Report : North America Diamond Like Carbon Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Pure DLC and Mixed DLC), Application (Drill Bits and Milling Cutters, Saws and Blades, Dies and Molds, Inserts, and Others), and End Use (Automotive, Medical, Packaging, Electronics, Cosmetics, and Others)

Mixed DLC Segment to Dominate North America Diamond Like Carbon Market during 2019–2028

According to a new market research study on “North America Diamond Like Carbon Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Application, and End Use,” is expected to reach US$ 394.89 million by 2028 from US$ 279.01 million in 2021. The market is estimated to grow at a CAGR of 5.1% from 2021 to 2028. Rising demand for medical devices is the major factor driving the growth of the North America diamond like carbon market. However, increasing raw material costs may hinder the growth of North America diamond like carbon market. The report provides trends prevailing in the North America diamond like carbon market along with the drivers and restraints pertaining to the market growth.

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.

The North America diamond like carbon market is segmented into type, application, end use, and country. 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. On the basis of country, the diamond like carbon market is segmented into US, Canada, and Mexico. The US accounts for largest market share in the 2020.

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; are among the leading companies in the North America Diamond Like Carbon Market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, EMF, a subsidiary of Dynasil Corporation of America, developed the coating of chalcogenide substrates for infrared (IR) applications

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