The Global Polycrystalline Diamond Market was valued at US$ 885 Million in 2022 and is projected to reach US$ 1561.5 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period (2023-2029). This robust growth is fueled by escalating demand from the oil & gas, mining, and automotive industries for highly durable and efficient cutting and drilling tools. The market is further propelled by advancements in manufacturing technologies and the increasing adoption of Polycrystalline Diamond Composite (PDC) cutters for demanding applications.

As industries worldwide push the boundaries of efficiency and precision, the role of ultra-hard materials like PCD becomes increasingly critical. These materials enable longer tool life, reduced downtime, and superior performance in abrasive environments. In this blog, we profile the Top 10 Companies in the Polycrystalline Diamond Industry—a mix of global material science leaders, specialized manufacturers, and innovative suppliers shaping the future of industrial machining and drilling.

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🔟 1. Element Six

Headquarters: Luxembourg, Luxembourg
Key Offering: PCD Blanks, PDC Cutters, Diamond Materials

Element Six, a member of the De Beers Group, is a world leader in the design, development, and production of synthetic diamond and tungsten carbide supermaterials. The company’s PCD products are renowned for their exceptional quality and performance in applications ranging from oil and gas drilling to precision machining.

Innovation and Market Focus:

• Pioneering research in high-performance diamond materials

• Supplies critical components to the oilfield services and automotive sectors

• Focus on developing next-generation PCD grades for improved thermal stability

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Polycrystalline Diamond Market – View in Detailed Research Report

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9️⃣ 2. Hyperion Materials & Technologies

Headquarters: Worthington, Ohio, USA
Key Offering: PDC Cutters, Diamond Bearings, Advanced Materials

Hyperion Materials & Technologies specializes in advanced materials, including PCD, for extreme environment applications. The company is a key supplier of PDC cutters for the oil and gas industry, providing solutions that enhance drilling efficiency and durability.

Innovation and Market Focus:

• Expertise in material science for harsh operating conditions

• Strategic focus on the energy and industrial sectors

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8️⃣ 3. ILJIN Diamond

Headquarters: Seoul, South Korea
Key Offering: PCD Blanks, Wire Dies, Diamond Tools

ILJIN Diamond is a major global player in the diamond industry, with a strong presence in PCD manufacturing. The company supplies high-quality PCD blanks and finished tools to various industries, including automotive part manufacturing and stone processing.

Innovation and Market Focus:

• Extensive R&D in synthetic diamond applications

• Strong supply chain for electronics and precision tooling markets

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7️⃣ 4. ChampionX (US Synthetic)

Headquarters: The Woodlands, Texas, USA
Key Offering: PDC Cutters, Bearing Components, Diamond-enhanced Products

ChampionX, through its US Synthetic division, is a leading provider of PDC cutters for the oil and gas drilling industry. The company’s products are engineered for maximum reliability and performance in downhole drilling tools, contributing to improved operational efficiency.

Innovation and Market Focus:

• Specialization in cutting-edge PDC technology for energy sector

• Continuous product development to address challenging rock formations

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6️⃣ 5. Huanghe Whirlwind

Headquarters: Zhengzhou, Henan, China
Key Offering: PCD Blanks, PCBN, Synthetic Diamond Powder

Huanghe Whirlwind is one of China’s leading manufacturers of superabrasive materials. The company produces a wide range of PCD products that cater to both domestic and international markets, serving the machining, mining, and construction industries.

Innovation and Market Focus:

• Significant production capacity for superhard materials

• Growing export footprint in Asia and beyond

Download FREE Sample Report:
Polycrystalline Diamond Market – View in Detailed Research Report

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5️⃣ 6. CR GEMS

Headquarters: Guangzhou, Guangdong, China
Key Offering: PCD Inserts, Diamond Tools, Abrasives

CR GEMS is a prominent manufacturer and exporter of diamond tools and PCD products. The company specializes in PCD inserts for non-ferrous metal machining and woodworking tools, offering cost-effective solutions without compromising on quality.

Innovation and Market Focus:

• Focus on PCD tooling for aluminum and composite materials

• Strong distribution network across multiple continents

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4️⃣ 7. SF Diamond

Headquarters: Zhengzhou, Henan, China
Key Offering: PCD, PCBN, Diamond Powder

SF Diamond Co., Ltd. is a key Chinese manufacturer engaged in the research, production, and sale of synthetic diamond and cubic boron nitride products. The company’s PCD blanks are widely used in cutting tools for machining and drilling applications.

Innovation and Market Focus:

• Integrated production from raw materials to finished tools

• Investment in automated manufacturing processes

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3️⃣ 8. Henan Yalong Diamond

Headquarters: Nanyang, Henan, China
Key Offering: PCD Blanks, Saw Blades, Grinding Wheels

Henan Yalong Diamond Tools Co., Ltd. specializes in the manufacturing of diamond tools, including a comprehensive range of PCD products. The company serves industries such as stone processing, construction, and precision engineering.

Innovation and Market Focus:

• Customization of PCD tools for specific customer applications

• Expansion into emerging markets for infrastructure development

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2️⃣ 9. New Asia Superhard

Headquarters: Zhengzhou, Henan, China
Key Offering: PCD/PCBN Inserts, Composite Sheets, Superhard Materials

New Asia Superhard is a specialized producer of superhard materials and tools. The company’s product portfolio includes high-quality PCD blanks and inserts designed for efficient machining of non-ferrous metals and non-metallic materials.

Innovation and Market Focus:

• Development of tailored solutions for the automotive and aerospace sectors

• Focus on improving product consistency and performance

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1️⃣ 10. Haimingrun

Headquarters: Zhengzhou, Henan, China
Key Offering: PCD Products, Diamond Tools, Abrasives

Haimingrun is an emerging manufacturer in the superhard materials industry, producing PCD products for various industrial applications. The company focuses on delivering reliable and cost-effective solutions to a growing global customer base.

Innovation and Market Focus:

• Rapid scaling of production capabilities

• Strategic focus on price-competitive market segments

Read Full Report:
Polycrystalline Diamond Market – View in Detailed Research Report

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🔮 Outlook: The Future of Polycrystalline Diamond Is Smarter and More Integrated

The polycrystalline diamond market is experiencing a significant transformation. While traditional applications in machining and drilling continue to dominate, the industry is increasingly focused on developing advanced material composites, enhancing manufacturing precision, and expanding into new high-tech sectors.

📈 Key Trends Shaping the Market:

• Increased demand for PDC cutters in deepwater and directional drilling

• Growing adoption of PCD tools in the automotive industry for machining aluminum and composites

• Advancements in PCD manufacturing leading to larger blank sizes and complex geometries

• Expansion into semiconductor and electronics manufacturing applications

Read Full Report:
Polycrystalline Diamond Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials for modern industry—they’re driving the innovation frontier in materials science and manufacturing technology.