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The diamond coatings market is expected to grow at a compound annual growth rate (CAGR) of 6.7%

The diamond coatings market is expected to grow at a compound annual growth rate (CAGR) of 6.7%

Diamond Coating Market

According to Fact.MR, a provider of market research and competitive intelligence, the global diamond coatings market is projected to reach a valuation of $4 billion by the end of 2033, expanding at a CAGR of 6.7% between 2023 and 2033. The cost advantage of diamond coatings over traditional industrial coatings is expected to drive market growth over the next decade.

Diamond coatings are created by depositing uniform layers of diamond onto a variety of materials, such as plastics, metals, glass, composites, and ceramics. This is typically achieved using methane diluted with hydrogen. Advanced technologies such as physical vapor deposition (PVD) and chemical vapor deposition (CVD), often aided by lasers, are used to complete the coating process.

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Diamond coatings are used to increase the hardness, corrosion resistance and wear resistance of various materials. The evaluation of the surface morphology and content of the diamond film is carried out using various experimental techniques. The increasing use of diamond coatings in various industries such as medicine, electronics, automotive and others is expected to increase their demand.

The cost-effectiveness of diamond coatings compared to industrial diamonds is a key factor driving the market opportunity. Diamond coatings and industrial diamonds exhibit comparable chemical and physical properties, offering similar levels of durability and other physical properties.

Unlike cutting and grinding tools that use diamond grains and experience diamond granule breakage, diamond-coated tools have evenly dispersed particles and do not have the problems associated with diamond chipping. As a result, diamond-coated tools have a longer service life than conventional grain-based tools.

Key findings from the market research

Global demand for diamond coatings is currently estimated at US$2.1 billion.
The chemical vapor deposition segment achieved a market share of 35.3% in 2022.
The global diamond coatings market is expected to reach $4 billion by the end of 2033.
Diamond coating sales are expected to grow at a CAGR of 6.7% through 2033.
In 2022, the Asia-Pacific region’s share in the global market was 42.5%.
Demand for diamond coatings in Canada is forecast to grow at a compound annual growth rate (CAGR) of 6%.
Sales of diamond coatings in Germany are estimated to grow at a compound annual growth rate (CAGR) of 4.3%.

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Competitive environment

Diamond coatings suppliers are improving their supply chain management systems to ensure high-quality products and maintain strict standards. To drive market growth, they are implementing key strategies such as agreements, new product development, and acquisitions.

Important events:

April 2022: UES (United Engineering Services LLC), an Oman-based international technology company, signed a Memorandum of Understanding with AZD Technologies LLC to launch the first nano-diamond coating production line in Muscat.
January 2021: Oerlikon Balzers has launched a new series of Baldia diamond coatings for drilling and machining highly abrasive materials.
January 2020: Oerlikon acquired D-coat, a supplier of diamond coating technologies, to expand its product offering in surface treatment technologies, in particular cutting tools in the automotive and aerospace industries.

Key Companies Profile

Advanced Diamond Technologies, Inc.
Diamond Technologies SP3
Oerlikon Balzers Coating AG
Neocoat S.A.
JCS Technologies Pte Ltd
Element Six S.A.
Diamond Product Solutions
Crystalline

Winning Strategy

The largest suppliers of diamond coatings are partnering with other companies, educational institutions and other entities to develop new, advanced production technologies.

For example:

The University of Munich (TUM) entered into a partnership with Oerlikon, an engineering and technology company based in Switzerland, in February 2022. The aim of this collaboration is to advance additive manufacturing technologies. To overcome technological obstacles to industrialization, the TUM-Oerlikon Advanced Manufacturing Institute was founded.

Read more: https://www.factmr.com/report/diamond-coatings-market

Segmentation of the Diamond Coatings Industry

By technology:
Chemical Vapor Deposition (CVD)
Physical Vapor Deposition (PVD)
According to the substrate:
Metal
Ceramics
Composites
Others
By end use:
Electronics
Mechanical
Industrial
Medical
Automotive
Others
By region:
North America
Europe
Asia and Pacific
Latin America
Middle East and Africa

More valuable insights in the offer

Fact.MR in its latest offer presents an objective analysis of the global diamond coatings market for the years 2023–2033.

The study reveals essential market information based on technology (chemical vapor deposition, physical vapor deposition), type (metal, ceramic, composite, others), and end-use (automotive, mechanical, industrial, medical, electronics, others) across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

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