Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.40 Billion | USD 13.02 Billion | 9.20% | 2024 |
FrequentlyAsked Questions
Polycrystalline diamond compact (PDC) refers to a new-age synthetic diamond product used for cutting and machining challenging materials such as rocks, ceramics, composites, and non-ferrous metals.
The global polycrystalline diamond PDC market is expected to grow due to the rising expansion of the oil & gas industry worldwide.
According to study, the global polycrystalline diamond PDC market size was worth around USD 5.40 billion in 2024 and is predicted to grow to around USD 13.02 billion by 2034.
The CAGR value of the polycrystalline diamond PDC market is expected to be around 9.20% during 2025-2034.
The global polycrystalline diamond PDC market will be led by North America during the forecast period.
The global polycrystalline diamond PDC market is led by players like US Synthetic (a subsidiary of ChampionX), Element Six, ILJIN Diamond, Baker Hughes, National Oilwell Varco (NOV), CRRC Corporation Limited (via subsidiaries), Saint-Gobain (via Diamond Innovations), Halliburton, SF Diamond Co., Ltd., Sandvik / Hyperion Materials & Technologies, Varel Energy Solutions, Kennametal Inc., Schlumberger, Epiroc AB, and Zhongnan Diamond Co., Ltd.
The report explores crucial aspects of the polycrystalline diamond PDC market, including a detailed discussion of existing growth factors and restraints, while also browsing future growth opportunities and challenges that impact the market.
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