Press release
Asia Pacific Purging Compound Market is anticipated to grow at a rate over 7% from 2017 to 2024 | |By key players VELOX GmbH, Dyna-Purge, Chem-Trend LP, 3M, Purgex, Magna Purge, RapidPurge
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Companies covered:
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
Global Purging Compound Market, By Process
• Extrusion
• Injection molding
• Blow molding
•
Global Purging Compound Industry, By Product
• Mechanical purging
• Chemical purging/ foaming purging
•
Global Purging Compound Industry, By Form
• Liquid
• Powder
• Granules
•
Global Purging Compound Industry, By End-Use
• Automotive
• Healthcare
• Consumer goods
• Electronics
• Packaging
• Custom molding
Granules form experienced consumption of more than 6 kilotons in 2016. This can be attributed to growing need to remove unwanted buildup of carbon from plastic extrusion machines. In addition, the method for the treatment of various chemicals present in granular structure of ultra-high purity purges is extremely cost-effective. Widespread use of granular form in the production of specialized cleansing materials is anticipated to fuel the product demand.
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Instability in raw material prices due to fluctuating crude oil prices may lightly impede the business growth. However, excellent product ability to minimize machine downtime, reduce raw material wastage, and cut cleaning costs will augment purging compound market share. Moreover, positive application outlook in removal of degraded residues, un-melted resins, un-dispersed additives & modifiers, air bubbles, moisture, and other contaminants from machine barrels will present favorable opportunities to purging compound manufacturers.
Based on product, the industry share is bifurcated into mechanical and chemical purging. Mechanical purging compound market size is projected to cross US$400 million by 2024. This can be attributed to factors such as safety and high product quality. Increasing utilization of high viscosity plastics for eliminating polymer from screws and barrels and the removal of plastic resins and contamination will propel the industry outlook.
Purging compound market share can be segmented into extrusion, injection molding, and blow molding according to process. Extrusion process segment will record a healthy 6.5% CAGR during the forecast timeframe. The process is prominently used in the processing of comprehensive thermoplastics such as GPPS, PP, PA, PC, and ABS. Factors such as easy and efficient carbon removal and faster color and material changes will drive the segmental growth.
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