Fri. Dec 9th, 2022

The Diamond like Carbon Market Size is projected to reach US$ 2,248.80BN by 2028 from US$ 1,521.70MN in 2021; it is expected to register a CAGR of 4.7% from 2021 to 2028.

/EIN News/ — New York, May 06, 2022 (GLOBE NEWSWIRE) — The Insight Partners published the latest research study on Diamond like Carbon Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Pure DLC and Mixed DLC), Application (Drill Bits and Milling Cutters, Saws and Blades, Dies and Molds, Inserts, and Others), End Use (Automotive, Medical, Packaging, Electronics, Cosmetics, and Others), and Geography. Factors such as growing demand from the automotive sector and rising demand for medical devices drive the market. However, the increasing raw material prices restrain the growth of the diamond-like carbon market.

The Sample Pages Showcases Content Structure and Nature of Information Included in This Research Study Which Presents a Qualitative and Quantitative Analysis:

Report Coverage Details
Market Size Value in US$ 1,521.70 million in 2021
Market Size Value by US$ 2,248.80 billion by 2028
Growth rate CAGR of 4.7% from 2021 to 2028
Forecast Period 2021-2028
Base Year 2021
No. of Pages 152
No. Tables 83
No. of Charts & Figures 81
Historical data available Yes
Segments covered Type, Application, End-use and Geography
Regional scope North America; Europe; Asia Pacific; Latin America; MEA
Country scope US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Diamond-like Carbon Market: Competition Landscape and Key Developments

The key players operating in the diamond-like carbon market include IBC Coatings Technologies, LTD.; Oerlikon Groups, Inc.; Richter Precision Inc.; Norseld Pty Ltd; Bunty LLC; Wallwork Heat Treatment Ltd; Micromatter Technologies Inc.; HEF Group; IHI Ionbond Ag; and Dynasil Corporation. Major market players are adopting strategies such as mergers and acquisitions to expand their geographical presence and consumer base globally.

Schedule A Pre-Sale Discussion with The Author Team in A Slot That You Prefer to Address Queries on Scope of the Study, Customization, Introduction to Research Methodology, Assistance on Technologies, and Market Definitions:

In 2020, Europe held a significant revenue share of the global diamond-like carbon market. In Europe, the automotive sector accounts for over 50–60% of the diamond-like carbon market and employs many people. Demand for diamond-like carbon is growing in the region owing to growing investment in the automotive industry and rising demand from the medical industry. According to Germany Trade and Invest (GTAI), Germany plays a significant role in the global transition to electric mobility solutions. The increase in investment in electric cars (EVs) and supportive government Initiatives are augmenting the demand for EVs, helping the DLC coating market grow.

Growing Demand from Automobile Sector to Drive Diamond-like Carbon Market During Forecast Period

The automobile industry has witnessed tremendous growth in the last decade, and the growth is expected to continue during the forecast period. The development of low-cost vehicles, extensive service network, and rise in disposable income are driving the automobile industry. Due to the extensive competition in the automobile industry, manufacturing standards are being stringently followed. Moreover, companies are focusing on using products that can extend the final product’s life and drive the brand name. Such factors are driving the adoption of diamond-like carbon in the automotive industry.

The industry is expected to witness substantial investments during the forecast period due to the changing dynamics in the industry and the growing focus on the construction and adoption of electric vehicles. For instance, Tesla Inc. is considering the construction of a manufacturing unit in India. If approved, the demand for diamond-like carbon is expected to rise in the country. Common automotive parts coated with DLC include bearings, valves, gears, cams, and shafts. Further, the rising demand for two-wheelers, primarily in Asia Pacific, is expected to substantially impact the growth of the automotive industry. Such factors are expected to drive the diamond-like carbon market during the forecast period.

Click Here to Avail Lucrative DISCOUNTS on Our Latest Research Reports. We Offer Student, Enterprise, and Special Periodic Discounts to Our Clientele. Please Fill the Form to Know DISCOUNTED PRICE

Diamond-like Carbon Market: Segment Overview

Based on type, the global diamond-like carbon market is segmented into pure DLC and mixed DLC. In 2020, the mixed DLC segment accounted for a larger revenue share. Mixing non-metals and metals delivers superior friction behavior, enhanced life cycle, and compatibility with chemicals, owing to the inert nature of DLC coating.

Based on application, the global diamond-like carbon market is segmented into drill bits and milling cutters, saws and blades, dies and molds, inserts, and others. In 2020, the drill bits and milling cutters segment accounted for a significant revenue share. DLC coating includes a group of PVD coatings that have properties similar to those of natural diamonds. The most important difference with a diamond is that the microstructure of the DLC coatings can be either amorphous or polycrystalline, with a hydrogen content that varies in percentage. In contrast, the natural diamond is crystalline and consists of pure carbon. This DLC coating is employed for drill bits for drilling high-speed operations.

Impact of COVID-19 Pandemic on Diamond-like Carbon Market

The COVID-19 pandemic has significantly disrupted the manufacturing sector in terms of operational efficiency, owing to extended lockdowns across different regions, restrictions imposed on international trades, the shutdown of manufacturing units, travel bans, supply chain disintegration, shortage in the supply of raw materials, and many other factors. The COVID-19 pandemic has negatively impacted the global diamond-like carbon market, owing to the shutdown of manufacturing units, rise in raw material prices, labor shortage, disruption of supply chains, and financial instability. Moreover, disruption of the automotive industry due to the economic slowdown caused by the COVID-19 pandemic has negatively impacted the growth of diamond-like carbon market. Diamond-like carbon exhibits properties such as low friction, high hardness, and high corrosion resistance, which are essential for the long life of machinery and equipment.

