Europe Diamond Like Carbon Market

Market Introduction

Europe is one of the significant regions comprising Germany, France, Italy, the UK, Russia, and the Rest of Europe. The diamond-like carbon market across Europe is expected to register notable growth in the coming years, owing to the rapidly growing medical sector and rising demand from the automotive industry across the region. According to the European Commission, in 2020, passenger car sales in 30 European countries increased by 27.1% to 6.49 million units for January-June 2021 compared to the previous year. The DLC film has unique properties of natural diamond, such as low friction, high hardness, high corrosion resistance, excellent adhesion to substrate material, and adhesive wear resistance. Thus, it is most widely used in the aerospace industry, wherein it is operated under harsh environments providing higher efficiency and versatility. For instance, in September 2021, Kongsberg Defence & Aerospace, a leading supplier of remote weapon stations, signed two contracts with Ariane Group, the lead industrial contractor and design authority to Europe's new Ariane 6 launcher. The contract is a 30-year frame agreement with a value of around US$ 233 million. Thus, the increasing investment in the aerospace industry is fueling the usage of DLC film in the aerospace industry, which is driving the market.

In Europe, France and Italy recorded the highest number of COVID-19 cases as of June 2021. Moreover, Russia, the UK, and Germany are among the worst-hit countries and are expected to suffer an economic hit due to the lack of revenue from various industries. The manufacturing industry across Europe has been severely impacted by the COVID-19 pandemic, owing to a decline in manufacturing activities. This has negatively impacted the demand for diamond like carbon in Europe. However, with the European population getting vaccinated, this impact is expected to ease out in the coming years, leading to positive growth of the diamond like carbon market across the region.

Market Overview and Dynamics

The diamond like carbon market in Europe is expected to grow from US$ 329.52 million in 2021 to US$ 481.47 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028. Growing demand for medical devices; medical industry has developed rapidly in recent years, primarily due to the rise in investments in research and development in the industry. Some of the common medical devices that use diamond like carbon are prosthetic devices, surgical tools, cardiovascular implants, and dental implants, among others. DLC coating on medical devices increases the life of the device and lowers friction. The demand for surgical instruments has grown rapidly in the healthcare industry, mainly due to growth of the medical industry. The demand for prosthetics is also growing rapidly, owing to the decline in manufacturing costs and increase in the number of adult patients over the age of 65. Further, the growing number of vehicular accidents has substantially driven the demand for prosthetics. According to the Association for Safe International Road Travel data, approximately 35 million individuals were disabled or injured in road traffic accidents in 2019. Additionally, the increase in cases of osteosarcoma is also a major factor driving the demand for medical devices. Thus, the increasing use of diamond like carbon in the medical devices market is expected to drive the Europe diamond like carbon market during the forecast period.

Key Market Segments

Based on type, the Europe diamond like carbon market is segmented into pure DLC and mixed DLC. In 2020, the mixed DLC segment held the largest share Europe diamond like carbon market. Based on application, the Europe 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 Europe diamond like carbon market. Based on end use, the Europe diamond like carbon market is segmented into automotive, medical, packaging, electronics, cosmetics, and others. In 2020, the automotive segment held the largest share Europe 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 Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Dynasil Corporation; HEF Group; IHI Ionbond Ag; Norseld Pty Ltd; Oerlikon Groups, Inc; and Wallwork Heat Treatment Ltd; among others.

Reasons to buy report

• To understand the Europe 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 Europe diamond like carbon market
• Efficiently plan M&A and partnership deals in Europe 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 Europe diamond like carbon market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

EUROPE 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

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe 

Company Profiles

• Dynasil Corporation
• HEF Group
• IHI Ionbond Ag
• Norseld Pty Ltd
• Oerlikon Groups, Inc
• Wallwork Heat Treatment Ltd

Europe Diamond Like Carbon Market Strategic Insights

Europe Diamond Like CarbonMarket Report Highlights

Europe Diamond Like Carbon Market Country and Regional Insights