According to TechSci Research report, “Global Diamond Coatings Market By Technology (Chemical Vapor Deposition Vs Physical Vapor Deposition), By Substrate (Metal, Ceramic, Composite, Others), By End Use (Electronics, Mechanical, Industrial. Medical, Automotive, Others), By Region, Forecast & Opportunities, 2025”, global diamond coatings market is expected to witness robust CAGR during the forecast period. Improved life of cutting tools and equipment is one of the major factors accounting for the growth of global diamond coatings market. Moreover, surging demand for diamond coatings from numerous end-use industries such as electronic, industrial, mechanical, medical, and others is further expected to bode well for the growth of global diamond coatings market through the forecast years. In addition to this, new advanced methods are evolved in terms of medical technology in order to deliver better prevention, diagnosis, and treatment of diseases, which in turn is positively influencing the growth of global diamond coatings market, globally. Also, the benefits offered such as high thermal conductivity, maximum surface hardness, low coefficient of friction, and exceptional wear properties are making headway for the growth of global diamond coatings market. Along with this, increasing demand from the consumer electronics industry is anticipated to positively contribute to the market growth during the next five years. However, there are some factors that can act as major impediments to the growth of global diamond coatings market through 2025 such as high capital investment and requirement of a qualified workforce for operation.
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Global diamond coatings market can be segmented based on technology, substrate, end use, company and region. Considering the substrate, the market is fragmented into metal, ceramic, composite, others. The metal segment dominated the global diamond coatings market in terms of largest market share until 2019 and is further anticipated to maintain its dominance during the forecast period as well, which can be accredited to the fact that steel is widely applied in the industry because diamond coatings on steel substrates generate a new solution for machine parts with extreme loads by friction and wear. In terms of end use, the market is fragmented into electronics, mechanical, industrial. medical, automotive and others. Out of which, the electronics segment is expected to grow at a high pace during the forecast years. Diamond coatings have high thermal and electric conductivity, making it a popular material choice for electric and electronic products. This is a key factor augmenting the demand for diamond coatings in the electronics segment across the globe.
Oerlikon Balzers, D-Coat GmbH, Neocoat SA, Crystallume Corporation, Element Six UK Ltd., SP3 Diamond Technologies, Advanced Diamond Technologies, Blue Wave Semiconductors, Diamond Product Solution, JCS Technologies PTE Ltd, United Protective Technologies, LLC, John Crane, Surface Technology, Inc., Sandvik Hyperion are among others are the leading players operating in global diamond coatings market. The players are adopting several growth strategies to enhance the market scenario of diamond coatings. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market position.
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“Asia-Pacific is expected to dominate the global diamond coatings market until 2025 on account of availability of cheap labor and availability of raw materials in the region. Furthermore, growing foreign investments are also contributing to the growing trend. Additionally, existence of policies mandating the use of environment-friendly and low-VOC products is further anticipated to boost the market growth in the region through 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Diamond Coatings Market By Technology (Chemical Vapor Deposition Vs Physical Vapor Deposition), By Substrate (Metal, Ceramic, Composite, Others), By End Use (Electronics, Mechanical, Industrial. Medical, Automotive, Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global diamond coatings market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global diamond coatings market.
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