World Diamond Wire Market Research Report and Forecast to 2024: Ken Research
Diamond wire is a new development in the fire of diamond cutting. The diamond wire comprises micron-sized particles, for instance, diamond beads or grains adhered to a solid core wire. These diamond beads or grains have different shapes & sizes such as conical beads and cylindrical beads. It is used as an abrasive cutting tool for various hard-material-cutting applications including slicing, cropping, bricking, squaring, and cutting. It is used in the stone & marble industry for cutting purposes, heavy construction and pier/tower/bridge demolition. It is also used in wafering, cropping, and lapping/grinding processes in electronics applications. The key benefits are increased reliability, improved cutting efficiency, and reduction in waste.
According to the study, “World Diamond Wire Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world diamond wire market are Asahi Diamond Industrial Co. Ltd., JFS, Meyer Burger Technology AG, Nippon Seisen, SCHMID, Nakamura Choukou, Zhejiang Ruiyi, Diamond Pauber, Logomatic, A.L.M.T., Diamond WireTec GmbH & Co.KG, Tony Tech, Logomatic GmbH, ILJIN Diamond Co. Ltd., Bekaert, Noritake Co. Ltd., Dellas SPA, Pulitor, DIAT New Material, CO.FI. Plast SRL, Solga Diamant, Henan Yicheng, Sino-Crystal Diamond, Nanjing Sanchao, READ. The key companies are competing with each other based on cost, consistency, quality, and aftermarket service.
Based on type, diamond wire market is segmented into resin diamond wire, vacuum-brazed diamond wire, electroplated diamond wire, and sintered diamond wire. Electroplated diamond wire is used to slice hard materials for instance silicon, silicon carbide, sapphire, gallium nitride, and magnetic materials while vacuum-brazed diamond wires are used for grout or concrete applications. In addition, stone or sintered diamond wires are used for concrete applications. Based on product type, the market is segmented into ring coated saw wire and long diamond saw wire. Based on application, the market is segmented into LED sapphire cutting, solar silicon cutting, quartz cutting, and others. Additionally, based on end-use industries, the market is segmented into photovoltaic (PV) cells, optical, stone & marble, semiconductors, and others. Photovoltaic cells and semiconductors in electronics applications segments are expected to witness higher growth rate owing to the rise in adoption of IoT devices & artificial intelligence (AI) over the forecast period.
The diamond wire market is driven by an increase in technological advancements, followed by rising in demand from various end-use industries, for instance, PV silicon wafer and electronics, increase in urbanization and increase in building & construction activities. However, the inefficiency of wire after a few cuts and high cost of diamond wire cutters may impact the market.
Based on geography, Asian-Pacific the region holds a major share in diamond wire market owing to rapid industrialization in developing economies in the region such as Japan, China, and South Korea. North-American and European regions are expected to witness higher growth rate due to growth in infrastructure development and constant advancements in the construction industry over the forecast period. Moreover, the increase in potential application & end-user along with continuous research & development (R&D) and advanced technology will stimulate the growth of diamond wire market in upcoming years. It is anticipated that the market will be reached at the US $ 5160 million by 2024.
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Ankur Gupta, Head Marketing & Communications