According to a recent market study published by Growth Market Reports, titled, “Global Plasma Surface Treatment System Market” by Type, by Application, by Sales Channel, and by region: Size, Share, trends and opportunity Analysis, 2016-2031”, the market was valued at USD 427.7 Million in 2022 and is expected to grow at a growth rate of 3.6% by the year 2031.

As per Growth Market Reports industry analyst Divjot Singh, “Global Plasma Surface Treatment System Market” is anticipated to witness significant growth during the forecast period 2023-2031.

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The plasma surface treatment system market is influenced by several key dynamics. Firstly, increasing demand across industries such as electronics, automotive, and medical devices drive market growth. Secondly, the need for advanced surface treatment solutions to enhance bonding, adhesion, and coating processes fuels market expansion. Additionally, the growing emphasis on environmentally friendly manufacturing techniques boosts the adoption of plasma surface treatment systems.

Technological advancements, including the integration of plasma systems with automation and data analytics, further propel market dynamics. Moreover, emerging markets and the continuous research and development efforts in plasma technology present new opportunities for market players. Overall, these dynamics contribute to the growth and evolution of the plasma surface treatment system market.

The supply chain is a system between a company and its suppliers to manufacture and distribute particular products to the final buyers. This system includes different activities, information, entities, people, and resources. Entities involved in the Plasma Surface Treatment System supply chain include manufacturers, suppliers/distributors, and end-users. Raw materials used for manufacturing Plasma Surface Treatment System are shipped to manufacturers to be processed into final products.

These products are procured from raw material suppliers and stored at raw material warehouses or directly at manufacturing sites. Raw materials are inspected to ensure their quality.

The primary as well as secondary research methodology is used for keen observation and study of the Global Plasma Surface Treatment System Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews were conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

COVID-19 has negatively impacted the market due to the decrease in demand of Plasma Surface Treatment System from end use industry. The outbreak of COVID-19 significantly affected many industries, including automotive, electronics, and others. Business and manufacturing units across various countries were closed, owing to an increase in the number of COVID-19 cases.

Furthermore, the manufacturing sector registered disruptions in their supply chains, due to lockdown measures, travel restrictions, and the temporary shutdown of factories. This has affected the production and distribution of plasma surface treatment systems and related components. Furthermore, many companies put their investment plans on hold or delayed them, due to the uncertain business environment caused by the pandemic.

Investments in manufacturing facilities or equipment, including plasma surface treatment systems, were often postponed, leading to a slowdown in the adoption of these systems. Certain industries registered a significant shift in demand during the pandemic. For instance, interest in plasma surface treatment systems for the production of medical devices, personal protective equipment (PPE), and other healthcare-related products grew.

Key Takeaways from the Study

  • The players include Nordson Corporation, Tantec, Plasma Etch, Inc, PINK GmbH Thermosysteme, bdtronic, AcXys Technologies, Plasmatreat, Henniker Scientific, Guangdong Anda Automation Solutions Co., Ltd, Europlasma NV.

  • Based on type the Global Plasma Surface Treatment System Market is segmented into Atmospheric Pressure Type, Low Pressure / Vacuum Plasma Type. The Low Pressure / Vacuum Plasma Type segment is expected to expand at a significant CAGR during the forecast period, owing to the increasing integration of low-pressure/vacuum plasma surface treatment systems with automation and control systems, to enhance productivity and repeatability.

  • Based on application, the Plasma Surface Treatment System Market is segmented into automotive, electronics, PCB, medical, and others. The automotive segment is expected to hold a significant market share during the forecast period. The growth of the automotive segment is attributed to the growing demand for plasma surface treatment to improve adhesive bonding between components and enhance paint and coating adhesion to a variety of substrates.

  • Based on Sales Channel, the Plasma Surface Treatment System Market is segmented into Direct, and Indirect. The direct segment is the fastest growing segment during the forecast period, due to the manufacturers are focusing to establish direct relationships with end-users to gain better control over the sales process and to improve customer experience. It helps manufacturers to understand customer needs more closely, provide customized solutions, and offer timely support and service.

  • North America is expected to dominate the market during the forecast period. North America's prominence in technological advancements plays a crucial role in shaping the plasma surface treatment system market. The region is known for its continuous research and development efforts, resulting in the introduction of advanced systems with improved capabilities and performance. This fosters innovation and drives the adoption of plasma surface treatment technologies across industries.

Report Scope

Report Metric

Details

Market Value in 2022

USD 427.7 Million

Market Growth Rate

3.6%

Historical Data

2016-2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (USD Million)

Market Segments

by Type, by Application type, and by Sales Channel

Key Companies Profiled

Nordson Corporation, Tantec, Plasma Etch, Inc, PINK GmbH Thermosysteme, bdtronic, AcXys Technologies, Plasmatreat, Henniker Scientific, Guangdong Anda Automation Solutions Co., Ltd, Europlasma NV

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

 

Target Audience

• Supply-side: Manufacturers and distributors
• Demand Side: Automotive, Electronics, PCB, Medical, and Others
• Regulatory Side: Concerned government authorities, and other regulatory bodies.