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Industrial Diamond Market Size, Share & Trends Analysis Report by Type (Synthetic, Natural), Application (Construction, Transportation, Electronics, Others), and Region (North America, Europe) with Growth Forecasts, 2025-2030

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  • 100 Pages
  • February 2025
  • Region: Global
  • Grand View Research
  • ID: 6056028
Description Jump to:
The Industrial Diamond Market was valued at USD 1.8 billion in 2024, and is projected to reach USD 2.5 billion by 2030, rising at a CAGR of 6.00%. Advancement in smart mining technologies coupled with increasing production of synthetic diamonds are projected to drive the market. Industrial diamond has substantial applications in the automotive industry. It has been reported that around 1.5 carats of industrial diamond is used in the manufacturing of every automobile in U.S. Automotive components require precise and stable manufacturing processes. The operations, such as grooving, boring, grinding, turning, milling, and honing, can be performed with the help of industrial diamond tools. According to the International Organization of Motor Vehicle Manufacturers, global sales including passenger cars and commercial vehicles accounted for 93.6 million in 2017, an increase of 2.3% from the previous year.

The advancement in the production and management system is helping the growth of the automotive industry. Increasing competition along with digitization and globalization is changing the face of the industry. Key companies are developing innovative and advanced techniques to trace the diamonds. Recently, De Beers announced successful tracking of 100 high-quality diamonds through an emerging technology known as blockchain. Also, in April 2018, Helzberg Diamonds, Asahi Refining, and LeachGarner collaborated for a project to track and authenticate diamonds. Moreover, smart mining technology is expected to trigger new growth opportunities for the industry. Data analytics software along with the use of precise GPS systems and Internet of Things (IoT) can also help to boost the productivity of mining operators.

Industrial Diamond Market Report Highlights

  • The synthetic diamond segment dominated the market with the largest revenue share of 83.4% in 2024 by offering cost-effective and highly customizable solutions.
  • The natural diamond segment is expected to emerge as the fastest growing segment and record a CAGR of 5.6% over the forecast period due to the unparalleled hardness and cutting efficiency of this category of diamonds.
  • The construction segment dominated the market with the largest revenue share of 51.4% in 2024 owing to extensive use of diamonds in cutting, drilling, grinding, and polishing applications.
  • The electronics segment is expected to be the fastest growing segment with a CAGR of 6.2% during the forecast period, fueled by the escalating demand for high-performance and miniaturized electronic devices.
  • Asia Pacific dominated the market with the largest revenue share of 42% in 2024, driven by significant industrial growth, technological upgrades, and increasing demand across sectors like manufacturing, construction, and electronics.

This report addresses:

  • Market intelligence to enable effective decision-making.
  • Market estimates and forecasts from 2018 to 2030.
  • Growth opportunities and trend analyses.
  • Segment and regional revenue forecasts for market assessment.
  • Competition strategy and market share analysis.
  • Product innovation listings for you to stay ahead of the curve.
  • COVID-19's impact and how to sustain in this fast-evolving market.

Why Should You Buy This Report?

  • Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Industrial Diamond Market Variables, Trends & Scope
3.1. Global Industrial Diamond Market Outlook
3.2. Industry Value Chain Analysis
3.3. Technology Overview
3.4. Average Price Trend Analysis
3.5. Supply-Demand GAP Analysis, 2024
3.6. Regulatory Framework
3.6.1. Policies and Incentive Plans
3.6.2. Standards and Compliances
3.6.3. Regulatory Impact Analysis
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.2. Market Restraint Analysis
3.7.3. Industry Challenges
3.8. Porter’s Five Forces Analysis
3.8.1. Supplier Power
3.8.2. Buyer Power
3.8.3. Substitution Threat
3.8.4. Threat from New Entrant
3.8.5. Competitive Rivalry
3.9. PESTEL Analysis
3.9.1. Political Landscape
3.9.2. Economic Landscape
3.9.3. Social Landscape
3.9.4. Technological Landscape
3.9.5. Environmental Landscape
3.9.6. Legal Landscape
Chapter 4. Industrial Diamond Market: Type Outlook Estimates & Forecasts
4.1. Industrial Diamond Market: Type Movement Analysis, 2025 & 2030
4.1.1. Natural
4.1.1.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
4.1.2. Synthetic
4.1.2.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
Chapter 5. Industrial Diamond Market: Application Outlook Estimates & Forecasts
5.1. Industrial Diamond Market: Application Movement Analysis, 2025 & 2030
5.1.1. Construction
5.1.1.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
5.1.2. Transportation
5.1.2.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
5.1.3. Electronics
5.1.3.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
5.1.4. Others
5.1.4.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
Chapter 6. Industrial Diamond Market Regional Outlook Estimates & Forecasts
6.1. Regional Snapshot
6.2. Industrial Diamond Market: Regional Movement Analysis, 2025 & 2030
6.3. North America
6.3.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.3.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.3.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.3.4. U.S.
6.3.4.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.3.4.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.3.4.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.3.5. Canada
6.3.5.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.3.5.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.3.5.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.3.6. Mexico
6.3.6.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.3.6.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.3.6.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.4. Europe
6.4.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.4.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.4.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.4.4. Germany
6.4.4.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.4.4.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.4.4.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.4.5. France
6.4.5.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.4.5.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.4.5.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.4.6. Russia
6.4.6.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.4.6.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.4.6.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.4.7. Belgium
6.4.7.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.4.7.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.4.7.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.5. Asia Pacific
6.5.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.5.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.5.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.5.4. China
6.5.4.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.5.4.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.5.4.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.5.5. India
6.5.5.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.5.5.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.5.5.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.5.6. Japan
6.5.6.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.5.6.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.5.6.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.6. Central & South America
6.6.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.6.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.6.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.6.4. Brazil
6.6.4.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.6.4.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.6.4.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.7. Middle East & Africa
6.7.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.7.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.7.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.7.4. UAE
6.7.4.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.7.4.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.7.4.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
6.7.5. Saudi Arabia
6.7.5.1. Market Estimates and Forecast, 2018-2030 (USD Million) (Kilotons)
6.7.5.2. Market Estimates and Forecast, by Type, 2018-2030 (USD Million) (Kilotons)
6.7.5.3. Market Estimates and Forecast, by Application, 2018-2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Vendor Landscape
7.2.1. Company Categorization
7.2.2. List of Key Distributors and Channel Partners
7.2.3. List of Potential Customers/End Users
7.3. Competitive Dynamics
7.3.1. Competitive Benchmarking
7.3.2. Strategy Mapping
7.3.3. Heat Map Analysis
7.4. Company Profiles/Listing
7.4.1. De Beers
7.4.1.1. Participant’s Overview
7.4.1.2. Financial Performance
7.4.1.3. Product Benchmarking
7.4.1.4. Strategic Initiatives
7.4.2. ALROSA
7.4.2.1. Participant’s Overview
7.4.2.2. Financial Performance
7.4.2.3. Product Benchmarking
7.4.2.4. Strategic Initiatives
7.4.3. Applied Diamond, Inc.
7.4.3.1. Participant’s Overview
7.4.3.2. Financial Performance
7.4.3.3. Product Benchmarking
7.4.3.4. Strategic Initiatives
7.4.4. Industrial Diamond Laboratories, Inc.
7.4.4.1. Participant’s Overview
. Financial Performance
7.4.4.3. Product Benchmarking
7.4.4.4. Strategic Initiatives
7.4.5. Morgan Advanced Materials
7.4.5.1. Participant’s Overview
7.4.5.2. Financial Performance
7.4.5.3. Product Benchmarking
7.4.5.4. Strategic Initiatives
7.4.6. Industrial Abrasives Limited
7.4.6.1. Participant’s Overview
7.4.6.2. Financial Performance
7.4.6.3. Product Benchmarking
7.4.6.4. Strategic Initiatives
7.4.7. Advanced Diamond Solutions Inc.
7.4.7.1. Participant’s Overview
7.4.7.2. Financial Performance
7.4.7.3. Product Benchmarking
7.4.7.4. Strategic Initiatives
7.4.8. Scio Diamond Technology Corporation
7.4.8.1. Participant’s Overview
7.4.8.2. Financial Performance
