Plasma Surface Treatment Machine Market Growth Expected to Touch UЅD $744.4 Мn by 2030
Plasma treatment is a surface modification technique that readily primes any surface for better acceptance of secondary manufacturing applications. Plasma is a reactive treatment process where positive and negative ions, electrons, and radicals react and collide as long as an electric potential difference exists.
The Global Plasma Surface Treatment Machine Market was valued at UЅD $503.7 Мn in 2020, and is projected to achieve a valuation of UЅD $744.4 Мn by 2030, at a САGR of 4.9%. The 5-year (2020–2025) cumulative revenue of this market is projected to be over $618.4 Mn, and is estimated to increase moderately over the latter part of the forecast period.
The steady increase in the adoption of plasma surface treatment machines across a wide host of end-use industries, before an end-use material can be further used for coating, printing, or adhesion purposes is a major factor that is anticipated to continue to fuel the revenue growth of the Global Plasma Surface Treatment Machine Market in the foreseeable future. In addition to this, a primary reason why these treatment machines are increasingly being used is they enable a higher-quality end product to be manufactured. The high costs associated with the installation and maintenance of these machines are relatively steep, thereby potentially deterring several small-medium businesses from establishing themselves in this given market. However, increasing investments being made by key industry players towards the development of innovative machines as well as numerous other advancements such as plasma nano-coating technology, etc., is expected to have a significant impact on the Global Plasma Surface Treatment Machine Market in the years to come. Furthermore, the gradual increase in the number of industries incorporating eco-friendlier material treatment solutions is also slated to have a profound influence on this global market’s footprint.
However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global plasma surface treatment machine market is no different, and this factor is anticipated to have a significantly negative impact on the revenue growth of this industry. Moreover, the high initial installation and maintenance costs associated with these machines is also a factor that may deter small-to-medium-sized players, thereby potentially restraining the revenue growth of the global plasma surface treatment machine market over the forecast period.
Nonetheless, the increased focus of key market players towards R&D activities to develop innovative surface treatment machines, as well as the introduction of various advancements such as plasma nano-coating technologies, etc., are some of the other factor that are expected to further augment the revenue growth of the global plasma surface treatment machine market in the foreseeable future.
Segmentation of the Global Plasma Surface Treatment Machine Market is as follows:
In terms of technology type, the atmospheric plasma solutions segment accounted for the maximum number of revenue shares of the global plasma surface treatment machine market in 2020, and is expected to continue doing so over the forecast period. The vacuum plasma solutions segment is also anticipated to index a high CAGR over the next 10 years.
On the basis of industry vertical, the automotive segment accounted for the maximum number of revenue shares of the global plasma surface treatment machine market in 2020, and this segment is slated to continue to do so over the next 10 years. The electronics & electricals segment is also expected to register a high CAGR over the forecast period.
Key Players: Nordson Corp, bdtronic GmbH, Diener Electronic GmbH + Co. KG, Plasmatreat GmbH, Plasma Etch Inc., AcXys Technologies, AETP (Kompass), Arcotec GmbH, Tantec A/S, Plasmalex SAS (Europlasma)
Regional Segmentation and Analysis:
Markets in the Asia Pacific region accounted for the maximum number of revenue shares of the global plasma surface treatment machine market in 2020, and are indicative of remaining this industry’s front-runner over the next decade. Europe is also anticipated to register a high CAGR over the course of the forecast period.
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