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NORTH AMERICA SYNTHETIC DIAMONDS MARKET FORECAST 2022-2030

The North America synthetic diamonds market is predicted to grow with a 9.04% CAGR during the forecasted period of 2022 to 2030, acquiring a revenue share of $9293.20 million by 2030.

NORTH AMERICA SYNTHETIC DIAMONDS MARKET FORECAST 2022-2030

North America 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 North America synthetic diamonds market is predicted to grow with a 9.04% CAGR during the forecasted period of 2022 to 2030, acquiring a revenue share of $9293.20 million by 2030.

The rapid growth in the industrial sector, such as increased construction as well as mining activities, the developing automobile and aerospace sector, and the increasing inclination towards jewelry made from synthetic diamonds, including special occasion and casual jewelry, are among the key factors attributed to the market growth of the region. However, the North America synthetic diamonds market is likely to be negatively impacted by the declining demand for synthetic diamonds due to the presence of substitutes.

North America Synthetic Diamonds Market

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The North America synthetic diamonds market growth assessment comprises a detailed study of the United States and Canada. The healthcare sector in North America utilizes synthetic diamonds primarily for radiotherapy dosimetry detectors, surgical usage, and laser procedures. Moreover, it is also used in methods associated with disease diagnostics, including biosensing as well as neuroimaging. As the medical device industry is one of the most technically-advanced sectors in the United States, this factor is anticipated to propel the use of synthetic diamonds for varied medical purposes. In addition, the country’s medical device sector also holds a strong reputation for the production of cutting-edge goods globally, thus facilitating the demand for synthetic diamonds.

On the other hand, the manufacturing industries in Canada are expanding at a robust rate, owing to the strong R&D infrastructure as well as attractive business policies for local and international markets. Synthetic diamonds are predominantly utilized for cutting and drilling asphalt, concrete, and building materials across the construction sector in the country. In this regard, as per the Canadian Construction Association, the sector accounts for 70% of Canada’s small- and medium-sized enterprises (SMEs), generating nearly 7% of its gross domestic product (GDP). As businesses continue focusing on novel solutions, the demand for synthetic diamonds is expected to rise further. Hence, these factors are anticipated to augment the North America synthetic diamonds market growth during the estimated years.

The North America synthetic diamonds market is segmented into manufacturing process, color, distribution channel, and application. The manufacturing process segment includes high pressure high temperature (HPHT) and chemical vapor deposition (CVD). The manufacturing of synthetic diamonds using the process of high pressure high temperature (HPHT) replicates the formation process of organic diamonds. The process begins with a tiny diamond fragment, termed a seed crystal, placed in a cell inside a press with a metal catalyst. Moreover, a block of pure carbon, like graphite, is seated on top. While the pressure is under 55Kbar, the temperature ranges between 1400 to 1500°C.

Conversely, chemical vapor deposition (CVD) involves the introduction of a gas, such as methane, into a vacuum chamber, then activating as well as breaking down the gas molecules with microwaves. This leads to carbon atoms accumulating on a substrate. The CVD method is relatively less expensive since it works at moderate temperatures and low pressure, thus necessitating smaller and affordable equipment.

Some of the key companies operating in the North America synthetic diamonds market are Brilliant Earth LLC, WD Lab Grown Diamonds, etc.

Brilliant Earth LLC, headquartered in the United States, specializes in ethically sourced fine jewelry. With multiple showrooms across the country, the company provides lab-grown as well as natural gemstones and diamonds.

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 States and Canada
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
      • 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
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    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: NORTH AMERICA MARKET SNAPSHOT – SYNTHETIC DIAMONDS

    TABLE 2: COMPARATIVE PRICE OF NATURAL VS SYNTHETIC DIAMOND

    TABLE 3: DIFFERENCE BETWEEN NATURAL AND SYNTHETIC DIAMONDS

    TABLE 4: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY MANUFACTURING PROCESS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY MANUFACTURING PROCESS, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY COLOR, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY COLOR, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 11: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 12: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 13: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 14: LEADING PLAYERS OPERATING IN NORTH AMERICA SYNTHETIC DIAMONDS MARKET

    TABLE 15: LIST OF MERGERS & ACQUISITIONS

    TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 17: 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: NORTH AMERICA SYNTHETIC DIAMONDS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    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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