Global Nanodiamonds Market Projected to Reach USD 140 Million by 2026

17-Jun-2020 | Facts and Factors

Findings from Facts and Factors report “Nanodiamonds Market By Application (Finish polishing, Electroplating, Oil compounds, and others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global nanodiamonds market in 2019 was above USD 115 million. The market is expected to grow around a CAGR of 3% and is anticipated to reach over USD 140 million by 2026.

Nanodiamond, are referred as diamond detonation, are small particles of diamond which are nanometers in particle size. They are entirely different from diamonds that occurs naturally in terms of their chemical property and efficiency. Nanodiamond is the hard material and possesses high thermal conductivity. It is the composite material. Nanodiamond is the mixture of amorphous carbon layer, diamond core, and functional oxygen group. They are used as additives in coatings, lubricants, and abrasives. The nanodiamonds are below the size of 1 micrometer. The manufacturing of nanodiamonds includes the method of detonation and chemical vapor deposition.  Owing to the low cost of production, the deposition method is widely used by the manufacturers.

Browse the full “Nanodiamonds Market By Application (Finish polishing, Electroplating, Oil compounds, and others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-nanodiamonds-market-by-application-finish-polishing-electroplating-1210

The nanodiamond possesses excellent chemical, thermal, optical and mechanical properties. Increased in the commercial production of the nanodiamonds and research and development activities, the nanodiamond market is expected to witness significant growth over the forecast period. Nanodiamonds are also used in wide range of application such as tissue engineering, thermal management, bio-imaging, drug-delivery, etc., Nanodiamond is employed in various applications in the biomedical industry such as gene therapy, drug delivery, protein isolation, etc. Owing to the chemical stability, unique surface and structure, it is widely used in the biomedical application including cancer therapeutics, bio-probes, and bio-labeling. It is also used as coating material for surgery tools and implants.

Nanodiamonds are also used in disease detection. These factors may drive the nanodiamonds market. However, improper nanodiamond functionalization with coating materials may lead to agglomeration and can negatively impact coatings mechanical properties. Additionally, the  On the other hand, in the automobile industry, increase consumption of grease and lubricating oil, used in the electroplating application and increasing use of nanodiamond in rubber, plastics, resins, teflon, and metals is estimated to create ample opportunities in the nanodiamond market.

By application segmentation, the finish polishing category is expected to contribute the largest market share in the global nanodiamonds market owing to the wide use of nanodiamonds in coating and polishing application.

By geography, in 2019, Asia Pacific region dominated the market and it is projected to witness highest market share attributed the increasing use of nanodiamonds in automotive and biomedical sector. Owing to the wide use of nanodiamonds, major manufacturers started their production in North America.

Report Scope

Some of the leading players in the global market include

Henan Yuxing Sino-Crystal Micron Diamond, Diacel Corporation, Beijing Grish Hitech Co., Ltd., Henan Union Abrasives Corp, Adamas Technologies, NanoTech Lubricants, Carbodeon Ltd. Oy, Microdiamant, NanoDiamond Products Limited, Ray Techniques Ltd., SINTA, and others.

This report segments the nanodiamonds market as follows:

By Application Segmentation Analysis

• Finish polishing
• Electroplating
• Oil compounds
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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