The global diamond slurry market is anticipated to reach $165.1 million in 2022 and increase at a respectable compound yearly growth rate (CAGR) of 5.6% between 2022 and 2032, according to market research and competitive intelligence source Fact.MR. expected.
The adoption of fibre optic technology will boost the demand for semiconductors as the demand for semiconductors rises to match the manufacture of automobiles, smartphones, integrated circuits, and other electronic products. Silicon and silica glass are two common semiconductors utilised in the production of telecom textiles.
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With the miniaturization of semiconductor devices, the semiconductor industry is under strong pressure to preserve the quality of materials, and high-gloss surface quality on both sides of the material is crucial. The number of mobile devices such as smartphones and tablets and their accessories is growing rapidly.
Semiconductors are used in electric vehicles for a variety of functions such as sensing, display, power management, safety features and control. Several government initiatives and rising fuel prices across the globe have boosted the demand for electric vehicles. Owing to the growth of the semiconductor market, the demand for lapping and polishing is expected to witness significant growth in the coming years.
Highlights of market research
- The global diamond slurry market is projected to grow at a rate of 5.6% to reach $286.1 million by 2032.
- The market expanded at a CAGR of 3.9% between 2017 and 2021.
- By type, oil-based diamond slurry dominates the market and is valued at $60.2 million in 2022.
- Diamond-type monocrystals dominate the market with a share of 43.4% in 2022.
- East Asia leads the global market with a market share of 29.8% in 2021.
- Europe and East Asia are expected to hold a 54.1% market share in 2022.
“ Increasing demand for semiconductors and increasing demand for compact devices, especially in the automotive and electronics industries, will drive the growth of the diamond slurry market , ” said Fact.MR analyst .
Market Opening
Technological advances such as environmentally friendly diamond slurries, application-specific diamond slurries, specially formulated slurries for different types of polishing pads and lapping plates have had a significant impact on the market. Additionally, the adoption of diamond slurry as an abrasive in various end products has dynamically changed the overall diamond slurry market landscape.
As more and more products require a mirror-like finish across multiple areas, the need to create new polishing and lapping solutions will increase. The largest applications for this product are semiconductor, automotive, medical, optics, metallurgy and aerospace. Therefore, key market players are looking to expand their products to increase their market share.
Competitive Dashboard
Suppliers of diamond slurry are focusing on increasing the efficiency of their products.
- Engis ltd, by working closely with ball valve manufacturers, launched a service ball valve diamond lapping gel. It is to be used in ball valve lapping applications in the end-use industries of petro-chemical refining and oil & gas production.
In a recently published report, Fact.MR provided detailed information on price points, revenue growth, production capacity and speculative technology expansions for major manufacturers of diamond slurries located across regions.
Market Titans
- Algasan International
- ALLIED HIGH TECH PRODUCTS, INC.
- Diamond Tool and Abrasives, Inc.
- Dopa Diamond Tools
- Engis Corporation
- Entegris
- Hyperion Materials & Technologies
- LAM PLAN SA
- Mark V lab
- Saint-Gobain
Industry Research Segmentation
- By Type:
- Water-based Diamond Slurry
- Lubricant-based Diamond Slurry
- Oil-based Diamond Slurry
- Alcohol-based Diamond Slurry
- By Diamond Type:
- Monocrystalline
- Polycrystalline
- Nano
- By Viscosity:
- Low Viscosity
- Medium Viscosity
- High Viscosity
- By Micron Size:
- Up to 10 μ
- 10-30 μ
- Above 30 μ
- By End-use Industry:
- Semiconductor Industry
- Optics and Photonics Industry
- Advanced Ceramics Industry
- Metal Industry
- Other Industries
- By Process:
- Lapping
- Polishing
- By Region:
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East & Africa
More Valuable Insights
Fact.MR presents an unbiased analysis of the global diamond slurry market in new products, presents historical market data (2017–2021) and forecast statistics for the period 2022–2032.
This study was conducted on the type (aqueous, lubricant-based, oil-based, alcohol-based), diamond type (single crystal, polycrystalline, nano), viscosity (low, medium, high), micron size (up to 10 μ, 10–30 μ, 30 μ). μ or higher), end-use industries (semiconductor industry, optics and photonics industry, advanced ceramics industry, metal industry, other industries) and processes (lapping, polishing), major regions of the world (North America, Latin America, Europe, Asia Pacific, Middle East) and Africa).
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