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EUROPE SYNTHETIC DIAMONDS MARKET FORECAST 2022-2030

The Europe synthetic diamonds market is anticipated to record a CAGR of 8.85% over the forecasted period of 2022 to 2030, capturing a revenue share of $2977.43 million by 2030.

EUROPE SYNTHETIC DIAMONDS MARKET FORECAST 2022-2030

Europe 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 Europe synthetic diamonds market is anticipated to record a CAGR of 8.85% over the forecasted period of 2022 to 2030, capturing a revenue share of $2977.43 million by 2030.

The market growth of the region is determined by key factors such as the rapidly emerging construction and mining industry, in addition to the development of the aerospace and automobile sector. However, since the European region prefers natural diamonds over synthetic diamonds owing to their rareness and resale value, the market’s growth may be hampered.

Europe Synthetic Diamonds Market

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The Europe synthetic diamonds market growth study comprises the assessment of the United Kingdom, Germany, France, Spain, Italy, Belgium, and Rest of Europe. The cutting and drilling of concrete, asphalt, as well as various other construction materials constitute the primary usage of synthetic diamonds within the construction sector in the United Kingdom. Moreover, the grinding and cutting of ceramics, glass, and other hard abrasive materials utilized in construction projects are also done using these metal-bonded diamond tools. Aligning with this, the United Kingdom government intends to invest up to 2% of its gross domestic product (GDP) in infrastructure, between 2020 and 2050, as part of the National Productivity Investment Fund (NPIF). Hence, as the construction industry in the country continues to expand, the demand for various equipment and tools made of synthetic diamonds is expected to rise, thereby propelling the market’s growth further.

Conversely, the construction industry in Germany is continuing to grow at a gradual pace, predominantly fuelled by the increase in new residential infrastructure activities. As per the Statistisches Bundesamt (Destatis), the construction of new houses in Germany rose from 31,782,000 in 2019 to 32,726,000 in 2020. Furthermore, the country’s construction sector recorded substantial growth despite the adverse impact of the COVID-19 pandemic, consequently increasing the demand for synthetic diamonds. As a result, these factors are set to facilitate market growth in Europe during the forecasted years.

The Europe synthetic diamonds market is segmented into manufacturing process, color, distribution channel, and application. The color segment comprises colored and colorless. The majority of consumers prefer colorless synthetic diamonds. However, in terms of colored diamonds, yellow-colored lab diamonds are relatively more common and available in numerous shades ranging from vivid to light yellow.

On the other hand, the process of high pressure high temperature (HPHT) is generally used to turn brown diamonds from almost colorless to colorless. Some of the key aspects playing a crucial role in the success of near-colorless diamond synthesis include the chemical and quality composition of the solvent/catalyst melt, the capability to control chemical as well as thermodynamic conditions, and the selection of nitrogen getters, among others.

Key players operating in the Europe synthetic diamonds market are LabGems, Diam Concept, etc.

LabGems, headquartered in Belgium, specializes in lab-created diamonds. Moreover, the company sells only certified Type IIa with no boron or nitrogen impurities. With customizable options as per the client’s requirements, it also provides 10 different shapes as well as multiple sizes of lab-grown diamonds available in various colors. The company operates in the United Kingdom, the Netherlands, France, Germany, Italy, and Spain.

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 The United Kingdom, Germany, France, Spain, Italy, Belgium, and Rest of Europe
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
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • SPAIN
          • BELGIUM
          • REST OF EUROPE
    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: EUROPE MARKET SNAPSHOT – SYNTHETIC DIAMONDS

    TABLE 2: DIFFERENCE BETWEEN NATURAL AND SYNTHETIC DIAMONDS

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

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

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

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

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

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

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

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

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

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

    TABLE 13: LEADING PLAYERS OPERATING IN EUROPE 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: EUROPE SYNTHETIC DIAMONDS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021

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

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

    FIGURE 10: EUROPE SYNTHETIC DIAMONDS MARKET, GROWTH POTENTIAL, BY COLOR, IN 2021

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

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

    FIGURE 13: EUROPE SYNTHETIC DIAMONDS MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2021

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

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

    FIGURE 16: EUROPE SYNTHETIC DIAMONDS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    FIGURE 31: REST OF EUROPE SYNTHETIC DIAMONDS MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • SPAIN
          • BELGIUM
          • REST OF EUROPE
    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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