Global Optical Material Synthetic Diamond Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Optical Material Synthetic Diamond Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Synthetic diamonds are diamonds produced by techniques such as chemical vapor deposition (CVD). Synthetic diamond is one of the main metamaterials present in the optical industry. Synthetic diamond shares most of its basic properties with natural diamond, retaining extremely high hardness, high thermal conductivity and high electrical resistivity.

Market Overview:

The latest research study on the global Optical Material Synthetic Diamond market finds that the global Optical Material Synthetic Diamond market reached a value of USD 111.41 million in 2022. It’s expected that the market will achieve USD 358.58 million by 2028, exhibiting a CAGR of 21.51% during the forecast period.

Extensive downstream market demand

As a new material with many excellent properties, artificial diamond has not only super hard mechanical properties, but also high thermal conductivity, excellent optical properties, semiconductor properties and excellent chemical stability, so it is a very wide range of extreme materials. Artificial diamond can be used as optical window material; Diamond has a very high spectral performance, usually produced into diamond film, used in X-ray, laser, infrared, electromagnetic wave window. In general, the large market demand for artificial diamond in the downstream market is driving the development of optical material synthetic diamond industry.

Rising demand for optical instruments is driving demand for synthetic diamonds

Synthetic diamonds cost less than natural diamonds. Synthetic diamond has various applications and rising demand for optical instruments is driving the demand for synthetic diamond. Synthetic diamond's good properties such as hardness, pressure resistance, light absorption, thermal stability and electrical conductivity make it an important optical material. For example, compared with traditional silicon-based detectors, diamond detectors have the advantages of high sensitivity, low dark current, strong radiation resistance, and long service life. Therefore, synthetic diamond has numerous applications in the detector industry. Furthermore, synthetic diamond is an important raw material for microwave injector windows as well as heat sinks for optical applications. The market demand for optical instruments is driving the development of the optical material synthetic diamond industry.

Region Overview:

In 2021, the share of the Optical Material Synthetic Diamond market in Europe stood at 34.31%.

Company Overview:

Sumitomo Electric is one of the major players operating in the Optical Material Synthetic Diamond market, holding a share of 28.01% in 2022.

WD Lab Grown Diamonds Announces New CVD Patent Sublicensing Partner

August 12, 2021
WD Lab Grown Diamonds, a leading U.S. producer of chemical vapor deposition (CVD) laboratory-grown diamonds, has entered into a patent sublicense agreement with Ethereal Green Diamonds LLP (“EGDL”) and its affiliate, The Diamond Library. The agreement is an expansion of WD's sub-licensing program announced in late 2020, which to date includes ALTR ( India ) Private Limited and ALTR, Inc. and Evolution Diamond. EGDL is now also permitted to license and distribute CVD lab-grown diamonds in the United States, Canada, Mexico and all other global territories to which this patent applies.

Segmentation Overview:

Chemical vapor deposition can be divided into hot wire method (HFCVD) and microwave plasma method (MPCVD). Among them, the MPCVD method can prepare high-quality diamond films with large area, good crystals, less impurities and relatively pure.

Hot-filament chemical vapor deposition (HFCVD) is a commonly used method for diamond deposition. Typically, in this method, a dilute mixture of a carbonaceous gas (such as methane) and hydrogen is thermally activated by a hot filament at subatmospheric pressure.

Application Overview:

X-ray windows
Synthetic diamond has high spectral passability, and is usually made into a diamond film as a window for X-rays. X-ray windows are suitable for a wide range of applications.

ATR units

ATR is a technique used in spectrometers such as FT-IR spectrometers to obtain spectral measurements from samples that are difficult to analyze by other means, such as transmission or reflection. Synthetic diamond can be used as a raw material for making ATR units.

lenses

Synthetic diamond crystals are of interest to many sectors of industry. Their unique properties make them suitable materials for many applications, including optical lenses for high-energy lasers, among others.

Infrared windows

An infrared window is an engineered optical device designed to allow infrared inspection of electrical components located within switchgear enclosures. Synthetic diamond can be used as an important raw material for the production of infrared windows.

Others

Synthetic diamonds have other applications as well. For example, heat sinks for optical applications; heat sinks are designed with high thermal conductivity materials, and synthetic diamond is a good thermal conductivity material.

Key Companies in the global Optical Material Synthetic Diamond market covered in Chapter 3:

ZS-TECH
Element Six
WD Lab Grown Diamonds
Applied Diamond Inc.
Ningbo Crysdiam
Diamond Elements
Sumitomo Electric
Hebei Plasma Diamond

In Chapter 4 and Chapter 14.2, on the basis of types, the Optical Material Synthetic Diamond market from 2018 to 2029 is primarily split into:

MPCVD
HFCVD

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Optical Material Synthetic Diamond market from 2018 to 2029 covers:

X-ray windows
ATR units
lenses
Infrared windows
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)