APAC to Dominate Diamond Coatings Market through 2025
According
to TechSci Research report, “Global
Diamond
Coatings Market By Technology (Chemical Vapor Deposition
Vs Physical Vapor Deposition), By Substrate (Metal, Ceramic, Composite, Others),
By End Use (Electronics, Mechanical, Industrial. Medical, Automotive,
Others), By Region, Forecast & Opportunities, 2025”, global
diamond coatings market is expected to witness robust CAGR during the forecast
period. Improved life of cutting tools and equipment is one of the major factors accounting
for the growth of global diamond coatings market. Moreover, surging
demand for diamond coatings from numerous end-use industries such as
electronic, industrial, mechanical, medical, and others is further expected to
bode well for the growth of global diamond coatings market through the forecast
years. In addition to this, new advanced methods are evolved in terms of
medical technology in order to deliver better prevention, diagnosis, and
treatment of diseases, which in turn is positively influencing the growth of
global diamond coatings market, globally. Also, the benefits offered such as high
thermal conductivity, maximum surface hardness, low coefficient of friction,
and exceptional wear properties are making headway for the growth of global
diamond coatings market. Along with this, increasing demand from the consumer
electronics industry is anticipated to positively contribute to the market
growth during the next five years. However, there are some factors that can act
as major impediments to the growth of global diamond coatings market through
2025 such as high capital investment and requirement of a qualified workforce
for operation.
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Global
diamond coatings market can be segmented based on technology, substrate, end
use, company and region. Considering the substrate, the market is fragmented
into metal, ceramic, composite, others. The metal segment dominated the global diamond
coatings market in terms of largest market share until 2019 and is further
anticipated to maintain its dominance during the forecast period as well, which
can be accredited to the fact that steel is widely applied in the industry
because diamond coatings on steel substrates generate a new solution for
machine parts with extreme loads by friction and wear. In terms of end use, the
market is fragmented into electronics, mechanical, industrial. medical,
automotive and others. Out of which, the electronics segment is expected to
grow at a high pace during the forecast years. Diamond coatings have high
thermal and electric conductivity, making it a popular material choice for
electric and electronic products. This is a key factor augmenting the demand
for diamond coatings in the electronics segment across the globe.
Oerlikon Balzers, D-Coat GmbH, Neocoat
SA, Crystallume Corporation, Element Six UK Ltd., SP3 Diamond Technologies, Advanced
Diamond Technologies, Blue Wave Semiconductors, Diamond Product Solution, JCS Technologies
PTE Ltd, United Protective Technologies, LLC, John Crane, Surface Technology,
Inc., Sandvik Hyperion are among others are the leading players operating in
global diamond coatings market. The players are adopting several growth
strategies to enhance the market scenario of diamond coatings. Other
competitive strategies include product launches; mergers & acquisitions;
agreements, partnerships, and collaborations; and expansions to diverse their
product portfolio in order to strengthen their market position.
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“Asia-Pacific is expected to dominate the global diamond coatings market
until 2025 on account of availability of cheap labor and availability of raw
materials in the region. Furthermore, growing foreign investments are also
contributing to the growing trend. Additionally, existence of policies
mandating the use of environment-friendly and low-VOC products is further anticipated
to boost the market growth in the region through 2025.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Diamond Coatings Market By Technology
(Chemical Vapor Deposition Vs Physical Vapor Deposition), By Substrate (Metal,
Ceramic, Composite, Others), By End Use (Electronics, Mechanical, Industrial.
Medical, Automotive, Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global diamond
coatings market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global diamond coatings market.
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