Cold Plasma Market Size & Growth Analysis to 2030

The global cold plasma market size is expected to experience a significant CAGR of around 15% during the forecast period and was estimated at over USD 1.5 billion in 2021. The increasing demand for the technology in a wide range of applications such as textiles, medicine, electronics, food, and plastic & polymers is a primary factor to drive the market growth. Furthermore, the increasing demand for cold plasma in various applications such as surface cleaning, surface treatment, and wastewater treatment is further expected to create some significant opportunities for the market players in different regions across the globe. Moreover, the growing textile production and the rising demand for the product in wound healing are anticipated to fuel the market over the forecast period.

Market Drivers:

Increasing Application Areas: Cold plasma finds applications across a wide range of industries, including healthcare, electronics, textile, food and agriculture, and packaging. The ability of cold plasma to effectively sterilize surfaces, enhance wound healing, improve material adhesion, decontaminate food, and modify surface properties makes it suitable for various applications. The expanding application areas of cold plasma drive the demand for cold plasma technologies and equipment.

Growing Focus on Healthcare and Medical Applications: Cold plasma has shown promising results in various healthcare applications, such as wound healing, cancer treatment, dental care, and sterilization of medical devices. Cold plasma’s ability to kill bacteria, viruses, and fungi while promoting tissue regeneration makes it valuable in healthcare settings. With the increasing focus on infection control, antimicrobial solutions, and non-thermal sterilization methods, the demand for cold plasma technology in the healthcare sector is expected to grow.

Need for Environmentally Friendly Technologies: Cold plasma is considered an environmentally friendly technology due to its ability to eliminate or reduce the use of chemical disinfectants and pesticides. It offers a non-toxic and residue-free alternative for surface decontamination and sterilization. As environmental concerns and regulations regarding the use of chemicals continue to rise, the demand for cold plasma as a sustainable and eco-friendly solution increases.

Advancements in Plasma Technology: Ongoing advancements in cold plasma technology, including plasma sources, equipment, and control systems, drive the market growth. These advancements aim to improve the efficiency, stability, and scalability of cold plasma systems, making them more accessible and commercially viable. The development of compact and portable cold plasma devices further expands their applications and market potential.

Food Safety and Preservation Requirements: The food and agriculture industry faces challenges related to food safety, shelf-life extension, and reduction of chemical preservatives. Cold plasma technology offers an effective solution for food decontamination, pathogen control, and surface treatment of fresh produce. It helps in maintaining the quality and extending the shelf life of food products. The increasing demand for safe and high-quality food products drives the adoption of cold plasma technology in the food industry.

Surface Modification and Adhesion Enhancement: Cold plasma treatment is used for surface modification and adhesion enhancement in various industries, including electronics, automotive, and aerospace. It improves the bonding properties of materials, enables precise surface activation, and enhances coatings’ adhesion strength. These benefits make cold plasma technology valuable for industries that require high-quality surface treatment and adhesion processes.

Supportive Government Initiatives: Government initiatives and funding programs that promote research and development in plasma technology drive the adoption of cold plasma in various industries. Governments recognize the potential of cold plasma technology in solving healthcare, environmental, and industrial challenges. Financial support, incentives, and collaboration opportunities provided by governments encourage the adoption of cold plasma solutions.

Cost-Effectiveness and Efficiency: Cold plasma technology offers advantages such as fast processing times, reduced energy consumption, and low operating costs compared to traditional methods. The cost-effectiveness and efficiency of cold plasma make it an attractive choice for industries seeking advanced and sustainable solutions. As cold plasma systems become more affordable and accessible, their adoption is expected to increase across different sectors.

Market Snapshot:

Market Insights:

By regime, the atmospheric pressure cold plasma dominated the global market in 2020

The global cold plasma market is bifurcated into regime, application, end-use, and geography. On the basis of regime, the market is further segmented into low pressure and atmospheric pressure. The atmospheric pressure cold plasma segment dominated the global market in 2020 and is expected to hold the largest revenue share of over two-thirds of the market by the end of the analysis period. The increasing adoption of the product in surface modification, water treatment, and air purification are some major factors to drive the segment growth. Furthermore, the increasing use of the technology in various end-use industries such as textile, medicine, food, and packaging are further anticipated to fuel the segment growth over the forecast period.

By application, the wound healing segment is expected to hold the largest market share by 2028

On the basis of application, the market is segmented into wound healing, surface treatment, sterilization & disinfection, coating, finishing, adhesion, and others. The wound healing segment dominated the global cold plasma market in 2020 and is expected to hold the largest revenue share of around 20% of the market by the end of the analysis period. The increasing adoption of the technology in treatment due to its lower side effects is one of the major factor to increase its demand in wound healing application. Furthermore, the rising prevalence of trauma, accidents, and the increasing number of wound management cases are further anticipated to propel the segment growth over the forecast period.

By end-use, the plastics and polymers segment dominated the global cold plasma market in 2020

On the basis of end-use, the market is segmented into polymers & plastics, textile, electronics & semiconductors, food processing & packaging, medical, and others. the plastic and polymers segment holds the largest share of the global cold plasma market in 2020 and is expected to hold a significant market share of around one-third market share by the end of the analysis period. The increasing use of technology for surface modification is one of the major factor to drive the segment growth. Furthermore, the increasing use of the technology in the plastic and polymer industry is further anticipated to propel the segment growth.

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The cold plasma comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The cold plasma market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2019-20 – Historical Year
• 2021 – Base Year
• 2022-2028 – Forecast Period

Market Segmentation:

By Regime:

• Low Pressure
• Atmospheric Pressure

By Application:

• Wound Healing
• Surface Treatment
• Sterilization & Disinfection
• Coating
• Finishing
• Adhesion
• Others

By End-Use:

• Polymers & Plastics
• Textile
• Electronics & Semiconductors
• Food Processing & Packaging
• Medical
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage:

Tha Aisa Pacific is expected to register the fastest CAGR over the forecast period

Geographically, North America dominated the global cold plasma market in 2020 and accounted to hold a significant market share of over one-third market share in terms of revenue. Technological advancement, growing expenditure in healthcare infrastructure, and the growing electrical and electronics industry are some major factors to drive the market growth in the region. Furthermore, the increasing adoption of technology in cancer treatment is further anticipated to fuel market growth in North America. On the flip side, the Asia Pacific is estimated to drive market growth at the highest CAGR over the forecast period due to the increasing demand for technology in developing economies.

Regional Analysis:

Some of the major market players operating in the global cold plasma market are Apyx Medical Corporation, Adtec Plasma Technology Co. Ltd., Nordson Corporation, P2i, and Henniker Plasma. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Apyx Medical Corporation
• Adtec Plasma Technology Co. Ltd
• Nordson Corporation
• P2i
• Henniker Plasma
• Relyon Plasma GmbH
• AcXys Plasma Technologies
• Enercon Industries
• Tantec A/S
• Plasmatreat
• Surfx Technologies, LLC

Key Questions Answered by Cold Plasma Market Report

• Global cold plasma market forecasts from 2022-2028
• Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
• Cold plasma submarket forecasts from 2022-2028 covering the market by regime, by application, by end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level cold plasma markets from 2022-2028
• Competitive Landscape and market positioning of top 10 players operating in the market