USD 1.60 billion
Cold Plasma Market Size, Share, Growth Analysis, By Industry(Polymer & Plastic Industry (Surface Treatment, Printing, Adhesion, Other Polymer & Plastic Industry)), By Regime(Atmospheric Cold Plasma, and Low-pressure Cold Plasma), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35H2228 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|Tables:
61
|Figures:
75
Cold Plasma Market Insights
Cold Plasma Market size was valued at USD 2.1 Billion in 2023 and is poised to grow from USD 2.42 Billion in 2024 to USD 7.36 Billion by 2032, growing at a CAGR of 15% during the forecast period (2025-2032).
Cold plasma market is a speedily evolving market impacted by key improvements in technology like integration with IoT technologies, and expanding applications in diverse industries. The global market is witnessing considerable growth affected by the rising demand for efficient and environmentally friendly solutions. Furthermore, increasing emphasis on sustainability and expanding applications, mainly in healthcare, is boosting the market growth. Nonetheless, the market is hampered by factors like lack of awareness and education about the benefits and applications of cold plasma and significant initial costs needed for purchase and installation. Yet, the market is opportune to factors like innovations in medical applications like cancer treatments and advanced wound care. Moreover, the growth of sustainability and eco-friendly practices is another opportunity witnessed in the market.
Market snapshot - 2024–2031
Global Market Size
Largest Segment
Low Pressure
Fastest Growth
Low Pressure
Growth Rate
15.7% CAGR
Global Cold Plasma Market ($ Bn)
Country Share for North America Region (%)
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Cold Plasma Market Segmental Analysis
Global Cold Plasma Market is segmented by Industry, Regime, and region. Based on Industry, the market is segmented into Polymer & Plastic Industry (Surface Treatment , Printing, Adhesion, Other Polymer & Plastic Industry), Textile Industry (Finishing, Dyeing/Printing, Sterilization, Other Textile Applications), Electronics & Semiconductors Industry (Coating, Etching, Thin Film Deposition), Food & Agriculture Industry (Packaging Decontamination, Food Surface Decontamination, Wastewater Treatment, Seed Germination ), Medical Industry ( Wound Healing, Cancer Treatment, Dentistry, Blood Coagulation, Other Medical Applications). Based on Regime, the market is segmented into Atmospheric Cold Plasma, and Low-pressure Cold Plasma. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Industry
Based on industry, the cold plasma market is categorized into polymer & plastic industry, textile industry, electronics & semiconductors industry, food & agriculture industry, and medical industry. The medical industry segment held a notable share of the market in the previous years and is expected to lead over the forecast period as well owing to effective sterilization, better would healing applications, and non-toxicity and safety. Cold plasma technology offers effective sterilization in medical surfaces and instruments, which significantly decreases the risk of infections in medical settings. Use of cold plasma allows tissue regeneration and faster wound healing for chronic wounds and surgical areas. The non-toxic technique is also safe for use in clinics and hospitals.
On the other hand, the electronics & semiconductors industry segment is projected to grow considerably over the forecast period owing to its surface modification, enhanced performance, and better compatibility with advanced materials. Cold plasma is extremely effective for enhancing adhesion, surface treatment, cleanliness of substrates, and wettability, which is important for manufacturing semiconductors. Technology is also utilized to improve the electrical attributes of parts, resulting in better reliability and performance in electronic devices. With the growing number of electronics, cold plasma can be capably used in numerous advanced materials like composites and polymers, increasing its versatility for varied uses.
Analysis by Regime
Based on regime, the market is segmented into atmospheric cold plasma, and low-pressure cold plasma. The atmospheric cold plasma segment held a notable market share in the previous years and is expected to continue dominance over the forecast period as well owing to easy usage, versatility offered, and faster process times. Atmospheric cold plasmas can effectively function at ambient conditions that streamlines their integration in the current infrastructure without requiring additional vacuum systems. This plasma can also be utilized in a wide range of surfaces and materials, comprising textiles, polymers, and metals, increasing its applications in diverse sectors. Also, it offers short timeframes, which is beneficial for high-throughput production settings.
