Purging Compound Market by Type (Mechanical, Chemical/Foaming, and Liquid Purging), Process (Extrusion, Injection Molding, and Blow Molding), and Region - Global Forecast to 2022

  • ID: 4318701
  • Report
  • Region: Global
  • 143 Pages
  • Markets and Markets
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The Purging Compound Market is Projected to Reach USD 586.3 Million By 2022, at a CAGR of 5.4% from 2017 to 2022

FEATURED COMPANIES

  • 3M Company
  • Clariant Ag
  • Dyna-Purge
  • Magna Purge
  • Purgex
  • Slide Products, Inc.
  • MORE

“Purging Compound market is projected to grow at a CAGR of 5.4%”

Factors such as increasing use of purging compound in various industries leads to a reduction in machine downtime, low production cost, and less raw material wastage are driving this market. However, the high cost of purging compound is expected to restrain the purging compound market.

“Chemical/foaming purging segment to register the highest growth 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 highest growth 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 such as 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 region is projected to grow at the highest CAGR during the forecast period”

The Asia-Pacific purging compound market is projected to grow at the highest CAGR from 2017 to 2022. Rapid industrialization in this region has contributed to the expansion of various industries, such as chemicals, petrochemicals, automotive, construction, and food & beverage, among others. As purging compounds are increasingly utilized by these industries to reduce machine downtime and improve production efficiency, the growth of the end-use industries has propelled the demand for purging compounds in this region.

Breakdown of Profile of Primary Participants:

  • By Company Type: Tier 1 - 19 %, Tier 2 - 45%, and Tier 3 - 36%
  • By Designation: C Level - 20%, Director Level - 48%, and Others - 32%
  • By Region: North America - 24%, Europe - 18%, Asia-Pacific - 47%, South America - 8%, and Middle East & Africa - 3%

Major companies profiled in this report include 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), CALSAK Corporation (U.S.), Reedy Chemical Foam & Specialty Additives (U.S.), Magna Purge (U.S.), and RapidPurge (U.S.)

Research Coverage:

This report offers an overview of the market trends, drivers, and barriers with respect to the purging compound market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, North America, Europe, Middle East & Africa, and South America. The report categorizes the purging compound market on the basis of type, process, and region. A detailed analysis of the leading players, along with the key growth strategies adopted by them is also covered in the report.

Reasons to Buy the Report:

  • This report covers the following key aspects:
  • The market size by 2022, and the growth rate from 2017 to 2022
  • The key market trends
  • The factors expected to drive the growth of the market
  • The barriers that impact market growth
  • The key players in this market
  • The global purging compound market report covers key regions, such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M Company
  • Clariant Ag
  • Dyna-Purge
  • Magna Purge
  • Purgex
  • Slide Products, Inc.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency & Pricing
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Purging Compound Market
4.2 Purging Compound Market, By Region
4.3 Purging Compound Market, By Process
4.4 North America Purging Compound Market
4.5 Purging Compound Market: Emerging Economies & Developed Economies
 
5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Use of Purging Compounds in Various Industries Leads to Reduction in Machine Downtime, Low Production Cost, And Less Raw Material Wastage
5.1.2 Restraints
5.1.2.1 High Prices of Purging Compounds
5.1.3 Opportunities
5.1.3.1 Compliance of Purging Compounds With the Regulations Formulated By Various Legal And Administrative Bodies for Direct Use With Food Products And Medicines
5.1.4 Challenges
5.1.4.1 Lack of Awareness About the Benefits Offered By Purging Compounds in Emerging Economies As Compared to Developed Economies
5.2 Porter’S Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Buyers
5.2.3 Threat of Substitutes
5.2.4 Bargaining Power of Suppliers
5.2.5 Intensity of Competitive Rivalry
5.3 Macroeconomic Indicators
5.3.1 Demand Outlook for the Plastics Industry
5.3.2 Trends And Forecast Regarding Contribution of the Polymer Industry to Gdp of Major Countries
5.4 Industry Outlook
5.4.1 Plastic Processing Machines Market

