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Lab Grown (Synthetic) Diamonds Industry Market, Size, Forecast 2022

Lab-grown diamonds are known to hold significance in many industries owing to their various electrical, chemical, thermal and optical properties. Moreover, owing to its rigidity, these diamonds are also used across in machineries for several cutting and polishing purposes. Additionally, these diamonds are also used in the electronics industry and are being deployed in high-power switches at power stations.

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Lab Grown (Synthetic) Diamonds Industry Market, Size, Forecast 2022

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  1. Global Lab Grown (Synthetic) Diamonds Market to Grow on the Back of Surge in Trade of Diamonds Worldwide; Market to Grow with a CAGR of 8.74% During 2021-2028 Kenneth Research has released a report titled “Lab Grown (Synthetic) Diamonds Market: Global Demand Analysis & Opportunity Outlook 2028”which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market. In other statistics by the International Trade Center (ITC), the value of imports of diamonds worldwide grew from USD 117264482 Thousand in the year 2015 to USD 130562696 Thousand in the year 2018. Get Sample Reports Here - https://www.kennethresearch.com/sample-request-10352278 The statistics portray the growing demand for diamond around the globe, backed by the rise in awareness for the numerous benefits associated with the use of synthetic diamonds, and for the low price of these diamonds over c5onventional diamonds. Moreover, these diamonds can be produced

  2. sustainably, which is also projected to drive the growth of the global lab grown (synthetic) diamonds market. The global lab grown (synthetic) diamonds market is anticipated to grow with a CAGR of 8.74% over the forecast period, i.e., 2021 – 2028. The market is estimated to garner a revenue of USD 32743.34 Million in the year 2028, up from a revenue of USD 19145.33 Million in the year 2019. The market is segmented by application into jewelry, electronics, optics, construction, satellite, data storage, semi-conductors, and others. By the end of 2028, the construction segment is projected to display the largest revenue of USD 9756.67 Million by the end of 2028, up from a revenue of USD 6403.25 Million. By region, the global lab grown (synthetic) diamonds market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. By the end of 2028, the market in the Asia Pacific is anticipated to drive the largest market revenue of USD 24603.35 Million, up from a revenue of USD 14904.64 Million in the year 2019. The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel,

  3. GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report. However, the complex manufacturing process of lab grown diamonds is one of the major factors predicted to hinder the market growth. This report also provides the existing competitive scenario of some of the key players of the global lab grown (synthetic) diamonds market, which includes company profiling of Element Six UK Ltd. (De Beers Group), Sumitomo Electric Industries, Ltd., Swarovski AG, NEW DIAMOND TECHNOLOGY LLC, Pure Grown Diamonds, Sarine Group of Companies, Applied Diamond Inc., Iljin Diamond Co., Ltd., D.NEA, APPSILON ENTERPRISE, Eco Lab Diamonds, Nova Diamonds Pty Ltd., Parker Diamonds, Rio Tinto, De Beers Group, Charles & Colvard, Ltd., Blue Nile Inc., and others. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Lab Grown (Synthetic) Diamonds Market: Global Demand Analysis & Opportunity Outlook 2028”, analyses the overall global lab grown (synthetic) diamonds industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion

  4. and major investors looking for investment in the global lab grown (synthetic) diamonds market in the near future. Get Sample Reports Here - https://www.kennethresearch.com/sample-request-10352278 Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties. Contact for more Info: AJ Daniel Email: sales@kennethresearch.com U.S. Phone: +1 313 462 0609

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