Purging Compounds Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Purging Compounds Market: By Type (Mechanical Purging, Chemical/Foaming Purging, Liquid Purging), By Process (Extrusion, Injection Molding, Blow Molding), Application (Automotive, Medical, Construction, Polymer (Engineering Polymer), Industrial Machinery, Packaging, Others) and Geography

 

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Report

Description

Purging Compounds market is estimated to be valued at USD 64,376.3 million in 2021 and is poised to grow at a significant CAGR of 8.5% over 2022-2028. Commercial cleaning chemicals used to clean thermoplastic molding machines and extruders are known as purging compounds. It’s made up of a basic resin as well as various additives that clean the screw, barrel, and extruder die. Purging chemical is also used to clean hot runner molds, remove color, and carbon deposits, and make color and material modifications. Based on type the mechanical purging segment holds the highest revenue market share in the global purging compounds market owing to ease of use and fast operation as there is no chemical reaction and no soak time needed to purge the molding machine. Efficient removal of polymer deposits by utilizing high viscosity plastics from screws and barrels will enhance the product demand. Moreover, market players are focusing on launching a new product to maintain growth in the market. For instance, In February 2018, the Asaclean-Sun Plastech, Inc., the US-based chemical product manufacturer launched its next-generation UF2 purging compound at NPE 2018. This compound is ideal for cast film, blown film, and injection molding applications. Growing automotive production in India to drive the demand for purging compounds. Increasing demand from thermoplastic application, rise in production capacity to cater to unmet needs of the market, grow in awareness about benefits of purging compounds are the key features driving the purging compound market demand. Eliminating degraded residues, un-melted resins, foreign contaminants, true gels, moisture, un-dispersed additives & modifiers, and air bubbles from machine barrels are among the key features driving the purging compound market demand.

 

Recent Market Developments:

In 2020, GC MARKETING SOLUTIONS launched a high-performance purging compound grade, X PURGE PX319, with high cleaning efficiency together with a low-smoke and low-smell performance. It is suitable to work in a cleanroom or use a hygienic production line. This product launch will enhance their product portfolio and better cater to the growing market’s needs.

In 2018, Chem-Trend introduced Ultra Purge C6090, a new, cutting-edge thermoplastics purging compound product for use in the automotive industry in the manufacturing process of the automotive headlamp and rear-lamp lenses.

Purging Compounds Market

MARKET SUMMARY
-
8.5%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 8.5%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Europe

Purging Compounds Market

  • The purging compounds market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The purging compounds market is segmented based on type, Process, Application, and geography.
Key Players
  • Sun Plastech, Inc.
  • Plastixs LLC.
  • Ultra-Purge
  • PCS company
  • Uniform Color Company
Purging Compounds Market

Dynamics

Most thermoplastic manufacturers use a purging compound to clean the screws, nozzles, mold, hot runners, and die of injection molding machines and extruders. These compounds were designed to reduce machine downtime and scrap rates during material or color changes as an alternative to purging with virgin resin. All automobile industry vendors, including purging compounds, are high standards. After all, a high-performance purging compound will result in higher-quality injection-molded and extruded components while also reducing production changeover times and scrap / reject rates. Thus, the purging compounds demand increases the capacity of downstream processing and applications in the automotive industry.


North-America Got Significant Share

Purging Compounds Market

North America accounted to have a significant share in the global purging compound market followed by Europe and the market is expected to grow at a significant CAGR over the forecast years due to rising demand for purging chemicals in countries including the United States, Canada, and Mexico. The North American purging compound market is likely to be driven by an increase in demand due to their remarkable qualities from end-use industries in the area.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Purging Compounds Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The Purging Compounds Market is projected to expand at a CAGR of 6.2% during the forecast period.

Sun Plastech, Inc., Plastixs LLC., Ultra-Purge, PCS company, Easypurge, Wellsplastics

Europe is the fastest-growing region for Purging Compounds Market


Report

Company Profile

  • Asahi Kasei Corporation (Japan)
  • Chem-Trend (China)
  • Purgex (U.S.)
  • Dyna-Purge (U.S.)
  • 3M Company (U.S.)
  • Clariant AG (Switzerland)
  • VELOX GmbH (Germany)
  • 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.)

Description

Purging Compounds market is estimated to be valued at USD 64,376.3 million in 2021 and is poised to grow at a significant CAGR of 8.5% over 2022-2028. Commercial cleaning chemicals used to clean thermoplastic molding machines and extruders are known as purging compounds. It’s made up of a basic resin as well as various additives that clean the screw, barrel, and extruder die. Purging chemical is also used to clean hot runner molds, remove color, and carbon deposits, and make color and material modifications. Based on type the mechanical purging segment holds the highest revenue market share in the global purging compounds market owing to ease of use and fast operation as there is no chemical reaction and no soak time needed to purge the molding machine. Efficient removal of polymer deposits by utilizing high viscosity plastics from screws and barrels will enhance the product demand. Moreover, market players are focusing on launching a new product to maintain growth in the market. For instance, In February 2018, the Asaclean-Sun Plastech, Inc., the US-based chemical product manufacturer launched its next-generation UF2 purging compound at NPE 2018. This compound is ideal for cast film, blown film, and injection molding applications. Growing automotive production in India to drive the demand for purging compounds. Increasing demand from thermoplastic application, rise in production capacity to cater to unmet needs of the market, grow in awareness about benefits of purging compounds are the key features driving the purging compound market demand. Eliminating degraded residues, un-melted resins, foreign contaminants, true gels, moisture, un-dispersed additives & modifiers, and air bubbles from machine barrels are among the key features driving the purging compound market demand.

 

Recent Market Developments:

In 2020, GC MARKETING SOLUTIONS launched a high-performance purging compound grade, X PURGE PX319, with high cleaning efficiency together with a low-smoke and low-smell performance. It is suitable to work in a cleanroom or use a hygienic production line. This product launch will enhance their product portfolio and better cater to the growing market’s needs.

In 2018, Chem-Trend introduced Ultra Purge C6090, a new, cutting-edge thermoplastics purging compound product for use in the automotive industry in the manufacturing process of the automotive headlamp and rear-lamp lenses.

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