Factors contributing to the growth of this market include the benefits of cold plasma, such as its environment-friendliness; innovations in textile production; growing food safety concerns; innovations in cold plasma technology; and the increasing use of cold plasma in meat and poultry packaging decontamination.
The global cold plasma market is projected to reach USD 2.91 Billion by 2021, at a CAGR of 16.2% from 2016 to 2021.
The surface treatment segment to witness the highest growth during the forecast period
The surface treatment segment accounted for the largest share of the cold plasma market for the polymer and plastic industry. This market segment is majorly driven by the advantages of cold plasma surface treatment, such as increased durability, better hydrophobic properties, higher packing density, better film quality, enhanced coating surface smoothness, and lower cost.
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Wound healing segment is expected to grow at the highest CAGR during the forecast period
Wound healing is the fastest growing application segment in the cold plasma market for medical industry during the forecast period. The benefits of cold plasma technology in wound healing applications—faster healing and better results, sterilization efficiency, & cost-effectiveness as compared to conventional methods are driving the growth of this application segment.
Europe region to witness the highest growth during the forecast period
In 2015, Europe accounted for the largest share of the global cold plasma market, followed by North America, Asia-Pacific, and RoW. 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 market 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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Leading Companies
The major players in the cold plasma market are Nordson Corporation (U.S.), Bovie Medical Corporation (US), ADTEC Plasma Technology Co. Ltd. (Japan), Plasmatreat GmbH (Germany), Enercon Industries Corporation (US), Neoplas Tools GmbH (Germany), Tantec A/S (Denmark), Europlasma NV (Belgium), Henniker Plasma (UK), and P2i Limited (UK).
Recent Developments
In October 2016, Henniker Plasma launched a cost-effective bench-top plasma cleaner for transmission Electron Microscopy (TEM) sample preparation tasks.
In February 2016, P2i partnered with Lenovo Group Ltd. (China) to provide water-repellent coating to their newly launched flagship tablets—TAB3 10 and TAB3 7.
In November 2014, Nordson Advanced Technology K.K. Japan relocated to a new, larger facility in Tokyo, Japan. This relocation was aimed at delivering superior sales, service, technical training, and support to its customers in Japan.
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