The Global Cold Plasma Market was worth USD 1.38 billion in 2016 and is estimated to grow at a CAGR of 16.2%, to reach USD 2.92 billion by 2021. The cold plasma is a type of plasma in which non-thermal equilibrium does not exist between energies of gas molecules and the electrons. It is because of the low frequency of collisions between them. The gas molecules will be around room temperature whereas electrons are at having high temperature due to high-energy.
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Cold Plasma technology is applied in several fields such as semiconductors, medical and food and agriculture. It is also used in textile industry to remove surface hairiness of woolen fabrics and to provide shrink resistance in cotton fabrics.
In food industry, this technology is used to decontaminate food products without changing the physiochemical properties of them. Furthermore, it is also used in treatment of lung and breast cancer and also to sterilize biomedical surfaces.
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Constant technological advances, highly effective antimicrobial properties of this technology and increasing applications of cold plasma in various food and medical industries are expected to drive the market. The growing need for eco-friendly products and usage of cold plasma technology in life sciences such as treatment of biological tissues are also driving the market growth.
Requirement of huge initial investments to buy the equipment and difficulty in predicting structural characteristics of its treatment fragments are inhibiting the market growth.
The global cold plasma market is categorized on the basis of industry, applications, regime and region. On the basis of industry, the market is segmented into food and agriculture, medical, textiles, electronic and semiconductors and polymer industries.
Electronic and semiconductors industry is expected to hold the largest market share due to the increasing adoption of cold plasma technology in this industry. However, food industry is the fastest growing segment due to the increasing stringent safety standards in packaging and processing of food products.
On the basis of applications, the market is categorized into decontamination, adhesion, finishing, sterilization, coating, cleaning and activation, printing and wound healing. Cleaning and application is expected to be the largest segment due to high acceptance in electronics and polymer industries.
Decontamination segment is expected to be the fastest growing segment due to its application in food industry. On the basis of regime, the market is categorized into low pressure regime and atmospheric pressure regime.
Both the segments have significant growing rates in their respective usage industries.
Based on region, the cold plasma market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Europe holds the largest market share due to high research and development activities and the presence of some of the major suppliers of cold plasma in this region.
Asia Pacific is expected to be the fastest growing market due to the increasing textile manufacturing and demand for frozen foods in this region.
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Some of the major players in this market are Enercon Industries Corporation, Henniker Plasma, ADTEC Plasma Technology Co. Ltd., Europlasma NV, Neoplas Tools GmbH, P2i Limited, Nordson Corporation, Plasmatreat GmbH, Vetaphone A/S and Tantec A/S.
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