According to a new report published by KD Market Insights, titled, “Cold Plasma Market Insights, Trends, Opportunity & Forecast, 2023–2032,” the global cold plasma market size is anticipated to witness moderate growth during the forecast period i.e., 2023-2032. The rising need, for energy efficient solutions the increasing use of cold plasma technology the expanding electronics and semiconductor industry and the growing investment in research and development, within the cold plasma sector which are the major factors augmenting the growth of the global cold plasma market. The global cold plasma market is anticipated to grow at a high CAGR of 12.3% from 2023 to 2032. The market's revenue surged to $2.2 billion in 2022, and it is expected to further accelerate, reaching a notable $7.0 billion by 2032.

Technological advancements have led to the creation of cold plasma solutions that cater to applications attracting consumers who are conscious about the environment, are further expected to create ample growth opportunities for the global cold plasma market during the forecast period i.e., 2023-2032. Moreover, the increasing demand for invasive and efficient medical treatments as well as the necessity for ecofriendly solutions in industrial areas, has propelled market expansion. The expanding electronics and semiconductor industry in developing regions, is expected to contribute towards the market growth during the period.

The North America region accounted for the largest share in the global cold plasma market in 2022. The region is further projected to continue dominating in the market during the forecast period. This can be attributed to the emphasis on technological advancements in the healthcare industry and the growing demand for eco-friendly solutions.

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According to regime, the low-pressure cold plasma segment accounted for the largest market share in the cold plasma market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.

The global cold plasma market is segmented into regime, application, end-user industry and region. Based on regime, the market is bifurcated into atmospheric cold plasma and low-pressure cold plasma. Based on application, it is classified into surface treatment, coating, etching, sterilization, decontamination, wound healing diseases treatment, and others. Based on end-user industry, it is classified into medical, textile, polymer & plastics, electronics & semiconductor, food & beverages, others.

The global cold plasma market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Cold Plasma Market

  • On the basis of regime, the low-pressure cold plasma segment accounted for the largest market share in the cold plasma market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
  • On the basis of region, North America accounted for the largest share in the global cold plasma market in 2022. The region is further projected to continue dominating in the market during the forecast period.
  • On the basis of region, Europe is estimated to account for the second largest share in the market during the forecast period.

Some of the major cold plasma companies profiled in the report include Apyx Medical Corporation, Nordson Corporation, Adtec Plasma Technology Co., Ltd., P2i Ltd., Relyon Plasma GmbH, Henniker Plasma Ltd., Enercon Industries, Inc., AcXys Plasma Technologies, Plasmatreat GmbH, Tantec A/S, Europlasma Group, Thierry Corporation, Surfx Technologies, LLC.

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