This study on Cold Plasma Market involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
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.
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By polymer & plastic industry, the surface treatment segment is to dominate the cold plasma industry share in 2020
Based on industry, the cold plasma industry has been segmented into the polymer & plastic industry, textile industry, electronics & semiconductors industry, food & agriculture, and medical industry. Within the polymer & plastic industry, the surface treatment segment accounted for the largest share in 2020. The large share of this segment can be attributed to the cost-effective and environmental-friendly cold plasma as compared to conventional treatments for surface treatment.
By Regime, the atmospheric cold plasma segment is expected to grow at the highest CAGR during the forecast period (2021-2026)
Based on the regime, the cold plasma market has been segmented into atmospheric cold plasma and low-pressure cold plasma. The atmospheric cold plasma segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is attributed to advantages offered by the atmospheric cold plasma, such as the easier handling of samples and scalability for in-line processing and integration into existing production lines.
Europe to hold the largest regional market share in 2020
Europe is expected to account for the largest share of the cold plasma market in 2020, 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 prominent players in the cold plasma market include 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 (US), SOFTAL Corona & Plasma (Germany), Coating Plasma Innovation (France), Ferrarini & Benelli (Italy), Neoplas GmbH (Germany), terraplasma GmbH (Germany), Molecular Plasma Group (Germany), and CINOGY GmbH (Germany), US Medical Innovation (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.
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