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  • Cold Plasma Market Growth Analysis | 2022-2027

    Cold Plasma Market Growth Analysis | 2022-2027

    Cold Plasma Market Growth Analysis | 2022-2027
    Report code - SRAM140 Published On : May,2019 No. of Pages: 255
    Cold Plasma Market Size, Share, Trends, Forecast, & Growth Analysis - 2022-2027
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    Market Insights

    The cold plasma market was estimated at USD 1.5 billion in 2021 and is likely to grow at a CAGR of 12.5% during 2022-2027 to reach USD 3.1 billion in 2027.

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    What is cold plasma?

    Cold plasma is a partially ionized gas that contains ions, electrons, ultraviolet photons, and reactive neutrals such 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.

    Cold Plasma Market Report Highlights

    Market Size in 2021

    USD 1.5 billion

    Market Size in 2027

    USD 3.1 billion

    Market Growth (2022-2027)

    12.5% CAGR

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2027

    Key Players

    The market is highly fragmented with the presence of a few global players and several small regional players. Most of the small players have capabilities limited to a few applications in a few end-use industries.

    Some of the major players in the market are-

    Market Dynamics

    The prime factors that are contributing to the growth of the cold plasma market are-

    • Continuous innovations in cold plasma technology.
    • Rising demand for eco-friendly products.
    • Increasing use of cold plasma in the food packaging industry.
    • Introduction of stringent safety standards in various industries including food safety.
    • Growing need for frozen food.

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    Segments 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 types 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 an 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.

    Regional Insights

    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.

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    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The cold plasma market is segmented in the following ways.

    By Regime Type

    • Low-Pressure
    • Atmospheric Pressure

    By End-Use Industry Type

    • Electrical & Electronics
    • Food
    • Medical
    • Textiles
    • Polymers & Plastics
    • Others

    By Application Type

    • Cleaning & Activation
    • Coating
    • Decontamination
    • Wound healing
    • Adhesion
    • Finishing
    • Sterilization
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Cold Plasma Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research:

    Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    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.

    The cold plasma market was estimated at USD 1.5 billion in 2021.

    The cold plasma market is likely to reach USD 3.1 billion in 2027.

    The cold plasma market is likely to grow at a CAGR of 12,5% during 2022-2027.

    Some of the major players in the market are- ADTEC Plasma Technology Co. Ltd., Enercon Industries Corporation, Europlasma NV, Henniker Plasma Treatment, Neoplas Tools GmbH, Nordson Corporation, P2i Limited, Plasmatreat GmbH, Tantec A/S.

    Europe is projected to remain the largest market during the forecast period.

    The prime factors that are contributing to the growth of the market are- Continuous innovations in cold plasma technology, Rising demand for eco-friendly products, Increasing use of cold plasma in the food packaging industry, and Introduction of stringent safety standards in various industries including food safety and Growing needs for frozen food.