How the Cold Plasma Market is Changing the Industry

According to the new market research 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", published by MarketsandMarkets™, the global market 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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Drivers: Benefits of cold plasma technology

Cold plasma technology has diverse applications in several industries. This processing method possesses many advantages, such as low water and energy consumption, minimal fiber damage, reduced flammability, low chemical consumption, improved wettability, low cost, and a worker-friendly nature. Also, cold plasma technologies do not require onsite storage of supply chemicals or large volumes of processing water, either for implementation or in post-treatment rinsing. Their benefits, as compared to the currently used alternatives in application industries, have served to drive the adoption of cold plasma techniques.

Restraints: High capital investment

Before investing, companies always analyze the benefits of a technology with regard to their investment and the time taken to recover that cost, considering their budget. Cold plasma technologies are capital-intensive as the equipment used in these coating technologies, such as vacuum equipment, are very costly and require special operating conditions, such as low temperatures and controlled vacuum conditions for operation.

Opportunities: Application of cold plasma in infection prevention and prolonging the life of PPE

Cold plasma can be used in the prevention of infectious diseases and nosocomial infections as it kills highly stable multi-resistant microbes. In the COVID-19 pandemic, protective clothing and sterile textiles are in short supply. Treatment with cold plasma or ozone-generating plasma can prolong the use of clothing. It can also help in the hydrophilization process in the textile industry for gloves, PPE kits, and masks to reduce microorganisms. Plasmatreat, one of the leading players in the cold plasma market, has developed a prototype cleaning station that provides solutions for disinfecting protective clothing.

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) are focusing on increasing their presence in high-growth markets through both organic as well as inorganic growth strategies including product launches, expansions, collaborations, and partnerships. Due to the intense competition in this market, market players are increasingly focusing on product launches to strengthen their competitiveness in the market.

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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. For instance, in June 2021, the company launched the MegaVIA Plasma Treatment System. The new system offers increased panel-loading by more than 54%, with only a 2% increase in footprint compared to the MaxVIA-Plus. The new platform delivers high process reproducibility and plasma treatment uniformity for PCB panels. In January 2020, with the launch of the PROGENY Plasma Treatment System, the company expanded its cold plasma product offerings for the medical device industry. Similarly, in March 2019 and February 2018, Nordson MARCH launched the FlexTRAK-SHS Automated Plasma Treatment System and MesoSPHERE Plasma System.

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. The company focuses on organic and inorganic growth strategies such as new product launches, expansions, and alliances to increase its market share. In February 2021, with recent additions to its RF Plasma Equipment range, Adtec was able to supply the entire chain of RF Power equipment—from generator to chamber. These product introductions helped the company build long-standing expertise in the RF plasma generators and impedance matching units markets.

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, in August 2021, the company opened a new subsidiary—Plasmatreat Nordic AB (Sweden)—to expand its international customer base and better serve the Scandinavian and Baltic markets. Business expansions would allow the company to enhance its product offerings and geographic reach, enabling it to attain a leadership position in the cold plasma market.

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Related Reports:

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

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