Stratview Research has published a new report on the Cold Plasma Market and bifurcated the market by Regime Type (Low-Pressure and Atmospheric Pressure), by Application Type (Cleaning Activation, Coating, Decontamination, Wound Healing, Adhesion, Finishing, Sterilization, and Others), by End-Use Industry Type (Electrical Electronic, Food, Medical, Textile, Polymer, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

According to the report, the Cold Plasma Market is projected to witness an impressive double-digit CAGR over the next five years to reach US$ 3,164.5 million in 2024. 

Following are some of the market drivers-

• Continuous innovations in cold plasma technology
• Rising demand for eco-friendly products
• Increasing use of cold plasma in the food packaging industry
• Introduction of stringent safety standards in various industries including food safety
• Growing needs for frozen food

What are the factors that drive the Cold Plasma Market?

The long-term market outlook still seems propitious with ample growth opportunities for industry stakeholders propelled by the market entry of new aircraft programs

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How does the report help?

The reports provided by Stratview Research are a comprehensive analysis of the market potential in various industry applications. The researchers and analysts study the market minutely and focus on the opportunity of the emerging economies of the globe so that companies can strategically make region-specific plans and gain a competitive edge.

KEY BENEFITS:

• This report helps the users in understanding the strategies adopted by various key players across the globe, for the growth of the Cold Plasma Market.
• The report studies the market conditions across all geographic regions and the data compiled here in the report are comprehensively analyzed.
• The drivers and restraints of this market are systematically analyzed so that the user could make use of every particular driver/opportunity related to the market.
• The report highlights the value chain analysis that offers key insights to the stakeholders of this market.

Segment-Wise Market Analysis

The market is segmented based on the end-use industry type as electrical electronics, polymers plastics, medical, textiles, food, and others. The electrical electronics industry is forecasted to remain the largest segment of the market over the next five years, driven by an increasing preference for cold plasma in semiconductors. The food industry is projected to witness the highest growth in the same period, driven by increased safety standards with a higher demand for non-hazardous plasmas.

The market is also segmented based on the application type as coating, cleaning activation, finishing, wound healing, adhesion, decontamination, sterilization, and others. The cleaning activation segment is projected to remain the largest application of cold plasma during the forecast period, propelled by increasing penetration in the electrical electronic and polymer plastics industries. The coating also occupied a healthy share of the market in 2018, driven by North America and Asia-Pacific regions. Decontamination currently holds a diminutive share of the market but is expected to witness the highest growth during the forecast period, driven by the food industry.

The market is also segmented based on the regime type as low-pressure and atmospheric-pressure plasma. Both low- and atmospheric-pressure cold plasmas are projected to grow at impressive rates over the next five years. Low-pressure cold plasma is mainly used in the manufacturing of semiconductors, whereas atmospheric cold plasma is used in a wide variety of applications from the textile to the medical industry.

In terms of region, Europe is projected to remain the largest market during the forecast period, driven by the presence of several cold plasma suppliers and high research development activities in the major European markets, such as Germany, France, and the UK. Asia-Pacific, which is currently the third-largest market after Europe and North America, is projected to witness the highest growth in the same period. China, India, Japan, and South Korea will act as the growth engines of the Asia-Pacific market, driven by a continuous shift of electronic manufacturing to the Asian countries, an increasing demand for decontaminated frozen food, growing manufacturing facilities of textiles, and increasing production of polymers.

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