Stratview Research announces the launch of a new research report on Global Cold Plasma Market 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 (Electrical & Electronic, Food, Medical, Textile, Polymers & Plastics, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018 – 2023.
This 225 pages market report, from Stratview Research, studies the global cold plasma market over the period 2011 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Global Cold Plasma Market: Highlights
As per Stratview Research, the global cold plasma market offers an impressive CAGR of 12.2% during the forecast period of 2018 to 2023 and reach US$ 2,845.8 million in 2023, which offers an opportunity to the industry players to align themselves with the market growth.
There are several factors bolstering the growth of global cold plasma market. The author of the report cited 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, and growing needs for frozen food as some of the growth drivers of the cold plasma market.
Electrical & electronic industry is forecasted to remain the largest segment of cold plasma over the next five years, driven by its increasing preference in semiconductors. The food industry is projected to witness the highest growth during the same period, driven by increased safety standards with higher demand for non-hazardous plasmas.
In terms of application type, cleaning & activation 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. Decontamination currently holds a diminutive share in the global cold plasma market but is expected to witness the highest growth during the forecast period, driven by the food industry.
As per the study, both low and atmospheric pressure cold plasmas are projected to grow at impressive rates over the next five years.
In terms of region, Europe is projected to remain the largest market for cold plasma during the forecast period, driven by the presence of several cold plasma suppliers and high research & development activities in the major European markets. However, Asia-Pacific is projected to witness the highest growth during the same period driven by the continuous shift of electronic manufacturing to Asia countries, increasing demand for decontaminated frozen food, growing manufacturing facilities of textiles, and increasing production of polymers.
Global cold plasma market is highly fragmented with the presence of few global players and several small regional players. ADTEC Plasma Technology Co. Ltd., Enercon Industries Corporation, Europlasma NV, Henniker Plasma, Neoplas Tools GmbH, Nordson Corporation, P2i Limited, Plasmatreat GmbH, Tantec A/S, and Vetaphone A/S are major players in the global cold plasma 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 the others.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies global cold plasma market and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the four ways in which the market is segmented:
The global cold plasma market is segmented into the following categories:
Global Cold Plasma Market by Regime Type:
Global Cold Plasma Market by End-Use Industry Type:
Global Cold Plasma Market by Application Type:
Global Cold Plasma Market by Region:
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