6 Purging Compound Market, By Type
6.1 Introduction
6.1.1 Mechanical Purging
6.1.2 Chemical/Foaming Purging
6.1.3 Liquid Purging

7 Purging Compound Market, By Process
7.1 Introduction
7.2 Extrusion
7.3 Injection Molding
7.4 Blow Molding
 
8 Purging Compound Market, By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Mexico
8.2.3 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 Italy
8.3.4 Russia
8.3.5 Spain
8.3.6 U.K.
8.3.7 Netherlands
8.3.8 Belgium
8.3.9 Ukraine
8.3.10 Rest of Europe
8.4 Asia-Pacific
8.4.1 China
8.4.2 Japan
8.4.3 South Korea
8.4.4 Australia
8.4.5 India
8.4.6 Taiwan
8.4.7 Rest of Asia-Pacific
8.5 Middle East & Africa
8.5.1 Uae
8.5.2 Kingdom of Saudi Arabia (Ksa)
8.5.3 Iran
8.5.4 South Africa
8.5.5 Iraq
8.5.6 Egypt
8.5.7 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Venezuela
8.6.4 Rest of South America
 
9 Competitive Landscape
9.1 Introduction
9.1.1 Dynamics
9.1.2 Innovators
9.1.3 Vanguards
9.1.4 Emerging
9.2 Competetive Benchmarking
9.2.1 Analysis of Product Porthfolio of Major Players in the Porging Compound Market (25 Players)
9.2.2 Business Strategies Adopted By Major Players in the Purging Compound Market (25 Players)
9.3 Market Ranking of Key Players

10 Company Profiles
(Overview, Products & Services, Strategies & Insights, Developments And Mnm View)*
10.1 Dow Chemical Company
10.2 Formosa Plastics Corporation
10.3 3M Company
10.4 Asahi Kasei Chemicals Corporation
10.5 Clariant Ag
10.6 Velox Ghmbh
10.7 E. I. Du Pont De Nemours And Company
10.8 Kuraray Co. Ltd.
10.9 Daicel Corporation
10.10 Dyna-Purge
10.11 Chem-Trend
10.12 Purgex
10.13 Calsak Corporation
10.14 Reedy Chemical Foam & Specialty Additives
10.15 Magna Purge
10.16 Rapidpurge
10.17 Polyplast Muller Gmbh
10.18 Slide Products, Inc.
10.19 Elm Grove Industries, Llc
10.20 Ultra Plast Asia Co., Ltd
10.21 Ultra System Sa
10.22 Rbm Polymers
10.23 Claude Bamberger Molding Compounds Corporation
10.24 Purge Right 131
10.25 Z Clean
*Details On Overview, Products & Services, Strategies & Insights, Developments And Mnm View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Subscription Portal
11.3 Introducing Rt: Real Time Market Intelligence
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details

