‘Cold Plasma Market to become US$ 2,845.8 million opportunity in 2023’– Stratview Research Market Report

As per the latest market intelligence report published by Stratview Research, the Cold Plasma Market is anticipated to reach at US$ 2,845.8 million by 2023.

The research studies Cold Plasma Market in the trend period of 2012 to 2017 and forecasted period of 2018 to 2023 under four segments 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), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023

The study finds –
 The electrical & electronics industry is forecasted to remain the largest segment of the market over the next five years.
 The cleaning & activation segment is projected to remain the largest application of cold plasma during the forecast period.
 Both low- and atmospheric-pressure cold plasmas are projected to grow at impressive rates over the next five years.
 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

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Cold Plasma Market: Highlights
The global cold plasma market is projected to witness an impressive double-digit CAGR over the next five years to reach US$ 2,845.8 million in 2023. Continuous innovations in cold plasma technology, rising demand for eco-friendly products, increasing use of cold plasma in food packaging industry, the introduction of stringent safety standards in various industries including food safety, and growing needs for frozen food are some of the growth drivers of the cold plasma market.

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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.

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 2017, 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.

The market is also segmented based on the regime type as low-pressure and atmospheric-pressure. 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.

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.

The market is highly fragmented with the presence of a few global players and several small regional players. Most of the small players have capabilities limited to a few applications in a few end-use industries. ADTEC Plasma Technology Co. Ltd., Enercon Industries Corporation, Europlasma NV, Henniker Plasma Treatment, Neoplas Tools GmbH, Nordson Corporation, P2i Limited, Plasmatreat GmbH, and Tantec A/S are major players in the market. Development of new applications, innovations in new technology, and collaboration with customers are some of the key strategies adopted by major companies to gain a competitive edge over others.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum input to the entire value chain of Cold Plasma Market. The key features of the report are -
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Stratview follows a rigorous process for conducting business research from primary and secondary sources to understand the entire market ecosystem. It has several high value market reports in the chemicals and materials industry. Please refer to the following link to browse through the reports:

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