The market is expected to generate an incremental $ opportunity of US$ 90.95 Mn between 2022 and 2030
Category: Chemicals & Materials Published Date : July 2022 ID: CVC-00167 Format: PDF Pages: 284
Plasma Surface Preparation Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Plasma Surface Preparation Market was worth US$ 382.9 Mn and is expected to grow at a CAGR of 2.7% over the forecast period. The market is expected to hit US$ 473.8 Mn by 2030 end.
Plasma surface preparation eliminates surface impurities on the surface of most industrial materials, such as residual organic solvents, epoxy residue, oxidation, and mold release chemicals, to enhance adhesion and facilitate fluid flow.
Plasma surface activation replaces functional groups or atoms by plasma, a combination of ionized gases such as argon, oxygen, and hydrogen that contains free radicals and other neutral species.
Plasma processing is widely utilized in microelectronic and optoelectronic device assembly, printed circuit board fabrication, and medical device manufacture.
THE GROWTH IN THE PRODUCTION ACTIVITIES IN AUTOMOTIVE AND OTHER MANUFACTURING INDUSTRIES
The key reasons driving the growth of the worldwide plasma surface preparation market are increased production activities in the automotive, electrical, telecommunications, and medical device manufacturing industries. Furthermore, stringent regulations and the global application of good manufacturing standards are driving plasma surface preparation equipment usage.
Another major factor expected to boost the revenue growth of the global plasma surface preparation market soon is the increasing adoption and use of eco-friendly material treatment solutions instead of hazardous primers, etc., among many industries.
HIGH MAINTENANCE COSTS AND STORAGE ISSUES
The high maintenance costs of the systems impede the market’s extensive adoption of plasma surface preparation systems. Additional care should be taken if storage is required to prevent assembly contamination.
PLASMA NANO-COATING THE FUTURE OF THE PLASMA SURFACE PREPARATION MARKET
Other factors expected to boost the revenue growth of the global plasma surface preparation market shortly include the increased focus of key market players on R&D activities to develop innovative surface treatment machines, as well as the introduction of various advancements such as plasma nano-coating technologies.
Due to the COVID-19 outbreak, various industries’ activities have either been temporarily suspended or are operating with a reduced staff due to enforced lockdowns and imposed limits by different regulating bodies. The worldwide plasma surface preparation market is no exception, and this aspect is expected to have a substantial negative influence on the industry’s revenue growth.
Why is atmospheric Plasma Surface Preparation projected to have the highest CAGR?
In 2022, the atmospheric plasma solutions category accounted for the most revenue shares in the worldwide plasma surface preparation market, likely to continue throughout the forecast period.
Why is the automotive segment expected to expand the fastest during the forecast period?
In 2022, the automotive category accounted for the most revenue shares worldwide in plasma surface preparation. This segment will continue dominating the market over the coming ten years.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Some of the key developments that have taken place in the Plasma Surface Preparation Market include:
A list of some of the key suppliers present in the market are:
Market Segments Covered in Report
By Region and Country:
Global Plasma Surface Preparation Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, End-User, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|