The research study conducted by Report Ocean on the “ Diamond Market” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Diamond Market is valued at approximately USD 94.60 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.00% over the forecast period 2022-2029. With its atoms grouped in what is known as a diamond cubic crystal structure, a diamond is a solid form of the element carbon. The major driving factors for the market are rising demand for jewelry and growth of construction industry.
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Growth in the construction sector is another factor supporting the diamond market. Diamonds are now a bare minimum need for industrial applications. The primary market driver for industrial diamonds worldwide is the expansion of the construction sector. Diamonds are utilised in the construction industry for cutting, drilling, polishing, and grinding operations. Glass, ceramics, coal balls, stone, and concrete can all be cut with industrial diamonds. Throughout the upcoming years, the building and construction industry is anticipated to experience significant expansion. Oxford Economics projects that the global construction industry would rise by 85% by 2030, reaching USD 17.5 trillion. The three main economies powering the construction sector are China, the United States, and India. Thus, the optimistic outlook for the world’s construction industry promises a profitable growth opportunity. However, the high cost of Diamonds stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Diamond Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the dominance of branded products. One of the main drivers of the spread of synthetic diamonds in this area is the rising product demand for industrial use. The main industrial uses for synthetic diamonds are in the manufacturing of buildings, machinery, and mining services (natural gas, exploration and drilling for oil, and minerals). Along with this, Asia-Pacific is the fastest growing region over the forecast period. Demand for jewellery is rising in developing countries like China and India. The anticipated growth in sales has prompted market participants to expand their investments in the area.
Major market players included in this report are:
Petra Diamonds Limited
RioTinto
Trans Hex Group
Lucara Diamond
ALROSA
De Beers
Mountain Province Diamonds
Dominion Diamond Mines
Gem Diamonds
Boucheron
Recent Developments in the Market:
De Beers introduced the Lightbox brand of lab-grown diamonds for jewellery applications in May 2018.
Global Diamond Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Product:
Natural
Synthetic
By Application:
Jewelry
Industrial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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