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ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET FORECAST 2022-2030

The Asia-Pacific synthetic diamonds market is set to progress with a CAGR of 8.94% during the estimated years of 2022 to 2030, capturing a revenue share of $17245.92 million by 2030.

ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET FORECAST 2022-2030

Asia-Pacific Synthetic Diamonds Market by Manufacturing Process (High Pressure High Temperature, Chemical Vapor Deposition) Market by Color (Colored, Colorless) Market by Distribution Channel (Online Channel, Offline Channel) Market by Application (Construction, Mining, Oil & Gas, Electronics, Healthcare, Jewelry, Other Applications) By Geography

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The Asia-Pacific synthetic diamonds market is set to progress with a CAGR of 8.94% during the estimated years of 2022 to 2030, capturing a revenue share of $17245.92 million by 2030.

The increasing disposable incomes, the presence of numerous reactor plants for synthetic diamond manufacturing, as well as favorable government initiatives and policies across various sectors such as healthcare and telecommunications are among the key drivers primarily attributed to the region’s market growth. However, the Asia-Pacific synthetic diamonds market is likely to be restrained due to the high costs involved in setting up a synthetic diamond production unit.

Asia-Pacific Synthetic Diamonds Market

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The Asia-Pacific synthetic diamonds market growth analysis encompasses the evaluation of China, Japan, India, South Korea, Indonesia, Australia & New Zealand, Thailand, and Rest of Asia-Pacific. In terms of the healthcare sector, China is the second-largest industry across the globe, following the United States. This aspect is set to play an essential role in fueling the demand for synthetic diamonds, especially for medical applications. The country’s medical device market is one of the fastest-growing sectors, where the procurement of healthcare products is primarily driven by large public hospitals. While this factor leads to the rising usage of medical devices, it also propels the need for synthetic diamonds in the sector.

On the other hand, within the mining industry in Japan, the mineral segment comprises a relatively smaller mining sector for metals and coal, a significant sector for industrial minerals, as well as a large minerals-processing sector for nonferrous and ferrous metals and industrial minerals. Moreover, the majority of the mineral-processing and mining businesses in Japan are operated and owned by private firms. Since the country’s augmenting mining industry propels the need for improved tools and equipment for excavation, this factor plays a vital role in raising the demand for synthetic diamonds. As a result, these drivers are set to proliferate the market growth in the Asia-Pacific over the forecast period.

The Asia-Pacific synthetic diamonds market is segmented into manufacturing process, color, distribution channel, and application. The distribution channel segment constitutes online and offline. The COVID-19 pandemic has resulted in a substantial rise in online diamond research and purchases. Besides, since the novel coronavirus outbreak, the significance of an improved online presence, as well as e-commerce for a business, has grown. Although a sizeable proportion of the diamond industry still conducts business in a traditional way, the pandemic’s shift towards internet sales will likely ensure that e-commerce keeps escalating.

While e-commerce jewelry retailers, such as James Allen and the Blue Nile, are capturing a significant share of the diamond engagement market, as per statistics, only 11% of couples purchased their engagement rings online in 2021. In addition, more digital-first jewelry brands are also transitioning to brick-and-mortar retail, including Brilliant Earth.

Some of the major players operating in the Asia-Pacific synthetic diamonds market are Iljin Diamond Co Ltd, Sumitomo Electric Industries Ltd, etc.

Soham Industrial Diamond, headquartered in India, is the manufacturer, exporter, and supplier of natural and synthetic diamonds as well as diamond powder. The company also provides a diverse range of more than 40 products, such as shredded diamonds, diamond cutting tools, monocrystalline diamond blocks, lapping paste, and others. The company’s top export nations include Nepal, Uganda, Saudi Arabia, the United States, and Qatar.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Manufacturing Process, Color, Distribution Channel, Application
Countries Analyzed China, Japan, India, South Korea, Indonesia, Australia & New Zealand, Thailand, and Rest of Asia-Pacific
Companies Analyzed

Applied Diamond Inc, Sumitomo Electric Industries Ltd, Element Six, Henan Huanghe Whirlwind Co Ltd, Zhengzhou Sino-Crystal Diamond Co Ltd, Brilliant Earth LLC, Henan LiLiang Diamond Co Ltd, Iljin Diamond Co Ltd, New Diamond Technology LLC, Asahi Diamond Industrial Co Ltd, Engis Corporation, LabGems, Soham Industrial Diamond, Heyaru Engineering NV, WD Lab Grown Diamonds

