Global Purging Compound Market is expected to reach USD XX Million by 2026 from USD 508.51 Million in 2019 at a CAGR of XX%.
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.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Purging Compound Market
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Mechanical purging, chemical/foaming purging and liquid purging are type segment of purging compound market. Chemical/foaming and liquid purging is largely used in industry.
Global Purging Compound Market Segment Analysis:
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.
Global Purging Compound Market Regional Analysis:
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 markets 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.
Global Purging Compound Market, Key Highlights:
• Global Purging Compound Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Purging Compound Market
• Global Purging Compound Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Purging Compound Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Purging Compound Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Purging Compound Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
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Purging Compound Market, by Type
• Chemical/Foaming Purging
• Mechanical Purging
• Liquid Purging
Purging Compound Market, by Process:
• Injection Molding
• Blow Molding
Purging Compound Market, by Geography
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Global Purging Compound Market, Key Players
• 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)
• Neutrex, Inc.
• Shuman Plastics, Inc.
• CALSAK CORPORATION
• Reedy Chemical Foam & Specialty Additives
• Daicel Corporation
• Magna Purge
• BASF SE
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