Nanodiamonds refer to diamond particles that are so minute that they are measure in nanometers or millionths of a meter. The Nanodiamonds typically have sizes between 3-5 nm and 100 nm. The rise in the use of nanodiamonds in a variety of industries, such as electronics, biomedicine. And others, as well as their rising demand for polishing silicon wafers, glass, and ceramics, are the main drivers driving the growth of the global nanodiamonds market.

The market worth of nanodiamonds in 2021 was USD 124.55 billion. And it will be worth USD 371.48 billion by 2030, growing at a 19% CAGR during the forecast period. 

Market Dynamics

Drivers

Increased demand for nanodiamonds in the biomedical industry is fueling the global market. Applications for nanodiamonds include tissue engineering, thermal control, bio-imaging, and drug delivery. Nanodiamonds are employ in a variety of biological processes, such as protein isolation, gene therapy, skin care, surgery, and medicine delivery. Due to its chemical stability, unique surface, and unusual structure, it is commonly use in biomedical applications such as radiology, nanotherapy, infection diagnosis, in-vitro diagnostics (blood testing), antipathogenic systems, bio-probes, and bio-labeling.

Restraints

The lack of proper functionalization of diamonds with coating materials and the availability of substitute nanomaterials, such as graphene, nano-silica polymers, carbon nanotubes, carbon nanoparticles, fullerenes, and carbon nanohorns, are anticipate to constrain the market for nanodiamonds.

Opportunity 

Because nanodiamonds can be used as additives in different lubricating oils, the market for nanodiamonds is anticipate to benefit from the rising use of lubricating oil and grease in the automobile sector. According to McKinsey, the global lubricants value pool will increase 44% by 2035 as a result of the industry’s growing demand. And the escalating use of higher-margin, branded, or advanced products, primarily synthetics. In order to reduce friction between moving parts and increase utility, nanodiamonds have long been employ as a lubricant additive. The global market is drive by the presence of manufacturing facilities for lubricating oil firms like Fuchs, Shell, Valvoline, and Gulf lubricants. This trend will continue throughout the forecast period.

Market Segmentation 

By Application 

On the basis of application, the nanodiamonds market is segment into Lubricants, Finish Polishing, Electroplating & Anti-Wear/Friction Coatings, Composites, Skincare, Supercapacitors, Batteries, and Drug Delivery. 

With a CAGR of 12.17%, the Finish Polishing segment rule the market with the biggest share of around 73.27% in 2020. Amorphous silicon (a-Si) and polycrystalline silicon (poly-Si) thin films have lately been subject to chemical mechanical polishing (CMP), one of the most sophisticate Finish polishing processes. The total expansion of this market is drive by the use of CMP on these materials, which has been demonstrate to enhance device performance and open up new integration strategies.

Regional Analysis 

Asia Pacific ruled the market in 2020 with the largest revenue share of nearly 43.77%. This region’s market is expanding as a result of the rising demand for nanodiamonds. In the biomedical and automotive sectors in nations like China and India. In the Asia-Pacific region, which includes the Middle East, 32 million passenger cars are anticipate to be sold in 2020, with 20.18 million of those sales occurring in China. Automobile production in China is the highest in the world, and most of its output is sold domestically. There are 27 car manufacturers and 640 component manufacturers in Malaysia’s automotive industry. Thus, the existence of lubricating oil and grease producers, Nanodiamonds battery producers. And medical OEM producers in the Asia Pacific will increase the use of Nanodiamonds batteries. China is the biggest producer of nanodiamonds in the world, and several nations import them.

Key Players 

  • Ray Techniques Ltd
  • Daicel Corporation
  • NVISION IMAGING Technologies GmbH
  • MICRODIAMANT AG
  • CARBODEON LTD. OY
  • Kerridge Commercial Systems Limited
  • SINO-CRYSTAL MICRO-DIAMOND
  • SINTA
  • TONG LI TECH CO LTD.
  • FND BIOTECH
  • Ad├ímas Nanotechnologies
  • Columbus NanoWorks Inc
  • NanoCarbon Institute Co., Ltd.

The market worth of nanodiamonds in 2021 was USD 124.55 billion. And it will be worth USD 371.48 billion by 2030, growing at a 19% CAGR during the forecast period. The market is being drive by developments in the nanodiamond industry, such as rising demand for nanodiamonds in the biomedical sector and rising lubricating oil and grease usage in the automotive sector.

New York, US, June 07, 2022 (GLOBE NEWSWIRE) – – Nanodiamonds is a term which is utilized to portray the precious stone particles so little that they are estimated concerning nanometres, or Millionths of a meter. The size of the Nanodiamonds commonly goes from 3-5 nm to 100 nm. The key factors that are leading the development of the Worldwide Nanodiamonds Market are expanding creation size of Nanodiamonds, ascend in uses of Nanodiamonds in different businesses like gadgets, bio-clinical, and so on, cost-viability, and its rising interest for cleaning of silicon wafers, glass and earthenware production. Based on Applications, the Complete the process of Cleaning section held the main piece of the pie of around 73.27%, with a prospering CAGR of 12.17%. On a local premise, the Asia-Pacific held the most elevated share, with almost 43.77% of the whole market.
As far as Applications, the ‘Complete the process of Cleaning’ section held the most extreme extent of the piece of the pie.

Leave a Reply

Your email address will not be published. Required fields are marked *