Cold Plasma Market to Expand at 15% CAGR through 2031 | SkyQuest Technology

November 13 23:50 2024
Cold Plasma Market to Expand at 15% CAGR through 2031 | SkyQuest Technology
Cold Plasma Market
The global cold plasma market, valued at USD 2.1 billion in 2023, is set to reach USD 6.4 billion by 2031, growing at a CAGR of 15%. This growth is driven by applications across industries like polymers and plastics (surface treatment, printing, adhesion). Key market segments include atmospheric and low-pressure cold plasma technologies.

Global Cold Plasma Market will reach a value of USD 6.4 Billion by 2031, with a CAGR of 15% during the forecast period (2024-2031). The global cold plasma market has gained increasing interest and appreciation in recent times as its applications have expanded across industries. This growing demand for environmentally friendly and sustainable solutions is a major driver of the global market. Cold plasma technology offers a clean, environmentally friendly process compared to the conventional process based on chemicals, so it becomes very attractive to the industries interested in reducing their environmental footprint. Researchers and manufacturers are constantly improving the performance and efficiency of cold plasma devices. 

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Cold Plasma Across Industries Unveiling the Competitive Dynamics in Key Business Verticals 

The cold plasma market encompasses the multiple business levels, each adopting these technologies to address the specific challenges and meet evolving demands. The main verticals are healthcare, food processing, electronics, textiles and environmental services. In healthcare, cold blood is driving advances in wound healing, sterilization and cancer treatment. Food companies are using pure plasma to purify and extend shelf life, while the electronics industry benefits from improved surface modification and adhesion.     Companies emphasize innovation to develop cost-effective, sustainable solutions, to meet the specific needs of industries such as healthcare, food safety, textiles etc. For example, Plasmatreat GmbH is understood for its expertise in cold plasma technology for surface treatments, even as medical food and Adtec Plasma Technology has established a strong presence in purification solutions. The competitive landscape in these verticals reflects high levels of innovation, with firms competing based on technological developments, patent portfolios, and industry-specific solutions. The cold plasma market is driven by the fierce competition driven by the continuous technological advancements and increasing number of applications across industries.      Strategic partnerships have become increasingly unusual, as organizations search for growth in their marketplace proportions. For example, Nordson Corporation is partnering with universities and research institutes to advance cold plasma technology in the medical field. Meanwhile, key players are also expanding geographically, creating growing markets in Asia-Pacific and Latin America, where cold plasma applications are growing due to increasing technologies and riding solutions because of the permanent requirement. 

In January 2024, Edtech Healthcare moved to Taiwan to deliver its Steriplas expansion project focused on enhancing the cold plasma technology for sterilization applications. The expansion reflects the company’s commitment to improving healthcare standards through advanced sterilization processes and industrial partnerships.     In September 2023, IIT Jodhpur researchers developed Novel Cold-Plasma Detergent in Environment (CODE), designed to improve the indoor air quality by removing more than 99.99% of harmful bacteria. 

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This report covers the following segments:   

Industry 

Polymer & Plastic Industry 

Textile Industry 

Electronics & Semiconductors Industry 

Food & Agriculture Industry 

Medical Industry 

Regime 

Atmospheric Cold Plasma 

Low-Pressure Cold Plasma 

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The report covers the following players: 

Nordson Corporation

Adtec Plasma Technology Co., Ltd.

Plasmatreat GmbH

Apyx Medical

P2i Limited

Relyon Plasma GmbH Corporation

Henniker Plasma

Enercon Industries Corporation

ACXYS Plasma Technologies

Tantec A/S

Europlasma N.V.

Thierry Corporation

Surfx Technologies, LLC

Softal Corona & Plasma GmbH

Coating Plasma Innovation

Ferrarini & Benelli SRL

Neoplas GmbH

Terraplasma GmbH

Molecular Plasma Group

Cinogy Technologies GmbH

US Medical Innovations

Cold Plasma Pioneering Sustainable Innovation Across Industries 

The cold plasma market is poised for sizable increase inside the coming years, fueled through its numerous packages across industries including healthcare, food, textiles, and electronics. As the industries keep prioritizing sustainability and performance, cold plasma technology will possibly play an instrumental characteristic in shaping the future improvements, driving both short-term and long-term market growth. 

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