Nov 7, 2019   SOURCE: BusinessWire

Cold Plasma Markets, 2024 by Industry (Textile, Electronics & Semiconductors, Polymer & Plastic, Food & Agriculture, Medical), Application (Adhesion, Etching, Wound Healing, Cancer treatment) - ResearchAndMarkets.com

The "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" report has been added to ResearchAndMarkets.com's offering.

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%

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 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.

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.

Market Dynamics

Drivers

  • Benefits of Cold Plasma Technology
  • Food Safety Concerns
  • Innovations in Textile Production

Restraints

  • High Capital Investment

Opportunities

  • Growing Application of Cold Plasma in the Medical Industry
  • Developing Nations

Challenges

  • Limited Commercialization of Cold Plasma

Companies Mentioned

  • AcXys Plasma Technologies
  • Adtec Plasma Technology Co., Ltd.
  • Apyx Medical Corporation
  • CINOGY Technologies GmbH
  • Coating Plasma Innovation
  • Enercon Industries Corporation
  • Europlasma Nv
  • Ferrarini & Benelli Srl
  • Henniker Plasma
  • Molecular Plasma Group
  • Neoplas GmbH
  • Nordson Corporation
  • P2i Limited
  • Plasmatreat GmbH
  • Relyon Plasma GmbH
  • SOFTAL Corona & Plasma GmbH
  • Surfx Technologies, LLC
  • Tantec A/S
  • Terraplasma GmbH
  • Thierry Corporation

For more information about this report visit https://www.researchandmarkets.com/r/4df65v