The global diamond coatings market is experiencing good market growth and anticipated to register the significant growth in the market, due to its superior mechanical properties, corrosion resistance, biocompatibility, and others. Along with it, the use of these coatings are also increasing in biomedical application to ensure better prevention, diagnosis, and treatment of diseases.
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Based on technology, the diamond coatings market is segmented into chemical vapor deposition (CVD) and physical vapor deposition (PVD). On the basis of substrate, the diamond coatings market is categorized metal, ceramic, and composites. Among all these, the metal segment is anticipated to dominate the market in the coming years. Based on end-user, the plastic straps market are categorized into electronics, mechanical, Industrial, medical, automotive, and others.
Increasing demand for these coatings in the medical industry and superior properties which provides improvement in the life of cutting tools are some of the major factors that are driving the market growth.
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Asia-Pacific is anticipated to be the fastest growing market during the forecast period. This is attributed to various factors including, the region is attracting a lot of foreign investors, owing to the growing economies in the region, cheap labor availability, and easy availability of raw material.
Some of the major players operating in the diamond coatings market are NeoCoat SA, Oerlikon, Crystallume, D-Coat GmbH, Element Six, sp3 Diamond Technologies, Blue Wave Semiconductors, Advanced Diamond Technologies, Inc., Diamond Product Solutions, and JCS Technologies.
Source: VynZ Research
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