Global Diamond Coatings Market: Industry Insights, Trends, Demand, Analysis, and Forecasts 2018–2024

Diamond Coatings Market

Industry Overview

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.

Market Segmentation

1)            Insight by Technology

This segment is further divided into two parts:

  1. CVD – Chemical Vapour Deposition
  2. 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:

  1. Metal
  2. Ceramics
  3. Composites
  4. Others

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:

  1. Electronic
  2. Mechanical
  3. Industrial
  4. Medical
  5. Automotive
  6. Others

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.

Industry Dynamics

1)            Growth Drivers

Some of the major factors that influence the growth of diamond coatings industry are the following:

  1. In medical industries — increasing lives of cutting tools
  2. In automotive industries — Corrosion resistance
  3. In electronic industries — High thermal conductivity, high electrical resistivity
  4. In mechanical industries — Superior mechanical properties
  5. Biocompatibility

2)            Challenges

There are various challenges faced by the new and upcoming players in this industry. Some of them include:

  1. Initial High capital investments
  2. Shortage of skilled and qualified workforce
  3. Unavailability of labour
  4. Increased labour cost
  5. Increased overall production costs

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Geographic Overview

Major centres of global diamond cuttings industry throughout the world:

  1. Europe
  2. North America
  3. Asia-Pacific
  4. Middle East and Africa
  5. 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.

Competitive Insight

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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About VynZ Research

VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.

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