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Purging Compound Market Share

Report ID: GMI2145
Published Date: Oct 2017
Report Format: PDF

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Purging Compound Market Share

Global purging compound industry share is fragmented in nature with presence of large number of manufacturers and distributors across different regions. Major leading industry participants include

Asahi Kasei Corporation
VELOX GmbH
Dyna-Purge
Chem-Trend LP
E. I. Du Pont de Nemours

The key industry players have adopted numerous growth strategies including new product launches, mergers & acquisitions, joint ventures, partnerships, innovation and technological advancements to strengthen their position.

For instance, in 2016, Chem-Trend acquired the Italian engineering and designing company Moulds Plus International’s business “Ultra Purge” to expand its thermoplastic processing portfolio.Other prominent players are

3M
Purgex
Magna Purge
RapidPurge
Reedy Chemical Foam & Specialty Additives
CALSAK Corporation
Formosa Plastics Corporation
Dow Chemical
Daicel Corporation
Kuraray
Clariant AG
Ultra System SA
Polyplast Muller GmbH
Slide Products

Companies invest enormously in R&D operations to offer distinguished solutions to gain competitive advantage.

Industry Background

Rising number of plastic processing units on a global scale coupled with growing demand for purging compound, particularly in engineering thermoplastics will drive the product market size. Improved governmental regulations, commercialization and new product launches in several emerging economies including India, China, Thailand, South Korea and Brazil will further propel the global purging compound market expansion.

Increasing efficiency as compared to traditional cleaning approaches including purging with regrind along will drive industry development. Benefits of using the product include low manufacturing cost, less material waste, less scrap and reduced downtime. Thereby, these benefits positively impact industry growth over the forecast timeframe.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Purging Compound Market size was valued over USD 300 million in 2016

The worth of Purging Compound Market is expected to reach a valuation of 600 mn by 2024.

Global purging compound industry size was worth USD 300 million in 2016 and may surpass 14 kilo tons by 2024, driven by shifting manufacturer preference to curb raw material wastage, lower cleaning costs, & reduce machine downtime.

Global purging compound market share from extrusion process may depict 7% CAGR through 2024, owing to extruded product advantages such as ease in carbon removal and faster color & material changes.

Expanding manufacturing sector and rising demand for plastic processing units will increase global mechanical purging compound market size, slated to be valued at USD 400 million by 2024.

Liquid form is usually preferred due to the fact that it is very suitable for color to color and resin to resin changes for quick and cost-effective conventional processing. Purging compound industry size from liquid segment may depict 7.5% CAGR through 2024.

Automotive sector may cross USD 130 million by 2024, owing to rising adoption of sustainable and lightweight plastic materials in the form of films, fasteners, and equipment.

Asia Pacific purging compound industry share may increase with a CAGR of 7% through 2024, owing to robust industrialization and composite usage across major end-use sectors.