North America Synthetic Diamonds Market Forecast 2022-2030

North America Synthetic Diamonds Market Forecast 2022-2030

KEY FINDINGS

The North America synthetic diamonds market is set to emerge with a CAGR of 9.04% over the forecasted period of 2022 to 2030. Some of the main factors ascribed to the regional market’s growth are the rising inclination towards jewelry made from synthetic diamonds, such as special occasion and casual jewelry, as well as the rapid growth in the industrial sector, including construction and mining activities.

MARKET INSIGHTS

The North America synthetic diamonds market growth evaluation encompasses the analysis of Canada and the United States. As one of the major manufacturing sectors in Canada, nearly 2,000 companies are engaged in the production of electronics. In this regard, synthetic diamonds are mainly employed as heat sinks in the electronics as well as semiconductor industries on account of their high thermal conductivity. Moreover, Canada’s improved network connectivity is a key driver propelling the expansion of the industry.

Man-made diamonds are also employed in Canada’s medical avenue for surgical uses and dosimetry detectors for radiotherapy. In addition to various other public programs, including social services and education, provincial governments in the country are responsible for subsidizing healthcare services, as well. Since manufacturing medical devices, supplies, and equipment is a highly diversified and export-focused industry, this sector can greatly benefit from world-class, cutting-edge research undertaken in Canadian universities, hospitals, and research centers. As a result, these factors are anticipated to proliferate the demand for synthetic diamonds, subsequently propelling the market growth in North America during the forecast period.

COMPETITIVE INSIGHTS

The top players operating in the market are WD Lab Grown Diamonds, Brilliant Earth LLC, etc.

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