According to the report, the size of the Middle East and Africa Cold Plasma Market was worth USD 0.15 million in 2019 and is estimated to grow at a CAGR of 16.1%, to reach USD 0.33 million by 2024 during the forecast period.
The cold plasma is a type of plasma in which non-thermal equilibrium does not exist between the energies of gas molecules and the electrons. It is because of the low frequency of collisions between them. The gas molecules will be around room temperature whereas electrons are at having high temperatures due to high-energy.
Cold Plasma technology is applied in several fields such as semiconductors, medical and food and agriculture. It is also used in the textile industry to remove surface hairiness of woolen fabrics and to provide shrink resistance in cotton fabrics. In the food industry, this technology is used to decontaminate food products without changing the physiochemical properties of them. Furthermore, it is also used in the treatment of lung and breast cancer and also to sterilize biomedical surfaces.
Constant technological advances, highly effective antimicrobial properties of this technology and increasing applications of cold plasma in various food and medical industries are expected to drive the market. The growing need for eco-friendly products and usage of cold plasma technology in life sciences such as the treatment of biological tissues are also driving the market growth. A requirement of huge initial investments to buy the equipment and difficulty in predicting structural characteristics of its treatment fragments are inhibiting the market growth.
The electronics and semiconductors industry is expected to hold the largest market share due to the increasing adoption of cold plasma technology in this industry. However, the food industry is the fastest-growing segment due to the increasing stringent safety standards in packaging and processing of food products.
Cleaning and application are expected to be the largest segment due to high acceptance in electronics and polymer industries. The decontamination segment is expected to be the fastest-growing segment due to its application in the food industry. Both segments have significant growing rates in their respective usage industries.
The cold plasma market is analyzed under the Middle East and Africa regions. Middle East region is expected to be the fastest-growing market due to developing infrastructure in the healthcare sector and increasing R&D activities.
Detailed Segmentation of the report
Major players in this Middle East and Africa Cold Plasma Market include 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.
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