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Cold Plasma Market to Showcase Continued Growth in the Medical Applications

Author : Ronak Bora | Published Date : 2019-05-17 

Global Market Insights, Inc. present the report on Cold Plasma Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2024.

As per applications, cold plasma market is segmented into coating, cleaning & activation, surface treatment, adhesion, decontamination, sterilization and wound healing. These applications are pertaining to various end use industries such as textile, medical, food, packaging and electrical & electronics. Cleaning & activation has major share with its utilization in polymer, plastics, electrical & electronics segment. Decontamination has significant share owing to its usage in packaged foods. Packaged food market is growing at a CAGR of around 4.5%, thus depicting positive outlook of cold plasma market. Wound healing segment has spurred due to faster healing, better sterilization and cost effectiveness. Further in it has wide application in medical segment and has transformed various specialities such as dermatology, cardiology, oncology and gastroenterology.

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North America, led by the U.S. has substantial share with application in medical healthcare segment. Additionally, its share has enlarged with increasing packaged food market.

Asia pacific has become a considerable region in cold plasma market owing to its use in textile industry. Textile industry has flourished at a CAGR above 7.5% in the region that has augmented its consumption. Further with booming electronics and electrical segment in countries such as China & Japan has spurred product usage.

Europe contributes significantly in global cold plasma market with presence of major global and regional biotechnology companies. Producers are expanding their production capacities to cater the needs of various industries.

Cold Plasma Market size shall witness a healthy growth in forecast period with application in textile, food, medical, electrical & electronics and packaging industry. Need for decontamination in various food products such as vegetables, fruits and meats are driving the product consumption. Its ability to kill microorganisms without altering physiochemical property of food items is increasing its popularity. The United States Department of Agriculture (USDA) has advised new treatment named as 'purple blow torches' that has ability to kill 99.9% of viruses. These factors are expected to propel cold plasma industry.

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The compound is used in textile industry for removal of surface hairiness, desizing cotton fabrics and to provide shrink resistance to woollen fabrics. Textile industry is growing at a CAGR of around 4% during last five years and is anticipated to increase product penetration. It is used for microbial free packaging of materials and is employed for meat and poultry packaging. The process utilizes less water that reduces waste water treatment cost. Undergoing medical research for its use in treatment of lung, bladder, skin and breast cancer has offered it wide opportunities. Usage in packaging, and medical applications is expected to further boost cold plasma market during the forecast period.

Major restraint of cold plasma market is requirement of huge capital. Further, its treatment fragments the complex molecular structure and prediction of exact structural characteristics becomes difficult. The initial investments are quite high due to expensive equipments and vacuum pumps that make it difficult for survival of small players.

Based on regime, cold plasma market is classified into atmospheric pressure and low pressure. Atmospheric has larger share owing to its application in various segments such as medical, food, textile and packaging industry. Low pressure type has moderate share with its use in semiconductors manufacturing. Semiconductor has shown healthy growth with its application in electrical and electronic industry that has enhanced product consumption.



About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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