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The cold plasma market size is forecast to increase by USD 1.79 billion between 2022 and 2027, accelerating at a CAGR of 14.42%. In 2017, the US held the largest market share, projecting an annual revenue of USD 0.36 billion. The report offers extensive research analysis on the Cold Plasma Market, with a categorization based on End-user, including Polymer and plastic industry, Electronics and semiconductors industry, Food and agriculture industry, Textile industry, and Medical industry. It further segments the market by Type, encompassing Atmospheric cold plasma and Low-pressure cold plasma. Additionally, the report provides geographical segmentation, covering North America, Europe, Asia, and Rest of World (ROW). Market size, historical data (2017-2021), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
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The increasing demand for eco-friendly and sustainable technologies is notably driving market growth. Industries such as food, healthcare, and textile are looking for alternatives to traditional chemical-based processes. One such alternative is cold plasma technology, which is non-toxic, does not produce any harmful byproducts, and uses very few chemicals. Cold plasma treatment may replace traditional chemical procedures such as scouring and bleaching in the textile sector. It can also be used in the food industry to remove chemical residues from food products, replace chemical disinfectants, and decontaminate surfaces. In the healthcare industry, cold plasma sterilization techniques are being researched.
Factors such as consumer awareness, corporate sustainability initiatives, and governmental pressure contribute to the demand for environmentally friendly and sustainable solutions. Cold plasma technology aligns with sustainability goals, which is leading to the expansion of the global cold plasma market. Hence, increasing demand for eco-friendly and sustainable technologies will drive the growth of the market during the forecast period.
The polymer and plastic industry segment was valued at USD 414.22 million in 2017 and continued to grow until 2021. Cold plasma technology is used in the polymer and plastics sector owing to its properties such as surface activation, coating deposition, and alteration of polymer characteristics. Cold plasma treatment increases polymer adhesion qualities, which leads to more effective bonding and coating procedures. It also improves product quality by enabling effective cleaning and contamination removal from plastic surfaces. In addition, cold plasma therapy helps the environment by eliminating the need for chemical cleaners and encouraging environmentally friendly manufacturing methods. Vendors such as Plasmatreat, Europlasma, and Nordson offer products for the polymer and plastic industries. These factors will drive the growth of the segment during the forecast period.
North America is estimated to contribute 35% to the growth of the global market during the forecast period. In North America, cold plasma technology is used in various industries, such as textiles, electronics, healthcare, and others. The region has key competitors such as Tantec, Plasmatreat, and Nordson. Moreover, technological improvements such as the creation of portable and small cold plasma devices and real-time monitoring and automated integration capabilities are fueling market growth.
The demand for cold plasma is increasing in demand in the healthcare industry for sterilization purposes. The use of this technology for cancer therapy, dental applications, and wound healing has increased its demand in the region. In addition, cold plasma technology is being used in the food packaging sector to extend the shelf life of packed goods by getting rid of dangerous bacteria. Government policies and laws are also leading to market expansion. North American regulatory authorities, such as the FDA and Health Canada, have imposed guidelines and approvals for the use of cold plasma in healthcare applications. The rising use in the healthcare, electronics, and automotive sectors is also driving the regional market's growth.
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The Cold Plasma Market is fragmented in nature. Some significant players include AcXys Technologies, Adtec RF, Advanced Plasma Solutions, Apyx Medical Corp., CINOGY System GmbH.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Coating Plasma Innovation, Enercon Industries Corp., Europlasma NV, Ferrarini and Benelli Srl, Henniker Scientific Ltd., MPG SA, Neoplas GmbH, Nordson Corp., PlasmaLeap Pty. Ltd., Plasmatreat GmbH, Tantec AS, TDK Corp., Terraplasma GmbH, UNIQAIR Technologies Ltd., and US Medical Innovations LLC
The cold plasma market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
Cold Plasma Market Scope |
|
Report Coverage |
Details |
Page number |
153 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.42% |
Market growth 2023-2027 |
USD 1790.8 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
13.5 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 35% |
Key countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AcXys Technologies, Adtec RF, Advanced Plasma Solutions, Apyx Medical Corp., CINOGY System GmbH, Coating Plasma Innovation, Enercon Industries Corp., Europlasma NV, Ferrarini and Benelli Srl, Henniker Scientific Ltd., MPG SA, Neoplas GmbH, Nordson Corp., PlasmaLeap Pty. Ltd., Plasmatreat GmbH, Tantec AS, TDK Corp., Terraplasma GmbH, UNIQAIR Technologies Ltd., and US Medical Innovations LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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