The report "Cold Plasma Market by Industry (Textile, Electronics & Semiconductors, Polymers & Plastic, Food & Agriculture, Medical, Others), Application (Adhesion, Printing, Wound Healing), Regime (Atmospheric, Low Pressure), COVID-19 Impact - Global Forecast to 2026"The global cold plasma market size is projected to reach USD 3.3 billion by 2026 from USD 1.6 billion in 2021, at a CAGR of 15.0% during the forecast period. The increasing prevalence of food-borne diseases, increasing use of cold plasma in wound healing and cancer treatment, innovation in textile production, and the benefits of cold plasma in all industrial areas are the major factors driving the growth of this market.
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Plasma is a type of gas that consists of a mix of ionized and neutral particles. Cold plasma is a type of plasma that is generated at temperatures below 100°C. It is used for a range of applications such as surface treatment and sterilization in the healthcare industry. Cold plasma is used for the treatment of air and surfaces from bacteria, fungi, spores, and other microorganisms. It is also used for the treatment of medical device surfaces, wound care, and food sterilization.
The rising demand for cold plasma in the food industry is driving the market growth. Cold plasma is used in food preservation to maintain the freshness of the food by controlling microbial growth, improving food safety, and extending shelf life. It is also used to reduce the use of preservatives and chemicals in food products. Cold plasma technology is used in a variety of food products, including raw and processed meat, fish, dairy products, and vegetables.
The rising demand for cold plasma technology in the automotive industry is also driving the market growth. Cold plasmas are used in the automotive industry for surface treatment and coating applications.
The growing demand for cold plasma in the electronics industry is also driving the market growth. Cold plasma is used in the electronics industry for the cleaning of electronic components and the deposition of thin films.
The increasing demand for cold plasmas in the textile and leather industries is also driving the market growth. Cold plasma is used in the textile and leather industries for various applications, such as surface cleaning, de-dusting, and hydrophobic and oleophobic coatings.
The increasing demand for cold plasma in the aerospace and defense industry is also driving the market growth. Cold plasma is used in the aerospace and defense industry for surface treatment applications such as cleaning, coating, and surface modification.
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Key Market Players
Players in the global cold plasma industry such as Apyx Medical Corporation (US), Nordson Corporation (US), Adtec Plasma Technology Co. Ltd. (Japan), P2i (UK), Relyon Plasma GmbH, (Germany), Henniker Plasma (UK), Enercon Industries (US), AcXys Plasma Technologies (France), Plasmatreat (Germany), Tantec A/S (Denmark), Europlasma (Belgium), Thierry Corporation (Germany), Surfx Technologies, LLC (US), SOFTAL Corona & Plasma (Germany), Coating Plasma Innovation (France), Ferrarini & Benelli (Italy), Neoplas GmbH (Germany), terraplasma GmbH (Germany), Molecular Plasma Group (Germany), CINOGY GmbH (Germany), and US Medical Innovations (US)
Nordson Corporation (US)
Nordson Corporation held the leading position in the cold plasma market in 2020. The company has a highly diversified product portfolio, which includes a wide range of cold plasma products. Nordson’s position in the market can be attributed to its active R&D activities and wide global distribution footprint. To maintain its position in the cold plasma market, the company focuses on organic growth strategies such as new product launches to increase its market share. Nordson MARCH continuously introduces technologically advanced products.
Adtec Plasma Technology (Japan)
Adtec Plasma Technology held the second rank in the cold plasma market. The company is one of the leading players in plasma technologies, with a strong presence in numerous industries and a vast geographic footprint. The company’s focus on R&D helps it develop new products, owing to which it offers products in various segments. The company focuses on organic and inorganic growth strategies such as new product launches, expansions, and alliances to increase its market share.
Plasmatreat is one of the leading players in the cold plasma market. Its dominance in the market can be attributed to its wide product offerings for both atmospheric cold plasma and low-pressure cold plasma. The company has also established a strong geographical footprint through partnerships and expansions.
Europe to hold the largest regional market share
Europe is expected to account for the largest share of the cold plasma market, followed by North America. The large share of Europe in the global market can be attributed to the presence of a large number of cold plasma companies and growing R&D work in Germany.
- Relyon plasma GmbH launched atmospheric plasma system, piezobrush PZ3.
- Hennikar plasma signed a partnership with Irida (Spain), this helped the company to strengthens its geographic presence in spain.
- Nordson Corporation launched FlexTRAK-SHS automated plasma treatment system. The FlexTRAK-SHS system’s advanced automation enables simultaneous strip buffering and plasma processing for higher chamber utilization
- P2i launched Dunkable, a system-level waterproofing solution that enables a smartphone to operate normally despite being fully submerged for long periods, and the outer case breached.
- Europlasma launched a nanocoating product Plasmaguard.
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