Diamond Powder Market Size

Diamond Powder Market size is anticipated to reach USD 556 Million by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of diamond powder was over USD 302 Million. The electronic, automotive, and aerospace industries are just a few of the fields where diamond powder has made a splash. Diamond powder is used as an exfoliant in skin care products to help reduce wrinkles and remove cellulite. For instance, the global skin care industry is expected to bring in USD 186.60 billion in sales by 2024. Furthermore, when diamond particles are present in trace levels, they exhibit spectral identities. Due to this characteristic, the pharmaceutical industry started an R&D process to incorporate diamond powder into medicine formulations at lower percentages.

In addition, diamond powder finds use in the optical sector. Because of its high refractive index and transparency, it's a great material to use for optical windows, prisms, and lenses. These elements are necessary in many disciplines, including microscopy, astronomy, and telecommunications. Superior light transmission is ensured by the use of diamond powder in optics, enabling crisper and more accurate images.