Global Boron Doped Diamond Electrode Market 2019 - Manufacturers, Regions, Types and Application, Forecast to 2024
The boron-doped diamond electrode (BDD) is an electrode which has the largest electrochemical potential window in aqueous solutions as compared to traditional electrodes. Platinum, Diamond, and Gold are the traditional electrode materials that are very costly and less effective. The reactions that occur within the electric potential range of -1.25v to +2.5v are easily detected by these boron-doped diamond electrodes.
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The material of a boron-doped diamond electrode consists of a high chemical stability feature. Even in the aggressive environment, the boron-doped diamond electrode can last longer as compared to traditional electrodes. Water treatment and prevention of azo dye accumulation in aquatic systems are the applications of the boron-doped diamond electrode.
Global Boron Doped Diamond Electrode market is valued at 4820.82 K USD in 2018 and is expected to reach 7314.25 K USD by the end of 2024, growing at a CAGR of 7.16% between 2019 and 2024.
In the forecast period of 2017-2024, the boron-doped diamond electrode market is anticipated to witness robust growth with a significant CAGR. As the trend for integration of advanced technologies has been rising over the past few years it is expected to propel the boron-doped diamond electrode market.
Europe, Asia Pacific, North America, Latin America, and Middle & Africa are the segmentations for the boron-doped diamond electrode market based on geography. Over the past few years, Europe is been observing a steady growth with a remarkable CAGR in the boron-doped diamond electrode market. Further, by the end of 2024, the European region is expected to witness a remarkable valuation in the boron-doped diamond electrode market.
In developing economies like India and China it has been observed that the purchasing power of the consumers has increased and also the consciousness towards their health resulting in the growth of this market. Apart from that, the demand for fresh food and clean drinking water are also the key reasons for the growth of the boron-doped diamond electrode market.
In the forecast period, the Asia Pacific region is expected to witness a satisfactory growth. Moreover, the boron-doped diamond electrode market is projected to flourish over the forecast period in regions such as Latin America and Middle East & Africa.
The abilities of the boron-doped diamond electrode such as, mineralization of complex water streams and the capability to work in an aggressive environment are some major factors that have developed considerable interest among the consumers.
Over the past few years, there has been an increase in the number of lifestyle diseases due to water pollution and even there is an increased health consciousness among the people. Factors like these are driving the growth of the market.
In the industrial process such as food processing, cosmetics, and paper printing the extensive range of azo dyes are being used which are found as the major elements causing water pollution around the world. Boron doped diamond electrode water treatment is helpful to prevent azo dye accumulation in the aquatic system. These factors are increasing the market growth and thus providing the boron-doped diamond electrode manufacturers to fulfill the requirements of the consumers.
The world leading players in the Boron Doped Diamond Electrode market are Neocoat, Condias, SP3 Diamond Technologies, IKA, Pro Aqua, Metrohm and so on. These Top companies currently account for more than 67% of the total market share and are expected to retain their dominating hold over the market during the forecast period. As consumer interest increases, this market will attract other major companies which want to extend their brand equity
Major players in the market are,
• Neocoat
• Condias
• IKA
• Metrohm
• Water Diam
• Pro Aqua
• Sigenics
• Creating Nano Technologies Inc.
• SP3 Diamond technologies
Boron Doped Diamond Electrode Breakdown Data by Type
• Polycrystalline
• Microcrystalline
• Nano Crystalline
• Ultra Nano crystalline
Market segmentation By Application,
• Wastewater Treatment
• Bio Medical Application
• Electro-Synthesis
• Others (Research, Electro analytical)
Market segmentation By End-User,
• Extraction and Mining Industry
• Pharmaceutical
• Municipality
Market segmentation By Geography,
• North America (United States, Canada)
• Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Rest of Asia-Pacific)
• Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman)
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