Industrial Diamond Market Size, Share & Trends Analysis Report By Type (Synthetic, Natural), By Application (Construction, Transportation, Electronics, Others), By Region (North America, Europe), And Segment Forecasts, 2025 - 2030

Industrial Diamond Market Growth & Trends

The global industrial diamond market size is expected to reach USD 2.5 billion by 2030, registering a CAGR of 6.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. Advancement in smart mining technologies coupled with increasing production of synthetic diamonds are projected to drive the market. Industrial diamond has substantial applications in the automotive industry. It has been reported that around 1.5 carats of industrial diamond is used in the manufacturing of every automobile in U.S. Automotive components require precise and stable manufacturing processes. The operations, such as grooving, boring, grinding, turning, milling, and honing, can be performed with the help of industrial diamond tools. According to the International Organization of Motor Vehicle Manufacturers, global sales including passenger cars and commercial vehicles accounted for 93.6 million in 2017, an increase of 2.3% from the previous year.

The advancement in the production and management system is helping the growth of the automotive industry. Increasing competition along with digitization and globalization is changing the face of the industry. Key companies are developing innovative and advanced techniques to trace the diamonds. Recently, De Beers announced successful tracking of 100 high-quality diamonds through an emerging technology known as blockchain. Also, in April 2018, Helzberg Diamonds, Asahi Refining, and LeachGarner collaborated for a project to track and authenticate diamonds. Moreover, smart mining technology is expected to trigger new growth opportunities for the industry. Data analytics software along with the use of precise GPS systems and Internet of Things (IoT) can also help to boost the productivity of mining operators.

Industrial Diamond Market Report Highlights

• The synthetic diamond segment dominated the market with the largest revenue share of 83.4% in 2024 by offering cost-effective and highly customizable solutions.
• The natural diamond segment is expected to emerge as the fastest growing segment and record a CAGR of 5.6% over the forecast period due to the unparalleled hardness and cutting efficiency of this category of diamonds.
• The construction segment dominated the market with the largest revenue share of 51.4% in 2024 owing to extensive use of diamonds in cutting, drilling, grinding, and polishing applications.
• The electronics segment is expected to be the fastest growing segment with a CAGR of 6.2% during the forecast period, fueled by the escalating demand for high-performance and miniaturized electronic devices.
• Asia Pacific dominated the market with the largest revenue share of 42% in 2024, driven by significant industrial growth, technological upgrades, and increasing demand across sectors like manufacturing, construction, and electronics.