Diamonds as carbon market forecasts until 2028
The global carbon-like diamond market is expected to grow from US $ 1,521. 70 million in 2021 to US $ 2,248. 80 billion by 2028; it is estimated to increase at a CAGR of 4.7% from 2021 to 2028. DLC coating is most widely used in the automotive industry for various parts such as bearings, valves, gears, cams and trees.
New York, January 7, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Diamond like Carbon Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type; Application; End-use and Geography” – https://www.reportlinker.com/p06195577/?utm_source=GNW
In addition, the growing demand for two-wheelers, mainly in Asia-Pacific, is expected to have a huge impact on the growth of the automotive industry.
The demand for surgical instruments has grown rapidly in the healthcare industry, mainly due to the growth of the medical industry. Some of the common medical devices that use diamond like carbon are prostheses, cardiovascular implants, surgical tools, and dental implants, among others. .
Thus, the increasing demand for DLC coated auto parts and medical devices is expected to drive the market during the forecast period.
Based on the type information, the diamond-like carbon market is segmented into pure DLC and mixed DLC. The pure DLC segment accounted for a larger market share in 2020.
Pure DLC coating is preferably used in automotive and medical industries, due to its high hardness, high insulation, high wear resistance, low coefficient of friction, high chemical stability, its high anti-scalding properties and its high biocompatibility properties. The carbon-like diamond market is segmented into drills and cutters, dies and molds, saws and blades, inserts and others.
The drill and end mill segment is expected to grow, thanks to an extremely hard coating which helps to improve tool life and ensures a more controlled wear process.
The Asia-Pacific diamond-like carbon market is expected to grow at the highest CAGR during the forecast period. Asia-Pacific countries such as China, India, Australia, and Japan have many manufacturing industries, increasing the demand for DLC coating, thus propelling the market growth.
DLC coating is used in the automotive industry to reduce fuel consumption of automotive engines by reducing friction and pump components to prevent galling. Growing government initiatives in the automotive industry are fueling the growth of the market.
For example, India’s FAME-II automotive mission plan focuses on providing government support to its growing automotive sector and component manufacturing industry. Thus, the booming growth prospects in countries such as China, Japan and India are one of the key factors fueling the growth of carbon market like diamond.
The major players operating in the global diamond-like carbon market are IBC Coatings Technologies, LTD .; Oerlikon Groups, Inc .; Richter Precision Inc .; Norseld Pty Ltd; Bunty LLC; Heat treatment of walls ltée; Micromatière Technologies Inc .; HEF Group; IHI Ionbond Ag; and Dynasil Corporation.
The size of the overall global diamond-like carbon market was derived using primary and secondary sources. To begin the research process, a comprehensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
In addition, several primary interviews were conducted with industry participants to validate the data and gain more analytical information on the topic. Participants in this process include industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants such as industry experts. valuation, research analysts and opinion leaders specializing in the diamond-like carbon market.
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