The diamond wire market is estimated to be valued at US$964.208 million in 2019 and is expected to grow at a CAGR of 24.64% over the forecast period to reach a total market size of US$4,505.808 million by 2026. The diamond wire is one of the recent developments in the fire of diamond cutting. Diamond wire cutting (DWC) is the process of using wire of various diameters and lengths, electroplated with diamond dust of various sizes to slice through difficult-to-cut materials like concrete. Owing to the hardness of diamonds, this cutting technique is very reliable and can cut through almost any material. The tools have been developed to offer an edge over traditional methods used for cutting. It provides an improved surface finish with better precision and speed and achieves cutting goals in less time at low noise and absence of vibrations. These advantages are generating more attention towards the diamond wire market.
The upsurge in demand from various end-use industries such as sapphire, PV silicon, and semiconductors is because of the reduction of time in the production of silicon wafers and the reduction of manufacturing costs. Moreover, the increase in the potential application with the ongoing technological advancement further propels the global diamond wire market growth. On the contrary, the high cost of diamond wire cutters and the inefficiency of wire after a few cuts may restrain its global growth.
Geographically, the market has been segmented into North America, South America, Europe, Asia Pacific, the Middle East, and Africa. Based on application, the global diamond wire market is segmented into Quartz Cutting, Sapphire Cutting, Solar Silicon Cutting, etc.
The diamond wire cutting technique is more efficient than traditional methods such as the bandsaw which uses saw teeth to cut slabs. It provides results fast, clean, gently, and requires less space and energy. It also has higher productivity than traditional methods.
The diamond wire cutting produces less kerf, and waste materials compared to solid blades. On very expensive materials, this could minimize the waste and prove to be cost-saving.
Diamond wire can be less robust than solid cutting blades, therefore snapping when fatigued, bent, jammed, or tangling and possibly break and whip.
Due to its unique nature, the diamond wire cutting process saws are usually tailor-made to handle diamond wire, therefore are expensive. Commercial saws that use solid blades can be augmented with diamond dust blades and thus may be more economical to operate in some areas. If the diamond wire were to snap in between, it could render the whole reel unusable.
The wire loses cutting effectiveness after a few cuts because most of the abrasives are worn off with use. Since the cutting time depends on the abrasiveness of the wire, the last cut may take much longer than the first cut making production timing less predictable.
The COVID-19 pandemic has affected a variety of markets, including the Global Diamond Wires market, but, they are adamant about adopting new strategies and seeking new financial resources in order to overcome the rising barriers to market growth.
|Market size value in 2019||US$964.208 million|
|Market size value in 2026||US$4,505.808 million|
|Growth Rate||CAGR of 24.64% from 2019 to 2026|
|Forecast Unit (Value)||USD Million|
|Segments covered||Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Nakamura Choukou Co., Ltd., Asahi Diamond Industrial Co., Ltd., Diamond Pauber, Zhengzhou Sino-Crystal Diamond Co., Ltd., Nanjing Sanchao New Materials Co., Ltd.|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What is the size of the global diamond wire market?
A1. Diamond Wire Market was valued at US$964.208 million in 2019.
Q2. What will be the diamond wire market size by 2026?
A2. The diamond wire market is expected to reach a total market size of US$4,505.808 million by 2026.
Q3. What are the growth prospects for the diamond wire market?
A3. The global diamond wire market is expected to grow at a CAGR of 24.64% during the forecast period.
Q4. What factors are anticipated to drive the diamond wire market growth?
A4. The increase in the potential application with the ongoing technological advancement propels the global diamond wire market growth.
Q5. How is the global diamond wire market segmented?
A5. The global diamond wire market has been segmented by application and geography.
Nakamura Choukou Co., Ltd.
Asahi Diamond Industrial Co., Ltd.
Zhengzhou Sino-Crystal Diamond Co., Ltd.
Nanjing Sanchao New Materials Co., Ltd.
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