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The synthetic diamonds market size is forecast to increase by USD 7.73 billion at a CAGR of 7.1% between 2023 and 2028. The synthetic diamonds market is experiencing significant growth due to the cost advantage of man-made diamonds over their natural counterparts. The manufacturing process of synthetic diamonds involves subjecting graphite to high temperatures and pressures, resulting in diamonds with similar properties to natural diamonds, such as hardness, transparency, thermal conductivity, and electrical resistivity. This has led to increasing demand from various industries, particularly electronics and semiconductors, where the unique properties of diamonds are essential. However, the complicated manufacturing process presents challenges for market growth, including high production costs and the need for specialized equipment.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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