U.S. Nanodiamonds Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)

U.S. Nanodiamonds Market Growth Factors

Growing Demand in Electronics & Semiconductor Industries is Key Market Trend

• Nanodiamonds have high thermal conductivity, electrical insulation, and mechanical hardness, which make them suitable for the semiconductors used in high-performance applications.
• Additionally, nanodiamonds are becoming popular for the thermal management of devices such as microchips, power transistors, and LEDs, which produce excessive heat during their operations.
• They have potential usage in the development of high-density memory devices, such as quantum storage and non-volatile memory, due to the high surface area, which helps in storing quantum information.
• The miniaturization of electronic devices is driving the demand for nanodiamonds due to their small particle size, which helps them easily integrate with microchips and sensors.
• The CHIPS and Science Act of 2022 has allocated USD 53 billion to boost the domestic manufacturing of semiconductors, to reduce the reliance on imports from China and Taiwan.

Rising Consumption in Biomedical and Healthcare Applications Drives Market Growth

• A high surface area and biocompatibility lead to the extensive usage of nanodiamonds in various biomedical and healthcare applications, such as drug delivery, diagnostic imaging, regenerative medicine, and tissue engineering.
• Nanodiamonds help drugs reach the specific target sites within the body, thus potentially advancing the science of drug delivery and increasing bioavailability.
• Thus, they are extensively used in the treatment of cancer, and they could further enable the delivery of multiple therapies simultaneously.
• Nanodiamonds could also find usage in contrast agents for magnetic resonance imaging and fluorescence probes for optical imaging.
• The American Cancer Society had predicted 2,001,140 new cancer cases for 2024, which is way higher than the 1,777,566 new cases recorded by the Centers for Disease Control and Prevention in 2021.
• Since both targeted drug delivery and effective imaging are essential for cancer treatment, its rising incidence hints at a massive growth potential for the market.
• Moreover, nanodiamonds are being utilized in tissue regeneration as they provide a stable platform for the growth of the tissue cells.

High Production Cost is Restraining Market Growth

• The raw material and technology required in the production of nanodiamonds are quite expensive, due to which it becomes challenging for industries to buy and use them.
• The prices of graphite and methane, which are used to produce high-grade nanodiamonds, fluctuate due to the supply chain disruption.
• High-pressure reactors, precision vacuum chambers, and high-temperature furnaces are used in the production of high-quality nanodiamonds, which are costly.
• Nanodiamonds are available from USD 1,500 per gram onward, which puts a lot of strain on smaller industrialists looking to utilize them.

U.S. Nanodiamonds Market Segmentation Analysis

Type Insights

The commercial category held the largest market share, of 65%, in 2024 as they have wide applications across various industries, such as lubricants, coatings, electronics, polishing materials, and healthcare. Additionally, commercial nanodiamonds are widely used in the automotive, aerospace, and industrial manufacturing to the enhance wear resistance, reduce friction, and improve material strength.

The fluorescent category will grow at the highest CAGR of 11.5%, during the forecast period. This is due to the rise in the application of fluorescent nanodiamonds in quantum sensing, drug delivery, and biomedical imaging. Additionally, fluorescent nanodiamonds are used for the long-term monitoring of biological processes due to their biocompatibility, non-toxicity, and stability.

Based on type, the market has the following categories:

• Commercial(Largest Category)
• Fluorescent (Fastest-Growing Category)
• Carbon Quantum Dots

Application Analysis

Electronic polishing materials held the largest market share of 70%, in 2024. Electronic polishing is widely used in the semiconductor manufacturing, optical components, and high-performance electronics, and it uses nanodiamonds due to their ultra-fine polishing capabilities.

The drug delivery category will grow at the highest CAGR of 11.8%, during the forecast period, due to the biocompatibility, low toxicity, and high surface area of nanodiamonds. These materials are also used in chemotherapy in they help as a controlled and sustained drug release, which enhances patient outcomes.

Based on application, the market has the following categories:

• Lubricants
• Electronic Polishing Materials (Largest Category)
• Electroplating and Anti-Wear/Friction Coatings
• Composites
  • Fiber-based polymer composite parts
  • Metal-matrix composites
• Cosmetics (Skincare & Others)
• Energy Storage
  • Batteries
  • Supercapacitors
• Drug Delivery (Fastest-Growing Category)
• Biomedical Imaging
• Carbon Quantum Dots

U.S. Nanodiamonds Market Regional Outlook

The West region held the largest market share of 45%, in 2024. This is due to the established high-tech industries, such as the semiconductor, manufacturing, and renewable energy, which widely consume nanodiamonds. Additionally, the region has a high demand for thermal management technologies for high-performance devices, such as microchips, LEDs, and power electronics.

The Northeast region will grow at the higher CAGR of 12%, during the forecast period. The states of Massachusetts, New York, and Pennsylvania are home to a large number of established medical research institutions. This leads to a high demand for nanodiamonds in drug delivery systems, medical imaging, and tissue engineering.

The market has been categorized into the following regions:

• Northeast (Fastest-Growing Regional Market)
• Midwest
• West (Largest Regional Market)
• South

U.S. Nanodiamonds Market Share

The market nature of nanodiamonds market is fragmented due to the large number of market players varying from small to large companies. The market is experiencing a rise in research and development in new technologies, due to which various startups are entering it and making it more fragmented. Nanodiamonds manufacturing uses various technologies, such as detonation, chemical vapor deposition (CVD), and laser ablation, which results in wide range of manufacturers.

U.S. Nanodiamonds Market News & Updates

• In July 2024, NASA hired Cerion Nanomaterials for the development of nanoparticles for deep-sea initiatives.
• In April 2023, Adamas Nanotechnologies collaborated with the University of California and Lawrence Berkeley National Laboratory for the development of optical NMR using diamond quantum sensing for imaging metabolic processes in live cells. The project received investment from the U.S. Department of Energy.
• In December 2021, Pearlman Group acquired Advanced Diamond Technologies Inc.