Diamond tool industry leads the new revolution in manufacturing industries such as hardware

Like diamonds in the jewellery world, diamond tool products are also at the cutting edge in industrial applications, and high prices are the main promotion barrier. With the industry paying more attention to cost performance rather than just focusing on the cost of purchase, higher requirements are placed on the precision of processing, energy conservation and environmental protection standards are greatly improved, and the replacement of traditional tools by diamond tools will accelerate.


As a small number of high-end industries in China that rely on technological advantages to win 90% of global production capacity, diamond manufacturing will be driven by emerging applications such as photovoltaics and LEDs, and will usher in a peak of development under the overall promotion of China's industrial upgrading. China's diamond synthesis companies will share this feast as a major player to achieve their own rapid growth.


The potential replacement market is huge and demand remains high. The downstream of diamond tools includes building materials, machinery, mining, electronics, photovoltaics and other major fields. It is expected that the market penetration in various fields will be in the form of a step-like good structure. The application of photovoltaics, LEDs and other fields will achieve breakthroughs from scratch. The industry is growing rapidly and growing rapidly; the automotive machinery and other fields will mainly achieve breakthroughs in the Chinese market; traditional areas such as stone materials and building materials will continue to grow steadily. Initially, the global potential market for diamond materials and products has reached hundreds of billions of yuan, while the market for single crystal materials concentrated in China is also over 10 billion yuan, and the demand growth rate will remain above 25% CAGR.


Chinese companies control upstream single crystal synthesis. The current global division of labor in the diamond industry chain is China's control of upstream diamond single crystal synthesis, and developed countries have turned to the production of downstream polycrystalline composites and finished products. Different from other low-end manufacturing industries that rely on domestic labor and resource cost advantages to obtain the center of production capacity but with fierce competition and low profit margins, domestic synthetic diamond enterprises rely on independent research and development of six-sided synthetic press technology to win the European and American peers, and have passed the previous period. In the stage of disorderly competition, there are currently three leading companies with oligopoly and enjoy excessive profits.


Supply growth in an orderly manner. The supply of single crystal materials, which are mainly controlled by three domestic enterprises, will maintain an orderly growth. At present, the growth rate of the expansion plans of the three companies is about 10%, and it may be raised in the future. At the same time, taking into account the industry's rising barriers due to technology and financial barriers, potential competitors enter the cause of supply.

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