Dublin, Feb. 24, 2022 (GLOBE NEWSWIRE) -- The "Diamond like Carbon Market Forecast to 2028 - COVID-19 Impact and Global Analysis" report has been added to ResearchAndMarkets.com's offering.
The global diamond like carbon market is expected to grow from US$ 1,521.70 million in 2021 to US$ 2,248.80 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.
DLC coating is most widely used in the automotive industry for various parts such as bearings, valves, gears, cams, and shafts. Further, the rising demand for two-wheelers, primarily in Asia Pacific, is expected to substantially impact the growth of the automotive industry. The demand for surgical instruments has grown rapidly in the healthcare industry, mainly due to the growth of the medical industry. Some of the common medical devices that use diamond like carbon are prosthetic devices, cardiovascular implants, surgical tools, and dental implants, among others. Thus, the growing demand for DLC-coated automotive parts and medical devices is expected to drive the market during the forecast period.
Based on type insight, the diamond like carbon market is segmented into pure DLC and mixed DLC. The pure DLC segment accounted for a larger market share in 2020. The pure DLC coating is preferably used in automotive and medical industries, owing to its high hardness, high insulation, high wear resistance, low friction coefficient, high chemical stability, high anti-burning properties, and high biocompatibility properties. Based on application, the diamond like carbon market is segmented into drill bits and milling cutters, dies and molds, saws and blades, inserts, and others. The drilling bits and milling cutters segment is expected to grow, owing to an extremely hard coating that helps enhance the tool life and ensures a more controlled wear process.
The diamond like carbon market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Countries in Asia Pacific such as China, India, Australia, and Japan have many manufacturing industries, augmenting the demand for DLC coating, thereby propelling the market growth. The DLC coating is used in the automotive industry to reduce automobile engines' fuel consumption by reducing friction and pump components to prevent seizure. The increasing government initiatives in the automotive industry are fueling the market growth. For instance, India's Automotive Mission Plan FAME-II focuses on providing government support to its growing automotive sector and component manufacturing industry. Thus, the booming growth prospects in countries such as China, Japan, and India is one of the key factors fueling the growth of the diamond like carbon market.
The key players operating in the global diamond-like carbon market include IBC Coatings Technologies, LTD.; Oerlikon Groups, Inc.; Richter Precision Inc.; Norseld Pty Ltd; Bunty LLC; Wallwork Heat Treatment Ltd; Micromatter Technologies Inc.; HEF Group; IHI Ionbond Ag; and Dynasil Corporation.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the diamond like carbon market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Diamond Like Carbon Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material
4.4.2 Manufacturing/Processing:
4.4.3 Distributors:
4.4.4 End Users:
5. Diamond Like Carbon Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand from the Automobile Sector
5.1.2 Rising Demand for Medical Devices
5.2 Restraints
5.2.1 Increasing Raw Material Costs
5.3 Market Opportunities
5.3.1 Increasing Investments in In-House Manufacturing of Medical Devices
5.4 Future Trend
5.4.1 Increasing Demand for Manufacturing Machineries
5.5 Impact Analysis of Drivers and Restraints
6. Diamond Like Carbon - Global Market Analysis
6.1 Diamond Like Carbon Market Overview
6.2 Diamond Like Carbon Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Diamond Like Carbon Market Players
7. Diamond Like Carbon Market Analysis - By Type
7.1 Overview
7.2 Diamond Like Carbon Market, By Type (2020 and 2028)
7.3 Pure DLC
7.3.1 Overview
7.3.2 Pure DLC: Diamond Like Carbon Market - Revenue and Forecast to 2028 (US$ Mn)
7.4 Mixed DLC
7.4.1 Overview
7.4.2 Mixed DLC: Diamond Like Carbon Market - Revenue and Forecast to 2028 (US$ Mn)
8. Diamond Like Carbon Market Analysis - By Application
8.1 Overview
8.2 Diamond Like Carbon Market, By Application (2020 and 2028)
8.3 Drill Bits and Milling Cutters
8.3.1 Overview
8.3.2 Drill Bits and Milling Cutters: Diamond Like Carbon Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Saws and Blades
8.4.1 Overview
8.4.2 Saws and Blades: Diamond Like Carbon Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Dies and Molds
8.5.1 Overview
8.5.2 Dies and Molds: Diamond Like Carbon Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Inserts
8.6.1 Overview
8.6.2 Inserts: Diamond Like Carbon Market - Revenue and Forecast to 2028 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: Diamond Like Carbon Market - Revenue and Forecast to 2028 (US$ Mn)
9. Diamond Like Carbon Market Analysis - By End Use
9.1 Overview
9.2 Diamond Like Carbon Market, By End Use (2020 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Diamond Like Carbon Market - Revenue and Forecast to 2028 (US$ Mn)
9.4 Medical
9.4.1 Overview
9.4.2 Medical: Diamond Like Carbon Market - Revenue and Forecast to 2028 (US$ Mn)
9.5 Packaging
9.5.1 Overview
9.5.2 Packaging: Diamond Like Carbon Market - Revenue and Forecast to 2028 (US$ Mn)
9.6 Electronics
9.6.1 Overview
9.6.2 Electronics: Diamond Like Carbon Market - Revenue and Forecast to 2028 (US$ Mn)
9.7 Cosmetics
9.7.1 Overview
9.7.2 Cosmetics: Diamond Like Carbon Market - Revenue and Forecast to 2028 (US$ Mn)
9.8 Others
9.8.1 Overview
9.8.2 Others: Diamond Like Carbon Market - Revenue and Forecast to 2028 (US$ Mn)
10. Diamond Like Carbon Market - Geographic Analysis
11. Impact of COVID-19 Pandemic on Global Diamond like Carbon Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.6 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Product & Service Launch
12.2 Business Planning and Strategy
13. Company Profiles
13.1 IBC Coatings Technologies, LTD.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Oerlikon Groups, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Richter Precision Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Norseld Pty Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Bunty LLC
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Wallwork Heat Treatment Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Micromatter Technologies Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 HEF Group
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 IHI Ionbond Ag
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Dynasil Corporation
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/ry8gab
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