List of Tables
Table 1 Global Purging Compound Market Snapshot
Table 2 Trends And Forecast Of Gdp, 2015–2021 (USD Billion)
Table 3 Global Purging Compound Market, By Type, 2015-2022 (USD Million)
Table 4 Mechanical Purging Segment, By Region, 2015-2022 (USD Million)
Table 5 Chemical/Foaming Purging Segment, By Region, 2015-2022 (USD Million)
Table 6 Liquid Purging Segment, By Region, 2015–2022 (USD Million)
Table 7 Global Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 8 Purging Compound Market In Extrusion, By Region, 2015–2022 (USD Million)
Table 9 Purging Compound Market In Injection Molding, By Region, 2015–2022 (USD Million)
Table 10 Purging Compound Market In Blow Molding, By Region, 2015–2022 (USD Million)
Table 11 Global Purging Compound Market, By Region, 2015–2022 (USD Million)
Table 12 North America Purging Compound Market, By Country, 2015–2022 (USD Million)
Table 13 North America Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 14 North America Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 15 U.S. Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 16 U.S. Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 17 Mexico Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 18 Mexico Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 19 Canada Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 20 Canada Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 21 Europe Purging Compound Market, By Country, 2015–2022 (USD Million)
Table 22 Europe Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 23 Europe Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 24 Germany Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 25 Germany Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 26 France Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 27 France Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 28 Italy Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 29 Italy Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 30 Russia Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 31 Russia Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 32 Spain Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 33 Spain Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 34 U.K. Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 35 U.K. Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 36 Netherlands Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 37 Netherlands Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 38 Belgium Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 39 Belgium Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 40 Ukraine Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 41 Ukraine Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 42 Rest Of Europe Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 43 Rest Of Europe Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 44 Apac Purging Compound Market, By Country, 2015–2022 (USD Million)
Table 45 Apac Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 46 Apac Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 47 China Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 48 China Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 49 Japan Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 50 Japan Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 51 South Korea Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 52 South Korea Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 53 Australia Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 54 Australia Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 55 India Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 56 India Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 57 Taiwan Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 58 Taiwan Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 59 Rest Of Apac Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 60 Rest Of Apac Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 61 Mea Purging Compound Market, By Country, 2015–2022 (USD Million)
Table 62 Mea Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 63 Mea Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 64 Uae Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 65 Uae Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 66 Ksa Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 67 Ksa Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 68 Iran Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 69 Iran Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 70 South Africa Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 71 South Africa Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 72 Iraq Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 73 Iraq Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 74 Egypt Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 75 Egypt Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 76 Rest Of Mea Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 77 Rest Of Mea Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 78 South America Purging Compound Market, By Country, 2015–2022 (USD Million)
Table 79 South America Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 80 South America Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 81 Brazil Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 82 Brazil Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 83 Argentina Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 84 Argentina Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 85 Venezuela Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 86 Venezuela Purging Compound Market, By Process, 2015–2022 (USD Million)
Table 87 Rest Of South America Purging Compound Market, By Type, 2015–2022 (USD Million)
Table 88 Rest Of South America Purging Compound Market, By Process, 2015–2022 (USD Million)

List of Figures
Figure 1 Purging Compound: Market Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews, By Company Type, Designation, & Region
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Purging Compound Market: Data Triangulation
Figure 7 the Mechanical Purging Type Segment to Lead the Purging Compound Market in 2017
Figure 8 the Extrusion Process Segment to Lead the Purging Compound Market in 2017
Figure 9 the Asia-Pacific Purging Compound Market is Expected to Offer Attractive Investment Opportunities for the Market Players from 2017 to 2022
Figure 10 Purging Compound Market Snapshot
Figure 11 Increased Use of Purging Compounds in the Plastic Processing Equipment Industry Across the Globe is Projected to Fuel the Growth of Purging Compound Market from 2017 to 2022
Figure 12 the Asia-Pacific Purging Compound Market is Projected to Grow at the Highest CAGR from 2017 to 2022
Figure 13 the Extrusion Process Segment is Estimated to Lead the Purging Compound Market in 2017
Figure 14 the Mechanical Purging Type Segment is Estimated to Account for the Largest Share of the North America Purging Compound Market in 2017
Figure 15 the China Purging Compound Market is Projected to Grow at the Highest CAGR from 2017 to 2022
Figure 16 Drivers, Restraints, Opportunities, & Challenges in the Purging Compound Market
Figure 17 Cost Analysis: Without Purging Compounds & With Purging Compounds
Figure 18 Porter’S Five Forces Analysis
Figure 19 Per Capita Plastic Products Consumption (Kilograms/Person), 2015
Figure 20 Injection Molding Machines Sold Worldwide, 2012
Figure 21 the Mechanical Purging Segment is Projected to Lead the Purging Compound Market During the Forecast Period
Figure 22 the Mechanical Purging Segment in the Middle East & Africa is Projected to Grow at the Highest CAGR Between 2017 And 2022
Figure 23 North America is Anticipated to Lead the Chemical/Foaming Purging Segment in 2017
Figure 24 the Liquid Purging Segment in the Asia-Pacific is Anticipated to Grow at the Highest CAGR During the Forecast Period
Figure 25 the Injection Molding Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 26 North America Accounted for the Largest Share of the Extrusion Process Segment in 2016
Figure 27 the Injection Molding Process Segment in the Asia-Pacific Region is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Asia-Pacific is Anticipated to Lead the Blow Molding Process Segment During the Forecast Period
Figure 29 China is the Fastest-Growing Country in the Purging Compound Market
Figure 30 North America Purging Compound Market Snapshot
Figure 31 Europe Purging Compound Market Snapshot
Figure 32 Asia-Pacific Purging Compound Market Snapshot
Figure 33 Dive Chart
Figure 34 Asahi Kasei Corporation (Japan) Accounted for the Largest Share of the Purging Compound Market, 2017
Figure 35 Dow Chemical Company: Company Snapshot
Figure 36 Formosa Plastics Corporation: Company Snapshot
Figure 37 3M Company: Company Snapshot
Figure 38 Asahi Kasei Chemicals Corporation: Company Snapshot
Figure 39 Clariant Ag: Company Snapshot
Figure 40 E. I. Du Pont De Nemours And Company: Company Snapshot
Figure 41 Kuraray Co. Ltd.: Company Snapshot
Figure 42 Daicel Corporation: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M Company
  • Clariant Ag
  • Dyna-Purge
  • Magna Purge
  • Purgex
  • Slide Products, Inc.
  • MORE

