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Global Cold Plasma Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Industry, Application, Regime, and Region - Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 3437
Pages: 195
Formats: report pdf report excel report power bi report ppt

Cold Plasma Market Size (2022 to 2027)

The global cold plasma market size is estimated to be worth USD 5.46 billion by 2027 from USD 2.56 billion in 2022, growing at a CAGR of 16.36% during the forecast period.

Cold plasma is a type of plasma in which non-thermal equilibrium does not exist between the energies of gas molecules and electrons. Cold plasma is also known as non-thermal plasma and is used in various applications in various industries like medical, food, and biomedical industries. It is because of the low frequency of collisions between them. The gas molecules will be around room temperature, whereas electrons have high temperatures due to high energy.

The National Centre for Biotechnology Information Research stated that a patient suffering from two severe-degree burns was cured with cold plasma, which healed the itching and pain and produced a new tissue. Such cases help promote the usage of cold plasma in various treatments, not only in the medical industry, but it is also a powerful tool used to provide antimicrobial treatment for foodstuffs and food packaging materials.

MARKET DRIVERS:

Various applications of cold plasma technology are majorly accelerating the global cold plasma market growth.

Factors such as growing demand for cold plasma for the food packaging industry paired with the ongoing innovations of cold plasma technology in R & D drive global cold plasma market growth. Increasing requirements for frozen foods and the growing aging population suffering from diabetes, leading to chronic wounds like foot ulcers, further accelerate global cold plasma market growth.

Furthermore, cold plasma benefits, such as improving wettability, low chemical consumption, and low water consumption, aid cold plasma market growth. The use of cold plasma in medical treatment and reducing Infections further fuel the growth rate of the cold plasma market. 

MARKET RESTRAINTS:

The global cold plasma market is majorly restricted by factors such as the high capital required for implementing these technologies, such as vacuum equipment, low temperatures, and controlled vacuum conditions for operation. Additionally, the shortage of expert professionals, strict government rules and regulations for the launch of new technologies and products, and the FDA's approvals also hamper the market.

Currently, only a few companies are operating in the cold plasma market, and as a result, this technology has less commercialization in the last decade. The applications of cold plasma have been known to a few sectors. However, cold plasma-related applications are not available easily to the market at an affordable cost. A lack of awareness of cold plasma, high investment are the challenges of this technology. This poses a major challenge to the growth of the market.

Impact of COVID-19 on the global cold plasma market:

COVID 19 is caused by the SARS-CoV-2 virus that ruined many lives in unprecedented ways. It mainly affects the respiratory system, where people suffering from chronic illness may have severe symptoms. In few cases, it may also lead to death. This pandemic is an increasing burden for the healthcare sector. Therefore, there is an urgent need for virus inactivation. Cold plasma is playing a vital role in the inactivation of the virus. In the Research and development activities, these techniques are very helpful in developing an effective vaccine. Hence, the market size is growing higher rate since the start of the COVID 19 pandemic. 

During this pandemic, protective clothing and hygienic textiles are in short supply. Treatment with cold plasma can use clothing. It helps in the hydrophilization process in the textile industry for gloves, PPE kits, and masks to reduce microorganisms. For Instance, Plasmatreat, one of the leading companies in the cold plasma market space, has developed a cleaning station that provides solutions for disinfecting protective clothing.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Industry, Application, Regime, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global cold plasma market has been segmented & sub-segmented based on the industry, application, regime, and region.

Cold Plasma Market – By Industry:

  • Food & Agriculture
  • Medical
  • Textiles
  • Electronics & Semiconductors
  • Polymers

Based on the industry, the electronic and semiconductors segment is expected to hold the largest market share due to the increasing adoption of cold plasma technology. However, the food industry is the fastest-growing segment due to the increasingly stringent safety standards in the packaging and processing food products.

Cold Plasma Market – By Application:

  • Decontamination
  • Adhesion
  • Finishing
  • Sterilization
  • Coating
  • Cleaning and Activation
  • Printing
  • Wound Healing

Based on application, the cleaning and activation application is expected to be the largest segment due to high acceptance in the electronics and polymer industries. On the other hand, the decontamination segment is expected to be the fastest-growing segment due to its application in the food industry.

Cold Plasma Market – By Regime:

  • Low Pressure
  • Atmospheric Pressure

Based on the regime, both segments, low pressure and atmospheric pressure, are estimated to showcase steady growth rates during the forecast period. The low-pressure growth is mainly driven by bacterial activity and minimal surface ablation. The atmospheric pressure is expected to witness high growth due to various applications, from textiles to the medical industry. In addition, this atmospheric pressure is used for various pharmaceutical, food, textile, and packaging industries.

Cold Plasma Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Geographically, the European region held the largest market share in 2020 due to the numerous research and development activities and some of the major suppliers of cold plasma in this region. Additionally, increasing stipulation for different treatments, and in this region, the manufacturers are enlarging their production capacities to starve the needs of various industries are lavishing the market growth in Europe.

The North American market is predicted to showcase fierce competition to Europe during the forecast period in occupying the top position in the global market. In addition, factors such as the increasing packaged food market, company participants' existence for different FDA-approved products, fast acquisition of technologically advanced products of the healthcare sector are actively supporting the market growth in North America.

The Asia Pacific is expected to be the fastest-growing market due to the increasing textile manufacturing and demand for frozen foods. Periodic transfer of electronic manufacturing of the APAC region, the growing stipulation for decontaminated frozen food, and the growing manufacturing of polymer are boosting this region's market. Necessary advanced technologies for the electronics and semiconductors industry are estimated to fuel the market growth of the area. Countries like Japan and China have surged up the product usage for booming electronics and electrical segments.

Latin America region is expected to have steady growth due to increasing economic and infrastructural activities through various existing countries. As a result, Mexico is leading the cold plasma market over the analysis period.

The Middle East & Africa growth is expected to remain and have the average growth of the cold plasma market during the forecast period. The increase is due to the growing need for medical research for developing the treatment of lung, bladder, and skin and breast cancer, which provides profitable growth for market growth.

KEY MARKET PARTICIPANTS:

Some of the notable companies dominating the global cold plasma market profiled in this report are Enercon Industries Corporation, Henniker Plasma, ADTEC Plasma Technology Co. Ltd., Europlasma NV, Neoplas Tools GmbH, P2i Limited, Nordson Corporation, Plasmatreat GmbH, Vetaphone A/S, and Tantec A/S.

RECENT HAPPENINGS IN THIS MARKET:

  • In April 2020, Relyon plasma announced a new handheld device, piezobrush PZ3, with PDD technology. It is used for simple, secure, efficient, and mobile usage of cold atmospheric pressure plasma for the surface treatment of plastics, metal, and natural materials. It has got an effect on the surface properties of the elements necessary for processing and end-use.
  • In March 2019, Nordson, a global leader in plasma technology, has announced FlexTRAK SHS, an automated plasma treatment system. This system has a 96-liter large volume F3-S process chamber, which can be used for larger strips or used for larger strips, and more pieces can be used per cycle.
  • In 2019, Europlasma launched the world’s first halogen-free plasma nanocoating to protect wearable and portable electronic devices. This solution is based on low-pressure technology, where it delivers proprietary processes. This technology is increasingly used on a large scale for a protective coating for electronic devices and components, medical devices, and technical textiles' functionalization.

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