Cold Plasma Market Analysis and Forecast to 2031: By Industry (Polymer & Plastic Industry, Textile Industry, Electronics & Semiconductors Industry, Food & Agriculture Industry, Medical Industry), Regime (Atmospheric Cold Plasma, Low-Pressure Cold Plasma),

Cold Plasma Market Analysis and Forecast to 2031: By Industry (Polymer & Plastic Industry, Textile Industry, Electronics & Semiconductors Industry, Food & Agriculture Industry, Medical Industry), Regime (Atmospheric Cold Plasma, Low-Pressure Cold Plasma), and Region

The global cold plasma market was valued at USD 1.9 billion in 2021 and it is projected to reach up to USD 5.7 billion by 2031, at a CAGR of 10.5% during the forecast period.

Cold plasma, also referred to as non-equilibrium plasma or non-thermal plasma is a classification of plasma, and is considered the fourth state of matter. It has numerous applications in bioengineering, medicine, and therapeutics. Cold plasma is used for sterilization of biomedical surfaces, treatment of living biological tissues, and surface modification of biomedical devices and materials, owing to its antimicrobial & bactericidal properties.

The global cold plasma market is driven by less requirement of water for the process reducing the wastewater treatment cost; medical applications, such as enhancement of tissue repair, control of bleeding, destruction of cancer cells; and its application in packaging industries. Still, the huge capital incurred for implementing cold plasma technology is a key hindrance for the market. On the other hand, the growing need for medical research for developing treatment of lung, bladder, skin, and breast cancer offer lucrative opportunities for market growth.

Global Cold Plasma Market Scope and Report Structure

Market Trends and Drivers

The key factors such as the benefits of cold plasma technology are likely to boost the growth of the cold plasma market. Cold plasma technology has diverse applications in several industries. This processing method possesses many advantages, like low water and energy consumption, minimal fiber damage, reduced flammability, low chemical consumption, improved wettability, low cost, and a worker-friendly nature. Also, cold plasma technologies do not require onsite storage of supply chemicals or large volumes of processing water, either for implementation or in post-treatment rinsing. Their advantages, as compared to the currently used alternatives in application industries, have served to boost the adoption of cold plasma techniques.

Similarly, the application of cold plasma in infection prevention and prolonging the life of PPE is also refueling the growth of the market. Cold plasma may be used in the prevention of infectious diseases and nosocomial infections as it kills highly stable multi-resistant microbes. In the COVID-19 pandemic, protective clothing and sterile textiles are in short supply. Treatment with cold plasma or ozone-generating plasma can prolong the use of clothing. It can also help in the hydrophilization process in the textile industry for gloves, PPE kits, and masks to reduce microorganisms. Plasma treat, one of the leading players in the cold plasma market, has developed a prototype cleaning station that provides solutions for disinfecting protective clothing.

Market Restraints and Challenges

The major factor hindering the market growth is high capital investment. Before investing, companies always analyze the benefits of technology with regard to their investment and the time taken to recover that cost, considering their budget. Cold plasma technologies are capital-intensive as the equipment used in these coating technologies, such as vacuum equipment, are very costly and require special operating conditions, such as reduced temperatures and controlled vacuum conditions for operation.

Global Cold Plasma Market Segmentation

The report analyses the global cold plasma market based on industry, regime, and region.

Global Cold Plasma Market by Industry

Based on industry, it is segmented into polymer & plastic industry, textile industry, electronics & semiconductors industry, food & agriculture industry, and medical industry. The medical industry segment is likely to dominate the market during the forecast period. The advantages of cold plasma treatment coupled with minimal side-effects are propelling the market growth of the segment.

Global Cold Plasma Market by Regime

Based on the regime, it is segmented into atmospheric cold plasma, and low pressure plasma. The low pressure plasma segment is likely to dominate the market during the projection period. The key factors such as bacterial activity coupled with minimal surface ablation is boosting the market growth.

Geographical Analysis of Cold Plasma Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. The key factors such as increasing demand for decontaminated frozen food coupled with growing manufacturing facilities of textiles and the rising production of polymers are refueling the market growth during the forecast period.

Major Players in Cold Plasma Market

COVID-19 Impact

The cold plasma market is anticipated to be significantly impacted by the Covid-19 pandemic in 2020-2021. However, there could be possible disruptions in the industries such as electronics & semiconductors, textile, polymer & plastic, food & agriculture, and medical during the period of lockdown and movement restrictions imposed across the globe to control the virus spread and flatten the curve. Social distancing protocols and quarantine measures have reduced the demand for textiles, apparel, semiconductors & electronic appliances, large-scale farming practices, and non-essential services have been put off till the post lockdown period.

Recent Developments

• April 2020, Relyon plasma GmbH launched atmospheric plasma system, piezobrush PZ3.
• February 2020, Hennikar plasma signed a partnership with Irida, this helped the company to strengthen its geographic presence in Spain
• March 2019, Nordson Corporation launched Flex TRAK-SHS automated plasma treatment system. The FlexTRAK-SHS system’s advanced automation enables simultaneous strip buffering and plasma processing for higher chamber utilization normally despite being fully submerged for long periods, and the outer case breached.
• February 2019, P2i launched Drunkable, a system-level waterproofing solution that enables a smartphone to operate normally despite being fully submerged for long periods, and the outer case breached.
• November 2019, Europlasma launched a nanocoating product Plasmaguard.

Frequently Asked QuestionsQ. How big is the cold plasma market?Ans. The global cold plasma market size was USD 2.1 Billion in 2021 and is anticipated to reach USD 5.7 Billion in 2031, growing at a rate of 10.5% from 2022 to 2031.Q. What is the cold plasma market growth rate?Ans. The growth rate of the cold plasma market is 10.5% from 2022 to 2031.Q. Which region holds a major market share for the cold plasma market?Ans. North America holds a major market share of the cold plasma market in 2021.Q. Which segment accounted for the largest cold plasma market share?Ans. By regime, the low pressure cold plasma segment accounted for the largest cold plasma market share.Q. Who are the key players in the cold plasma market?Q. What are the factors driving the cold plasma market growth?Ans. The major factors driving the growth of the market are the increasing R&D.Q. What are the key growth strategies of cold plasma market players?Ans. The key growth strategies of cold plasma market players are product launch and product approval.Q. Which region will provide more business opportunities for the cold plasma market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the cold plasma market during the forecast period.

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