Press release
What's riving the Purging Compound Market growth? | by Top Key Players: Asahi Kasei Corporation, VELOX GmbH, Dyna-Purge, Chem-Trend LP, 3M, Purgex, Magna Purge, RapidPurge
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Global Purging Compound Market, By Process
o Extrusion
o Injection molding
o Blow molding
Global Purging Compound Industry, By Product
o Mechanical purging
o Chemical purging/ foaming purging
Global Purging Compound Market, By Form
o Liquid
o Powder
o Granules
Global Purging Compound Industry, By End-Use
o Automotive
o Healthcare
o Consumer goods
o Electronics
o Packaging
o Custom molding
Frontrunners in the Purging Compound Industry:
Asahi Kasei Corporation, VELOX GmbH, Dyna-Purge, Chem-Trend LP, E. I. Du Pont de Nemours, 3M, Purgex, Magna Purge, RapidPurge, Reedy Chemical Foam & Specialty Additives, CALSAK Corporation, Formosa Plastics Corporation, The Dow Chemical Company, Daicel Corporation, Kuraray, Clariant AG, Ultra System SA, Polyplast Muller GmbH, Slide Products
Apart from APAC, North America has also been touted to be one of the most potential regions driving purging compound industry share. Reports claim North America purging compound market to have had a valuation of over USD 100 million in 2016, chiefly because of the high demand for plastics processing equipment in the region. On account of the growing use of commercial purging compounds, the regional industry players are focusing on design and development of products that would boost the productivity of plastic molding operations. For instance, in 2016, Dyna-Purge, a leading division of Shuman Plastics Inc., introduced a compound, dubbed as Dyna-Purge A, for effective polypropylene color transition. Reportedly, the innovative purging product combines key properties of both the chemical and mechanical purging systems that can prove beneficial in breaking down the color contamination and improving part quality.
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Speaking of the prominent companies expanding their reach in the global purging compound industry, Velox GmbH (Hamburg, Germany) is a major leader that has recently developed a new purging compound, CleanPlus Express, for extrusion lines. The compound helps accelerate material & color changes as well as flush out old deposits. Moreover, the compound is also used to enable trouble-free start-up and machinery shutdowns. The company in 2016, also introduced a new purging compound that can save as much as 50% of time and money compared to other purging products. These instances of product developments bear testimony to the fact that technological innovations spanning across the myriad application arenas is a vital factor impacting purging compound industry growth globally. In terms of commercialization, Global Market Insights, Inc., forecasts purging compound market to surpass a valuation of USD 600 million by 2024.
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