Market Synopsis
Cold plasma processing is an attractive technology for mild surface decontamination of foods and packaging materials. It also can help eliminate Hospital-Acquired Infections (HAIs) as it demonstrates antimicrobial, antiviral, antifungal properties. The global Cold Plasma Technology industry is experiencing a seismic shift. In terms of value, a recent report from Global Market Monitor forecasts the global Cold Plasma Technology market is projected to grow from USD xxxx million in 2019 to USD xxxx million by 2026, registering a CAGR of xxxx% during this period.
The global Cold Plasma Technology market is mainly driven by growing applications by different industry verticals, covering aerospace, automotive, electronics & semiconductor, and others. Positive market dynamics in downstream fields are likely to drive the market growth. As an effective solution for minimizing food decontamination and spoilage to ensure food safety and sustainability, making the technology a preferable option by end-users in food and agriculture sectors, which in turn, can supplement the market growth.
Due to Cold Plasma Technology tends to be widely applied in the medical sector, the demand for such technology solutions is increasing at an expeditious rate. Additionally, the lacking sanitation and precaution are giving rise to increasing prevalence of HAI, this is predicted to fuel the treatment demand during the next six years.
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Cold Plasma Technology Market: Type Outlook
l Low-Pressure
l Atmospheric Pressure
Cold Plasma Technology Market: Application Outlook
l Textile Industry
l Polymer and Plastic Industry
l Electronics and Semiconductor Industry
l Food and Agriculture Industry
Cold Plasma Technology Market: Region Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
Highlight: Key Trends of the Global Cold Plasma Technology Market
North America – The Largest Regional Market
Backed up by a large number presence of key players and the availability of various FDA-approved products, North America dominates the largest share among global areas. Moreover, the fast adoption of technologically advanced products in the regional healthcare industry, as well as the high-end technological advantage are also important factors to market growth.
Asia-Pacific – The Fastest Growing Regional Market
APEC region has the highest potential for proliferation of Cold Plasma Technology owing to the increasing penetration of sophisticated treatment procedures, the growing disposable income, and target population base. The rapid expanding medical tourism industry as a result of the better healthcare at lower prices, this may drive the regional market to develop at the fastest rate.
Industrial Application – The Fastest Growing End-Users Market
Since Cold Plasma Technology is gaining attention by mass end-users from industrial sectors, which has led increasing application in the process like printing, adhesion, coating, and others. Likewise, Benefits such as the improved wettability, less chemical & water consumption are posing boundless opportunities for application in Polymer and Plastic Industry, aiding the growth of Cold Plasma Technology market as well.
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Leading Company for Driving Industry development
The global Cold Plasma Technology market growth is also reliant on the development of active players in the industry, which are Linde AG, Nordson Corporation, ADTEC Plasma Technology Co., Ltd, Bovie Medical Corporation, Europlasma NV, Tantec A/S, Henniker Plasma, Vetaphone A/S, Plasmatreat GmbH, Neoplas Tools GmbH, and etc.
Key Stakeholders
• Global Cold Plasma Manufacturers
• Cold Plasma Technology Hardware Equipment Providers
• Cold Plasma Technology Processing Service Company
• Downstream Field and End-users
• Cold Plasma Technology industry associations and research organizations
• Product managers, Cold Plasma Technology industry administrator, C-level executives of the industries
• Market Research and consulting firms
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Years considered for the study
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
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