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VMR “Global Synthetic Diamond Market” projects market size of US$ 38.9 bn by 2030

According to Verified Market Research’s “Global Synthetic Diamond Market” report, the segment of Synthetic Diamond market size was valued at USD 21.2 Billion in 2021 and is projected to reach USD 38.9 Billion by 2030, growing at a CAGR of 7.1 % from 2023 to 2030.

Rising demand from the semiconductor and electronic industries is anticipated to propel market expansion. The market will benefit from rising demand for computer chips and other microchips widely used in various electronics, from coffee makers to cars. The market will grow due to the adoption of emerging technologies such as the Internet of Things, virtual reality, and artificial intelligence systems. The Global Synthetic Diamond Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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