Cold Plasma Market by Industry (Textile, Electronics & Semiconductors, Polymer & Plastic, Food & Agriculture, Medical), Application (Adhesion, Etching, Wound Healing, Cancer treatment), Regime (Atmospheric, Low-Pressure), Region - Global Forecast to 2024
The global cold plasma market is projected to grow at a CAGR of 15.6%
The global cold plasma market size is expected to reach USD 3.1 billion by 2024 from USD 1.5 billion in 2019, at a CAGR of 15.6% during the forecast period. The growth in this market is primarily attributed to the benefits of cold plasma, such as its environment-friendliness, innovations in textile production, growing food safety concerns, innovations in cold plasma technology, and the increasing use of cold plasma in meat and poultry packaging decontamination.
By polymer & plastic industry, the surface treatment segment accounted for the largest market share of the market
Within the polymer & plastic industry, the cold plasma market has been segmented into surface treatment, printability, adhesion, and other applications. The surface treatment segment accounted for the largest share of the cold plasma industry in 2019. Advantages of cold plasma treatment, such as enabling surfaces to be contamination-free from dirt, grease, oils, and fluorine, which allows for better wetting, initial adhesion, and long-term stability drive the growth of this segment.
Atmospheric cold plasma for the polymer & plastic industry is expected to grow at the highest CAGR during the forecast period
Based on the regime for the polymer & plastic industry, the cold plasma market has been segmented into atmospheric cold plasma and low-pressure cold plasma. The atmospheric cold plasma segment is expected to witness the highest CAGR owing to the profitable, fast, and environment-friendly option.
“APAC is projected to witness the highest growth during the forecast period.”
Europe is expected to account for the largest share of the global cold plasma market in 2019. On the other hand, the APAC region is expected to witness the highest CAGR during the forecast period due to rising manufacturing activities in Asian countries (particularly electronics, textiles, and polymers) and the increasing demand for decontaminated frozen food.
The breakdown of primary participants was as mentioned below:
By Company Type: Tier 1-35%, Tier 2-40%, and Tier 3-25%
By Designation: C-level-35%, Director Level-25%, and Others-40%
By Region: North America-35%, Europe-30%, Asia Pacific-15%, Latin America-10%, Middle East & Africa - 10%
The report analyzes the various cold plasma products and their adoption patterns in different industries such as textile, electronics & semiconductors, polymer & plastic, food & agriculture, and medical. It aims at estimating the market size and future growth potential of the global cold plasma market for different segments such as industries, and their applications, regime, and regions. The report also includes an in-depth competitive analysis of the key players in this market, along with their company profiles, product offerings, and recent developments.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening the market.
This report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios offered by the top players in the global cold plasma market
Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the global cold plasma market
Market Development: Comprehensive information on the lucrative emerging regions by industry, regime, and region
Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global cold plasma market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and products of leading players in the global cold plasma market
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