Cold Plasma Market By Regime (Atmospheric Cold Plasma and Low-pressure Cold Plasma), By Application (Surface Treatment, Coating, Etching, Sterilization, Decontamination, Wound Healing Diseases Treatment, and Others), By End-user Industry(Medical, Textile, Polymer & Plastics, Electronics & Semiconductor, Food & Beverages, Others) And By Geographic Regions (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – Global Market Analysis, Trends, Opportunity and Forecast, 2023-2032

Market Size and Overview:

The cold plasma market size is poised to reach USD 7.0 billion by the end of 2032, growing at a CAGR of 12.3% during the forecast period, i.e., 2023 – 2032. In the year 2022, the industry size of cold plasma market was USD 2.2 billion. The reason behind the growth can be attributed to the rising need, for energy efficient solutions the increasing use of cold plasma technology the expanding electronics and semiconductor industry and the growing investment in research and development, within the cold plasma sector. The marketplace incorporates a wide range of products, along with applications. The market is highly competitive with key players striving to meet evolving customer demands.

Market Segmentation:

Regime

• Atmospheric Cold Plasma
• Low-pressure Cold Plasma

Application

• Surface Treatment
• Coating
• Etching
• Sterilization
• Decontamination
• Wound Healing
• Diseases Treatment
• Others

End-user Industry

• Medical
• Textile
• Polymer & Plastics
• Electronics & Semiconductor
• Food & Beverages
• Others

Geographic Regions:

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

On the basis of regime in the cold plasma market the low-pressure cold plasma segment accounted the highest market share in 2022. Low-pressure cold plasma is expected to maintain the biggest share of the marketplace and is likewise projected to grow at the very high amount at some point of the forecast length. The big proportion and excessive growth price of this phase may be attributed to bactericidal activity and minimum surface ablation. This is because of the growing use of low-pressure cold plasma in programs along with etching, sterilization, and decontamination.

Regional Analysis:

North America stands as one of the major markets for cold plasma, driven through the emphasis on technological advancements in the healthcare industry and the growing demand for eco-friendly solutions make contributions to the region’s dominance. The United States, primarily, is a key contributor on this marketplace. Europe is one of the leading marketplaces for cold plasma because of the region’s increasing focus on cold plasma technology for food and beverage applications, The European market showcases a developing interest in environmental sustainability concerns. The Asia Pacific cold plasma market is estimated to witness significant growth, during the forecast timeframe led by, rapid industrialization, increasing disposable incomes, and a growing appreciation for eco-friendly solutions. The demand for cold plasma is anticipated to rise in countries like China and India, in which expanding electronics and semiconductor industries and rising demand for eco-friendly solutions. Latin America and the Middle East and Africa display steady growth inside the cold plasma market, fueled via urban development, a rising middle class, and a growing demand for innovative technologies in these regions. Key participants to the market's growth in these areas encompass Brazil, Mexico, the United Arab Emirates, and South Africa.

Growth Drivers:

The growing need, for energy efficient solutions is driving the demand for cold plasma technology. Technological advancements have led to the creation of cold plasma solutions that cater to applications attracting consumers who are conscious about the environment. The increasing demand for invasive and efficient medical treatments as well as the necessity for ecofriendly solutions in industrial areas contribute to the growth of this market. There is growth potential in the adoption of cold plasma technology within the food and beverage industry. Cold plasma technology offers an effective solution for sterilizing food and beverages reducing reliance on chemical treatments. This shift towards eco solutions aligns with the growing emphasis on sustainability and environmental regulations. The demand for cold plasma technology is also driven by the expanding electronics and semiconductor industry in developing regions. This industry requires surface treatment etching and coating processes thus boosting sales of cold plasma technology. Investments in research and development within the cold plasma sector are expanding its market by making it more efficient, effective and affordable. As a result, we can expect a range of applications for cold plasma technology including treatments, food processing, beverage production, as well, as industrial use.

Challenges:

high cost of equipment and installation and lack of awareness of cold plasma technology are hindering the growth of market. In developing regions, this factor has resulted in limited demand for product. Moreover, the regulatory challenges are also restricting the growth of market.

Key Companies:

The cold plasma market is poised by several main corporations, each making big contributions to the industry through their sturdy market presence and progressive product offerings. Among these principal players are Apyx Medical Corporation, Nordson Corporation, Adtec Plasma Technology Co., Ltd., P2i Ltd., Relyon Plasma GmbH, Henniker Plasma Ltd., Enercon Industries, Inc., AcXys Plasma Technologies, Plasmatreat GmbH, Tantec A/S, Europlasma Group, Thierry Corporation, Surfx Technologies, LLC. And other players. These essential players constantly try and revamp their marketplace percentage and meet the desires of a diverse investor base. Their competitive techniques encompass product innovation, forging strategic partnerships, undertaking mergers and acquisitions, and increasing their distribution networks.

In January 2023: Apyx Medical Corporation announced the launch of its new cold plasma system for the sterilization of medical devices.

In February 2023: Nordson Corporation acquired Adtec Plasma Technology Co., Ltd., a leading provider of cold plasma systems for industrial applications.