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[Latest] Global Cold Plasma Market Size/Share Worth USD 8.93 Billion by 2032 at a 14.84% CAGR: Facts & Factors
According to the report published by Facts & Factors, the global Cold Plasma Market size was worth around USD 2.57 billion in 2023 and is predicted to grow around USD 8.93 billion by 2032 with a compound annual growth rate (CAGR) of roughly 14.84% between 2024 and 2032. The report analyzes the global Cold Plasma Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Cold Plasma Market.
Market Synopsis:
Non-thermal plasma, sometimes referred to as cold plasma, is a state of matter in which the gas is partially ionized, or in which portion of the atoms or molecules are changed into ions and electrons, but the temperature is still low overall. In contrast, thermal plasmas have extremely high temperatures and an entirely ionized gas.
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Because of its special characteristics, cold plasma can interact with other materials without significantly heating up or causing thermal harm. Because of this, it can be applied to a wide range of situations, especially those where conventional thermal methods are impractical. For instance, because cold plasma kills bacteria and other pathogens without harming human flesh, it is utilized in medicine to treat skin diseases and sterilize surgical instruments. Cold plasma is utilized in several sectors for material coating, cleaning, and surface modification. Its utility in delicate and precise tasks is increased by its capacity to function at lower temperatures.
Some of the main competitors dominating the global cold plasma market include;
Relyon Plasma GmbH
Ferrarini & Benelli
Terraplasma GmbH
Molecular Plasma Group
CINOGY GmbH
Advanced Plasma Solutions
UNIQAIR Technologies
PlasmaLeap Technologies
US Medical Innovations
COMET Plasma Control Technologies
AcXys Plasma Technologies
Adtec Plasma Technology Co., Ltd.
Apyx Medical
Coating Plasma Innovation
Enercon Industries
Europlasma N.V.
Henniker Plasma
Neoplas GmbH
Nordson Corporation
P2i Ltd.
Plasmatreat GmbH
Softal Corona & Plasma Gmbh
Surfx Technologies, LLC
Tantec A/S
Thierry Corporation
Key Points:
Throughout the course of the projection period, the cold plasma market has grown at a CAGR of 14.84%.
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The global cold plasma market is expected to generate approximately USD 8.93 billion in sales by 2032, up from an estimated USD 2.57 billion in 2023.
The amazing adaptability of cold plasma technology is driving its phenomenal rise. In healthcare, food processing, textiles, and other fields, cold plasma provides a secure and environmentally friendly substitute for conventional techniques.
According to the Application, the global market is expected to be dominated by the wound healing segment, which is expanding rapidly.
The healthcare industry is predicted to take the biggest market share based on End-Use Industry.
The atmospheric pressure segment is anticipated to lead the global market, contingent on the regime.
Over the course of the projection period, the Asia Pacific area is anticipated to experience the highest Compound Annual Growth Rate (CAGR).
Industry Growth Accelerators:
Healthcare Applications: Because of its efficiency and low heat damage, it is being used more and more in cancer therapy, wound healing, and sterilizing.
Advantages for the Environment: Cold plasma technology is thought to be environmentally benign because it uses less energy and generates fewer toxic byproducts than conventional techniques.
Innovation and Research: Increasing expenditures on R&D are producing better technologies and new uses that are broadening the market.
Key Restraints:
Expensive Equipment: Cold plasma equipment might be prohibitively expensive to set up and maintain initially, which discourages some users from using it.
Technical Complexity: Industries lacking access to technical skills may find it difficult to implement and operate cold plasma systems due to the specific knowledge required.
Current Events:
Medical Breakthrough: A phase 1 experiment using cold plasma therapy (Canady Helios) was successfully conducted by researchers at JCRI and USMI. After surgery, this method seems promising for getting rid of cancer cells, which could increase survival chances. (August 2023)
Plasma Powerhouse: Surface treatment innovations with plasma systems were shown by Plasmatreat GmbH. Their plasma procedures in the open air present novel opportunities for a range of sectors. June 2023
Relyon Plasma has revealed that their piezobrush PZ3-i cold plasma unit will soon receive an upgrade. Its functionality in manufacturing lines for jobs like pre-treatment before to printing, bonding, and laminating will be improved by this combination. (Aug. 20, 2023)
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Regional Overview:
Over the course of the forecast period, the Asia Pacific region is anticipated to lead the global market.
With a predicted CAGR of roughly 16.7%, the Asia Pacific area is a rapidly rising giant in the cold plasma industry. This area is a global leader in the production of semiconductors and electronics, with cold plasma being essential for surface treatment. Cold plasma is used by businesses all across Asia Pacific to guarantee the functionality and quality of these essential parts.
About Facts & Factors:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
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