North America Diamond Like Carbon Market

Market Introduction

The growing usage of DLC coating in industrial applications is fueling market growth. It is used in industrial components and machinery for various parts such as pistons, plungers, dies, ejector pins, sliding machine parts, gears, and mechanical seals. The DLC coating is used for industrial components to improve the useful life of compacting tooling, packaging knives, press tooling, and wear surfaces. A high surface hardness provides lower wear and improved reliability. Thus, low friction means less energy loss and improved performance. Thus, the increasing initiatives for enhancing industrial operations have fueled the market growth. For instance, in July 2021, the Government of Canada announced its plan to invest US$ 420 million to ensure optimal operation of an industrial plant and phase out coal-fired steelmaking processes at the facility in Ontario. Thus, the booming investment prospectus in the industrial sector is expected to drive the diamond-like carbon market over the forecast period. Furthermore, many domestic and international companies have a strong foothold in North America. The key players operating in the North America diamond-like carbon market include Materion Corporation; ACREE TECHNOLOGIES INC.; Richter Precision, Inc.; HEF USA, and Knight Optical. The manufacturers in the region are investing substantially in the research and development of diamond-like carbon, which is expected to boost the growth of the diamond-like carbon market in North America in the near future.

The COVID-19 pandemic has drastically changed the status of the manufacturing industry and hampered the growth of the North America diamond like carbon market. Implementing measures to combat the spread of the novel coronavirus that causes COVID-19 has aggravated the situation and negatively influenced the development of numerous industries. Industries such as automotive and aviation have been impacted by the sudden disruptions in the value chains and distortion in operational efficiencies due to the immediate closure of international and national boundaries. Moreover, the pandemic disrupted product orders and deliveries, along with the cancellations and backlogs of orders. The significant decline in the growth of several industries such as automotive and aviation sectors reduced the demand for diamond like carbon in the North American market. The substantial disruptions in sourcing raw materials from suppliers and the temporary closures of the manufacturing bases due to indefinite lockdowns and temporary quarantines have negatively impacted the North America diamond like carbon market during the pandemic.

North America Diamond Like Carbon Strategic Insights

Strategic insights for the North America Diamond Like Carbon provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Diamond Like Carbon Report Scope

North America Diamond Like Carbon Regional Insights

The geographic scope of the North America Diamond Like Carbon refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Market Overview and Dynamics

The diamond like carbon market in North America is expected to grow from US$ 279.01

million in 2021 to US$ 394.89

million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028. Increasing demand for manufacturing machineries; manufacturing is among the major GDP contributors in most economies throughout the region. Companies are focusing on the development of manufacturing machinery which can continue production for a longer period and lower maintenance costs. Further, improved machinery can increase the mass production capabilities of the companies. The use of DLC in manufacturing machinery tends to increase the life of the machines and lower the overall maintenance costs and downtimes due to various properties of DLC, including lower friction and high hardness. Countries throughout the region are growing and gradually increasing their manufacturing capabilities. Additionally, many companies in the region are replacing older machinery with advanced equipment, which can increase the overall productivity of the manufacturing unit. Thus, the adoption of modern manufacturing machines is expected to be a major market trend, thereby driving the North America diamond like carbon market during the forecast period.

Key Market Segments

Based on type, the North America diamond like carbon market is segmented into pure DLC and mixed DLC. In 2020, the mixed DLC segment held the largest share North America diamond like carbon market. Based on application, the North America diamond like carbon market is segmented into drill bits and milling cutters, saws and blades, dies and molds, inserts, and others. In 2020, the others segment held the largest share North America diamond like carbon market. Based on end use, the North America diamond like carbon market is segmented into automotive, medical, packaging, electronics, cosmetics, and others. In 2020, the automotive segment held the largest share North America diamond like carbon market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the diamond like carbon market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bunty LLC; Dynasil Corporation; HEF Group; IBC Coatings Technologies, LTD; IHI Ionbond Ag; Micromatter Technologies Inc; Norseld Pty Ltd; Oerlikon Groups, Inc; and Richter Precision Inc; among others.

Reasons to buy report

• To understand the North America diamond like carbon market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America diamond like carbon market
• Efficiently plan M&A and partnership deals in North America diamond like carbon market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America diamond like carbon market
• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

NORTH AMERICA DIAMOND LIKE CARBON MARKET SEGMENTATION

By Type

• Pure DLC
• Mixed DLC

By

Application

• Drill Bits and Milling Cutters
• Saws and Blades
• Dies and Moulds
• Inserts
• Others

By

End Use

• Automotive
• Medical
• Packaging
• Electronics
• Cosmetics
• Others

By Country

• US
• Canada
• Mexico

Company Profiles

• Bunty LLC
• Dynasil Corporation
• HEF Group
• IBC Coatings Technologies, LTD
• IHI Ionbond Ag
• Micromatter Technologies Inc
• Norseld Pty Ltd
• Oerlikon Groups, Inc
• Richter Precision Inc