Burlingame, CA, Aug. 18, 2025 (GLOBE NEWSWIRE) — The Global Synthetic Diamond Market is estimated to be valued at USD 27.73 Bn in 2025 and is expected to reach USD 44.53 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 7.0% from 2025 to 2032. Rising disposable incomes and rapid industrialization are anticipated to propel the growth of the global synthetic diamond market in the coming years. Additionally, the expanding fashion industry is expected to generate lucrative opportunities, while the increasing demand for super-abrasives will further accelerate market growth.
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Global Synthetic Diamond Market Key Takeaways
According to Coherent Market Insights (CMI), the global synthetic diamond market size is slated to expand at a CAGR of 7% during the assessment period, reaching USD 27.73 Bn in 2025 and USD 44.53 Bn by 2032.
Polished synthetic diamonds are expected to remain the top-selling type, accounting for 65% of the global synthetic diamond market share in 2025.
Chemical vapour deposition is the most widely used method for synthetic diamond production, holding a prominent industry share.
North America is projected to be the market leader, accounting for two-fifths of the global synthetic diamond industry share in 2025.
Asia Pacific synthetic diamond industry is anticipated to experience fastest growth during the projection period.
Growing Industrial Demand Fueling Synthetic Diamond Market Growth
Coherent Market Insights’ latest synthetic diamond market report highlights prominent factors driving industry growth. Expanding industrial applications of synthetic diamonds is one such major growth driver.
Synthetic diamonds are being increasingly used in cutting, grinding, drilling, and polishing tools across various industries. This is due to their advantages, such as consistent quality, low cost, easy availability, and reduced environmental impact compared to mined diamonds.
Many industries are shifting their preference towards synthetic diamond-based tools. For instance, polycrystalline diamond (PCD) cutting tools are employed for machining hard metals like titanium and tungsten carbide.
Similarly, synthetic diamonds are replacing natural diamonds in drilling applications. They are being widely used in mining and oil exploration owing to their ability to withstand extreme conditions. These expanding applications across automotive, aerospace, electronics, and tool-making industries are expected to boost the synthetic diamond market growth.
Natural Diamond Preference Challenging Market Growth
The future synthetic diamond market outlook looks bright. However, consumer preference for natural diamonds due to their perceived rarity and value continues to pose a challenge to widespread market expansion.
Despite being more affordable and sustainable, synthetic diamonds still face resistance from traditional jewelers and buyers who view natural stones as more authentic and prestigious. This might dampen synthetic diamond market demand during the forthcoming period.
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