Cold Plasma Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMMD3151 | Last Updated On: Jun 23 2022 | Available Formats

> Global Cold Plasma Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Cold Plasma Market is segmented By End-use sector (Automotive, Aerospace, Polymers & plastics, Medical, Food Processing & packaging, Electronic & semiconductor, Others), By Application (Surface treatment, Sterilization & disinfection, Coating, Finishing, Adhesion, Wound Healing, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Market Overview

The Global Cold Plasma Market is expected to grow at a CAGR of 15.65% during the forecasting period (2022-2029). Cold plasma is also known as non-thermal plasma and is used in a wide variety of applications in various fields, including the medical, food and biomedical industries. It is an important tool that is used to provide antimicrobial treatment for food and food processing materials. The innovation to develop the technology is designed to develop in-pack decontamination. Cold plasma technology provides post-packaging food non-thermal treatment.

Market Dynamics

The major factors propelling the growth of the Cold Plasma market are the benefits of cold plasma technology, Food safety concerns, and innovations in textile production. Moreover, the growing application of cold plasma in the medical industry, and the application of cold plasma in infection prevention & prolonging the life of PPE is another factor creating a lucrative opportunity for the market growth.

Benefits of cold plasma technology

Cold plasma technology has a variety of uses in a number of industries. This method of processing has many advantages, such as low water and energy consumption, minimal fibre damage, reduced flammability, low chemical consumption, low-cost improved wettability, and a worker-friendly design. Cold plasma systems often do not need on-site storage of supply chemicals or large quantities of treatment water, either for use or for post-treatment rinsing. Their advantages, relative to the alternatives currently used in the application industries, have helped drive the adoption of cold plasma techniques.

Opportunity Application of cold plasma in infection prevention and prolonging the life of PPE

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

High capital investment

Until investing, businesses often assess the advantages of technology with regard to their expenditure and the time taken to recover the expense, taking into account their budget. Cold plasma technologies are capital-intensive, as the equipment used in these coating technologies, such as vacuum equipment, is very expensive and requires specific operating conditions, such as low temperatures and regulated vacuum conditions.

Cold Plasma Market Scope

Metrics

Details

Market CAGR

15.65%

Segments Covered

By End-use sector, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

COVID-19 Impact Analysis

COVID 19 is caused by the SARS-CoV-2 virus that has destroyed many lives in unimaginable ways. It primarily affects the respiratory system, where people with chronic diseases can have serious symptoms. It can lead to death in a few cases. This pandemic is a growing embarrassment on the healthcare sector. There is an immediate need for the inactivation of the virus. Cold plasma plays a key role in the inactivation of the virus. These methods are very beneficial in the production of an effective vaccine in research and development activities. As a result, the market size has increased at a higher pace since the start of the COVID 19 pandemic.

Segment Analysis

Based on the End-use sector, the Cold Plasma market has been classified into automotive, electronic & semiconductor, Food processing & packaging, Medical, aerospace, polymers & plastics and Others.

The Electrical & electronics segment is projected to be the dominant segment in the market during the forecast period.

The electrical & electronics industry is expected to remain the largest segment of the market over the next five years, led by a growing preference for cold plasma in semiconductors. The food industry is expected to see the highest growth in the same timeframe, driven by improved safety standards with higher demand for non-hazardous plasmas.

Based on application, the cold plasma segmented market is bifurcated into surface treatment, sterilization & disinfection, coating, Cleaning & activation, finishing, adhesion, wound healing and others (cleaning & activation)

Cleaning & activation is expected to dominate the Cold Plasma market.

The cleaning & activation segment is projected to remain the largest application of cold plasma during the forecast era, driven by increasing penetration in the electrical & electronics and polymer & plastics industries. The coating also had a decent market share in 2018, led by North America and Asia-Pacific areas. Decontamination currently retains a diminutive market share but is projected to experience the fastest growth of the food industry during the forecast period.

Geographical Analysis

Based on geography, the study analyzes the Cold Plasma market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America is expected to dominate the global Cold Plasma market

North America is holding a dominant position in the global Cold Plasma market in 2019. In North America, the U.S. is expected to represent considerable growth during the forecast period. In the U.S., rising food safety concern, and the growing usage of cold plasma in the medical industry is the major factor driving the growth of the market. Moreover, Latin America is expected to represent significant growth in terms of value during the forecast period. the continuous shift of electronic manufacturing to the Asian countries, increasing demand for decontaminated frozen food, growing manufacturing facilities of textiles, and increasing production of polymers. is expected to propel market growth across the Region. The Cold Plasma market for the Asia Pacific is expected to observe rapid growth over the forecast period, backed by the growth of the innovation in textile production, and application of cold plasma in infection prevention and prolonging the life of PPE.

Competitive Landscape

The Cold Plasma market is highly competitive, owing to the presence of big market players in the market. The key Cold Plasma players who are contributing to the growth of the global market include Linde ag, Nordson Corporation, ADTEC Plasma Technology Co., Ltd., Plasmatreat GmbH, Bovie Medical Corporation, Neoplas Tools GmbH, Europlasma NV, Tantec A/S, Henniker Plasma, Vetaphone A/S, among others. The major players are adopting new product launch and expansion strategies for global growth in the Cold Plasma market.  

Piezobrush PZ3 (Relyon plasma GmbH):

Piezobrush® PZ3 was developed as a compact plasma handheld unit for use in small series laboratories, pre-development and assembly. With a maximum power consumption of 18 W, the Piezoelectric Direct Discharge (PDD®) technology is used to produce cold-active plasma at a temperature of less than 50°C.

Product Portfolio: The Company’s portfolio comprises glass and plastic materials, sterilization of thermally sensitive plastic materials, plasma supported lamination processes, plasma supported adhesive bonds, fine cleaning and others.

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