Cold Plasma Market Set for Rapid Growth and Expansion during 2022-2027
Stratview Research has published a new report titled “Cold Plasma Market” which is segmented by Regime Type (Low-Pressure and Atmospheric Pressure), by Application Type (Cleaning & Activation, Coating, Decontamination, Wound Healing, Adhesion, Finishing, Sterilization, and Others), by End-Use Industry Type (Electrical & Electronic, Food, Medical, Textile, Polymer, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market is estimated to grow from US$ 1.5 Billion in 2021 to US$ 3.1 Billion by 2027 at a CAGR of 12.5% during the forecast period of 2022-2027.
Cold plasma is a partially ionized gas that contains ions, electrons, ultraviolet photons, and reactive neutrals such as radicals, excited molecules, and ground-state molecules. A variety of industries, such as Plastics and polymers, textiles, electronics, food and agriculture, and medicine all have a lot of potential for cold plasma technology.
It has several significant advantages over its competitors, including being environmentally friendly. Cold plasma's advantages are projected to ensure its widespread popularity in the coming years, particularly in the current regulatory environment, where the emphasis on sustainable procedures has strengthened.
Advances in the textile industry, as well as growing concerns about food safety, are driving the demand for cold plasma technology. Nonetheless, the high capital needs and limited commercialization of cold plasma technologies are projected to impede market growth.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By End-Use Industry Type
The Electrical & Electronics industry is forecasted to remain the largest segment of the market over the next five years, driven by an increasing preference for cold plasma in semiconductors.
The market is segmented based on the end-use industry type as electrical & electronics, polymers & plastics, medical, textiles, food, and others. The food industry is projected to witness the highest growth in the same period, driven by increased safety standards with a higher demand for non-hazardous plasmas.
By Application Type
The Cleaning & Activation segment is projected to remain the largest application of cold plasma during the forecast period, propelled by increasing penetration in the electrical & electronic and polymer & plastics industries. The coating also occupied a healthy share of the market in 2018, driven by North America and Asia-Pacific regions.
The market is also segmented based on the application type as coating, cleaning & activation, finishing, wound healing, adhesion, decontamination, sterilization, and others. Decontamination currently holds a diminutive share of the market but is expected to witness the highest growth during the forecast period, driven by the food industry.
By Regime Type
Both Low-pressure and Atmospheric-pressure cold plasmas are projected to grow at impressive rates over the next five years.
The market is also segmented based on the regime type as low-pressure and atmospheric-pressure plasma. Low-pressure cold plasma is mainly used in the manufacturing of semiconductors, whereas atmospheric cold plasma is used in a wide variety of applications from the textile to the medical industry.
Which Region is expected to remain the largest market?
Europe is projected to remain the largest market during the forecast period, driven by the presence of several cold plasma suppliers and high research & development activities in the major European markets, such as Germany, France, and the UK.
Asia-Pacific, which is currently the third-largest market after Europe and North America, is projected to witness the highest growth in the same period.
China, India, Japan, and South Korea will act as the growth engines of the Asia-Pacific market, driven by a continuous shift of electronic manufacturing to the Asian countries, an increasing demand for decontaminated frozen food, growing manufacturing facilities of textiles, and increasing production of polymers.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Cold Plasma Market:
- Enercon Industries Corporation
- Nordson Corporation
- Plasmatreat GmbH
- ADTEC Plasma Technology Co. Ltd.
- Europlasma NV
- Henniker Plasma Treatment
- Neoplas Tools GmbH
- P2i Limited
- Tantec A/S.
Key questions answered by the report.
- What is the projected CAGR for revenue from the Cold Plasma Market during the forecast period?
- What would the market be valued at by 2027?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Cold Plasma Market?
- Which are the major market players?
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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
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