Synthetic Diamond
Global Synthetic Diamonds Market to Reach $17.9 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Synthetic Diamonds estimated at US$12.8 Billion in the year 2020, is projected to reach a revised size of US$17.9 Billion by 2027, growing at aCAGR of 4.9% over the period 2020-2027. Rough, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$12.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polished segment is readjusted to a revised 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.5 Billion, While China is Forecast to Grow at 8.7% CAGR
The Synthetic Diamonds market in the U.S. is estimated at US$3.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2027 trailing a CAGR of 8.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.
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