Global Diamond Coatings Market 2018-2022| Cost Advantage to Boost Demand| Technavio
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180803005308/en/
Technavio has published a new market research report on the global diamond coatings market from 2018-2022. (Graphic: Business Wire)
New oil and gas discoveries is one of the major trends being witnessed in the . The oil and gas industry has been growing moderately since 2016, after the rise in the prices of crude oil with growth in investments in the upstream sector. The industry has witnessed many significant discoveries over the last few years, which will have a significant impact in the future.
According to Technavio analysts, one of the key factors contributing to the growth of the global diamond coatings market is the cost advantage of diamond coatings:
Global diamond coatings market: Cost advantage of diamond coatings
The low cost of diamond coatings in comparison with industrial diamonds is one of the key factors driving the market. The physical and chemical properties of diamond coatings and industrial diamonds are almost the same. They also offer the same toughness and other physical properties.
According to a senior analyst at Technavio for research on paints, coatings, and pigments, “Diamonds grains can easily break off from diamond grain-based cutting and grinding tools, which are difficult to affix and decrease the operational life of tools; whereas, diamond-coated tools are equally draped by diamond particles and do not exhibit diamond chipping concerns. This allows diamond-coated tools to offer a comparatively higher service life than diamond grain-based tools and other conventional tools.”
Global diamond coatings market: Segmentation analysis
The global diamond coatings market research report provides market segmentation by end-user (electronics, mechanical, industrial, medical, and automotive), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The electronics segment held the largest market share in 2017, accounting for nearly 25% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
EMEA led the market in 2017 with a market share of nearly 38%. The market share occupied by this region is anticipated to increase during 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180803005308/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING CHEMICALS/PLASTICS NATURAL RESOURCES MINING/MINERALS
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 08/03/2018 09:48 AM/DISC: 08/03/2018 09:48 AM