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Purging Compound Market by Type, Process And Region - Global Forecast to 2022

Purging Compound Market: Global Forecast until 2022

  • June 2017
  • 143 pages
  • ID: 4970263
In this report:
The extrusion process segment is anticipated to lead the global purging compound market, and is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, recording a CAGR of ##.##% during the forecast period.
In 2016, the mechanical purging segment in North America held the largest share of ##.##% of the global purging compound market, mainly due to the large base of plastic processing plants in this region, and it is expected to record a CAGR of ##.##% between 2017 and 2022.


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Purging Compound market is estimated to rise at a compound annual growth rate of 5.40 percent

The purging compound market is estimated to grow USD 586.3 Million by 2022, at a compound annual growth rate of 5.40 percent between 2017 and 2022. Elements such as growing use of purging compound in different industries leads to a reduction in machine downtime, low production cost, and less raw material wastage are driving this industry. Nevertheless, the high cost of purging compound is anticipated to restrain the purging compound market.

Chemical/foaming purging segment to register the more important increase in the purging compound market

Chemical/foaming is one of the most common purging compounds which is used in plastic processing equipment. Chemical purging compounds are most preferred due to their high moldability rate, as scrap generated can often be used to remold parts.

Injection molding segment to register the more considerable rise in the purging compound market

Purging compound is widely used in injection molding, as it is one of the most significant processes used for the production of plastic parts in bulk quantities. The use of injection molding accelerates production processes and ensures high precision in the development of engineering components. A wide range of thermoplastics including ABS, PA, PC, PP, and GPPS, among others, can be processed by injection molding. Typical products produced by injection molding are automotive dashboards, electrical switches, television cabinets, battery casing, telephone headsets, drug inhalation units, syringes, bottles, and disposable razors, among others

The purging compound market in the Asia Pacific (APAC) area is expected to rise at the highest CAGR (Compound annual growth rate) during the outlook period

The Asia-Pacific purging compound market is expected to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022. Quick industrialization in this zone has contributed to the expansion of different sectors, including chemicals, petrochemicals, automotive, construction, and food & beverage, among others. As purging compounds are increasingly utilized by these markets to minimize machine downtime and improve production efficiency, the increase of the end-use sectors has propelled the industry demand for purging compounds in this area.


• By Company category: Tier 1 - 19 %, Tier 2 - 45.0 percent, and Tier 3 - 36.0 percent

• By Description: C-suite - 20.0 percent, D-level - 48.0 percent, and Others - 32.0 percent

• By Area: North America (NA) - 24.0 percent, Europe (EU) - 18.0 percent, APAC - 47.0 percent, South America region - 8.0 percent, and Middle East region & African continent - 3.0 percent

Main firms decribed in this market report contain Asahi Kasei Corporation, Chem-Trend, Purgex, Dyna-Purge, 3M Company (NYSE:MMM), Clariant (CLN), VELOX GmbH, E. I. Du Pont de Nemours and Organization, Kuraray Co., Limited, Daicel Corporation, Dow Chemical (NYSE:DOW), Formosa Plastics Corporation, CALSAK Corporation, Reedy Chemical Foam & Specialty Additives, Magna Purge, and RapidPurge

Segment Research

This business report affords an overview of the market trends, drivers, and barriers with respect to the purging compound market. It also offers a exhaustive overview of the market across five regions, that is, Asia-Pac, North America continent, EU, Middle East area & African continent, and South America area. The analysis classifies the purging compound market based on type, process, and area. An in-depth study of the leading actors, together with the top increase strategies approved by them is also covered in the market research.

Why Purchasing This Study Can Help You:

This industry report includes the following main aspects:

• The market size by 2022, and the increase rate between 2017 and 2022

• The top market trends

• The factors projected to drive the increase of the market

• The barriers that impact industry growth

• The main actors in this sector

• The overall purging compound market report includes key regions, like North America, Europe (EU), Asia Pacific (APAC), Middle East (ME) & African continent, and South America region.

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