Nanodiamonds Market By Application (Finish polishing, Electroplating & Anti-Wear/Friction Coatings, Oil compounds, Others (Drug Delivery, Composites, Supercapacitors, Skincare, Batteries)), By Geography, Size and Industry Analysis, Forecast 2021-2030

Industry Report and Statistics (Facts & Figures) - Sales & Demand by Application
 

The global nanodiamonds market size was $124.55 Billion in 2021 and is predicted to reach $371.48 Billion by 2030, representing a CAGR of 19% during the forecast period 2021-2030.

 

The Asia Pacific/APAC region dominated the market with a share of around 47.11 % in 2020 and is expected to be the most significant region worldwide.

 

Diamond is one of the carbon allotropes with exceptional hardness, friction coefficient, thermal conductivity, insulating properties, and refractive index. A large, exceptionally pure diamond is suitable for jewellery. Furthermore, diamond is the hardest natural substance, and it is widely used in industry for cutting and polishing equipment.

 

Nanodiamond (N.D.) is a nanoparticle with a diamond-like crystal structure and exceptional diamond-like characteristics. It is a synthetic compound used in polishing tools and engine oil additives. Methods like including the detonation of a carbon-producing explosion and catalysis can be used to make these tiny diamonds. One of two methods is used to create explosive Nanodiamonds. One way is to add graphite to an explosives system and expose the carbon to the shock wave of an explosive detonation. Another option is to set off a carbon-producing explosive inside a large conduit. A portion of the carbon is transformed into diamond in both circumstances, while the rest stays as graphite, which can be burned with the help of powerful acids.

 

Detonation nanodiamonds is a diamond substance generated by the detonation of an explosive. Nanodiamonds can also be made by ultrasonic cavitation from a graphite suspension in an organic liquid at room temperature and atmospheric pressure. Chemical Vapour Deposition is an alternate approach that includes progressively depositing diamond on a substrate using a filament, a gaseous carbon source, and microwave energy. Small volumes of high-grade Nanodiamonds can be produced using these methods. According to research performed in 2020, it was discovered that Russia was the largest producer of Nanodiamonds in the world (24 million carats), followed by Canada (17 million carats), Botswana (13 million carats), Angola (8 million carats), South Africa (4 million carats), Republic of Congo (3 million carats), & Others (5 million carats). Nanodiamonds is commonly utilized in speciality coatings, lapping, and polishing and as a polymer processing ingredient. Nanodiamonds has long been used as a lubricant addition to minimizing the friction between moving parts and boosting utility. Data storage using optical computing, quantum computing, and medicine administration to the body are two new uses. The Nanodiamonds market trends like growing demands for Nanodiamonds in the biomedical industry and increased usage of lubricating oil and grease in the vehicle industry are driving the market.

Market Dynamics:

Market Drivers: - (Increasing preferences in the biomedical sector for applications like medicine delivery, bio-imaging etc.)

• The worldwide Nanodiamonds market is being driven by increased preferences for Nanodiamonds in the biomedical sector. Nanodiamonds are used in various applications, including tissue engineering, thermal management, bio-imaging, and drug delivery. Nanodiamonds is used in various biological applications, including gene therapy, skin care, surgery, medication delivery, protein isolation, and so on. It is frequently employed in biomedical applications such as cancer treatments, radiology, nanotherapy, infection diagnosis, In-vitro diagnostics (blood testing), antipathogenic systems, bio-probes, and bio-labelling due to its chemical stability, distinctive surface, and structure. According to a study led by UCL academics, nanodiamonds' quantum sensing abilities can be utilized to enhance the efficiency of paper-based diagnostic procedures, potentially allowing for early diagnosis of diseases such as HIV. According to the Minority HIV/AIDS Fund (MHAF), in 2020, around 84 % of persons living with HIV in the world knew their HIV status. The remaining 16 % (about 6.0 million people) still required HIV testing. Also, in 2020, an estimated 1.5 million people worldwide got infected with HIV, representing a 31% decrease in new HIV infections since 2010.

