Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Monocrystalline Diamond Market by Type (HPHT, CVD, CVD had a market share of 17% in 2018.), By Application (Mechanical Device, Optical Material, Electron Device, Jewelry, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Monocrystalline Diamond Market by Type (HPHT, CVD, CVD had a market share of 17% in 2018.), By Application (Mechanical Device, Optical Material, Electron Device, Jewelry, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 145043 3300 Chemical & Material 377 248 Pages 4.8 (32)

Market Overview:

The global monocrystalline diamond market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market was valued at US$ 2,711.8 Mn in 2018 and is projected to reach US$ 5,521.4 Mn by 2030. The growth of the global monocrystalline diamond market can be attributed to the increasing demand for monocrystalline diamonds from various applications such as mechanical devices, optical materials, electron devices, jewelry and others across the globe. Based on type, HPHT accounted for a majority share of 63% in terms of value in 2018 and is expected to maintain its dominance throughout the forecast period due to its high quality and superior properties as compared with other types of diamonds available in the market.

Global Monocrystalline Diamond Industry Outlook

Product Definition:

A Monocrystalline Diamond is a diamond that has been cut from a single, large diamond crystal. This results in a stone with greater clarity and fire than those cut from smaller crystals. Monocrystalline diamonds are often more expensive than other types of diamonds, but their beauty and rarity make them prized possessions.


High-pressure High-temperature (HPHT) is a method used to produce industrial diamonds. It involves applying high pressure and temperature to accelerate the process of carbon crystallization. The resulting product has properties such as high hardness, specific weight, and low thermal expansion along with other advantages such as ease in cutting and polishing.


Coronavirus Disease (CVD) is a viral disease of the heart, lungs, and Diamond-like substances. It was firstly observed in South Africa in Kimberley during March 2016. The virus spread to other countries from there including U.S., Spain, Italy and France etc.

Application Insights:

The mechanical device segment accounted for the largest market share in 2018. The growing demand for MCD from various industries including automotive, construction, and medical is expected to drive the product demand over the forecast period. Monocrystalline diamond is used as an abrasive in cutting and drilling applications owing to its high hardness, wear resistance, low friction coefficient as compared to other materials such as silicon carbide or aluminum oxide.

The optical material application segment was valued at USD 1.5 million in 2018 and is expected to grow at a CAGR of XX% from 2019 to 2030 during the forecast period owing to increasing use of monocrystalline diamond for manufacturing lenses and mirrors that are used in various end-use industries such as electronics & photonics., lighting., etcetera¢â‚¬â„¢s (Ref: GIA Diamond Grading Report).

Regional Analysis:

Asia Pacific dominated the global monocrystalline diamond market in 2018 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various application segments, including mechanical device, optical material, jewelry and others. In Asia Pacific, China accounted for a major share of revenue generation owing to presence of large number of manufacturers in this country.

The Middle East & Africa is projected to grow at a significant rate over the forecast period owing to increasing investments by foreign players in countries like Saudi Arabia and UAE for establishing new mines as these minerals are easily available here unlike other countries where they have scarcity or high prices.

Growth Factors:

  • Increasing demand from the electronics and semiconductor industry for high-quality diamond substrates is expected to drive the growth of the monocrystalline diamond market during the forecast period.
  • Rising demand for monocrystalline diamonds in optical applications is another key factor that is expected to fuel market growth over the next few years.
  • Growing popularity of monocrystalline diamonds as an abrasive material in various industrial applications is also anticipated to boost market growth in the near future.
  • increasing investments by leading players in R&D activities aimed at developing new and innovative products is likely to propel market expansion over the forecast period. 5) The growing trend of miniaturization across different industries is projected to create lucrative opportunities for players operating in this market during the forecast period

Scope Of The Report

Report Attributes

Report Details

Report Title

Monocrystalline Diamond Market Research Report

By Type

HPHT, CVD, CVD had a market share of 17% in 2018.

By Application

Mechanical Device, Optical Material, Electron Device, Jewelry, Others

By Companies

Element Six, IIa technologies, Sumitomo Electric, Zhengzhou Sino-Crystal, Huanghe Whirlwind, Zhongnan Diamond, Hebei Plasma Diamond, Henan Liliang Diamond, Ningbo Crysdiam, Diamond Elements

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Monocrystalline Diamond Market Report Segments:

The global Monocrystalline Diamond market is segmented on the basis of:


HPHT, CVD, CVD had a market share of 17% in 2018.

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.


Mechanical Device, Optical Material, Electron Device, Jewelry, 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:

  1. Element Six
  2. IIa technologies
  3. Sumitomo Electric
  4. Zhengzhou Sino-Crystal
  5. Huanghe Whirlwind
  6. Zhongnan Diamond
  7. Hebei Plasma Diamond
  8. Henan Liliang Diamond
  9. Ningbo Crysdiam
  10. Diamond Elements

Global Monocrystalline Diamond Market Overview

Highlights of The Monocrystalline Diamond Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. HPHT
    2. CVD
    3. CVD had a market share of 17% in 2018.
  1. By Application:

    1. Mechanical Device
    2. Optical Material
    3. Electron Device
    4. Jewelry
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Monocrystalline Diamond 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

Global Monocrystalline Diamond Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

A monocrystalline diamond is a type of diamond that consists of only one crystal structure. Monocrystalline diamonds are the most common type of diamond and are found in smaller sizes than other types of diamonds. They have a higher hardness and thermal conductivity than other types of diamonds, which makes them ideal for use in industrial applications.

