The Industrial Diamond Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
The historical growth trend in the Industrial Diamond market shows a stable increase, with the market size projected to rise from $2.12 billion in 2024 to $2.18 billion in 2025. This growth sees a Compound Annual Growth Rate (CAGR) of 2.8%.
The Industrial Diamond market is projected to reach a size of $2.64 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.9%.
Download Your Free Sample of the 2025 Industrial Diamond Market Report and Uncover Key Trends Now!The key drivers in the industrial diamond market are:
• Rising demand for diamonds in the electronics sector
• Advances in additive manufacturing technology
• Expansion of the renewable energy sector
• Increase in medical and healthcare applications
The industrial diamond market covered in this report is segmented –
1) By Type: Natural, Synthetic
2) By Application: Semiconductor, Aerospace, Aviation Industry, Other Applications
3) By End-User: Construction, Mining Services, Stone Cutting Or Polishing, Machinery Manufacturing, Transportation Systems, Other End Users
The key trends in the industrial diamond market are:
• Lab-grown diamond technology is trending in the market.
• high-performance applications of industrial diamonds are emerging.
• The focus on efficiency and precision in diamond processing is a significant trend.
• Technological innovations in diamond processing are shaping the future of the market.
Major companies in the industrial diamond market are:
• ALROSA PJSC
• Applied DiamondX Inc.
• De Beers Inc.
• Industrial Abrasives Ltd.
• 3M COMPANY
• Toolgal Industrial Diamonds Ltd.
• Scio Diamond Technology Corporation
• Hebei Plasma Diamond Technology Co. Ltd.
• Advanced Diamond Technologies Inc.
• Iljin Diamond Co. Ltd.
• Element Six UK Ltd.
• Sumitomo Electric Industries Ltd.
• Henan Huanghe Whirlwind Co. Ltd.
• Zhongnan Diamond Co. Ltd.
• Zhengzhou Sino-Crystal Diamond Co. Ltd.
• Synthetic Diamond Company List Adamas One Corp.
• New Diamond Technology
• Pure Grown Diamonds
• Swarovski AG
• Sandvik AB
• SainT-Gobain S.A
• Asahi Diamond Industrial Co. Ltd.
• Morgan Technical Ceramics
Asia-Pacific was the largest region in the industrial diamond market share in 2024