On the other hand, the low-pressure cold plasma segment will hold a remarkable market share in the coming years owing to better uniformity, high-quality plasma, effective functionalization, and compatibility with advanced materials. Low pressure plasma offers unvarying treatments in complex geometrics and surfaces, which is important for applications in industries like semiconductor and electronics. It produces a highly controlled and stable plasma environment, enabling accurate modifications of materials, especially in sensitive use cases. This regime is highly suitable and reliable for surface functionalization, enhancing attributes and adhesion of films and costings. Also, the regime is highly suitable for varied advanced materials which are needed for industries like medical devices, automotive, and aerospace.
Cold Plasma Market By Technology
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Cold Plasma Market Regional Insights
Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to its strong research and development investment that fosters modernizations in cold plasma in diverse industries. Moreover, strong healthcare infrastructure in North America is fueling cold plasma demand in wound care, sterilization, and manufacturing of medical devices. The region boasts about its well-developed manufacturing infrastructure, especially in semiconductors, which widely uses cold plasma. The key players profiled in the region include PlasmaTreat, Advanced Plasma Technology, Nordson Corporation, P2i Ltd, Enercon Industries, Tetra Science, and more.
Asia-Pacific is the fastest-growing region in the global cold plasma market due to speedy industrialization, rising healthcare demands, cost-effective solutions, and growing number of R&D initiatives. Asia-Pacific is witnessing speedy industrial growth, mainly in manufacturing industries like automotive, electronics, and textiles. This fuels the need for cold plasma due to its improved technology. Rising healthcare demand and investments in healthcare technologies ae driving the use of cold plasma for wound treatment and sterilization. Moreover, the accessibility of cost-effective systems appeals manufactures to improve processes without needing additional costs and investments. Several nations in the region are heavily investing in innovative uses of cold plasma, thus impacting the market growth in the region.
Cold Plasma Market By Geography
- Largest
- Fastest
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Cold Plasma Market Dynamics
Drivers
Growing Demand for Sustainable Solutions
- As industries are majorly shifting to reduce their ecological impact, cold plasma provides chemical-free techniques to sterilization and surface treatment that comply with the ongoing green practices. such environment-friendly alternatives are driving the market growth. Moreover, strict regulation on the utilization of risky chemicals in industries, including healthcare, textile, and food are fueling the implementation of cold plasma technologies.
Growth in Packaging and Food Processing
- Growing concerns for foodborne diseases are notably demanding effective and reliable decontamination methods. For such use cases, cold plasma technology is highly preferred that accurately decreases microbial contamination on food surfaces. Moreover, the capability of cold plasma to improve shelf life of food items via surface modification is another leading factor in the food and beverages industry.
Restraints
Competition from Alternate Technologies
- Conventional methods like thermal process and chemical treatments are well-established methods and are more prevalent among the manufacturers. Established presence of these techniques may be challenging for cold plasma techniques to create and increase its existence in the market. This could be a major market restraint. Furthermore, competing technologies like laser treatments and other improved methodologies for surface modification are progressing on a large scale, which could limit the growth of cold plasma.
Growing Safety and Regulatory Concerns
- Navigating the strict regulatory landscape may be challenging and time-consuming. Diverse regions may have different regulations and norms regarding the use of cold plasma technology, which could challenge the company's seeking expansion in the markets. Furthermore, despite cold plasma being regarded as safe, the said technology may witness inspection for its prolonged impact on the environment and health.
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Cold Plasma Market Competitive Landscape
The cold plasma market is distinguished by the strong competitive and dynamic landscape impacted by the growing efforts of the key operating players in technological developments, growing demand for surface treatment, and expanding applications in industries like food packaging, healthcare, and textiles. Prominent players like Nordson Corporation, P2i Ltd., Advanced Plasma Technology, and PlasmaTreat are engaged in innovations, improvements in surface treatment technologies, and offering varied systems for cold plasma treatments. Overall, expanding applications and continuous improvements are important for businesses looking to improve their rankings in the market.
