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. Innovations in textile production and growing food safety concerns are the major factors driving the growth of this market.
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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 RD 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 RD helps it develop new products, owing to which it offers products in various segments.
Plasmatreat (Germany)
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. In this regard, the company opened a new subsidiary—Plasmatreat Nordic AB (Sweden)—to expand its international customer base and better serve the Scandinavian and Baltic markets.
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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 RD work in Germany.
The Asia Pacific region is expected to register the highest growth during the forecast period, primarily due to the growing demand for cold plasma technology in China, India, Japan, and South Korea, among other APAC countries. Considering this factor, a majority of global companies are focusing on developing and expanding their RD capabilities and distribution networks in this region.
Recent Developments
- 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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