26th March 2020 – Cold
Plasma Market research report interprets definition, an investigation
of significant progress in the market. It provides overall industry survey,
product description, wide array of applications, top players, and development
forecast. It enhances understanding about that market along with new business
trends.
The global Cold Plasma Market was
appreciated at US$ 55.84 million during 2017 and is expected to touch US$
198.50 million by 2026. It is estimated
to witness a CAGR of 15.2% during the period of forecast. This could be
credited to application in packaging, electronics & electrical, medical,
food, and textile industry. The factor catalyzing the market is the need to
decontaminate several food products like meat, fruits, and vegetables. In other
words, cold plasma has the ability of killing microorganisms; that too, without
deterring food items’ physiochemical properties.
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The other vertical driving the cold
plasma market is “textile industry”. This product is used to remove surface
hairiness, desize cotton fabrics, and provide resistance against shrinkage to
woollen fabrics. The other advantage provided by cold plasma is that it uses
less water; thereby cutting down on cost of water treatment. On the other hand,
research is “ON” regarding its usage in treating bladder, breast, skin, and lung
cancer. The anti-bacterial properties help in treating biological tissues and
sterilizing biomedical surfaces.
However, the cold plasma industry is
likely to face restraint in the form of big capital. As such, small players
need to think at least twice before going for cold plasma. On the whole, the
market is segmented by regime, application, and geography. By regime, the
market spans low pressure and atmospheric pressure. By application, the
segmentation goes like surface treatment, wound healing, adhesion, cleaning
& activation, coating, sterilization, and contamination.
By geography, the cold plasma market
comprises North America, Europe, Asia Pacific, LATAM, and MEA. Europe holds the
largest market share due to major regional and global biotechnology companies
being present herein. Manufacturers are into expansion of their manufacturing
capacities for catering to the requirements of several industries. North
America comes second due to special heed being paid to healthcare. Asia Pacific
is expected to grow at the quickest pace due to presence of major textile
players. Besides, Japan and China are a hub of electrical and electronics
industry. This factor also bolsters the market.
The players contributing to the
cold plasma market include Europlasma, ADTEC Technology, Bovie Medical
Corporation, Henniker Plasma, Tantec, Enercon Industries, Nordson Corporation,
Plasmatreat, and Wacker Chemie. Organic growth is being emphasized on. For
instance – 510K clearance has been acquired by Bovie Medical Corporation for
J-Plasma flex hand piece to cater to surgery.
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