The purging compound market is projected to reach USD 586.3 Million by 2022, at a CAGR of 5.4% from 2017 to 2022. Reduction in machine downtime, low production cost, and less raw material wastage are the key factors driving the purging compound market.

The major types of the purging compound market are mechanical purging, chemical/foaming purging, and liquid purging. Purging compounds are plastic resins that are used to clean and remove contaminations from plastic processing machines, which carry out injection molding, blow molding, and extrusion processes. Purging compounds are compatible with a wide range of polymers, such as polyolefins (PP, PE, and TPO), high-temperature resins (PEEK and PSU), and engineered resins (ABS, HIPS, polycarbonate, nylon, PBT, and PET). Purging compounds help eliminate un-melted resins, degraded residues, true gels, foreign contaminants, un-dispersed additives & modifiers, moisture, and air bubbles from screws and barrels of machines.

On the basis of process, the extrusion segment is estimated to account for the largest share of the purging compound market in 2017. This large share is mainly attributed to the extensive use of purging compound in the plastic processing equipment industry. The injection molding segment is anticipated to grow at a higher CAGR from 2017 to 2022, owing to the increasing demand from the food & beverage and automotive end-use industry.

Increasing demand for purging compound by the plastic processing equipment industry is expected to drive the market across regions. North America is estimated to lead the global purging compound market in 2017. The Asia-Pacific purging compound market is projected to grow at the highest CAGR from 2017 to 2022, owing to the increasing demand for injection molding and extruders from countries, such as China, Japan, and India.

High prices of purging compounds is the major inhibiting factor for the growth of purging compound market, especially in the emerging economies, such as India and South Africa, among others.

Key companies operating in the purging compound market include 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), CALSAK Corporation (U.S.), Reedy Chemical Foam & Specialty Additives (U.S.), Magna Purge (U.S.), and RapidPurge (U.S.). These players hold a strong global presence,are focusing on increasing the supply of superior quality purging compound to meet the growing demand from end-use industries in the Asia-Pacific and North American regions.

Note: Product cover images may vary from those shown
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  • 3M Company
  • Asahi Kasei Chemicals Corporation
  • Calsak Corporation
  • Chem-Trend
  • Clariant Ag
  • Claude Bamberger Molding Compounds Corporation
  • Daicel Corporation
  • Dow Chemical Company
  • Dyna-Purge
  • E. I. Du Pont De Nemours And Company
  • Elm Grove Industries, Llc
  • Formosa Plastics Corporation
  • Kuraray Co. Ltd.
  • Magna Purge
  • Polyplast Muller Gmbh
  • Purge Right 131
  • Purgex
  • Rapidpurge
  • Rbm Polymers
  • Reedy Chemical Foam & Specialty Additives
  • Slide Products, Inc.
  • Ultra Plast Asia Co., Ltd
  • Ultra System Sa
  • Velox Ghmbh
  • Z Clean
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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