Boron Doped Diamond Electrode Market Segmentation by Product Type (Polycrystalline, Microcrystalline, Nano Crystalline, and Ultra Nano Crystalline); by Application (Water & Wastewater Treatment, Biomedical Application, Electro-Synthesis, and Others); and by End-Use Industry (Extraction & Mining Industry, Pharmaceutical, Municipality, Food Processing Industry, Electrical & Electronics, and Others) – Global Demand Analysis & Opportunity Outlook 2021-2031
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In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
March 1st, 2022: Metrohm AG announced the launch of its economical line of pH sensors, namely, ProTrode 200, ProTrode 250, ProTrode 300, and ProTrode 350, for the accurate inline pH measurements in various processes amongst different industries.
September 1st, 2021: IKA-Werke GmbH & CO. KG announced that it has expanded its business operations in Bangkok, Thailand, and Istanbul, Turkey by opening its new sales offices in these two nations so as to serve its customers in these regions.
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.
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.
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.
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.
Ans: The growing demand for chemical free water treatment, along with the rising usage of these electrodes in biomedical and analytical applications are some of the major factors anticipated to drive the market growth.
Ans: The market is anticipated to attain a CAGR of 7.11% over the forecast period, i.e., 2022 – 2031.
Ans: The unusual electrochemical properties of low boron doped diamond electrodes is one of the major factors estimated to hamper the market growth.
Ans: The market in North America is projected to garner the largest revenue of USD 4.43 Million by the end of 2031 and provide more business opportunities.
Ans: The major players in the market 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, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by product type, application, end-use industry, and by region.
Ans: The polycrystalline segment is anticipated to garner the largest revenue of USD 5.72 Million by the end of 2031 and display significant growth opportunities.
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