Cold Plasma Market Size, Share, Trend, & Forecast (2019-2024) | Covid-19 Impact Analysis

Cold Plasma Market Insights

The global cold plasma market is projected to witness an impressive double-digit CAGR over the next five years to reach US$ 3,164.5 million in 2024. 

Following are some of the market drivers

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

Cold Plasma Market Share Analysis

Cold Plasma Market Share by End-Use Industry Type

The market is segmented based on the end-use industry type as electrical & electronics, polymers & plastics, medical, textiles, food, and others. 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 the semiconductors. 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.

Cold Plasma Market Share by Application Type

The market is also segmented based on the application type as coating, cleaning & activation, finishing, wound healing, adhesion, decontamination, sterilization, and others. 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. 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.

Cold Plasma Market Share by Regime Type

The market is also segmented based on the regime type as low-pressure and atmospheric-pressure plasma. Both low- and atmospheric-pressure cold plasmas are projected to grow at impressive rates over the next five years. 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 medical industry.

Regional Insights

In terms of region, 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’s 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.

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. ADTEC Plasma Technology Co. Ltd., Enercon Industries Corporation, Europlasma NV, Henniker Plasma Treatment, Neoplas Tools GmbH, Nordson Corporation, P2i Limited, Plasmatreat GmbH, and Tantec A/S are major players in the market. Development of new applications, innovations in new technology, and collaboration with customers are some of the key strategies adopted by major companies to gain a competitive edge over others.

Research Methodology

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Market Scope & Segmentation

The market is segmented in the following ways:

Cold Plasma Market Size, Share & Forecast by Regime Type:

• Low-Pressure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Atmospheric Pressure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Cold Plasma Market Size, Share & Forecast by End-Use Industry Type:

• Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Food (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Textiles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polymers & Plastics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Cold Plasma Market Size, Share & Forecast by Application Type:

• Cleaning & Activation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Decontamination (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wound healing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Adhesion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Finishing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sterilization (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Cold Plasma Market Size, Share & Forecast by Region:

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

Report Features

This report, from Stratview Research, studies the global cold plasma market over the trend period from 2013 to 2018 and the forecast period from 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities in the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors. 

Report Customization Options

With this detailed report, 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)

Market Segmentation

• Current market segmentation of any one of the end-use industry types by application type 

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 at [email protected]