Top Player’s Company Profiles
- Nordson Corporation
- Adtec Plasma Technology Co., Ltd.
- Plasmatreat GmbH
- Apyx Medical
- P2i Limited
- Relyon Plasma GmbH Corporation
- Henniker Plasma
- Enercon Industries Corporation
- ACXYS Plasma Technologies
- Tantec A/S
- Europlasma N.V.
- Thierry Corporation
- Surfx Technologies, LLC
- Softal Corona & Plasma GmbH
- Coating Plasma Innovation
- Ferrarini & Benelli SRL
- Neoplas GmbH
- Terraplasma GmbH
- Molecular Plasma Group
- Cinogy Technologies GmbH
- US Medical Innovations
Recent Developments
-
In September 2023, the Indian Institute of Technology Jodhpur has come up with a milestone device called 'CODE', that is 'Cold-plasma Detergent in Environment.' With the intention of improving the indoor air quality to the limit of healthy health. The device has gone through some rigorous testing for deactivating more than 99.99 % of such harmful pathogens to ensure a healthier indoor environment.
-
In August 2023, Wundgruppe24 WG24 GmbH and Viromed Medical GmbH signed a strategic partnership. This move not only consolidates their efforts in joint sales, but also correlates interests in further expansion activities.
-
In July 2023, a partnership between Cold Plasma Group and Queen's Partnerships & Innovation (QPI) was formed, with the support of the Government of Canada through Federal Economic Development Agency for Southern Ontario. This was through the following joint initiatives: ScaleUp Platform Project, WE-CAN [Women Entrepreneurs Can] Project, and Health Innovation Kingston [HI YGK] Project.FileDialog These are some of the activities planned to spur innovation and entrepreneurship in the area under investigation.
Cold Plasma Key Market Trends
- Integration with Automation and IoT: Lately, cost plasma systems are increasingly being integrated with IoT technologies on a large scale with the aim of increased control and monitoring in diverse industrial applications. Also, smart plasm systems can effectively enhance procedures in real-time, which improves consistency and efficiency in manufacturing purposes. This trend is especially common in the automotive and electronics sectors.
- Improvements in Medical Applications: Cold plasma is widely acknowledged and accepted for its potential in the healthcare industry. The latest research and studies underscore its efficacy in wound healing, sterilization, and several cancer treatments. Modernizations like the use of plasma-activated technologies for tissue regeneration and handheld plasma solutions for in-situ sterilization are gaining popularity.
Cold Plasma Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Cold Plasma market analysis, the global cold plasma market is expending a huge amount of time and energy on growth and innovation. With increasing demand for advanced treatments, growing concern about food hygiene and safety, and a rising need for eco-friendly industrial processes, this market is on the verge of further growth. During our research, it came to our knowledge that healthcare applications are one of the major growth drivers for the global cold plasma market. Extensive research on cold plasma technology has been done for several medical applications such as wound healing, cancer treatment, sterilization of medical devices, and tissue regeneration. Our results, however, have revealed that it is particularly plasma technology developments in atmospheric pressure systems that can broaden the industrial applications of cold plasma. Also, during our research, we found that the regional dynamics driving the global cold plasma market. While North America currently holds the largest market share, the fastest-growing region would be the Asia Pacific, basically due to rapid industrialization, increasing investments in healthcare infrastructure, and rising awareness about the benefits accruable through cold plasma technology.
Furthermore, government support for initiatives promoting technological innovation and industrial growth fuels market expansion across regions. The global cold plasma market is full of opportunities available to players. Players leverage the growing demand for advanced technologies offering solutions to pressing global challenges. Improving plasma technology, extending applications across industry lines, coupled with favorable government policies, certainly would help this market register promising growth in the future. This will entail investment in research and development, strategic partnerships, and a customer-focus approach to business if companies must remain competitive within the market's dynamic and changing nature.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.8 billion |
| Market size value in 2031 | USD 6.4 billion |
| Growth Rate | 15% |
| Base year | 2023 |
| Forecast period | 2024–2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cold Plasma Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cold Plasma Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cold Plasma Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cold Plasma Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cold Plasma Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cold Plasma Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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