Purging Compounds Market to Register Steady Expansion During 2017-2027

Global Purging Compounds Market: Introduction

Purging compounds are resins-based products used for thermoplastic processing applications. The plastic processing process has encountered a number of challenges including color changes, material changes, carbon deposition, and teardown, which significantly impacts the overall performance. Purging compounds are used to improve the operational efficiency of various polymer processing applications and reduce the machine downtime, raw material consumption and cost. Purging compounds are used to remove carbon deposition and scrap reduction in thermoplastic processors, screws, tools and other machine assemblies. The polymers that require the need for purging compounds are polyolefin, polypropylene, polyethylene and other high temperature resins. Purging compounds are used as mechanical or chemical agents. The chemical agents are regarded as more useful as compared to mechanical agents, as in some cases the later may affect the surface finish of the material/system. Purging compounds effectively remove the color, residue and other contaminants from an equipment.

Global Purging Compounds Market: Dynamics

Drivers

Purging compounds are regarded as an effective alternative as compared to the conventional low-performance high-cost resins. Unlike resins, purging compounds do not require specific temperature or any other technical constraints. The product is easy to use, economic and has been very efficient in scrap removal.

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When the resin is introduced in a molding machine, the barrel, screw, nozzle, mold and die must be free from contaminants or black specks. Purging compounds have led to reduction in material change, color change, and reduced defects such as black specks, which might cause the part to get rejected. The increasing concern to reduce the machine downtime, raw material wastage as well as lowering the cleaning costs have increased the demand for purging compounds, and driving the global purging compounds market.

Restraints

One of the major challenges faced by the global purging compounds market is the high cost associated with the use of these compounds. The use of purging compounds with resins increases the overall operational cost of the system, which is also a major challenge for its implementation across many sectors.

Trends

The global purging compounds market is a fragmented market with a number of local or regional players. Therefore, the manufacturers are particularly focusing on the manufacturing these compounds, as they leave minimum residue.

Global Purging Compounds Market: Segmentation

The global purging compounds market can be segmented based on form, type and region.

On the basis of type, the global purging compounds market can be segmented as:

Mechanical/physical means
Chemical

On the basis of form, the global purging compounds market can be segmented as:

Liquid
Pellets

On the basis of application, the global purging compounds market can be segmented as:

Injection molding
Extrusion
Blow molding
Others

On the basis of polymer type, the global purging compounds market can be segmented as:

Polyolefins
Polypropylene
Polyethylene
Others

Global Purging Compounds Market: Regional Outlook

The global market for purging compounds is expected to be dominated by the Asia Pacific region. This is attributed to the large base of polymer processing industries in the region. The rapid growth of industries, such as automotive, machinery, polymer and petrochemical, is also expected to drive the demand for purging compounds in Asia Pacific. North America and Europe are also projected to hold significant share in the global purging compounds market. Regions such as Latin America and the Middle East are estimated to remain low volume–high growth regions and are anticipated to expand significantly over the forecast period. This is attributed to the rising investments in the regions in various sectors, such as polymer processing, automotive, and petrochemicals, among others. Japan is projected to witness stagnant growth over the forecast period.

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Global Purging Compounds Market: Key Participants

Examples of some of the key participants identified across the value chain of the global purging compounds market are:

The Dow Chemical Company
Clariant AG
Asahi Kasei Corporation
Chem-Trend L.P.
Dyna-Purge
3M Company
Rapid Purge
Novanative Plastix solutions
Neutrex, Inc.

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This release was published on openPR.