Cold plasma Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2026
Cold plasma Market Analysis:
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. 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.
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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.
Cold Plasma Market Dynamics
Drivers: Benefits of cold plasma technology
Restraints: High capital investment
Opportunities: Application of cold plasma in
infection prevention and prolonging the life of PPE
Challenges: Limited commercialization of cold plasma
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.
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 R&D capabilities and distribution
networks in this region.
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