Cold Plasma Market

Cold Plasma Market Insights

"The global cold plasma market size 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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Introduction

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. Nonetheless, the high capital needs and limited commercialization of cold plasma technologies are projected to impede market growth.

Cold Plasma Market Drivers

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

• Advances in the textile industry.
• Growing concerns about food safety.
• 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.

Segments Analysis

Application Trends

"The cleaning & activation segment accounted for the largest market share."

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.

Regime Trends

"The low-pressure and atmospheric-pressure plasma both segment accounted for the largest market share."

The market is also segmented based on the regime type as low-pressure and atmospheric-pressure plasma. Both Low-pressure 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 the medical industry.

End-Use Industry Trends

"The electrical & electronics segment accounted for the largest market share."

The market is segmented based on the end-use industry types 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 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.

Regional Insights

"Europe accounted for the largest market share."

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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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.

The following are the key players in the cold plasma market (arranged alphabetically).

• 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.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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?

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)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s cold plasma market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

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 1000 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.

Customization Options

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.