Cold Plasma Market Growth Analysis

Market Insights

The Cold Plasma Market is estimated to grow from US$ 1.5 Billion in 2021 to US$ 3.1 Billion by 2027 at a CAGR of 12.5% during the forecast period of 2022-2027.

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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.

Market Drivers

The prime factor that is 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 food packaging industry.
• Introduction of stringent safety standards in various industries including food safety.
• Growing needs for frozen food.

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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.

Some of the major players in the market are-

• Enercon Industries Corporation
• Nordson Corporation
• Plasmatreat GmbH
• ADTEC Plasma Technology Co. Ltd.
• Europlasma NV
• Henniker Plasma Treatment
• Neoplas Tools GmbH
• P2i Limited
• Tantec A/S.

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 the semiconductors.

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

By 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.

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The 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)

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.

The following are the key features of the report:

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

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.

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.