Global Polycrystalline Diamond (PCD) Market Size Likely to Reach at a CAGR of 9% By 2034

Global Polycrystalline Diamond (PCD) Market size is projected to experience significant growth from 2025 to 2034. The market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of approximately 9% during the forecast period, with the market size estimated at USD 5,397.45 Million in 2025 and expected to reach USD 10,245.96 Million by 2034.

Polycrystalline Diamond Market: Growth Factors and Dynamics

In the presence of a catalytic metal, polycrystalline diamond (PCD) is diamond dust that has been fused together under high-pressure and high-temperature conditions. Diamond is an optimal material for the production of cutting instruments due to its exceptional thermal conductivity, wear resistance, and hardness. PCD is a synthetic substance that is produced by the fusion of diamond fragments under high pressure and heat.

The remarkable cutting and machining capabilities of polycrystalline diamonds are one of the primary factors for their increasing popularity in the market. PCD cutting tools are frequently regarded as the optimal choice for machining challenging materials, including composites, ceramics, and nonferrous metals, as a result of their exceptional thermal conductivity, fatigue resistance, and hardness.

Another factor that contributes to the demand for PCD is its extended tool life. PCD cutting tools have the potential to outlast conventional cutting tools that are constructed from high-speed steel or carbide, thereby reducing the need for tool replacement and enhancing production efficiency.

PCD tools also produce less heat and tool wear during the cutting process, which reduces the likelihood of workpiece injury and enhances dimensional accuracy. The demand for high-precision machining and surface finishing in industries such as aerospace, automotive, and medical is increasing, which is propelling the utilization of PCD.

In order to achieve high-quality surface finishes with minimal distortion and burrs, PCD equipment is necessary for numerous precision machining applications. The market growth is anticipated to be influenced by all of these factors during the forecast period.

In comparison to other cutting and drilling instruments, polycrystalline diamond is a somewhat expensive material, which is expected to restrict its use in certain sectors. It is anticipated that the high initial investment cost will serve as a deterrent for small and medium-sized firms or underdeveloped nations with restricted financial resources.

The availability of raw materials and the capacity of businesses to conduct business in specific countries may be impacted by these factors, which is anticipated to impede the growth of the polycrystalline diamond market during the forecast period.

The utilization of polycrystalline diamond in the construction of residential and commercial structures is increasing globally as a result of the expanding population and the enhancement of infrastructure. The polycrystalline diamond market is expected to experience significant development due to the widespread use of marble and granite in the construction sector.

The utilization of diamond tools is being driven by the construction industry as a result of the precise size and thickness requirements of the granite stones utilized in the foundations of lofty structures. It is anticipated that these factors will contribute to the market’s expansion in the years ahead.

Report Scope

Polycrystalline Diamond Market: Impact of COVID-19

The demand from the semiconductor, aerospace, and automotive industries is directly proportional to the sales of polycrystalline diamonds. Nevertheless, the COVID-19 pandemic had a detrimental effect on the production and demand for polycrystalline diamonds, as it disrupted the supply chain in a variety of sectors, including aerospace and automotive.

The market experienced a substantial decline during the pandemic as a result of the cessation of numerous industrial operations and manufacturing activities. Nevertheless, the market is expected to experience substantial growth in the post-pandemic period as the world begins to recover from the effects of the global health hazard.

New opportunities for the utilization of polycrystalline diamonds in industries such as electrical products and medical care were also generated by the global crisis. PDC Market is employed in the production of electronic components and healthcare equipment, both of which are in high demand as a consequence of the pandemic.

List of the prominent players in the Polycrystalline Diamond (PCD) Market:

• Element Six
• Diamant Boart
• Sandvik AB
• De Beers Group
• Industrial Diamonds Inc.
• Advanced Diamond Technologies Inc.
• Norton (Saint-Gobain)
• Sumitomo Electric Industries Ltd.
• Kumho Polychem
• Hu diamond technology
• Makers of Synthetic Diamonds Ltd.
• Bosch
• Micron Precision Tools
• Mitsubishi Materials Corporation
• CITCO Tools
• Zhongnan Diamond
• Jingpeng Diamond
• Kurt J. Lesker Company
• NanoDiamond Products LLC
• GRM Diamond Tools Co. Ltd.
• Others

The Polycrystalline Diamond (PCD) Market is segmented as follows:

By Type

• PCD Milling Tools
• PCD Turning Tools
• Others

By Application

• Automotive
• Machinery
• Aerospace
• Semiconductors
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America