Market Overview:
The global lab-grown diamonds market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to various factors such as the increasing demand for diamond jewelry, technological advancements in lab-grown diamonds, and rising awareness about lab-grown diamonds. The global lab-grown diamonds market is segmented on the basis of type into CVD (chemical vapor deposition) and HTHP (high temperature high pressure) diamonds. The CVD diamond segment is expected to hold a major share of the global lab-grown diamonds market during the forecast period owing to its low cost and higher quality as compared to other types of synthetic diamonds. The HTHP diamond segment is projected to grow at a higher rate than the CVD diamond segment during the forecast period due to its superior quality as compared to other types of synthetic diamonds. On the basis of application,the global laboratory grown Diamonds Market can be divided into machine tools and tools, thermal application, electrochemical applications, gem segments, and others segments . Among these applications ,machine tools an dtools held largest share in 2017and it will continue this trend over next few years because growing demand for better finish products across different industries .Thermal applicationis projectedto witness highest growth rate over next few years due mainlyto increase useof lasersin manufacturing processsespecially medical field .
Product Definition:
Lab-grown diamonds are diamonds that have been created in a laboratory, as opposed to being mined from the earth. Lab-grown diamonds are identical to natural diamonds in nearly every way, including their chemical and physical properties. The only difference is that lab-grown diamonds are not found in nature.
Lab-grown diamonds have several advantages over natural diamonds. They are cheaper than natural diamonds, because they require less processing. They also emit fewer greenhouse gases than natural diamond mining operations, making them more environmentally friendly. Finally, lab-grown diamonds can be customized to fit the buyer's specifications, whereas natural stones must be chosen from among those that are available on the market.
CVD Diamonds:
The global CVD diamonds market size was valued at USD 1.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to the increasing demand for lab-grown diamond (LD) from various end-use industries such as industrial, jewelry, and electronics among others.
HTHP Diamonds:
HTHP (Hybrid Thermally-Stable Polymer) Diamonds are a type of lab grown diamonds that combine the properties of both natural and synthetic diamonds. They have high thermal stability, can be easily synthesized at lower cost, and possess superior mechanical properties when compared to CVD or Chemical Vapor Deposition (CVD) produced diamonds.
Application Insights:
The machine tools and tools application segment led the global lab-grown diamonds market in 2017. This growth can be attributed to increasing demand for industrial machinery and equipment across various industries, such as construction, automotive, mining and metal processing. In addition, the use of lab-grown diamonds in drills bit manufacturing is expected to drive industry growth over the forecast period.
Electrochemical applications are projected to witness significant growth over the coming years owing to rising product utilization in batteries; however, high production costs may hinder market penetration. The gem segment is also likely to witness considerable gains owing to increased consumer spending on jewelry; however diamond mines remain a more economical source of supply for this precious stone than any other place on earth which will limit its demand as an investment gemstone over the coming years.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to maintain its lead throughout the forecast period owing to high demand from industries including aerospace, automotive, construction and manufacturing. In addition, increasing R&D activities by various companies are likely to propel product demand in North America over the next eight years.
Asia Pacific lab-grown diamonds market is anticipated to witness significant growth during the forecast period due to rising disposable income coupled with rapid industrialization and urbanization across emerging economies such as China and India. Growing population along with increased spending on luxury goods is also projecteded driving regional market growth over the coming years.
Growth Factors:
- Increasing demand from the jewelry industry: The global jewelry market is expected to grow at a CAGR of 5.8% during the forecast period, reaching a value of US$ 302.5 billion by 2025. This is mainly attributed to the increasing disposable income and changing lifestyle of consumers across the globe. Lab-grown diamonds are increasingly becoming popular as an alternative to natural diamonds due to their lower price point and ethical sourcing options
- Rising awareness about lab-grown diamonds: There has been a rise in awareness about lab-grown diamonds in recent years, with more people becoming aware of their benefits over natural diamonds such as environmental friendliness, cost savings, and conflict-free origins
- Technological advancements: The technology used for growing lab-diamonds has been constantly evolving over the years, making them more affordable and accessible to consumers worldwide
- Growing popularity among millennials: Millennials account for nearly half of all diamond purchases globally and are increasingly opting for lab-grown diamonds owing to their sustainable practices and social consciousness
Scope Of The Report
Report Attributes
Report Details
Report Title
Lab-Grown Diamonds Market Research Report
By Type
CVD Diamonds, HTHP Diamonds
By Application
Machine Tools and Tools, Thermal Application, Electrochemical Applications, Gem Segment, Others
By Companies
Element Six, Sandvik Hyperion, ILJIN Diamond, Zhongnan Diamond, HUANGHE WHIRLWIND, Sino-crystal Diamond, JINQU, CR GEMS, HongJing, SF-Diamond, Yalong, Sumitomo Electric, Advanced Diamond Technologies, EDP Corporation, BetterThanDiamond, IIa Technologies, Morgan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Lab-Grown Diamonds Market Report Segments:
The global Lab-Grown Diamonds market is segmented on the basis of:
Types
CVD Diamonds, HTHP Diamonds
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machine Tools and Tools, Thermal Application, Electrochemical Applications, Gem Segment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Element Six
- Sandvik Hyperion
- ILJIN Diamond
- Zhongnan Diamond
- HUANGHE WHIRLWIND
- Sino-crystal Diamond
- JINQU
- CR GEMS
- HongJing
- SF-Diamond
- Yalong
- Sumitomo Electric
- Advanced Diamond Technologies
- EDP Corporation
- BetterThanDiamond
- IIa Technologies
- Morgan
Highlights of The Lab-Grown Diamonds Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CVD Diamonds
- HTHP Diamonds
- By Application:
- Machine Tools and Tools
- Thermal Application
- Electrochemical Applications
- Gem Segment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lab-Grown Diamonds Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lab-grown diamonds are diamonds that have been created in a laboratory. They are made from carbon, nitrogen, and other elements that are heated and then forced into a diamond shape.
