Cold Plasma Market Size, Share, Demand & Trends Analysis Forecast 2022-2028

Industry Insights

[201+ Pages Report] According to Facts and Factors, the global cold plasma market was worth USD 1.8 billion in 2021 and is expected to grow to USD 3.5 billion by 2028, growing at a 16.2% CAGR between 2022 and 2028. The global cold plasma market report provides a comprehensive analysis of the market. The report provides a thorough examination of key segments, market dynamics, drivers, limitations, the competitive landscape, and other aspects that are significant in the market.

Market Overview

Cold plasma is also known as non-equilibrium plasma because each constituent of the plasma is at a different temperature. There are several advantages to using cold plasma, including the ability to decontaminate the surface from grease, dirt, fluorine, and oils, which results in improved initial adhesion, long-term stability, and wetting. Cold plasma technology disinfects food packaging and other products by utilizing cold gases. It is increasingly being used in healthcare, bioengineering, and other industries. The advantages of cold plasma technology are critical to the increase in cold plasma market revenue as well as the food safety issues that will drive market growth.

COVID-19 Impact

The COVID-19 outbreak is expected to have a significant impact on the global cold plasma market in 2022–2028. However, disruptions in industries such as textiles, electronics & semiconductors, food & agriculture, polymers & plastics, and medicine occurred during the global lockdown and movement constraints were put in place to control virus spread and flatten the curve. Until the post-lockdown period, social distancing guidelines and quarantine measures have slowed growth in clothing, textiles, semiconductors & electronic appliances, non-essential services, and large-scale farming practices.

Growth Drivers

• Diverse applications of cold plasma to drive the market growth

Cold plasma technology has numerous applications in a variety of industries. This method has many advantages, including low energy & water consumption, reduced flammability, low chemical consumption, minimal fiber damage, low cost, improved wettability, and worker friendliness. Furthermore, cold plasma technologies do not necessitate onsite storage of supply chemical compounds or vast quantities of processing water for implementation or post-treatment rinsing. Their advantages over currently used alternative solutions in application industries have fueled the acceptance of cold plasma techniques.

Restraints

• High capital investment to hamper market

Companies always evaluate the benefits of technology in relation to their investment and the time required to recover that cost, taking into account their budget. Cold plasma coating technologies are capital-intensive because the equipment used, such as vacuum equipment, is expensive and requires special operating parameters, such as cold temperatures and controlled vacuum conditions. These aspects are expected to stymie the market growth.

Opportunities

• Cold plasma has applications in infection prevention and PPE life extension

Because cold plasma kills extremely stable and multi-resistant microbes, it can be used to prevent nosocomial infections and infectious diseases. Protective sterile textiles and clothing were in short supply during the COVID-19 pandemic. The use of clothing can be extended by using cold plasma or ozone-generating plasma. It can also aid in the reduction of microorganisms during the hydrophilization process in the textile sector for PPE kits, gloves, and masks. Plasmatreat, a market leader in a cold plasma, has created a prototype cleaning station that offers solutions for disinfecting protective gear. This is likely to bring up growth opportunities for the global cold plasma market.

Challenges

• Cold plasma commercialization is limited

Only a few small nascent players are currently operating in the cold plasma market. As a result, commercialization of this technology has been limited in the last decade. Cold plasma's successful applications have been confined to a few industries. It is also difficult to obtain due to the low number of cold plasma-related production units worldwide. A lack of understanding about cold plasma has also hampered its widespread adoption. As a result, until these concerns are addressed, these factors limited commercial exploitation and low awareness will pose a significant challenge to market growth.

Segmentation Analysis

The global cold plasma market is segmented on the basis of industry, regime, and region.

By industry, the market is divided into the medical industry, textile industry, plastic & polymer industry, and others. The medical industry segment is expected to grow at the fastest rate during the projected period, owing to the benefits of cold plasma treatment, as well as its low side effects, continuing to make it more viable than conventional methods.

By regime, the market is divided into low-pressure cold plasma and atmospheric cold plasma. Low-pressure cold plasma is expected to account for the largest share of the market and to grow at the fastest rate during the projected period. This segment's large share and rapid growth are frequently attributed to minimal surface ablation and bactericidal activity.

Report Scope

Regional Landscape

Cold plasma technology is popular in North America and Europe. The impressive growth is being driven by the widespread presence of global cold plasma companies, which has made the technology more accessible. However, businesses in the global cold plasma market should find promising opportunities in the Asia Pacific and Latin America.

Rising economic and infrastructure activities in various emerging countries, such as India, Thailand, China, and Indonesia, are driving regional growth. Furthermore, significant technological advancements in the electronics and semiconductor industries are expected to drive regional market growth.

Recent Development

• February 2020: Henniker Plasma partnered with Irida (Spain), allowing the company to expand its geographic influence in the region.
• February 2021: Adtec announces the release of High-Power RF Coaxial Switch Boxes.

Competitive Landscape

Some of the global cold plasma market players are :

• Enercon Industries 
• Thierry Corporation 
• Apyx Medical Corporation 
• Plasmatreat 
• Surfx Technologies LLC 
• Relyon Plasma GmbH 
• Coating Plasma Innovation 
• Adtec Plasma Technology Co. Ltd 
• Tantec A/S 
• Henniker Plasma 
• SOFTAL Corona & Plasma 
• Nordson Corporation 
• Advanced Plasma Solutions 
• terraplasma GmbH 
• US Medical Innovations 
• Molecular Plasma Group 
• Ferrarini & Benelli 
• AcXys Plasma Technologies 
• PlasmaLeap Technologies 
• Neoplas GmbH 
• COMET Plasma Control Technologies 
• Europlasma 
• UNIQAIR Technologies 
• CINOGY GmbH

The global cold plasma market is segmented as follows; 

By Industry Segment Analysis

• Medical Industry
• Textile Industry
• Plastic & Polymer Industry

By Regime Segment Analysis

• Low-Pressure Cold Plasma
• Atmospheric Cold Plasma

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America