Research Nester published a report titled “Boron Doped Diamond Electrode Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global boron doped diamond electrode market in terms of market segmentation by product type, application, end-use industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global boron doped diamond electrode market is anticipated to grow with a CAGR of 7.11% during the forecast period, i.e., 2022-2031. The market is segmented by product type into polycrystalline, microcrystalline, nano crystalline, and ultra nano crystalline. Out of these, the polycrystalline segment is anticipated to garner the largest revenue of USD 5.72 Million by the end of 2031. Additionally, in the year 2021, the segment generated a revenue of USD 3.03 Million.
The global boron doped diamond electrode market is estimated to garner a revenue of USD 10.88 Million by the end of 2031, up from a revenue of USD 5.58 Million in the year 2021. Increasing utilization of boron doped diamond electrodes in biomedical as well as analytical applications, along with the numerous benefits associated with the use of these electrodes, backed by their properties are some of the major factors anticipated to drive the growth of the market during the forecast period.
Geographically, the global boron doped diamond electrode market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projected to garner the largest revenue of USD 4.43 Million by the end of 2031. Additionally, the market in the region generated a revenue of USD 2.22 Million in the year 2021.
Growing Concern for Water Pollution to Drive the Market Growth
Over 2 Billion people are known to live in water-stressed countries, according to the statistics by the World Health Organization (WHO). In addition to this, more than 2 Billion people were known for using a drinking water source which was contaminated with faeces.
The surge in concern for the increasing water pollution and the rising need for potable water globally, is driving the need for adopting water filtering solutions that can help reduce such pollution. Boron doped diamond electrodes are used widely for treating water pollution, backed by its properties of eliminating organic as well as inorganic contaminants in water. Such a factor is therefore anticipated to drive the growth of the market in the coming years.
However, the unusual electrochemical properties of low boron doped diamond electrodes is expected to operate as key restraint to the growth of global boron doped diamond electrode market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global boron doped diamond electrode market which includes company profiling of NeoCoat SA, Changsha 3 Better Ultra-hard Material Co., Ltd., pro aqua Diamantelektroden Produktion GmbH, SP3 Diamond Tech, Element Six UK Ltd, N.B. Enterprises, CONDIAS GmbH, IKA-Werke GmbH & CO. KG, Metrohm AG, De Nora Permelec Ltd, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global boron doped diamond electrode market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.