Diamond coating is a type of amorphous carbon that possesses some of the usual properties of diamond. It is also known as diamond like carbon. It is an environmentally friendly & financially viable for machining metal matrix composites (MMC). It provides an excellent solution for an extensive range of surface performance issues. Its applications are rising significantly in several industry verticals, due to its versatile nature. Diamond-coated components provide many performance and economic benefits. Diamond-coated tools are well-known for their low friction coefficient and exceptional hardness. These tools are being adopted for high-precision cutting, precision dressing, cutting tools, and grinding. These versatile properties of diamond coatings boost its demand from several end-user industries, such as electronics, industrial, medical, mechanical, and automotive.
The key benefits are included high thermal conductivity, maximum surface hardness, low coefficient of friction, and exceptional wear properties.
Based on technology, diamond coating market is segmented into physical vapor deposition technology (PVD) and chemical vapor deposition (CVD) technology. PVD technology segment includes electron beam, cathodic arc deposition, sputter deposition and others. CVD includes LPCVD (Low Pressure CVD), PECVD (Plasma Enhanced CVD), APCVD (Atmospheric Pressure CVD), MOCVD (Metal Organic CVD) and others. CVD technology holds major share in market owing to it is used for thin film deposition over substrate material in several end-use industries. Based on substrate, market is segmented into composite, metal, ceramic and others. Based on synthesis type, market is segmented into atmospheric pressure synthesis and low-pressure synthesis. Based on application, market is segmented into optical windows, electrical components, heat sinks, wear parts and prosthetics. In addition, based on end-use industry, market is segmented into mechanical, medical, electronics, industrial, automotive and others.
The diamond coating market is driven by enhanced life of cutting tools & equipment, followed by increase in demand for diamond coated medical devices & equipment, rise in improvements in the quality of diamond coating and growth in demand from various end-use industries. However, growth in requirement of qualified workforce for operation and high capital investment may impact the market. Moreover, increase in diamond coated tools in the construction industry and rise in innovation in technology through research & development (R&D) are key opportunities for market.
Based on geography, the Asian-Pacific region dominates the diamond coating market owing to accessible & economical raw material and accessibility of labors at low expenses in the region. The North-American and European regions are estimated to witness higher growth rate due to presence of well-established end-user industries such as electronics and automotive over the forecast period. In upcoming years, it is projected that future of the market will be optimistic on account of rise in investments in component manufacturing and medical devices during the forecast period.
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