Global Boron Doped Diamond Electrode Market Highlights Over 2021 - 2031
The global boron doped diamond electrode market is estimated to garner a revenue of USD 10.88 Million by the end of 2031, by growing at a CAGR of 7.11% over the forecast period, i.e., 2022 – 2031. Moreover, the market generated a revenue of USD 5.58 Million in the year 2021. The growth of the market can be attributed to the growing need for potable water and the increasing concern for water pollution, which is driving the need for chemical free water treatment solutions, and in turn, the demand for boron doped diamond electrodes. According to the statistics by the World Health Organization (WHO), more than 2 Billion people are known to live in water-stressed countries. Besides this, the statistics also stated that about 2 Billion people used a drinking water source which is contaminated with faeces. Diamond electrodes are particularly appealing for eliminating organic contaminants in water owing to their high overvoltage feature for the evolution of oxygen and for the ability to create hydroxyl radicals with high current efficiency anodically. Furthermore, the electrochemical techniques using diamond electrodes can be used to remediate water that has been contaminated with inorganic contaminants, such as nitrite or cyanide.
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The growth of the global boron doped diamond electrode market can also be attributed to the growing use of these electrodes in biomedical as well as analytical applications. For instance, both pure and modified diamond electrodes can be employed in biosensing applications depending on the analyte. Moreover, owing to their low capacitive current, boron doped diamond electrodes, also known as BDD electrodes, results in higher signal-to-noise ratio (S/N), thereby allowing several essential applications, which otherwise would had been impossible to achieve with traditional electrode materials.
Global Boron Doped Diamond Electrode Market Regional Synopsis
Regionally, 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. The market in North America is projected to garner the largest revenue of USD 4.43 Million by the end of 2031, up from a revenue of USD 2.22 Million in the year 2021. The growth of the market in the region can primarily be attributed to the increasing awareness for the availability of the product and for the surge in stringent regulations of the government of the nations that focus on adopting measures to lower water pollution. For instance, the United States Centers for Disease Control and Prevention (CDC), has et up the National Environmental Public Health Tracking tool that monitors the levels of several contaminants that can be found in drinking water. Besides this, the United States Environmental Protection Agency (EPA), had set up the Watershed Assessment, Tracking and Environmental Results System (WATERS) to improve communication and efficiency between the EPA databases, such as The Water Quality Portal, Total Maximum Daily Load (TMDL), and the Safe Drinking Water Information System (SDWIS). Similarly, the National Oceanic and Atmospheric Administration (NOAA) and the United States Geological Survey (USGS) had formed different governing bodies that focuses on forming strategies so as to lower water pollution. Such active measures by these regulatory bodies is therefore expected to drive the demand for boron doped diamond electrodes, and in turn, contribute to the growth of the market in the region.
Growth Drivers and Challenges Impacting the Growth of the Global Boron Doped Diamond Electrode Market
Growth Drivers
- Growing Demand for Chemical Free Water Treatment
- Rising Usage of These Electrodes in Biomedical Applications
- Surge in Utilization of These Electrodes in Analytical Applications
Challenges
- Unusual Electrochemical Properties of Low Boron Doped Diamond Electrodes
Global Boron Doped Diamond Electrode Market Segmentation Synopsis
The global boron doped diamond electrode market is segmented by product type into polycrystalline, microcrystalline, nano crystalline, and ultra nano crystalline. The polycrystalline segment is anticipated to garner the largest revenue of USD 5.72 Million by the end of 2031, up from a revenue of USD 3.03 Million in the year 2021. By application, the market is segmented into water & wastewater treatment, biomedical application, electro-synthesis, and others. The water & wastewater treatment segment is anticipated to garner the largest revenue of USD 5.06 Million by the end of 2031, up from a revenue of USD 2.66 Million in the year 2021. By end-use industry, the market is segmented into extraction & mining industry, pharmaceutical, municipality, food processing industry, electrical & electronics, and others. The municipality segment is projected to garner the largest revenue of USD 4.42 Million by the end of 2031, up from a revenue of USD 2.26 Million in the year 2021.
Key Companies Dominating the Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global boron doped diamond electrode market that are included in our report are 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.
