PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1649521
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1649521
The global cold plasma market is expected to grow at a CAGR of 13.15% over the forecast period to reach a total market size of US$7.020 billion by 2030, increasing from US$3.785 billion in 2025.
In recent years, cold plasma technology has gained significant traction in the material processing sector, finding applications in the manufacturing of semiconductors, specialty glasses, magnetic media, and metal coatings. The market is expected to grow during the forecast period due to innovations in textile production techniques and increased investment in research and development. However, the high capital investment required for implementing this technology may hinder market growth opportunities.
India's textile industry plays a crucial role in the global market, holding about 4.5% of the textile and apparel trade. The sector's diversity in fabric types and craftsmanship presents numerous opportunities for exports to over 100 countries. Common plasma techniques employed for treating textile substrates include Glow Discharge, Atmospheric Pressure Plasma, and Dielectric-Barrier Discharge (DBD). The expanding textile industry in developing nations like India and China, supported by favorable government initiatives, is anticipated to further drive market growth. For example, the Clothing Manufacturers Association of India (CMAI) recently signed a memorandum of understanding with the China Chamber of Commerce for Import and Export of Textiles (CCCT) to enhance export opportunities from India.Geographical Insights:
The global cold plasma market is divided into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America and Europe are expected to hold significant market shares due to their status as early adopters of technology and innovation, leading to substantial revenue generation.Conversely, the Asia-Pacific region is projected to experience robust growth prospects driven by advancements in the electronics and semiconductor industries. Rising household expenditures are increasing demand for consumer goods, prompting market players to invest in this region to meet the growing consumer base. Additionally, Asia is home to major manufacturing hubs like China and Japan; China is recognized as one of the largest manufacturing centers globally while Japan is noted for its advanced economy and is the third-largest pharmaceuticals market. The growing elderly population along with increased investments in the pharmaceutical sector are also expected to enhance market growth opportunities for manufacturers and vendors during the forecast period.
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