Cold Plasma Market to grow by USD 1.79 billion from 2022 to 2027 | The increasing demand for miniaturization and portability of cold plasma equipment – Technavio

NEW YORK, Nov. 14, 2023 /PRNewswire/ — The cold plasma market is set to grow by USD 1.79 billion from 2022 to 2027, progressing at a CAGR of 14.42% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The increasing demand for miniaturization and portability of cold plasma equipment is an emerging trend shaping the market growth. The market is witnessing a growing trend of developing small and portable cold plasma equipment. The versatility and convenience of cold plasma technology make it suitable for various settings and applications, including decontamination, surface sterilization, surface activation in manufacturing, and tissue regeneration in medical settings. The compact and portable nature of these devices allows for easy integration into existing systems and equipment, making them ideal for laboratories, clinics, field applications, and even homes. For instance, portable cold plasma devices are being designed specifically for wound healing applications. These advancements open up new opportunities for expanding the use of cold plasma technology across different industries, such as electronics and textiles. As a result, the market is expected to experience significant growth during the forecast period. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and forecast period (2023-2027). Download Sample Report in minutes!

Cold Plasma Market 2023-2027 – Market Dynamics

Driver

The increasing demand for eco-friendly and sustainable technologies is notably driving market growth. Industries, including food, healthcare, and textiles, are seeking alternatives to conventional chemical-based processes. One such alternative gaining attention is cold plasma technology, which offers non-toxic and environmentally friendly advantages. It produces minimal harmful byproducts and requires fewer chemicals. In the textile sector, cold plasma treatment shows promise in replacing traditional chemical methods like scouring and bleaching. Similarly, in the food industry, it can effectively remove chemical residues, replace disinfectants, and decontaminate surfaces. Furthermore, the healthcare industry is exploring cold plasma sterilization techniques. The demand for eco-friendly and sustainable solutions is driven by factors such as increasing consumer awareness, corporate sustainability initiatives, and governmental regulations. As cold plasma technology aligns with sustainability goals, the global cold plasma market is experiencing expansion. The growing demand for environmentally friendly and sustainable technologies will continue to drive the market’s growth during the forecast period.

Challenge 

High initial setup and operating costs are major challenges hindering market growth. The adoption of cold plasma technology by small and medium-sized businesses (SMEs) can be challenging due to the high costs involved. Cold plasma systems require significant upfront investments and ongoing expenses, including equipment purchase, installation, training, and maintenance. For SMEs with limited financial resources, these costs can be prohibitive, making it difficult for them to incorporate cold plasma technology into their operations. This limitation can particularly affect SMEs in the manufacturing sector, as they may struggle to compete in the market if they cannot afford to invest in cold plasma equipment. As a result, the market growth for cold plasma technology may be negatively impacted during the forecast period.

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Cold Plasma Market 2023-2027: Market Segmentation

This cold plasma market report extensively covers market segmentation by end-user (polymer and plastic industry, electronics and semiconductors industry, food and agriculture industry, textile industry, and medical industry), type (atmospheric cold plasma and low-pressure cold plasma), and geography (North America, Europe, Asia, and Rest of World (ROW)).

The market share growth by the polymer and plastic industry segment will be significant during the forecast period. The growth of this segment can be attributed to various factors, including enhanced coating and plastic adhesion, improved surface activation and cleaning, efficient elimination of impurities and pollutants, modification of surface quality, and reduced environmental impact. Cold plasma technology finds extensive use in the polymer and plastics industry due to its ability to activate surfaces, deposit coatings, and modify polymer characteristics. Through cold plasma treatment, polymer adhesion qualities are improved, resulting in more effective bonding and coating processes. Additionally, the technology enhances product quality by enabling efficient cleaning and removal of contaminants from plastic surfaces. Moreover, the use of cold plasma technology eliminates the need for chemical cleaners, promoting environmentally friendly manufacturing practices. Key industry players such as Plasmatreat, Europlasma, and Nordson offer products tailored for the polymer and plastic sectors. These factors are expected to drive significant growth in this segment during the forecast period.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report 

Companies Mentioned

AcXys TechnologiesAdtec RFAdvanced Plasma SolutionsApyx Medical Corp.CINOGY System GmbHCoating Plasma InnovationEnercon Industries Corp.Europlasma NVFerrarini and Benelli SrlHenniker Scientific Ltd.MPG SANeoplas GmbHNordson Corp.PlasmaLeap Pty. Ltd.Plasmatreat GmbHTantec ASTDK Corp.Terraplasma GmbHUNIQAIR Technologies Ltd.US Medical Innovations LLC

Companies Offerings 

AcXys Technologies – The company offers cold plasma solutions such as ULS nano and ULS range.Adtec RF – The company offers cold plasma products such as PlasmaTact 50.Advanced Plasma Solutions – The company offers cold plasma solutions for agriculture, 3D Printing, and medicine.

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Key Topics Covered:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-User
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix

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SOURCE Technavio