(PharmaNewsWire.Com, January 22, 2018 ) Cold plasma market over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities in the market.
The global cold plasma market was valued at US$ 1,286.4 million in 2016 and is projected to witness an impressive double digit CAGR (Compound annual growth rate) of 12.2% over the next five years to reach US$ 2,536.4 million in 2022. Continuous innovations in cold plasma technology, rising demand for eco-friendly products, increasing use of cold plasma in food packaging industry, introduction of stringent safety standards in various industries including food safety, and growing needs for frozen food are some of the growth drivers of the cold plasma market.
Global cold plasma market is segmented based on end-use industry type as electrical & electronics, polymers & plastics, medical, textiles, food, and others. Electrical & electronic industry is forecasted to remain the largest segment of cold plasma over the next five years, driven by increasing preference of cold plasma in the semiconductors. The food industry is projected to witness the highest growth during the same period, driven by increased safety standards with higher demand for non-hazardous plasmas.
Global cold plasma market is segmented based on application type as coating, cleaning & activation, finishing, wound healing, adhesion, decontamination, sterilization, and others. Cleaning & activation is projected to remain the largest application of cold plasma during the forecast period, propelled by an increasing penetration in the electrical & electronic and polymer & plastics industries. The coating segment also occupied a good share in the global cold plasma market in 2016, driven by North America and Asia-Pacific regions. Decontamination currently holds a diminutive share in the global cold plasma market but is expected to witness the highest growth during the forecast period, driven by the food industry.
Global cold plasma market is segmented based on regime type as low pressure and atmospheric pressure. 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 textile to the medical industry.
Europe is projected to remain the largest market for cold plasma 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 the Europe and North America, is projected to witness the highest growth during the same period. China, India, Japan, and South Korea will act as the growth engines of the Asia-Pacific's cold plasma market, driven by the continuous shift of electronic manufacturing to Asia countries, increasing demand for decontaminated frozen food, growing manufacturing facilities of textiles, and increasing production of polymers.
Global cold plasma market is highly fragmented with the presence of few global players and several small regional players. Most of the small players have capabilities limited to few applications in a few end-use industries. ADTEC Plasma Technology Co. Ltd., Enercon Industries Corporation, Europlasma NV, Henniker Plasma, Neoplas Tools GmbH, Nordson Corporation, P2i Limited, Plasmatreat GmbH, Tantec A/S, and Vetaphone A/S are major players in the global cold plasma market. Development of new applications, innovations in new technology, and collaboration with customers are some of the key strategies adopted by major companies to gain a competitive edge over the others.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis
Market Trend and Forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, Product portfolio, Product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
The global Cold Plasma market is segmented into the following categories:
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