What This Report Will Provide?
This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
Expected Revenue Growth:
The global cold plasma market size is projected to reach USD 3.4 billion by 2025 from USD 1.6 billion in 2020, at a CAGR of 16.0%.
Major Growth Boosters:
In the current regulatory climate-where the focus on sustainable techniques has risen—it is expected that the benefits of cold plasma will ensure its greater adoption in the years to come. Innovations in textile production and growing food safety concerns are the major factors driving the growth of this market.
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Covid-19 Impact on the Cold Plasma Market
The cold plasma market is expected to be significantly impacted by the Covid-19 pandemic in 2020-2021. However, there could be possible disruptions in the industries such as textile, electronics & semiconductors, polymer & plastic, food & agriculture, and medical during the period of lockdown and movement restrictions imposed globally to control the virus spread and flatten the curve. Social distancing protocols and quarantine measures have reduced the demand for textiles, apparels, semiconductors & electronic appliances, large scale farming practices, and the non essential services has been put off till the post lockdown period .
Recent Developments
- In April 2020, Relyon plasma GmbH launched atmospheric plasma system, piezobrush PZ3.
- In February 2020, Hennikar plasma signed a partnership with Irida (Spain), this helped the company to strengthens its geographic presence in spain.
- In March 2019, Nordson Corporation launched FlexTRAK-SHS automated plasma treatment system. The FlexTRAK-SHS system’s advanced automation enables simultaneous strip buffering and plasma processing for higher chamber utilization
- In February 2019, P2i launched Dunkable, a system-level waterproofing solution that enables a smartphone to operate normally despite being fully submerged for long periods, and the outer case breached.
- In Novemebre 2019, Europlasma launched, a nanocoating product Plasmaguard.
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The wound healing segment is projected to grow at the highest CAGR during the forecast period
Within the medical industry, the cold plasma market is segmented into wound healing, dentistry, oncology, blood coagulation, and other applications. The wound healing segment is projected to grow at the highest growth rate during the forecast period, driven by the advantages of cold plasma treatment, along with the minimal side-effects, thus making it more viable over conventional methods.
The APAC cold plasma market is expected to grow at the highest CAGR during the forecast period
The cold plasma market in the APAC is expected to grow at the highest CAGR during the forecast period. The Asia Pacific region witnessed the highest growth, which is driven by the continuous shift of electronic manufacturing to Asian countries, increasing demand for decontaminated frozen food, growing manufacturing facilities of textiles, and the rising production of polymers.
