Global Purging Compounds Market Outlook 2022

Purging compounds are chemical cleaning compounds that contain certain resins and additives in their formulation. They are widely used with various polyolefins such as thermoplastic olefin (TPO), polypropylene (PP), and polyethylene (PE); high temperature resins such as polysulfones (PSU) and polyether ether ketone (PEEK); and engineered resins such as high impact poly styrene (HIPS) and polyamide (PA). Purging compounds are extensively employed to clean extruder lines and molder machines.
The Purging Compounds industry concentration is not high; there are several hundreds of manufacturers in the world with their leading company's market share standing at slightly over 10% and most others' no more than 1%. The market of Asia-Pacific, North America and Europe will play a decisive role in the future of this industry. Asia-Pacific have a larger consumption market share in 2020 which account for less than 40% of volume share and will witness a stable growth in following years. North America and Europe holding a market value share of around 30% and 25% respectively will still play an important role which cannot be ignored. Mechanical Purging is the dominate type in this industry with a market share of over a half.

Market Analysis and Insights: Global Purging Compounds Market
The global Purging Compounds market was valued at US$ 466.2 million in 2020 and it is expected to reach US$ 699.8 million by the end of 2027, growing at a CAGR of 6.0% during 2021-2027.

Global Purging Compounds Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Purging Compounds Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Mechanical Purging Compounds
Chemical or Foaming Purging Compounds
Liquid Purging Compounds

Segment by Application
Extrusion Process
Injection Molding Process
Blow Molding Process

By Company
Asahi Kasei
Chem-Trend
Shuman Plastics
Polyplast Müller
Daicel
PurgeMax
Clariant
Purgex
Rapidpurge
Ultra System
Dow
Uniform Color Company
Saint-Gobain

Production by Region
North America
Europe
China
Japan
Southeast Asia

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Frequently Asked Questions