Purging Compound Market Size, Industry Growth Report, 2024
Global Purging Compound Market is expected to reach USD 701.15 Million by 2024 from USD 456.87 Million in 2016 at a CAGR of 5.5%.
Shifting preference to reduce machine downtime, curb raw material wastage and lower cleaning costs will drive purging compound market growth. Rapid expansion of automotive, healthcare, consumer goods, electronics and packaging industry will stimulate industry growth. Traditional cleaning methods are being replaced by the product due to benefits such as reduction in purging time and enhanced quality of the final product. Factors are likely to augment the demand for the product in the thermoplastic processing industry over the forecast period.
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Mechanical purging, chemical/foaming purging and liquid purging are type segments of purging compound market. Chemical/foaming and liquid purging is largely used in industry.
Injection molding, extrusion and blow molding are process segment of the purging compound market. Extrusion segment is leading type segment of purging compound market this is attributed to wide use of purging compound in the plastic processing equipment industry. Injection molding segment is expected to grow at a high CAGR during the forecast period.
Geographically, the purging compound market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is expected to be one of the largest market for purging compound due to the increasing demand for purging compound by the plastic processing equipment industry in this region. Asia-Pacific is expected to grow at a high CAGR during the forecast period owing to the rising demand for extruders and injection molding from countries, such as Japan, China and India.
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Scope of the report:
Purging Compound Market, by Type
• Chemical/Foaming Purging
• Mechanical Purging
• Liquid Purging
Purging Compound Market, by Process:
• Injection Molding
• Extrusion
• Blow Molding
Purging Compound Market, by Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players of the Purging Compound Market:
• Asahi Kasei Corporation (Japan)
• Chem-Trend (China)
• Purgex (U.S.)
• Dyna-Purge (U.S.)
• 3M Company (U.S.)
• Clariant AG (Switzerland)
• VELOX GmbH (Germany)
• E. I. Du Pont de Nemours and Company (U.S.)
• Kuraray Co., Ltd. (Japan)
• Daicel Corporation (Japan)
• The Dow Chemical Company (U.S.)
• Formosa Plastics Corporation (Taiwan)
MAJOR TOC OF THE REPORT
Chapter One: Purging Compound Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Purging Compound Market Competition, by Players
Chapter Four: Global Purging Compound Market Size by Regions
Chapter Five: North America Purging Compound Revenue by Countries
Chapter Six: Europe Purging Compound Revenue by Countries
Chapter Seven: Asia-Pacific Purging Compound Revenue by Countries
Chapter Eight: South America Purging Compound Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Purging Compound by Countries
Chapter Ten: Global Purging Compound Market Segment by Type
Chapter Eleven: Global Purging Compound Market Segment by Application
Chapter Twelve: Global Purging Compound Market Size Forecast (2019-2026)
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