Global Diamond-like Carbon (DLC) Market is Projected to Reach US$ 2.4 Billion by 2025: Transparency Market Research

ALBANY, New York, March 20, 2018 /PRNewswire/ --

The global diamond-like carbon or DLC market was valued at around US$ 1,387 Mn in 2016 is anticipated to register a stable CAGR of 6.4% during the forecast period of 2017 to 2025, according to a new report published by Transparency Market Research (TMR) titled "Diamond-like Carbon Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2025." Growth of the global diamond-like carbon or DLC market is driven by the rise in demand for DLC coating in automotive engine components and increase in demand for advanced DLC coatings in the medical industry owing to high biocompatibility. Europe accounts for major share with two-fifth of the global diamond-like carbon or DLC market, led by favorable government regulations and growth in automobile, medical, and packaging industries.

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Rise in Demand for DLC Coating in Automotive Engine Components and Increase in Demand for Advanced DLC Coatings in the Medical Industry owing to High Biocompatibility Projected to Drive Market Growth 

Rise in demand for wear resistant and high performing automotive components is fueling the DLC market. Automotive components and locking systems require high performing DLC coatings that reduce the coefficient of friction. Demand for DLC coatings in engine components of racing cars is rising. This is boosting the demand for DLC. Growth in demand for DLC in the medical sector for wear resistant, anti-corrosive, biocompatible, and anti-debris forming devices is encouraging manufacturers to focus on the production of medical devices coated with DLC. Nowadays, DLC coatings on the medical devices have been used for reducing the thrombogenicty applications are getting popularity. Silica incorporated DLC coatings are also employed in the medical sector.  Decrease in level of cytotoxicity exhibited by DLC coatings is driving its demand in the biomedical field.

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Production of Hydrogen-free DLC and Advanced Technologies Likely to Offer Attractive Market Opportunities 

Demand for hydrogen-free DLC is on the rise in various end-use industries due to the high hardness and wear resistance compared to diamond-like-coatings, which are incorporated with hydrogen. In automotive applications, hydrogen-free DLC coatings improve binding with engine oil and result in the formation of a firm ultra-thin film when special oil additives are added. Superior abrasion resistance and low friction coefficient are boosting the potential of hydrogen-free DLCs. Chemical annealing or plasma etching method can be employed for eliminating hydrogen content from the DLC layer.

Implementation of Regulations on Emission of Carbon Dioxide Anticipated to Hamper Diamond-like Carbon (DLC) Market 

Emission of carbon dioxide is considered a major reason intensifying the global warming effect. Implementation of stringent regulations on the emission of carbon dioxide is likely to restrain the global DLC market. DLC coatings are made of carbon atoms and result in the emission of carbon dioxide when exposed to oxygen. According to the U.S. Energy Information Administration, the emission of energy related carbon dioxide in the U.S stood at around 5200 million tons in 2016. The transportation sector accounted for major share of this emission.

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Mixed DLC to Dominate the Product Segment and Drill Bits & Milling Cutters to Dominate the Application Segment of Global Diamond-like Carbon (DLC) Market 

The global diamond-like-carbon market has been segmented based on product, application, end-user, and region. In terms of product, the DLC market is segmented into pure DLC and mixed DLC. Of these, mixed DLC dominates the global DLC market. Compared to pure DLCs, manufacturing of mixed DLCs is commercially more viable. Based on application, the global DLC market can be divided into drill bits & milling cutters, saws & blades, dies & molds, inserts, and others (hobs and broaches). DLC based coatings are highly preferred in drill bits & milling cutters. Plasma enhanced chemical vapor deposition is commonly employed for the deposition of DLC coatings over these cutting tools.

Automotive Dominates End-user Segment of Global Diamond-like Carbon (DLC) Market 

 In terms of end-user, the global DLC market can be classified into automotive, packaging, medical, electronics, cosmetics, and others (aerospace and industrial). Automotive is the key end-user segment of the DLC market across the globe. The ability of DLC to reduce frictional loss in high stress contact and high temperature operations is attracting the attention of automobile manufacturers. Demand for DLC is on the rise, especially from the racing car sectors. DLC coatings help achieve a better surface finishing which in turn enhances the triblogical properties of the automotive components.

Europe Dominates Global Diamond-like Carbon (DLC) Market 

In terms of region, Europe accounted for major share (40%) of the DLC market in 2016. Presence of key players such as Oerlikon Group, Morgan Advanced Materials Plc, and Renishaw Advanced Materials Ltd in the region is attracting higher number of customers for DLC. Rise in import of automobiles and favorable economic conditions are anticipated to provide lucrative market opportunities to manufacturers of DLC in Asia Pacific. Nanotechnology policies of governments such as China and Japan are expected to provide growth opportunities in the near future. Latin America is a key net importer of DLC. It imports large share of DLC from the U.S. South Africa is the prominent country in Middle East & Africa in terms of market share. Manufacturers are engaged in the production of automobile and tooling components with variation in weight percentage of hydrogen.

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High Degree of Competition Exists Among Established Players 

Key players profiled in the global diamond-like-carbon technology market include Oerlikon Groups, Morgan Advanced Materials Plc, Miba AG, IBC Coatings Technologies, Inc, Richter Precision Inc, Acree Technologies, Inc, Norseld Pty Ltd, Micromatter Technologies Inc, Wallwork Heat Treatment Ltd and Renishaw Advanced Materials Ltd. Oerlikon's decision to acquire the PVD technology of Depots Metalliques Sous Vide is likely to provide it with competitive advantage. Expansion in the automotive industry and rise in demand for high-temperature coatings are estimated to provide ample opportunities to manufacturers of DLC to engage in forward integration.

Global Diamond-like-Carbon (DLC) Market, by Type 

• Pure DLC
• Mixed DLC

Global Diamond-like-Carbon (DLC) Market, by Application 

• Drill Bits & Milling Cutters
• Saws & Blades
• Dies & Molds
• Inserts
• Others (Hobs and Broaches )

Global Diamond-like-Carbon (DLC) Market, by End-user 

• Automotive
• Packaging
• Medical
• Electronics
• Cosmetics
• Others (Aerospace and Industrial)

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