Europe Synthetic Diamonds Market Forecast 2022-2030

Europe Synthetic Diamonds Market Forecast 2022-2030

KEY FINDINGS

The Europe synthetic diamonds market is set to rise with a CAGR of 8.85% across the forecasted years of 2022 to 2030. The regional market’s growth is fuelled by key factors such as the development of the automobile and aerospace sector as well as the rapidly emerging mining and construction industry.

MARKET INSIGHTS

The Europe synthetic diamonds market growth evaluation includes the analysis of the United Kingdom, Spain, Italy, Belgium, Germany, France, and Rest of Europe. As the third-largest economy in Europe. France recorded a gross domestic product (GDP) growth of 1.5% in 2019. The nation has also become an appealing destination for international investments, on account of the significant and emerging market, in addition to the financial support from its government. Furthermore, following Brexit, Paris is also anticipated to become the new center for the European Union (EU).

In the French oil & gas industry, synthetic diamond is primarily used in exploration and drilling activities. In April 2021, as per the National Institute of Statistics and Economic Studies (INSEE), the country’s mining production rose by 128% compared to the previous year. This figure is expected to continue rising due to the growing need for construction-related materials as well as commodities minerals, consequently fueling the demand for synthetic diamonds utilized in excavation and other mining equipment and tools. Therefore, such factors are set to reinforce the market growth in Europe over the projected years.

COMPETITIVE INSIGHTS

LabGems, Diam Concept, etc., are among the top firms operating in the market.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments