Stratview Research has published a new report titled “Cold Plasma Market” which is segmented 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 Type (Electrical & Electronic, Food, Medical, Textile, Polymer, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market is projected to witness an impressive double-digit CAGR over the next five years to reach US$ 3,164.5 million in 2024.
Following are some of the market drivers-
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
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Cold Plasma Market Share by End-Use Industry Type
The market is segmented based on the end-use industry type as electrical & electronics, polymers & plastics, medical, textiles, food, and others. 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 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.
Cold Plasma Market Share by Application Type
The market is also segmented based on the application type as coating, cleaning & activation, finishing, wound healing, adhesion, decontamination, sterilization, and others. 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. 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.
Cold Plasma Market Share by Regime Type
The market is also segmented based on the regime type as low-pressure and atmospheric-pressure plasma. Both low- and atmospheric-pressure cold plasmas are projected to grow at impressive rates over the next five years. 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.
Which Region is expected to remain the largest market?
In terms of 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.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Cold Plasma Market:
ADTEC Plasma Technology Co. Ltd.
Enercon Industries Corporation
Europlasma NV
Henniker Plasma Treatment
Neoplas Tools GmbH
Nordson Corporation
P2i Limited
Plasmatreat GmbH
Tantec A/S.
Key questions answered by the report
What is the projected CAGR for revenue from the Cold Plasma Market during the forecast period?
What would be the market be valued at by 2024?
What is a major driving factor for growth of the market?
Which region accounted for largest revenue share in the Cold Plasma Market?
Which are the major market players?
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