Market Overview:
The global polycrystalline diamond compact market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for polycrystalline diamond compact in various applications such as wire drawing, oil and gas, machining, hardrock mining and others. In terms of type, the color segment is expected to witness highest growth during the forecast period owing to its properties such as hardness and thermal conductivity. North America is estimated to hold dominant position in global polycrystalline diamond compact market followed by Europe due high adoption rate of these products in various industrial applications.
Product Definition:
A polycrystalline diamond compact (PDC) is a cutting tool made from multiple small diamonds that are sintered together. PDCs are used in drilling and mining applications to cut through hard materials.
Color:
The global color, it's usage and growth factor in polycrystalline diamond compact market size was valued at USD 11.5 million in 2016. The increasing demand for industrial diamonds is expected to propel the industry growth over the forecast period. Polycrystalline Diamond (PCD) is a type of synthetic mineral that possesses similar physical and chemical properties as to natural diamond; however, it can be manufactured using different processes as compared to those used for natural diamonds.
Transparent:
Transparent is a new technology that allows light to pass through the polycrystalline diamond compact. It helps in increasing the efficiency of light transmission and collection, thus improving the performance of solar panels. Transparent also helps in reducing manufacturing cost and weight which further improves its marketability.
The global transparent market size was valued at USD 2,867 million in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2024.
Application Insights:
The machining application segment led the global market and accounted for more than 30.0% share of the overall revenue in 2017. The use of polycrystalline diamond products in cutting applications such as metal cutting blades, grinding wheels, drilling equipment, and others has resulted in high product demand globally.
Wire drawing is expected to be one of the fastest-growing applications over the forecast period owing to increasing demand from construction industry across various regions including Middle East & Africa and Asia Pacific. In addition, growing infrastructure spending across developed economies such as U.S., Germany, China Japan is likely to boost product consumption for wire drawing applications over next few years. Increasing exploration activities for new sources of minerals particularly hardrock mining are anticipated to augment industry growth over forecast period thereby driving Wire Drawing segment growth during future years too.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from end-use industries such as aerospace, automotive, construction, electronics and others. In addition, increasing foreign investments coupled with favorable government policies are anticipated to drive regional market growth over the forecast period.
The growing manufacturing sector in China owing to its massive domestic demand along with low production cost has attracted numerous international manufacturers including Toyota Tsusho (51% owned by Toyota Motor Corporation), Toshiba Corporation (49% owned by Toshiba Holdings), Mitsubishi Materials Corp., Nippon Steel & Sumitomo Metal Corp., among many others who have set up their manufacturing facilities in China owing to lower production costs coupled with easy availability of raw materials at a cheaper price compared to other regions globally.
Growth Factors:
- Increasing demand for polycrystalline diamond compact from the automotive and aerospace industries due to its superior wear resistance and hardness properties.
- Rising demand for polycrystalline diamond compact in the medical industry as a result of its ability to cut through hard tissues with minimal damage.
- Growing popularity of polycrystalline diamond compact among jewelry makers and other craftspeople owing to its unique appearance and durability.
- increasing research & development investments by manufacturers to develop new applications for polycrystalline diamond compact in various end-use industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Polycrystalline Diamond Compact Market Research Report
By Type
Color, Transparent
By Application
Wire Drawing, Oil and Gas, Machining, Hardrock Mining, Others
By Companies
De Beers, Sandvik Hyperion, ILJIN Diamond, Zhongnan Diamond, HUANGHE WHIRLWIND, Sino-crystal Diamond, CR GEMS, SF Diamond, Henan Yalong Diamond, Logan Oil Tools, Grant Prideco
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Polycrystalline Diamond Compact Market Report Segments:
The global Polycrystalline Diamond Compact market is segmented on the basis of:
Types
Color, Transparent
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
Wire Drawing, Oil and Gas, Machining, Hardrock Mining, 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:
- De Beers
- Sandvik Hyperion
- ILJIN Diamond
- Zhongnan Diamond
- HUANGHE WHIRLWIND
- Sino-crystal Diamond
- CR GEMS
- SF Diamond
- Henan Yalong Diamond
- Logan Oil Tools
- Grant Prideco
Highlights of The Polycrystalline Diamond Compact 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:
- Color
- Transparent
- By Application:
- Wire Drawing
- Oil and Gas
- Machining
- Hardrock Mining
- 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 Polycrystalline Diamond Compact 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Polycrystalline Diamond Compact is a type of diamond that is made up of many small diamonds. This makes the diamond more affordable and easier to work with, as it does not require as much time and energy to cut and polish.
