Diamond Slurry Market Size, Share, Growth, And Industry Analysis By Type (Water Soluble Diamond Slurry, Oil Soluble Diamond Slurry, others) By Application (Metal, Advanced Ceramics, Semiconductor, Optics & Photonics, Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Diamond Slurry Market Report Overview

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The global diamond slurry market size was USD 56 million in 2022 and market is expected to reach USD 103.19 million in 2031, exhibiting a compound annual growth rate (CAGR) of 7.1% during the forecast period.

Oils utilized with any diamond compound or slurry/slurries ought to be viable with the transporter to give the most ideal cutting activity, keep up with even scattering of diamond all through the lapping surface, and produce uniform completions

Innovative headways like climate cordial diamond slurry, application-explicit diamond slurry, and uncommonly formed slurries for various sorts of cleaning cushions and lapping plates have made a huge market influence. Besides, the reception of diamond slurry as a cleaning specialist in different finished results has prompted a powerful change in the general diamond slurry market scene.

COVID-19 Impact: Lockdown locked-down the diamond slurry market

The flare-up of Covid infection (Coronavirus) has gone about as a monstrous limitation on the Diamond Polishing Slurry market as supply binds were disturbed because of exchange limitations and utilization declined because of lockdowns forced by states internationally.   

Latest Trends

"Increasing demand of electronic gadgets, rise in demand of diamond slurry"

Smallness and scaling down are in pattern across industry areas, particularly in the gadgets area. The total populace is turning out to be more used to reduced frameworks and gadgets. With this rising revenue, market players are producing more smaller gadgets to address shopper issues.

Computer chips are available in a few electronic gadgets, for example, cell phones and their embellishments, vehicles, clinical gadgets, and some more. These minimized gadgets are effective and simple to deal with and transport, and, in that capacity, the interest in reduced gadgets is expanding.

The optics and photonics business requires a wide assortment of materials, for example, sapphire, zinc sulfide, zinc selenide, germanium, magnesium fluoride, calcium fluoride, silicon carbide, gallium nitride, beryllium, and yttrium-aluminum garnet.

Interest for the fine cleaning of these materials is exceptionally high. Eliminating all the surface harm and tweaking the surface figure, harshness, abnormalities, and surface quality is a basic move toward optical assembling, which is accomplished by cleaning. The developing optics and photonics industry, because of expanded use in everyday materials, will drive the objective market.

Diamond Slurry Market Segmentation

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• By Type Analysis

According to type, the market can be water soluble diamond slurry, Oil soluble diamond slurry, others. Water soluble diamond slurry is the leading segment by type of the diamond slurry market.

• By Application Analysis

Based on application, the market can be divided into Metal, advanced ceramics, semiconductor, optics & photonics, others. Metal is the leading segment by application of the diamond slurry market.

Driving Factors

"Advancement in technology and business ideas driving diamond slurry upwards"

Advancement of the equipment business all around should uphold the interest for diamond slurries sooner rather than later. For instance, a primary player in the contraptions business "Apple" uses diamond slurry to great and clean their cells and wristwatch, as would be viewed as typical too well overhaul the market improvement.

Openness of different kinds of CMP slurries, which has a comparable application in the end-use industry could go probably as a cutoff on the improvement of the diamond slurry market.

"Mono & Polycrystalline Diamonds marking the development of diamond slurry market"

Development in mono and polycrystalline diamonds will support the market development before long. For instance, HYPERION™ diamond has been created by a surface-changing mono-glasslike jewel that changes the surface of mono-translucent precious stone from having only a couple of slicing focuses to one where there are many fine and unmistakable elements. The surface-adjusted, mono-glasslike diamonds with the expanded quantities of pits and spikes out-performs polycrystalline jewel in lapping and cleaning of semiconductor materials

Restraining Factors

"Rise of silica slurry, downfall of diamond slurry"

Diamond slurry is for the most part utilized for lapping and cleaning surfaces. Slurries arranged from different mixtures like aluminum oxide, cerium oxide, silica, and zirconium oxide can likewise be utilized for lapping and cleaning. As per a new report led on the substance mechanical cleaning of Yttrium Aluminum Garnet (YAG), slurry made out of silica in a sodium hydroxide arrangement showed better execution than produce a decent surface completion when contrasted with alumina-or diamond-based slurries.

Diamond Slurry Market Regional Insights

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"Passing the United States Innovation and Competition Act (USICA), the U.S. to lead the diamond slurry market"

The U.S. passed the United States Innovation and Competition Act (USICA), in June 2021, which included US$ 52 million to reinforce its homegrown assembling, examination, and plan of chips. The huge number of semiconductors producing organizations present in the U.S. will prompt a flood in the interest for diamond slurry in the country. Noticeable makers of cell phones and electric vehicles that require semiconductors for their item fabricating are situated in the U.S., which will additionally drive the market. Write about the second-leading region, i.e., the region that holds the second-largest market share. Note: don’t disclose the % share of the region.

China is the biggest producer and exporter of electronic products and brilliant gadgets, delivering around 36% of the all-out world's hardware. Inferable from the low work cost and assembling plants of major electronic organizations, China is a rewarding business sector for diamond slurry producers.

The fourteenth 5-year plan of China centers around photonics, quantum data, miniature and nanoelectronics, man-made brainpower, network interchanges, current energy frameworks, and biomedicine. The Chinese government has expanded its spending on photonics by 40% consistently, coming to €1 million of every 2020. As of Walk 2022, there were 262 photonics new businesses in China.

China has defined an objective to accomplish 70% independence in semiconductor producing, supported by a speculation of US$ 25 million by neighborhood government reserves, which, when joined with the Public Asset, adds up to US$ 73 million. Accordingly, the Chinese diamond slurry market is supposed to prosper over the long haul.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Engis Corporation (U.S.)
• Saint-Gobain (France)
• Lapmaster (U.S.)
• Kemet International (U.K.)
• Iljin Diamond (South Korea)
• Fujimi Corporation (U.S.)
• MicroDiamant (Switzerland)
• Beijing Grish Hitech (China)
• Asahi Diamond Industrial (Japan)
• NanoDiamond Products (Ireland)
• Mipox Corporation (Japan)
• Henan Union Precision Material (China)
• LAM PLAN SA (France)
• N.G.S Photoelectric ("Vietnam")
• STÄHLI Group (Switzerland)
• Eminess Technologies (U.S.)
• Dopa Diamond Tools (Germany)
• ITW (Buehler) (U.S.)
• Qual Diamond (U.S.)
• Henan Boreas New Material (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.