Some of the key players operating in the monocrystalline diamond market are Element Six, IIa technologies, Sumitomo Electric, Zhengzhou Sino-Crystal, Huanghe Whirlwind, Zhongnan Diamond, Hebei Plasma Diamond, Henan Liliang Diamond, Ningbo Crysdiam, Diamond Elements.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Monocrystalline Diamond Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Monocrystalline Diamond Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Monocrystalline Diamond Market - Supply Chain
   4.5. Global Monocrystalline Diamond Market Forecast
      4.5.1. Monocrystalline Diamond Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Monocrystalline Diamond Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Monocrystalline Diamond Market Absolute $ Opportunity

5. Global Monocrystalline Diamond Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Monocrystalline Diamond Market Size and Volume Forecast by Type
      5.3.1. HPHT
      5.3.2. CVD
      5.3.3. CVD had a market share of 17% in 2018.
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Monocrystalline Diamond Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Monocrystalline Diamond Market Size and Volume Forecast by Application
      6.3.1. Mechanical Device
      6.3.2. Optical Material
      6.3.3. Electron Device
      6.3.4. Jewelry
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Monocrystalline Diamond Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Monocrystalline Diamond Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Monocrystalline Diamond Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Monocrystalline Diamond Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Monocrystalline Diamond Demand Share Forecast, 2019-2026

9. North America Monocrystalline Diamond Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Monocrystalline Diamond Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Monocrystalline Diamond Market Size and Volume Forecast by Application
      9.4.1. Mechanical Device
      9.4.2. Optical Material
      9.4.3. Electron Device
      9.4.4. Jewelry
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Monocrystalline Diamond Market Size and Volume Forecast by Type
      9.7.1. HPHT
      9.7.2. CVD
      9.7.3. CVD had a market share of 17% in 2018.
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Monocrystalline Diamond Demand Share Forecast, 2019-2026

10. Latin America Monocrystalline Diamond Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Monocrystalline Diamond Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Monocrystalline Diamond Market Size and Volume Forecast by Application
      10.4.1. Mechanical Device
      10.4.2. Optical Material
      10.4.3. Electron Device
      10.4.4. Jewelry
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Monocrystalline Diamond Market Size and Volume Forecast by Type
      10.7.1. HPHT
      10.7.2. CVD
      10.7.3. CVD had a market share of 17% in 2018.
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Monocrystalline Diamond Demand Share Forecast, 2019-2026

11. Europe Monocrystalline Diamond Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Monocrystalline Diamond Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Monocrystalline Diamond Market Size and Volume Forecast by Application
      11.4.1. Mechanical Device
      11.4.2. Optical Material
      11.4.3. Electron Device
      11.4.4. Jewelry
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Monocrystalline Diamond Market Size and Volume Forecast by Type
      11.7.1. HPHT
      11.7.2. CVD
      11.7.3. CVD had a market share of 17% in 2018.
   11.8. Basis Poin Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Monocrystalline Diamond Demand Share, 2019-2026

12. Asia Pacific Monocrystalline Diamond Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Monocrystalline Diamond Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Monocrystalline Diamond Market Size and Volume Forecast by Application
      12.4.1. Mechanical Device
      12.4.2. Optical Material
      12.4.3. Electron Device
      12.4.4. Jewelry
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Monocrystalline Diamond Market Size and Volume Forecast by Type
      12.7.1. HPHT
      12.7.2. CVD
      12.7.3. CVD had a market share of 17% in 2018.
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Monocrystalline Diamond Demand Share, 2019-2026

13. Middle East & Africa Monocrystalline Diamond Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Monocrystalline Diamond Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Monocrystalline Diamond Market Size and Volume Forecast by Application
      13.4.1. Mechanical Device
      13.4.2. Optical Material
      13.4.3. Electron Device
      13.4.4. Jewelry
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Monocrystalline Diamond Market Size and Volume Forecast by Type
      13.7.1. HPHT
      13.7.2. CVD
      13.7.3. CVD had a market share of 17% in 2018.
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Monocrystalline Diamond Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Monocrystalline Diamond Market: Market Share Analysis
   14.2. Monocrystalline Diamond Distributors and Customers
   14.3. Monocrystalline Diamond Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Element Six Overview Financials Developments Strategic Outlook
      14.4.2. IIa technologies Overview Financials Developments Strategic Outlook
      14.4.3. Sumitomo Electric Overview Financials Developments Strategic Outlook
      14.4.4. Zhengzhou Sino-Crystal Overview Financials Developments Strategic Outlook
      14.4.5. Huanghe Whirlwind Overview Financials Developments Strategic Outlook
      14.4.6. Zhongnan Diamond Overview Financials Developments Strategic Outlook
      14.4.7. Hebei Plasma Diamond Overview Financials Developments Strategic Outlook
      14.4.8. Henan Liliang Diamond Overview Financials Developments Strategic Outlook
      14.4.9. Ningbo Crysdiam Overview Financials Developments Strategic Outlook
      14.4.10. Diamond Elements Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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