The global diamond tools
market is anticipated to grow at a CAGR of 6.47 percent until 2026. Diamond tools comprise either synthetic diamonds or diamond pieces that are not used for ornamental purposes. What differentiates Diamonds tools from the other machine tools are its high hardness, cutting-edge sharpness, and good thermal conductivity. Diamond tools are tremendously used in optical manufacturing
industries, which comprises lenses, mirrors, and also other glass drilling works, and the diamond abrasive wheels are used in the Abrasive machining process. Other than this, the diamond tools are used in specific micromachining processes, polishing and cutting of different metals, polymeric plastic machinery process, and production of accuracy tooling.
Factors fueling the growth of the diamond tools market include the increasing investments in the construction industry and the surge in demand for diamond saw blades. With the massive rise in construction activity, the construction industry is estimated to be an attractive segment. Furthermore, the new ongoing construction buildings require diamond tools to smoothen and finish the floors, walls, and other areas, and this is predicted to boost the demand for diamond tools.