Synthetic Diamond Market to expand at a CAGR of 7.2% during the period between 2019 and 2027

Category: Business

A recent research report published by Transparency Market Research projects the global synthetic diamond market to expand at a CAGR of 7.2% during the period between 2019 and 2027. The report, titled “Synthetic Diamond Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 – 2027,” estimates the global Synthetic Diamond to reach US$ 34.3 Bn by 2027, from US$ 18.3 bn in 2018. Segmental Outlook: Global Synthetic Diamond Market Geographically, Asia Pacific led the global synthetic diamonds market with around 45% share in 2018. The trend is expected to continue in the coming years. The growing demand from developing economies like India, Japan, and China are driving the demand in this region. North America, Europe, the Middle East, and Africa will also hold significant shares in the global synthetic diamonds market.