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Global Purging Compounds Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Purging Compounds Market was worth US$ 624.1 Mn and is expected to grow at a CAGR of 6.1% over the forecast period. While the historical CAGR is 5.7%, the market is expected to hit US$ 1,128.3 Mn by 2032 end.
Purging compound is used to clean plastic machinery, including injection molding, blow molding, and extruders. A base resin and additions are used to create resin compounds. In plastic production equipment, a purging combination is used to get rid of impurities and black specks or after changing the color of the resin.
A few polymers that require a purging agent are high-temperature resins like polysulfones and polyether ether ketone, designed resins like polyamide and polystyrene, and polyolefins like polyethylene and polypropylene. It enhances product quality and lessens downtime for thermoplastic molding and extrusion equipment. The time needed to clean the machine can be decreased with the proper application of purging substances.
Market Dynamic
PURGING COMPOUNDS AID IN IMPROVING PRODUCTIVITY, SAVES TIME AND MATERIAL
The use of purging compounds helps increase productivity, saves time and resources, lowers scrapes and screw pulls, and reduces machine wear and tear, all contributing to the growth of the worldwide purging compound market. Additionally, purging chemicals outperform traditional techniques like regrinding resin and flushing with the following resin.
Another important aspect driving demand for purging compounds is the ease with which these compounds enable the removal of carbon and color deposits from the product. The market for purging compounds is also growing due to the expanding use of plastics in numerous industries, including packaging, automotive, and construction.
THE HIGH PRODUCTION COST OF PURGING COMPOUNDS RETRAINS THE MARKET
One of the main factors impeding the growth of the global purging compound market is the high cost of producing purging compounds.
Market Segments Covered in Report
By Type:
By Process:
By Region and Country:
Segment-Wise Analysis
Why does Chemical purging compounds are increasingly utilized by plastic processing manufacturers?
Manufacturers of plastic processing equipment increasingly use chemical purging chemicals to lower production costs and guarantee the best equipment performance. Chemicals are used to dissolve the polymer residue that has built up in barrels, screws, and other machine parts.
Lowering the molecular weight and viscosity of polymers this aids in flushing them out of the machines on their own. Due to their high moldability rate, chemical purging compounds are generally selected since the scrap produced can frequently be used to remold parts.
Why is there a huge demand for extrusion process to manufacture products?
Products with cross-sectional or liner profiles, such as films, tubes, sheets, filaments, cords, coat wires, cables, rods, and profile shapes, are frequently made using the extrusion technique. Due to advantages including high production numbers, superior compounding, effective melting, and cost-effectiveness, manufacturers favor the extrusion method.
Region-Wise Analysis
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
Competition Analysis
To maintain their market position and expand their product offerings, the firms use various essential methods, including mergers and acquisitions, joint ventures, partnerships, and innovations.
The key developments in the Global Purging Compounds Market are:
A list of some of the key suppliers present in the market are:
Global Purging Compounds Market 2022-2032: Report Coverage and Highlights
| Research Scope | Details |
| Forecast period | 2022-2032 |
| Historical data available for | 2017-2021 |
| Market analysis | USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030 |
| Key regions covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
| Key countries covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
| Key segments covered | By Type, Process, and Region |
| Customization scope | Available upon Request |
| Pricing and purchase options | Available upon Request |
Market Size Data
Market Background
Pricing Analysis
Value Chain Analysis
Competition Analysis
Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 6.1%.
The use of purging compounds helps increase productivity, saves time and resources, lowers scrapes and screw pulls, and reduces machine wear and tear, all contributing to the growth of the worldwide purging compound market.
Key Global Purging Compounds Market players are The 3M Company, The Dow Chemical Company, Kuraray Co. Ltd, Rapid Purge, CALSAK Corporation, VELOX GmbH, Daicel Corporation, Chem-Trend, BASF SE.
One of the main factors impeding the growth of the global purging compound market is the high cost of producing purging compounds.
North America is expected to account for the largest market revenue share in the Global Purging Compounds Market.
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