Puja Gaikwad
Purging compounds are employed to purge/flush thermoplastics residual from molds and production equipment. They help remove any contamination left behind by the previous material, colorant, or regrind. This prevents defects and off-colors in the subsequent parts. Purging compounds find key applications in removing residual polymers from injection molding machines, extruders and blow molding equipment in the plastics and polymer industries.
- The purging compound market is estimated to be valued at US$ 596.5 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
- Market Dynamics:
- The purging compound market is primarily driven by the increasing demand from the plastics processing industry. Plastics industry has been witnessing significant growth over the past few years owing to rising applications in automotive, packaging, construction and consumer goods industries. Purging compounds help improve the productivity and efficiency of plastics processing equipment by facilitating smooth transition between material changes, thereby increasing production output. Additionally, strict quality control regulations regarding purity levels in end-use parts is further fueling the adoption of purging compounds among manufacturers. Development of bio-based purging compounds to replace conventional solvent-based variants is expected to present lucrative growth opportunities for purging compound vendors over the forecast period.
- SWOT Analysis
- Strength: Purging compound has high plasticizing ability, good flow properties, and can be easily removed from the system. It helps remove leftover materials from injection molding or extrusion machines quickly and efficiently. Purging compounds are available in pellet, powder, and liquid form for different purging needs. They leave minimal residue and contamination behind.
- Weakness: Frequent purging increases production costs. Certain purging compounds contain hazardous chemicals that require safe handling and disposal. Improper purging can also damage injection molds over time.
- Opportunity: Growing injection molding industry worldwide due to rising demand from packaging and automotive industries offers huge market opportunity. Development of bio-based purging compounds using renewable resources can open new growth avenues.
- Threats: Availability of alternative purging methods like mechanical cleaning poses competition. stringent environmental regulations on usage of certain purging agents limits their applications.
- Key Takeaways
- The global purging compound market is expected to witness high growth, exhibiting CAGR of 5.6% over the forecast period, due to increasing demand from the plastics processing industry. Purging compounds help improve productivity and product quality in various plastics manufacturing processes.
- Regional analysis
- Asia Pacific dominates the global market and is expected to maintain its leading position during the forecast period, growing at a CAGR of over 6%. Expanding manufacturing sector, along with rising injection molding and extrusion activities in countries like China, India, Indonesia, and Vietnam, drives the regional market. North America and Europe hold significant shares as well, due to their large processing industries.
- Key players
- Key players operating in the purging compound market are Asahi Kasei Corporation, Clariant A.G., CALSAK Corporation, Daicel Corporation, DowDuPont Inc., Formosa Plastics Corporation, Kuraray Co., Ltd., Chem-Trend L.P., Polyplast Muller GmbH, and Claude Bamberger Molding Compounds Corporation. The market is moderately consolidated and competitive.
0
Puja Gaikwad
Related Articles
The global Purging Compound Market is estimated to be valued at US$ 450. B) Market Key Trends: One key trend in the purging compound market is the increasing demand in the automotive industry. D) Key Takeaways: - The Global Purging Compound Market Demand is expected to witness high growth, exhibiting a CAGR of 5. - In terms of regional analysis, Asia Pacific is expected to be the fastest-growing and dominating region in the purging compound market. In conclusion, the global purging compound market is witnessing significant growth, primarily driven by the automotive and packaging industries.
0
Effective equipment maintenance is crucial for maximizing productivity in industrial operations. During equipment maintenance, Purging Compound is used to clean out residual materials from the system. By using purging compound, manufacturers can minimize the time required for equipment cleaning and changeovers. The compound's effective cleaning properties expedite the cleaning process, reducing downtime and maximizing production uptime. One critical aspect of achieving optimal performance is effective equipment cleaning.
0
Based on process, the purging compound market is segmented into extrusion, injection molding and blow molding. On the basis of form, the purging compound market is segmented into liquid, powder and granules. dbmr=purging-compound-market Market Analysis and Insights: Global Purging Compound MarketThe purging compound is a type of a plastic resin compound, which is used to clean primary plastic machinery such as extruders, hot runner machine and blow molding and injection molding machine. The above data points provided are only related to the companies’ focus related to purging compound market. com/reports/purging-compound-market MAJOR TOC OF THE REPORT· Chapter One: Introduction· Chapter Two: Market Segmentation· Chapter Three: Market Overview· Chapter Four: Executive Summary· Chapter Five: Premium Insights· Chapter Six: Global Purging Compound Market by Product & Procedure typeGet TOC Details: https://www.
0
It is wise to know about the necessity of using a purging compound rather than anything else to purge injection moulding or blow moulding machines. The best way out is to use purging material from reputed manufacturers. Let us see why it is wise to use the purging compound of reputed make. It can be said without a doubt that manual cleaning will not be as effective as cleaning using a purging compound. About the authorIf you desire to have the best quality purging compound for plastic and enjoy the above benefits, it is wise to contact UNICLEANPLUS.
0
The mechanical purge, chemical purge and liquid purge are the types of purging compound and they are known for reduced scraps, less processing time, efficiency, and durability nature. The Global Purging Compound Market has been driven by the growing consumption of mechanical and chemical purge in heavy end industries. Competitive Analysis:Some of the major players functioning in the Global Purging Compound Market are 3M Company (U. By type, the market is further segmented into mechanical purge, chemical purge and liquid purge. Segmental Analysis:The Global Purging Compound Market is spanned across five key regions of the world namely Asia Pacific, North America, Europe, Latin America and the Middle East & Africa.
0
, Formosa Plastics Corporation, Kuraray Co. , Polyplast Muller GmbH, and Claude Bamberger Molding Compounds Corporation Key Market Drivers: Increasing usage of plastics across packaging, automotive, and construction industries is driving growth of the purging compounds market. According to Coherent Market Insights’ analysis, global plastic packaging market was valued at US$ 300 billion in 2017 and is estimated to expand at a CAGR of 5. Additionally, various companies had shutdowns their manufacturing units which had an adverse impact on purging compounds market. 4 % over the forecast period owing to the increasing consumption of plastic packaging materials.
0