However, businesses are gaining ground as previously imposed limitations are being eased across various locations. Moreover, the introduction of COVID-19 vaccines by governments of different countries has further eased the situation, leading to a rise in business activities across the globe. The automotive sector is growing rapidly in many countries, and the adoption of electric vehicles is expected to further boost the growth of the automotive industry during the forecast period. The medical sector has grown significantly in recent years and is expected to grow during the forecast period. The medical sector had witnessed a minimal decline during the pandemic. However, due to the development of various technologies such as DLC coating, the market is expected to witness substantial growth during the forecast period.

Have A 15-Minute-Long Discussion with The Lead Research Analyst and Author of the Report in A Time Slot Decided by You. You Will Be Briefed About the Contents of the Report and Queries Regarding the Scope of the Document Will Be Addressed as Well:

In 2020, Asia Pacific accounted for the largest share of the global diamond-like carbon market. Many Asia-Pacific countries, such as China and India, are among the world’s fastest-growing populations. The automotive industry is expanding in the region because of the growing demand for the rising demand for automobiles and automotive components. The growth of various manufacturing sectors such as packaging, electronics, and medical devices in nations such as China, India, Japan, and South Korea has increased the demand for diamond-like carbon market in the region. The surging consumption of processed medical devices is expected to drive the growth of the diamond-like carbon market.

In 2020, the mixed DLC segment accounted for the largest market share. The mixed DLC segment diamond-like carbon materials bonded with other metals to enhance the chemical properties of DLC. For instance, alloying Aluminum with DLC enhances the mechanical strength of the DLC coated material.

On the basis of application, dies and molds is the fastest-growing segment. The growing demand for dies with a longer life period and improved finish is the major factor driving the growth of the segment in the global diamond-like carbon market.

Immediate Delivery of Our Off-The-Shelf Reports and Latest Research Studies, Through Flexible and Convenient Payment Methods:

In 2020, the automotive segment held the largest market share in the global diamond-like carbon market. Automotive is the prominent end use sector for diamond-like carbon, especially in countries such as China which are focused on the manufacture of automobiles and their components.

Declining prices of automobiles and the rising disposable income among individuals is the major factor driving the demand for automobiles globally. Further, economic development in Asia Pacific region has boosted the demand for automobiles in the region primarily for to wheelers and hatchbacks. Such factors are driving the growth of the diamond-like carbon market.

Browse Latest and Related Reports:

Diamond Powder Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Synthetic Diamond Powder, Natural Diamond Powder); Application (Polishing, Grinding and Lapping, Ceramic Parts, Others) and Geography.

Hole Saw Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Type (Carbide, Diamond, Bi-Metal, Others); Application (Dry Drilling, Wet Drilling); End-user (Domestic, Commercial) and Geography

Chalcedony Earrings Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Chalcedony and Diamond, Chalcedony and Gold, Chalcedony and Silver, Others); Distribution Channel (Specialty Stores, Online Retail, Others) and Geography

Automotive Emission Analyzer Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Technology (Non-dispersive Infrared (NDIR), Fourier Transform Infrared (FTIR), Chemiluminescence Analyzer (CLA), Constant Volume Sampler (CVS), Condensation Particle Counter, Flame Ionization Detector, And Others); Type (Stationary, Portable); Application (Compliance Testing, Emission-based Maintenance and Control, General Testing and Tuning); End User (Automobile and Component Manufacturer, Automobile Service Factory, And Government Agency) and Geography

Inkjet Coders Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Type (CIJ Coder, DOD Inkjet Coder, TIJ Coder, Others); Application (Food Industry, Cosmetic Industry, Automobile Industry, Pipes, Wire and Cables, Tobacco industry, Others) and Geography

Sodium Ion Battery Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Sodium-Sulfur Batteries, Sodium-Salt Batteries (Zebra Batteries), Sodium-Oxygen (Sodium Air) Batteries); End-User (Consumer Electronic Devices, Automobile and Transportation, Industrial, Aerospace and Defense, Others) and Geography

Optical Metrology Market Forecast to 2028 – Covid-19 Impact and Global Analysis – By Product (Optical/Laser Scanner, Video Measuring Machine, and Laser Micrometery); Application (Distance Measurement, Surface Inspection, and Form Measurement); End-User (Automotive, Consumer Electronics, Medical, Aerospace & Defense, Energy & Power, and Industrial); and Geography

Fingerprint Sensor Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Technology (Optical Sensors, Thermal Sensors, Ultrasonic Sensor, Capacitive Sensors, and Pressure Sensors); Type (Swipe Sensors, Area, Sensors, and Touch Sensors); End-User Industry (Military and Defense, Consumer Electronics, Banking and Finance, Healthcare, Commercial Security, and Government)

Vibration Control System Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Active, Passive); Industry (Automotive and Transportation, Aerospace and Defense, Manufacturing, Electrical and Electronics, Healthcare, Oil and Gas, Mining, Others) and Geography

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: [email protected]

Phone: +1-646-491-9876

Press Release:

Primary Logo

Article originally published at

The post Diamond like Carbon Market Worth US$ 2,248.80BN, Globally, by 2028 at 4.7% CAGR first appeared on Reality Syndicate Viewers.

originally published at Science - Reality Syndicate Viewers

This news story originally appeared at Science - Reality Syndicate Viewers on 9 May 2022