Synthetic Diamond Market - Forecast 2021 - 2026
Synthetic Diamond Market Overview Synthetic Diamond Market size is forecast to reach $22.1 billion by 2026, after growing at a CAGR of 5.2% during 2021-2026. Globally, the increasing demand for synthetic diamond as the most common material for optical windows in high-power CO2 lasers and gyrotrons, due to its unusual combination of thermal and chemical stability, low thermal expansion, and high optical clarity over a wide spectral range, has raised the growth of the market. Also, UV (ultraviolet) light or high-energy particle detectors made of synthetic diamonds are increasingly being used in high-energy testing facilities and are commercially available. Furthermore, the rising use of synthetic HPHT diamonds (formed by High Pressure High Temperature process) in cutting and polishing tools, in abrasives, and in heat sinks owing to the stiffness, thermal conductivity, and electron mobility properties is expected to incline the synthetic diamond industry growth. Impact of Covid-19 Opera...