Some of the major players in the polycrystalline diamond compact market are De Beers, Sandvik Hyperion, ILJIN Diamond, Zhongnan Diamond, HUANGHE WHIRLWIND, Sino-crystal Diamond, CR GEMS, SF Diamond, Henan Yalong Diamond, Logan Oil Tools, Grant Prideco.
The polycrystalline diamond compact market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polycrystalline Diamond Compact 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 Polycrystalline Diamond Compact Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polycrystalline Diamond Compact 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 Polycrystalline Diamond Compact 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 Polycrystalline Diamond Compact Market Size & Forecast, 2018-2028
4.5.1 Polycrystalline Diamond Compact Market Size and Y-o-Y Growth
4.5.2 Polycrystalline Diamond Compact Market Absolute $ Opportunity
Chapter 5 Global Polycrystalline Diamond Compact 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 Polycrystalline Diamond Compact Market Size Forecast by Type
5.2.1 Color
5.2.2 Transparent
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polycrystalline Diamond Compact 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 Polycrystalline Diamond Compact Market Size Forecast by Applications
6.2.1 Wire Drawing
6.2.2 Oil and Gas
6.2.3 Machining
6.2.4 Hardrock Mining
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polycrystalline Diamond Compact 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 Polycrystalline Diamond Compact 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 Polycrystalline Diamond Compact Analysis and Forecast
9.1 Introduction
9.2 North America Polycrystalline Diamond Compact 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 Polycrystalline Diamond Compact Market Size Forecast by Type
9.6.1 Color
9.6.2 Transparent
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 Polycrystalline Diamond Compact Market Size Forecast by Applications
9.10.1 Wire Drawing
9.10.2 Oil and Gas
9.10.3 Machining
9.10.4 Hardrock Mining
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 Polycrystalline Diamond Compact Analysis and Forecast
10.1 Introduction
10.2 Europe Polycrystalline Diamond Compact 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 Polycrystalline Diamond Compact Market Size Forecast by Type
10.6.1 Color
10.6.2 Transparent
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 Polycrystalline Diamond Compact Market Size Forecast by Applications
10.10.1 Wire Drawing
10.10.2 Oil and Gas
10.10.3 Machining
10.10.4 Hardrock Mining
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 Polycrystalline Diamond Compact Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polycrystalline Diamond Compact 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 Polycrystalline Diamond Compact Market Size Forecast by Type
11.6.1 Color
11.6.2 Transparent
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 Polycrystalline Diamond Compact Market Size Forecast by Applications
11.10.1 Wire Drawing
11.10.2 Oil and Gas
11.10.3 Machining
11.10.4 Hardrock Mining
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 Polycrystalline Diamond Compact Analysis and Forecast
12.1 Introduction
12.2 Latin America Polycrystalline Diamond Compact 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 Polycrystalline Diamond Compact Market Size Forecast by Type
12.6.1 Color
12.6.2 Transparent
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 Polycrystalline Diamond Compact Market Size Forecast by Applications
12.10.1 Wire Drawing
12.10.2 Oil and Gas
12.10.3 Machining
12.10.4 Hardrock Mining
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) Polycrystalline Diamond Compact Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polycrystalline Diamond Compact 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) Polycrystalline Diamond Compact Market Size Forecast by Type
13.6.1 Color
13.6.2 Transparent
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) Polycrystalline Diamond Compact Market Size Forecast by Applications
13.10.1 Wire Drawing
13.10.2 Oil and Gas
13.10.3 Machining
13.10.4 Hardrock Mining
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 Polycrystalline Diamond Compact Market: Competitive Dashboard
14.2 Global Polycrystalline Diamond Compact Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 De Beers
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 CR GEMS
14.3.8 SF Diamond
14.3.9 Henan Yalong Diamond
14.3.10 Logan Oil Tools
14.3.11 Grant Prideco