7.4.8.3. Product Benchmarking
7.4.8.4. Strategic Initiatives
7.4.9. Diamond Technologies Inc.
7.4.9.1. Participant’s Overview
7.4.9.2. Financial Performance
7.4.9.3. Product Benchmarking
7.4.9.4. Strategic Initiatives
7.4.10. The 3M Company
7.4.10.1. Participant’s Overview
7.4.10.2. Financial Performance
7.4.10.3. Product Benchmarking
7.4.10.4. Strategic Initiatives
List of Tables
Table 1 List of Abbreviations
Table 2 Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (Kilotons) (USD Million)
Table 3 Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 4 Industrial Diamond Market Estimates and Forecasts, by Region, 2018-2030 (Kilotons) (USD Million)
Table 5 North America Industrial Diamond Market Estimates and Forecasts, by Country, 2018-2030 (USD Million) (Kilotons)
Table 6 North America Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 7 North America Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 8 U.S. Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 9 U.S. Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 10 Canada Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 11 Canada Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 12 Mexico Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 13 Mexico Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 14 Europe Industrial Diamond Market Estimates and Forecasts, by Country, 2018-2030 (USD Million) (Kilotons)
Table 15 Europe Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 16 Europe Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 17 Germany Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 18 Germany Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 19 France Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 20 France Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 21 Russia Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 22 Russia Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 23 Belgium Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 24 Belgium Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 25 Asia Pacific Industrial Diamond Market Estimates and Forecasts, by Country, 2018-2030 (USD Million) (Kilotons)
Table 26 Asia Pacific Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 27 Asia Pacific Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 28 China Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 29 China Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 30 India Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 31 India Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 32 Japan Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 33 Japan Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 34 Central & South America Industrial Diamond Market Estimates and Forecasts, by Country, 2018-2030 (USD Million) (Kilotons)
Table 35 Central & South America Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 36 Central & South America Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 37 Brazil Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 38 Brazil Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 39 Middle East & Africa Industrial Diamond Market Estimates and Forecasts, by Country, 2018-2030 (USD Million) (Kilotons)
Table 40 Middle East & Africa Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 41 Middle East & Africa Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 42 UAE Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 43 UAE Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
Table 44 Saudi Arabia Industrial Diamond Market Estimates and Forecasts, by Type, 2018-2030 (USD Million) (Kilotons)
Table 45 Saudi Arabia Industrial Diamond Market Estimates and Forecasts, by Application, 2018-2030 (USD Million) (Kilotons)
List of Figures
Figure 1 Market Segmentation
Figure 2 Information Procurement
Figure 3 Data Analysis Models
Figure 4 Market Formulation and Validation
Figure 5 Market Snapshot
Figure 6 Segment Outlook
Figure 7 Competitive Outlook
Figure 8 Value Chain Analysis
Figure 9 Market Dynamics
Figure 10 Porter’s Analysis
Figure 11 PESTEL Analysis
Figure 12 Industrial Diamond Market, by Type: Key Takeaways
Figure 13 Industrial Diamond Market, by Type: Market share, 2025 & 2030
Figure 14 Natural Market, 2018-2030 (USD Million) (Kilotons)
Figure 15 Synthetic Market, 2018-2030 (USD Million) (Kilotons)
Figure 16 Industrial Diamond Market, by Application: Key Takeaways
Figure 17 Industrial Diamond Market, by Application: Market share, 2025 & 2030
Figure 18 Construction Market, 2018-2030 (USD Million) (Kilotons)
Figure 19 Transportation Market, 2018-2030 (USD Million) (Kilotons)
Figure 20 Electronics Market, 2018-2030 (USD Million) (Kilotons)
Figure 21 Others Market, 2018-2030 (USD Million) (Kilotons)
Figure 22 Industrial Diamond Market, by Region: Key Takeaways
Figure 23 Industrial Diamond Market, by Region: Market share, 2025 & 2030
Figure 24 North America Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 25 US Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 26 Canada Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 27 Mexico Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 28 Europe Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 29 Germany Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 30 France Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 31 Russia Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 32 Belgium Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 33 Asia Pacific Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 34 China Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 35 India Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 36 Japan Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 37 Central and South America Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 38 Brazil Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 39 Middle East & Africa Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 40 UAE Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)
Figure 41 Saudi Arabia Industrial Diamond Market, 2018-2030 (USD Million) (Kilotons)

Companies Mentioned

The major companies profiled in this Industrial Diamond market report include:
  • De Beers
  • ALROSA
  • Applied Diamond, Inc.
  • Industrial Diamond Laboratories, Inc.
  • Morgan Advanced Materials
  • Scio Diamond Technology Corporation
  • Industrial Abrasives Limited
  • Advanced Diamond Solutions Inc.
  • Diamond Technologies Inc.
  • The 3M Company

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedFebruary 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 1.8 Billion
Forecasted Market Value ( USD ) by 2030 $ 2.5 Billion
Compound Annual Growth Rate6.0%
Regions CoveredGlobal
No. of Companies Mentioned11

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