Product ID: SQMIG15M2007
Report ID:
SQMIG15M2007 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
North America is the largest market among all the regions owing to the product demand for various industrial applications such as construction, machinery manufacturing, and mining services (exploration and drilling for oil, natural gas, and minerals). Precision machining of ceramic parts for laser radiation equipment, and heat sinks in circuits are assumed to uplift the demand for synthetic diamonds and related products in industrial application. The United States majorly leads as the biggest consumer of diamonds and similar products as compared to other countries. The US is also one of the leading producers of synthetic industrial diamonds.
Europe is however, holding the second position in the market due to the rising demand for fine jewellery and rings, bracelets and other jewellery pieces for various occasions like wedding, engagement, and birthdays in the region.
Asia Pacific (APAC) is an emerging region thanks to the millennials of the region, contributing to the market share; and the increasing industrialization is growing the demand of the market in the region.
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REQUEST FREE CUSTOMIZATIONDiamond Market size was valued at USD 94.96 billion in 2019 and is poised to grow from USD 99.08 billion in 2023 to USD 139.91 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).
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Product ID: SQMIG15M2007