 

According to research published in Nature journal, affordable Nanodiamonds could indicate the existence of an HIV disease marker with a sensitivity thousands of times greater than gold nanoparticles commonly employed in similar tests. This enhanced sensitivity allows for the detection of lower viral loads, implying that the test could identify lower levels of disease or detect disease at the initial phases, which is critical for minimizing the risk of infection and successful treatment of diseases like HIV. It's also utilized as a coating for surgical instruments, sensors and implants. Nanodiamonds are also used in the diagnosis of diseases. These considerations drive the industry for Nanodiamonds.

 

Market Restraints: - (Inadequate functionalization of Nanodiamonds with coating materials and availability of substitute nanomaterials)

• The Nanodiamonds market is likely to be restrained by inadequate functionalization of Nanodiamonds with coating materials and the availability of substitute nanomaterials such as graphene, nano-silica polymers, carbon nanotubes, carbon nanoparticles, fullerenes, and carbon nanohorns.

 

Opportunities: - (Growing demand for lubricating oil and grease)

• Because Nanodiamonds can be utilized as additives in various lubricating oils, the increased use of lubricating oil and grease in the vehicle industry is expected to provide profitable prospects for the Nanodiamonds market. According to McKinsey, the worldwide lubricants value pool will expand 44 % by 2035, owing to the growing penetration of higher-margin branded or sophisticated goods, mainly synthetics, and rising demand from the industry. By 2035, emerging markets are predicted to increase at a rate of 3% per year, three times that of industrialized countries, adding $8 billion to the industry value. Nanodiamonds has long been used as a lubricant addition to minimizing friction between moving parts and boosting utility. The presence of lubricating oil companies' manufacturing bases, such as Fuchs, Shell, Valvoline, and Gulf lubricants, has fuelled the global market, and this trend is likely to continue over the forecasted period.

Global Nanodiamonds Market Analysis Of Different Segmentations:

The Global Nanodiamonds Market segmentation analysis is based on Application and Region.

Based on Application

• Finish polishing

• Electroplating & Anti-Wear/Friction Coatings

• Oil compounds

• Others (Drug Delivery, Composites, Supercapacitors, Skincare, Batteries)

 

Based on Region

North America

• The U.S.

• Canada

 

Europe

• France

• The UK

• Spain

• Germany

• Italy

• Rest of Europe

 

Asia Pacific

• China

• Japan

• India

• South Korea

• Southeast Asia

• Rest of Asia Pacific

 

Latin America

• Brazil

• Mexico

• Rest of Latin America

 

Middle East & Africa

• GCC

• South Africa

• Rest of the Middle East & Africa

 

Based on the application, because Nanodiamonds are widely used in coating and polishing applications, the Finish Polishing category is predicted to hold the biggest market share of nearly 73.27% in the global nano diamonds market. The finish polishing application will grow at a CAGR of 12.4% during the projected period. The continuous rise in the demand for residential, industrial & commercial structures is anticipated to boost the use of finish polishing products. In 2020, the SEMI Silicon Manufacturers Group (SMG) announced that the silicon wafer area shipments surged globally whereas the revenue remained unaltered from 2019 at $11,170 million. The size of the Silicon shipments was nearly 12,407 million square inches (MSI), as compared to 11,810 MSI that was shipped in 2019. Moreover, the increasing use of Nanodiamonds in higher precision polishing formulations, such as silicon wafer polishing, glass & ceramics polishing, is also a primary driver of this segment's growth.

 

Based on the region, the Asia Pacific region led the market with a share of around 43.77% and is expected to continue due to the growing use of Nanodiamonds in the automotive and biomedical sectors. Around 32 million passenger automobiles are expected to be sold in the Asia-Pacific area, including the Middle East, in 2020, with 20.18 million sold in China. China is the world's largest producer of automobiles, with most of them sold domestically. Malaysia's automotive sector includes 27 vehicle manufacturers and approximately 640 component makers. With a yearly production output of over 500,000 automobiles, Malaysia's automotive sector is the third-largest in Southeast Asia and the 23rd largest globally. The automobile industry generates 4% of Malaysia's GDP or RM 40 billion throughout the ecosystem. Hence in the Asia Pacific, the presence of lubricating oil and grease manufacturers, Nanodiamonds battery makers and medical OEM manufacturers is expected to enhance the Nanodiamonds battery usage. China is the world's largest manufacturer of Nanodiamonds and is imported by several countries.

