrical components, wear parts, and prosthetics among others. The advantages of these coatings in this segment include adaptability, strength, and long life of super abrasives, etc., attributing to their superior properties in thermal conductivity, electrical resistivity.
1) Growth Drivers
Some of the major factors that influence the growth of diamond coatings industry are the following:
- In medical industries — increasing lives of cutting tools
- In automotive industries — Corrosion resistance
- In electronic industries — High thermal conductivity, high electrical resistivity
- In mechanical industries — Superior mechanical properties
There are various challenges faced by the new and upcoming players in this industry. Some of them include:
- Initial High capital investments
- Shortage of skilled and qualified workforce
- Unavailability of labour
- Increased labour cost
- Increased overall production costs
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Major centres of global diamond cuttings industry throughout the world:
- North America
- Middle East and Africa
- Latin America
Asia-Pacific region is expected to grow the fastest during the forecast period due to various factors including the increased global foreign investments accredited to the growing economies in this region, easy availability of cheap labour, as well as the easy availability of raw materials.
Key players operating in the diamond coatings market are Oerlikon (Switzerland), NeoCoat SA(Switzerland), Crystallume(US), D-Coat GmbH(Germany), Element Six(London), sp3 Diamond Technologies(US), Blue Wave Semiconductors(US), Advanced Diamond Technologies, Inc.(US), Diamond Product Solutions(Netherlands), and JCS Technologies(Singapore).
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