1.Growing demand in emerging fields

In the medium to long term, as the manufacturing industry undergoes transformation towards high-end, the clean energy sector develops rapidly, the progress is made in biomedical technology, the diamond powder, which is currently as a strategic emerging material with the highest hardness, the best thermal conductivity, the optimal biocompatibility and strongest corrosion resistance among industrial materials, is seeing an increasing market demand in various fields such as photovoltaics, aerospace, electronics and precision manufacturing. The demand in the high-end market is constantly on the rise.

2. Market potential of synthetic diamond

Because cultivated diamonds have the same composition and structure as natural diamonds, and they posses a significant price advantage over natural diamonds. With the increase in their market penetration, the substitution effect on natural diamonds continue to strengthen. In the future, with the recovery of the macro-economy and the further popularization of consumption concepts, the downstream consumer demand for cultivated diamonds is expected to gradually recover, thereby driving the demands for diamond powder.

3. Technological advancement promotion

New production technologies and processing techniques are emerging continuously, improving the production efficiency and quality of diamond powder and driving the development of market. For example, the nano-diamond powder’s applications has become the new market trend, and it has broad application prospects in high-tech fields

4. Prominent environmental advantages

Compared with traditional materials, diamond powder has higher performance and environmental-friendly characteristics. Supported and promoted by environmental regulations, the market demand for environmentally-friendly diamond powder products will continue to increase.

5. Policy support

The government’s policy support in aeras such as environmental protection and scientific and technological innovation will play a positive role in the development of the diamond powder market. For instance, diamond materials have been included in category of strategic materials in China’s 14th Five-Year Plan, and the intensity of national policy support is unprecedented.

6. Strong impetus for regional growth

The regional distribution of the global diamond powder market is uneven, mainly concentrated in North America, Europe, and the Asia-Pacific region. In the future, the Asia-Pacific region will become the primary driving force for the growth of diamond powder market. Its rapidly developing economy and industrial base will drive an increase in market demand.