Cold Plasma Market to exhibit market growth at a CAGR of 14.42% through 2023-2027

The Cold Plasma Market is expected to grow at a 14.42% compound annual growth rate (CAGR) of 1.79 billion USD between 2022 and 2027 as per cold plasma market analysis by Technavio.  Market growth is primarily being driven by rising demand for sustainable and eco-friendly technology as businesses in the food, healthcare, and textile sectors are searching for substitutes for conventional chemical-based procedures.

AcXys Technologies, Adtec RF, Advanced Plasma Solutions, Apyx Medical Corp., CINOGY System GmbH, Coating Plasma Innovation, Enercon Industries Corp., Europlasma NV, Ferrarini and Benelli Srl, Henniker Scientific Ltd., MPG SA, are some of the major market participants worth mentioning that are contributing significantly to this market advancement.

Snapshot of Cold Plasma Market Segmentation

Cold Plasma Market Segmentation 

• Cold plasma market segmented by end-user, comprising polymer and plastics, electronics and semiconductors, food and agriculture, textiles, and medical products. It also divides the market according to kind, covering low-pressure and atmospheric cold plasma. Geography segmentation is another feature of the research, which covers the Rest of the World (ROW), Europe, Asia, and North America.
• When it comes to the fastest-growing segment, the market is led by the polymer and plastic industry segment, as per historical data the segment was valued at USD 414.22 million in 2017 
• Speaking of geographic segmentation and growth 35% of the growth of the global market during the forecast period will originate from  North America, as it is employed in a number of industries, including electronics, healthcare, textiles, and others.

Technavio's study includes comprehensive insights into the many development factors and barriers that may impede market advancement. Learn more about the market dynamics and the aspects that our report's in-depth analysis predicts will have the biggest impact on the market under review.