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Purging Compound Market Share - Industry Size, Growth Report 2024 | DuPont, 3M, Clariant, The Dow Chemical Company, Formosa Plastics Group, Ultra Clean Technology, Kuraray America, Inc., Chem-Trend, VELOX, An IMCD company
Purging Compound Market
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Automotive industry accounts for over 20% of the industry share in 2016. Automotive industry expansion along with rapidly increasing polymer usage across the various products has positively influenced demand.
Effective plastic resin & contamination removal particularly in complicated machinery parts coupled with improved quality & safety are among key factors driving product penetration. Optimum machinery maintenance along with prevention from material mixture during feedstock replacement will support industry demand.
Electronics segment accounted nearly 10% of the global demand in 2016. Increasing R&D spending along with technological advancements to improve machinery efficiency will drive industry growth. Growing number of manufacturing facilities in China, India and Brazil are key factors stimulating demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Asahi Kasei Plastics North America, Inc.
2. VELOX, An IMCD company
3. Dyna-Purge
4. Chem-Trend
5. DuPont
6. 3M
7. Purgex Purging Compounds | Neutrex, Inc.
8. Magna.
9. RapidPurge
10. REEDY Chemical Foam & Specialty Additives
11. Calsak Plastics
12. Formosa Plastics Group
13. The Dow Chemical Company
14. Daicel America Holdings, Inc.
15. Kuraray America, Inc.
16. Clariant
17. Ultra Clean Technology
18. Polyplast
19. Slide Products Inc.
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Automotive will generate more than USD 120 million in revenue by 2024. Widespread adoption of lightweight and sustainable plastic materials in the form of equipment, films and fasteners components will propel global purging compound market growth. Numerous automakers are undertaking steps to accommodate increasing senior driver population by including safety features. These safety features include enhanced safety belt designs using plastics and reduced package space.
Global Purging Compound Market, By Process
• Extrusion
• Injection molding
• Blow molding
Global Purging Compound Market, By Product
• Mechanical purging
• Chemical purging/ foaming purging
Global Purging Compound Market, By Form
• Liquid
• Powder
• Granules
Global Purging Compound Market, By End-Use
• Automotive
• Healthcare
• Consumer goods
• Electronics
• Packaging
• Custom molding
Browse key industry insights spread across 350 pages with 299 market data tables & 12 figures & charts from the report, “Global Purging Compound Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/purging-compound-market
North America will register a grow over 7.5% up to 2024. This growth is mainly accredited to the large base of plastic processing units in the region. Growing demand for plastics processing equipment will support product penetration.
Global purging compound market is fragmented with large presence of manufacturers and distributors across the globe. These companies have implemented numerous growth strategies including product launches, mergers & acquisitions, partnerships, joint ventures, innovation and technological developments to strengthen market foothold. Some of the key players are VELOX GmbH, Asahi Kasei Corporation, Dyna-Purge, E. I. Du Pont de Nemours and Chem-Trend LP.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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