Plasma Surface Treatment Equipment Market Size, Share, Growth, and Industry Analysis, By Type (Low Pressure/Vacuum Plasma Surface Treatment Equipment, Atmospheric Plasma Surface Treatment Equipment), By Application (Semiconductor, Automotive, Electronics, Others), and Regional Forecast From 2024 To 2032

Plasma Surface Treatment Equipment Market Report Overview

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The global plasma surface treatment equipment market size was USD 442.2 million in 2022 and is expected to reach USD 805.2 million in 2032, at a CAGR of 6.2% during the forecast period. In the market study, our analysts have considered plasma surface treatment equipment players such as Nordson, PVA TePla, Plasmatreat, Panasonic, Oksun, Tonson Tech, Diener Electronic, Vision Semicon, Yield Engineering Systems, Bdtronic GmbH, CRF Plasma, Tantec, Arcotec, Plasma System, FARI, Samco, PINK GmbH Thermosysteme, etc.

Plasma surface treatment equipment is used to change the surface characteristics of materials using the plasma treatment technique. Plasma treatment is a form of surface modification procedure in which a material is exposed to a low-pressure plasma environment. The plasma treatment improves the material's surface characteristics by adding new chemical functions or eliminating contaminants from the surface.

A plasma generator, a vacuum chamber, a gas supply system, and a substrate holder are common components of plasma surface treatment equipment. The plasma is created by ionising a gas such as oxygen, nitrogen, or argon. The vacuum chamber is used to regulate the pressure and atmosphere in which plasma is produced. The plasma surface treatment equipment market is driven by increasing demand for high-quality and eco-friendly manufacturing processes in various industries, growing demand for consumer electronics and increasing investments in research and development.

COVID-19 Impact: Pandemic Hampered the Demand for Market

The global COVID-19 pandemic has been unprecedented and staggering, with plasma surface treatment equipment market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 epidemic had negative influence on the market. The epidemic disrupted the worldwide supply chain and reduced demand for items that require plasma surface treatment equipment. However, the market is likely to revive as the global economy strengthens and demand for these items increases. The pandemic produced a large drop in worldwide industrial activity, resulting in a drop in demand for plasma treatment equipment. The lockdowns and mobility restrictions also had an impact on the supply chain, creating delays in the delivery of raw materials and equipment. As the global economy progressively improves, the market is projected to rebound. The need for plasma treatment equipment is likely to rise as its applications expand. Because of its uses in the electronics, automotive, and medical industries, the demand for plasma treatment equipment is likely to grow.

Latest Trends

"Increasing Demand from Aerospace and Automotive Sectors to Fuel Market Growth"

The automotive and aerospace industries make extensive use of plasma surface treatment to enhance the adhesion of coatings, paints, and adhesives. Plasma treatment equipment has seen an increase in demand as a result of the growing demand for vehicles that are both lightweight and fuel-efficient. These vehicles need equipment that can improve their performance and durability. This equipment is also extensively used by the consumer electronics industry. With the developing interest for cell phones, tablets, and other electronic gadgets, the requirement for top notch surface treatment to work on the bond and solidness of electronic parts is on the ascent. The market is always changing because new technological developments are driving growth and innovation. For instance, more cost-effective and effective plasma treatment equipment have been developed as a result of the advancement of atmospheric pressure plasma technology.

Plasma Surface Treatment Equipment Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into low pressure/vacuum plasma surface treatment equipment, atmospheric plasma surface treatment equipment.

Low pressure/vacuum plasma surface treatment equipment is expected to be the top part of type segmentation.

• By Application Analysis

Based on application, the market can be divided into semiconductor, automotive, electronics, others. Semiconductor is expected to be the top part of application segmentation.

Driving Factors

"Rising Demand from Variety of Sectors to Stimulate Market Growth"

Automotive, aerospace, medical, and electronics are just a few of the many fields in which plasma treatment equipment is utilized. A major driver of market expansion is the rising demand for these goods in these sectors. The need to enhance the adhesion properties of various materials is driving plasma surface treatment equipment market growth.

"Several Benefits of the Product to Fuel Market Growth"

The plasma treatment contributes to the modification of materials' surface energy, which enhances the material's ability to bond with other substances. It is more environmentally friendly than conventional surface treatment methods because it does not require the use of chemicals or solvents. Manufacturers have been forced to adopt eco-friendly processes like plasma surface treatment, which uses fewer harmful chemicals and produces less waste, as a result of strict environmental regulations. The market's expansion is being driven by this factor.

Restraining Factors

"High Initial Setup Cost to Restrict Market Growth"

Equipment for plasma surface treatment requires a significant initial investment, which may be a significant constraint for startups and small and medium-sized businesses (SMEs). This might make it harder for people to use this technology and make the market shrink. Plasma surface treatment requires skilled professionals to work and keep up with it. The market may be constrained by a lack of skilled workers.

Plasma Surface Treatment Equipment Market Regional Insights

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"Technological Advancements in North America Anticipated to Drive Market Expansion"

North America holds the leading position in plasma surface treatment equipment market share due to increasing demand for plasma treatment equipment from industries such as automotive, electronics, and medical devices, high adoption rate of advanced technologies, increasing demand for consumer electronics, and the presence of key market players in the region and growth in the manufacturing sector.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Growth"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.

The top key players in the market are Nordson, PVA TePla, Plasmatreat, Panasonic, Oksun, Tonson Tech, Diener Electronic, Vision Semicon, Yield Engineering Systems, Bdtronic GmbH, CRF Plasma, Tantec, Arcotec, Plasma System, FARI, Samco, PINK GmbH Thermosysteme. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.

LIST OF TOP PLASMA SURFACE TREATMENT EQUIPMENT COMPANIES

• Nordson
• PVA TePla
• Plasmatreat
• Panasonic
• Oksun
• Tonson Tech
• Diener Electronic
• Vision Semicon
• Yield Engineering Systems
• Bdtronic GmbH
• CRF Plasma
• Tantec
• Arcotec
• Plasma System
• FARI
• Samco
• PINK GmbH Thermosysteme

Report Coverage

This report examines an understanding of the plasma surface treatment equipment market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.