15-10-2021
Market intelligence company Transparency Market Research (TMR) forecast the global synthetic diamond market will expand seven percent to US$34.3 billion by 2027.
The research attributes the surging demand for synthetic diamond to having identical properties of natural diamond. Apart from demand for end-use industries such as jewellery. The increasing product use in the computer chip manufacturing presumably boosts the growth. More and more countries are pouring money in R&D of synthetic diamond production is viewed as a potential fuel to the market expansion.
Currently, the key players in the global synthetic diamond market are De Beers’ Element Six, United States-based Applied Diamond, Sweden’s Sandvik AB, Russia’s New Diamond Technology, South Korea headquartered ILJIN, Heyaru from Belgium as well as Henan Huanghe Whirlwind and Zhengzho, which both from China.
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