Purging Compound Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Type (Mechanical Purge, Chemical Purge, and Liquid Purge), Process (Injection Molding, Extrusion, Blow Molding, and Other Processes), Application (Automotive, Construction, Industrial Machinery, Polymers, Thermoplastic Processing, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Purging Compound Industry Overview

Purging Compound Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 6 %

Major Players

Purging Compound Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Purging Compound Market Analysis

The market is expected to register a CAGR of 6% during the forecast period. One of the main factors driving the market is the increasing demand from the thermoplastic processing industry in the global market. However, volatile prices of purging compounds are expected to hinder the growth of the market studied.

The increasing demand for purging compounds as cleaning chemicals in industrial machines is likely to act as an opportunity for the market to study in the future.

By application, the demand for purging compounds in thermoplastic processing is expected to increase during the forecast period.

The Asia-Pacific region is expected to dominate the market with the largest consumption from countries, such as China and India.

Purging Compound Industry Segments

The report on purging compound market includes:

Type
Mechanical Purge
Chemical Purge
Liquid Purge
Process
Injection Molding
Extrusion
Blow Molding
Other Processes
Application
Automotive
Construction
Industrial machinery
Polymers
Thermoplastic Processing
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Purging Compound Market Trends

This section covers the major market trends shaping the Purging Compound Market according to our research experts:

Increasing Demand of Purging Compound from Thermoplastic Processing Industry in Global Market

  • Commercial purging compound is a product specifically manufactured to clean thermoplastics molding machines and extruders. It usually contains a base resin, and different added substances expected to clean the screw, barrel, and extruder die.
  • The utilization of purging compounds has become a necessary piece of thermoplastics processing in the growing competitive environment. Efficient production and decrement in cost is a significant standard for plastics processors.
  • The thermoplastics market is expected to register substantial growth during the forecast period. The demand is increasing capacity in downstream processing and applications in the automotive industry. 
  • Owing to the -aforementioned factors, the application of purging compounds from the thermoplastic industry is expected to dominate during the forecast period.
Purging Compound Market, Revenue (%), by Application, Global, 2019

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the global market, owing to the increasing demand from the developing nations, including China and India. The region is a manufacturing hub for polymers and thermoplastics. This factor is a propelling factor for the increasing demand for purging compounds in the region.
  • The largest producers of purging compounds are based in the Asia-Pacific region. Some of the leading companies in the production of purging compounds are Calsak Corporation, RapidPurge, 3M, Kuraray Co. Ltd, and Dyna-Purge, among others.
  • The rapid industrialization in the Asia-Pacific region is contributing to the expansion of several industries, including the food and beverage, construction, automotive, petrochemicals, and chemical industries. These composites are gradually used by these industries to decrease the downtime and expand the manufacturing efficiency.
  • China, Japan, and India are the major players in this region, due to the extensive use and consumption of purging compounds in plastic processing industry. 
  • Owing to the aforementioned factors, the market for purging compound in the Asia-Pacific region is projected to witness growth during the study period.
Purging Compound Market - Growth Rate by Region, 2020-2025

Purging Compound Market Competitor Analysis

The global purging compound market is partially consolidated in nature, with only a few major players dominating the market. Some of the major companies are Calsak Corporation, RapidPurge, 3M Company, Kuraray Co. Ltd, and Dyna-Purge, among others.

Purging Compound Market Top Players

  1. CALSAK CORPORATION

  2. 3M

  3. Kuraray Co. Ltd

  4. RapidPurge

  5. Dyna-Purge

*Disclaimer: Major Players sorted in no particular order

Purging Compound Market Concentration

Purging Compound Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand of Purging Compound from Thermoplastic Industry in Global Market

      2. 4.1.2 Growing Demand as Effective Removal Solutions to Control Corrosion in Chemical Industry

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Volatile Prices of Purging Compounds

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Mechanical Purge

      2. 5.1.2 Chemical Purge

      3. 5.1.3 Liquid Purge

    2. 5.2 Process

      1. 5.2.1 Injection Molding

      2. 5.2.2 Extrusion

      3. 5.2.3 Blow Molding

      4. 5.2.4 Other Processes

    3. 5.3 Application

      1. 5.3.1 Automotive

      2. 5.3.2 Construction

      3. 5.3.3 Industrial machinery

      4. 5.3.4 Polymers

      5. 5.3.5 Thermoplastic Processing

      6. 5.3.6 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Dow Chemical Company

      2. 6.4.2 Kuraray Co. Ltd

      3. 6.4.3 3M Company

      4. 6.4.4 BASF SE

      5. 6.4.5 RapidPurge

      6. 6.4.6 Daicel Corporation

      7. 6.4.7 VELOX GmbH (IMCD Group)

      8. 6.4.8 Calsak Corporation

      9. 6.4.9 ChemTrend LP

      10. 6.4.10 Dyna-Purge

      11. 6.4.11 Formosa Plastics Corporation

      12. 6.4.12 Ultra System SA

      13. 6.4.13 Purge Right

      14. 6.4.14 Clariant AG

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Demand of Cleaning Chemicals in Industrial Machines

    2. 7.2 Other Opportunities

**Subject to Availability
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Purging Compound Market Research FAQs

The Purging Compound Market is studied from 2018 - 2028.

The Purging Compound Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

CALSAK CORPORATION, 3M, Kuraray Co. Ltd, RapidPurge, Dyna-Purge are the major companies operating in Purging Compound Market.

Purging Compound Industry Reports

In-depth industry statistics and market share insights of the Purging Compound sector for 2020, 2021, and 2022. The Purging Compound research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Purging Compound report PDF.

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