Global Diamond Polishing Paste and Suspension Market Growth 2025-2031

The global Diamond Polishing Paste and Suspension market size is predicted to grow from US$ 133 million in 2025 to US$ 188 million in 2031; it is expected to grow at a CAGR of 5.9% from 2025 to 2031.

Diamond polishing paste is a high-precision abrasive material used for fine polishing and finishing of hard materials such as metals, ceramics, glass, and gemstones. It contains micron-sized diamond particles suspended in a carrier medium (such as oil-based, water-based, or emulsion-based pastes).

At the regional level, companies in Europe, America, South Korea and Japan, such as Engis Corporation, Saint-Gobain, Lapmaster, Kemet International, Iljin Diamond, Fujimi Corporation, Pureon, Asahi Diamond, etc., occupy the high-end market. In terms of output value, the world's top five manufacturers (Engis Corporation, Saint-Gobain, Lapmaster, Kemet International, Iljin Diamond) occupy more than 50% of the market share, and the market concentration is relatively high. Chinese companies are rapidly improving their technology and market share, gradually breaking the market monopoly of European and American companies and forming a certain competitive advantage.

From the development trend, the semiconductor industry will continue to promote the demand for high-end polishing materials. With the advancement of 7nm and below process chips, semiconductor manufacturing requires higher precision CMP (chemical mechanical polishing) processes, and high-purity diamond suspensions have become one of the key materials. The development of 5G, AI, and advanced packaging technologies (such as Fan-out WLP and TSV) will further drive the demand for ultra-fine diamond polishing materials.

In the future, with the development of emerging applications such as silicon carbide, gallium nitride, and Micro-LED, the market space for high-performance diamond slurry will further expand.

LP Information, Inc. (LPI) ' newest research report, the “Diamond Polishing Paste and Suspension Industry Forecast” looks at past sales and reviews total world Diamond Polishing Paste and Suspension sales in 2024, providing a comprehensive analysis by region and market sector of projected Diamond Polishing Paste and Suspension sales for 2025 through 2031. With Diamond Polishing Paste and Suspension sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Diamond Polishing Paste and Suspension industry.

This Insight Report provides a comprehensive analysis of the global Diamond Polishing Paste and Suspension landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Diamond Polishing Paste and Suspension portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Diamond Polishing Paste and Suspension market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Diamond Polishing Paste and Suspension and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Diamond Polishing Paste and Suspension.

This report presents a comprehensive overview, market shares, and growth opportunities of Diamond Polishing Paste and Suspension market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Diamond Pastes
Diamond Suspensions
Diamond 2 in 1 Products

Segmentation by Application:
Semiconductor
Optics & Photonics
Advanced Ceramics
Metal
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Engis Corporation
Saint-Gobain
Lapmaster
Kemet International
Iljin Diamond
Fujimi Corporation
Pureon
Beijing Grish Hitech
Asahi Diamond Industrial
Hyperion Materials & Technologies
Metkon Instruments Inc.
Mipox Corporation
Henan Union Precision Material
LAM PLAN SA
N.G.S Photoelectric
STÄHLI Group
Dopa Diamond Tools
ITW (Buehler)
Qual Diamond
Henan Boreas New Material

Key Questions Addressed in this Report

What is the 10-year outlook for the global Diamond Polishing Paste and Suspension market?

What factors are driving Diamond Polishing Paste and Suspension market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Diamond Polishing Paste and Suspension market opportunities vary by end market size?

How does Diamond Polishing Paste and Suspension break out by Type, by Application?

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