Cold Plasma Market is anticipated to grow at a CAGR of 10.5% during the forecast period 2021-2031

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.

New York, According to a new market research report published by Global Insight Services Cold Plasma Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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.

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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.

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.

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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.

Major Players in Cold Plasma Market

The key players in the global cold plasma market are Apyx Medical Corporation (US), Nordson Corporation (US), Adtec Plasma Technology Co. Ltd. (Japan), P2i (UK), Relyon Plasma GmbH (Germany), Henniker Plasma (UK), Enercon Industries (US), Acxys Plasma Technologies (France), Plasmatreat (Germany), Tantec A/S (Denmark), Europlasma (Belgium), Thierry Corporation (Germany), Surfx Technologies, LLC (US), SOFTAL Corona & Plasma (Germany), Coating Plasma Innovation (France), Ferrarini & Benelli (Italy), Neoplas GmbH (Germany), Terraplasma GmbH (Germany), Molecular Plasma Group (Germany), CINOGY GmbH (Germany), Advanced Plasma Solutions (US), UNIQAIR Technologies (US), PlasmaLeap Technologies (Australia), US Medical Innovations (US), and COMET Plasma Control Technologies (US).

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Reasons to buy Cold Plasma Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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