 

Report Attribute	Details
Forecast Period	2021 – 2030
The market size value in 2021	USD 371.48 million
The revenue forecast in 2030	USD 124.55 Billion
Growth rate	CAGR of 19% %
The base year for estimation	2021
Historical data	2015 – 2019
Unit	USD Billion, CAGR (2020 - 2030)
Segmentation	By Application, By Region
By Application	Finish polishing, Electroplating & Anti-Wear/Friction Coatings, Oil compounds, Others
By Region	Asia-Pacific, Europe, Middle East & Africa, North America, and Latin America
Country Scope	US, Mexico, Canada, Germany, UK, France, China, Japan, India etc.
Company Usability Profiles	Kerridge Commercial Systems Limited, Ray Techniques Ltd, Daicel Corporation, SINO-CRYSTAL MICRO-DIAMOND, FND BIOTECH, Adámas Nanotechnologies, SINTA, TONG LI TECH CO LTD., Columbus NanoWorks Inc, NVISION IMAGING Technologies GmbH, MICRODIAMANT AG

 

Global Nano Diamonds Market Competitive Landscape Analysis

The competitive landscape analysis gives an overview of some prominent players operating in the market. Product innovation and continued R&D operations to create sophisticated technologies have assisted the market growth. In the target market, some of the leading Global Nanodiamonds Market companies are:

• CARBODEON LTD. OY

• Kerridge Commercial Systems Limited

• Ray Techniques Ltd

• Daicel Corporation

• SINO-CRYSTAL MICRO-DIAMOND

• FND BIOTECH

• Adámas Nanotechnologies

• SINTA

• TONG LI TECH CO LTD.

• Columbus NanoWorks Inc

• NVISION IMAGING Technologies GmbH

• MICRODIAMANT AG

• NanoCarbon Institute Co., Ltd.

Recent Developments:

• On April 2022, without using explosives, ultra-uniform Nanodiamonds were created, which have important potential in medication delivery, sensors, and quantum computer processors. University of North Texas researchers found a method for growing ultra-uniform Nanodiamonds without using explosives. The findings were reported at the American Chemical Society's spring conference in San Diego, hosted virtually and in person.

 

• On June 2021, Daicel created the first single-digit nanometre-sized fluorescent Nanodiamonds with a silicon-vacancy centre (SiV-ND). Due to its outstanding fluorescent qualities of stable fluorescence emission at a biotissue-permeable wavelength and its exceedingly small size and biocompatibility, SiV-ND is projected to be employed as a fluorescent probe in biosensing and bioimaging.

 

• On January 2021, to test the thermal characteristics of cells, a team of scientists from The University of Queensland, Osaka University, and the National University of Singapore's Faculty of Engineering utilized microscopic Nanodiamonds covered with a heat-releasing polymer. The sensors operated as warmers and thermometers when bombarded with laser light, allowing the thermal conductivity of the interior of a cell to be estimated. This research could lead to the development of a new class of heat-based medicines for eliminating bacteria and cancer cells.

 

Various devices that the market leaders are manufacturing are:

Name	Feature	Key Player
PLA + diamond	Carbodeon uDiamond PLA (polylactic acid) is a diamond-enhanced 3D printing filament from Carbodeon. It comprises Nanodiamonds particles that have been functionalized. Nanodiamonds are spherical and act as a lubricant during filament extrusion, reducing nozzle wear. The material's improved heat conductivity allows for printing speeds of up to 500mm/s.	Carbodeon
ND-Galvano	20 wt% Nanodiamonds water slurry is used as an electrolyte addition to galvanic coatings to improve wear and corrosion resistance.	RAY Techniques LTD.
NV FND	A unique coating on Cymaris Coated NV FNDs provides a much higher level of reactive specificity. Enhanced water solubility, reduced aggregation, Monodispersity, and reduced immunogenicity are advantages of this compound. These probes contain N-Hydroxysuccinimide (NHS) groups or surface functional alcohols, which can be utilized to make bespoke conjugates of ultrabright and photostable fluorescently labelled proteins, antibodies, or other biopolymers for a variety of labelling and tracking applications.	Columbus NanoWorks Inc