Some of the major players in the lab-grown diamonds market are Element Six, Sandvik Hyperion, ILJIN Diamond, Zhongnan Diamond, HUANGHE WHIRLWIND, Sino-crystal Diamond, JINQU, CR GEMS, HongJing, SF-Diamond, Yalong, Sumitomo Electric, Advanced Diamond Technologies, EDP Corporation, BetterThanDiamond, IIa Technologies, Morgan.
The lab-grown diamonds market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lab-Grown Diamonds Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lab-Grown Diamonds Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lab-Grown Diamonds Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lab-Grown Diamonds Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lab-Grown Diamonds Market Size & Forecast, 2018-2028
4.5.1 Lab-Grown Diamonds Market Size and Y-o-Y Growth
4.5.2 Lab-Grown Diamonds Market Absolute $ Opportunity
Chapter 5 Global Lab-Grown Diamonds Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lab-Grown Diamonds Market Size Forecast by Type
5.2.1 CVD Diamonds
5.2.2 HTHP Diamonds
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lab-Grown Diamonds Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lab-Grown Diamonds Market Size Forecast by Applications
6.2.1 Machine Tools and Tools
6.2.2 Thermal Application
6.2.3 Electrochemical Applications
6.2.4 Gem Segment
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lab-Grown Diamonds Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lab-Grown Diamonds Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lab-Grown Diamonds Analysis and Forecast
9.1 Introduction
9.2 North America Lab-Grown Diamonds Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lab-Grown Diamonds Market Size Forecast by Type
9.6.1 CVD Diamonds
9.6.2 HTHP Diamonds
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lab-Grown Diamonds Market Size Forecast by Applications
9.10.1 Machine Tools and Tools
9.10.2 Thermal Application
9.10.3 Electrochemical Applications
9.10.4 Gem Segment
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lab-Grown Diamonds Analysis and Forecast
10.1 Introduction
10.2 Europe Lab-Grown Diamonds Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lab-Grown Diamonds Market Size Forecast by Type
10.6.1 CVD Diamonds
10.6.2 HTHP Diamonds
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lab-Grown Diamonds Market Size Forecast by Applications
10.10.1 Machine Tools and Tools
10.10.2 Thermal Application
10.10.3 Electrochemical Applications
10.10.4 Gem Segment
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lab-Grown Diamonds Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lab-Grown Diamonds Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lab-Grown Diamonds Market Size Forecast by Type
11.6.1 CVD Diamonds
11.6.2 HTHP Diamonds
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lab-Grown Diamonds Market Size Forecast by Applications
11.10.1 Machine Tools and Tools
11.10.2 Thermal Application
11.10.3 Electrochemical Applications
11.10.4 Gem Segment
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lab-Grown Diamonds Analysis and Forecast
12.1 Introduction
12.2 Latin America Lab-Grown Diamonds Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lab-Grown Diamonds Market Size Forecast by Type
12.6.1 CVD Diamonds
12.6.2 HTHP Diamonds
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lab-Grown Diamonds Market Size Forecast by Applications
12.10.1 Machine Tools and Tools
12.10.2 Thermal Application
12.10.3 Electrochemical Applications
12.10.4 Gem Segment
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lab-Grown Diamonds Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lab-Grown Diamonds Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lab-Grown Diamonds Market Size Forecast by Type
13.6.1 CVD Diamonds
13.6.2 HTHP Diamonds
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lab-Grown Diamonds Market Size Forecast by Applications
13.10.1 Machine Tools and Tools
13.10.2 Thermal Application
13.10.3 Electrochemical Applications
13.10.4 Gem Segment
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lab-Grown Diamonds Market: Competitive Dashboard
14.2 Global Lab-Grown Diamonds Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Element Six
14.3.2 Sandvik Hyperion
14.3.3 ILJIN Diamond
14.3.4 Zhongnan Diamond
14.3.5 HUANGHE WHIRLWIND
14.3.6 Sino-crystal Diamond
14.3.7 JINQU
14.3.8 CR GEMS
14.3.9 HongJing
14.3.10 SF-Diamond
14.3.11 Yalong
14.3.12 Sumitomo Electric
14.3.13 Advanced Diamond Technologies
14.3.14 EDP Corporation
14.3.15 BetterThanDiamond
14.3.16 IIa Technologies
14.3.17 Morgan