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • AFFORDABLE ALTERNATIVE FOR NATURAL DIAMONDS
        • GROWING NEED AND LESS PRODUCTION TIME
        • INCREASING INDUSTRIAL DEMAND FOR SYNTHETIC DIAMONDS
      • KEY RESTRAINTS
        • DECLINING VALUE OF SYNTHETIC DIAMONDS
        • EXPENSIVE AND EXTENSIVE SET-UP FOR SYNTHETIC DIAMOND PRODUCTION
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON SYNTHETIC DIAMONDS MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
      • KEY BUYING CRITERIA
        • PRICE
        • CERTIFICATION
        • BRAND NAME
        • APPLICATION
    1. MARKET BY MANUFACTURING PROCESS
      • HIGH PRESSURE HIGH TEMPERATURE (HPHT)
      • CHEMICAL VAPOR DEPOSITION (CVD)
    2. MARKET BY COLOR
      • COLORED
      • COLORLESS
    3. MARKET BY DISTRIBUTION CHANNEL
      • ONLINE CHANNEL
      • OFFLINE CHANNEL
    4. MARKET BY APPLICATION
      • CONSTRUCTION
      • MINING
      • OIL & GAS
      • ELECTRONICS
      • HEALTHCARE
      • JEWELRY
      • OTHER APPLICATIONS
    5. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
      • COMPANY PROFILES
        • APPLIED DIAMOND INC
        • ASAHI DIAMOND INDUSTRIAL CO LTD
        • BRILLIANT EARTH LLC
        • ELEMENT SIX
        • ENGIS CORPORATION
        • HENAN HUANGHE WHIRLWIND CO LTD
        • HENAN LILIANG DIAMOND CO LTD
        • HEYARU ENGINEERING NV
        • ILJIN DIAMOND CO LTD
        • LABGEMS
        • NEW DIAMOND TECHNOLOGY LLC
        • SOHAM INDUSTRIAL DIAMONDS
        • SUMITOMO ELECTRIC INDUSTRIES LTD
        • WD LAB GROWN DIAMONDS
        • ZHENGZHOU SINO-CRYSTAL DIAMOND CO LTD

    LIST OF TABLES

    TABLE 1: ASIA-PACIFIC MARKET SNAPSHOT – SYNTHETIC DIAMONDS

    TABLE 2: DIFFERENCE BETWEEN NATURAL AND SYNTHETIC DIAMONDS

    TABLE 3: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY MANUFACTURING PROCESS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 4: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY MANUFACTURING PROCESS, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY COLOR, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY COLOR, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 8: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 9: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 10: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 11: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 12: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 13: LEADING PLAYERS OPERATING IN THE ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET

    TABLE 14: LIST OF MERGERS & ACQUISITIONS

    TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS   

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: KEY BUYING CRITERIA

    FIGURE 7: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021

    FIGURE 8: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY HIGH TEMPERATURE HIGH PRESSURE (HPHT), 2022-2030 (IN $ MILLION)

    FIGURE 9: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY CHEMICAL VAPOR DEPOSITION, 2022-2030 (IN $ MILLION)

    FIGURE 10: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, GROWTH POTENTIAL, BY COLOR, IN 2021

    FIGURE 11: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY COLORED, 2022-2030 (IN $ MILLION)

    FIGURE 12: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY COLORLESS, 2022-2030 (IN $ MILLION)

    FIGURE 13: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2021

    FIGURE 14: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY ONLINE CHANNEL, 2022-2030 (IN $ MILLION)

    FIGURE 15: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY OFFLINE CHANNEL, 2022-2030 (IN $ MILLION)

    FIGURE 16: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 17: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY CONSTRUCTION, 2022-2030 (IN $ MILLION)

    FIGURE 18: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY MINING, 2022-2030 (IN $ MILLION)

    FIGURE 19: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY OIL & GAS, 2022-2030 (IN $ MILLION)

    FIGURE 20: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY ELECTRONICS, 2022-2030 (IN $ MILLION)

    FIGURE 21: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY HEALTHCARE, 2022-2030 (IN $ MILLION)

    FIGURE 22: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY JEWELRY, 2022-2030 (IN $ MILLION)

    FIGURE 23: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)

    FIGURE 24: ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 25: CHINA SYNTHETIC DIAMONDS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 26: JAPAN SYNTHETIC DIAMONDS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 27: INDIA SYNTHETIC DIAMONDS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 28: SOUTH KOREA SYNTHETIC DIAMONDS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 29: INDONESIA SYNTHETIC DIAMONDS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 30: THAILAND SYNTHETIC DIAMONDS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 31: AUSTRALIA & NEW ZEALAND SYNTHETIC DIAMONDS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 32: REST OF ASIA-PACIFIC SYNTHETIC DIAMONDS MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY MANUFACTURING PROCESS
      • HIGH PRESSURE HIGH TEMPERATURE (HPHT)
      • CHEMICAL VAPOR DEPOSITION (CVD)
    2. MARKET BY COLOR
      • COLORED
      • COLORLESS
    3. MARKET BY DISTRIBUTION CHANNEL
      • ONLINE CHANNEL
      • OFFLINE CHANNEL
    4. MARKET BY APPLICATION
      • CONSTRUCTION
      • MINING
      • OIL & GAS
      • ELECTRONICS
      • HEALTHCARE
      • JEWELRY
      • OTHER APPLICATIONS

    To request a free sample copy of this report, please complete the form below :

    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


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