Purging Compound Market Research Report- Forecast to 2023

Purging Compound Market Information- by Type (Mechanical Purge, Chemical Purge and Liquid Purge), by Process (Extrusion, Injection Molding and Blow Molding), by Applications (Automotive, Construction, Polymer, Industrial Machinery, and Others), Forecast till 2023

ID: MRFR/CnM/3275-HCR | February 2021 | Region: Global | 135 pages

Synopsis of Purging Compound Market:


Purging Compound is a product composed of base resin and additives which is designed for cleaning thermoplastic extruder and machines. It is also used for cleaning hot runner mold as well as color and material changes. The important trends and factors which are influencing the market positively are reduced downtime, less processing time and fewer scraps. Due to these characteristics, they are used in various applications such as automotive, construction, industrial machinery, and others.


As per our market survey, the Global Purging Compound Market is segmented into type, process and application. On the basis of type, the market is further sub-divided into mechanical purge, chemical purge and liquid purge. Among these, mechanical purge segment holds a major share in the market on account of their extensive use in automotive, construction and polymer industries. This segment is mainly known for fast removal of contaminants from the machinery equipment such as extruders and hoppers. Owing to these factors, mechanical purge segment is estimated to witness a higher CAGR during the forecast period. The growing demand from food and beverages industry has propelled the extrusion process segment to observe a rapid growth in the market. Moreover, the growth of injection molding segment is attributed to the boundless use in plastic processing industry during the projected period, 2017-2023.


The Global Purging Compound Market Share by Application: Purging Compound Market


Regional Analysis:


The Global Purging Compound Market is segregated into five crucial regions of the world namely Asia Pacific, North America, Europe, Latin America and the Middle East & Africa. Among these, North America holds a major portion of the market due to endless consumption of purging compounds in automotive, construction, polymer industries, and others. Owing to these factors, countries such as U.S.A., Canada and Mexico are projected to be the major players during the forecast period.


The Asia Pacific region is estimated to witness a higher CAGR due to the growing use of extrusion and injection molding processes in automotive, construction, and industrial machinery. China, Japan and India are the major players in this region due to extensive use and consumption of purging compounds in plastic processing industry. A surge in demand is predicted in the industrial machinery segment due to growing investment and manufacturers in the major end use industries.


A notable growth is observed in the European region due to increasing demand of Purging Compounds in the end use industries such as construction, automotive, polymer, industrial machinery and aviation sectors. It is estimated that mechanical surge segment is projected to lead the market in this region due to its growing consumption of Purging Compounds in heavy industries. Owing to these factors, Germany, the U.K. and Italy are projected to be the major contributors to the market during the forecast period. The Middle East & Africa is predicted to witness a significant growth in the market due to growing use of Purging Compounds in oil & gas, and petrochemical industries. Moreover, it is estimated that the growing consumption of Purging Compounds in automotive and construction sectors has propelled the Latin American region to witness a rapid growth in the market during the forecast period.


Segmentation:


The Global Purging Compound Market is segregated into type, process and application. On the basis of type, the market is further categorized into mechanical purge, chemical purge and liquid purge. Among these, mechanical surge segment holds a major share in the market owing to growing demand of purging in major industries such as polymers, automotive, construction, and others. By process, the market is further differentiated into extrusion, injection molding and blow molding. Of these, extrusion and injection molding are the widely used processes in heavy end industries due to its exceptional features such as short processing time, efficiency, durability and versatile nature. Automotive, construction, polymer, industrial machinery, and others are the classifications of applications segment. It is projected that the automotive segment is set to expand at a higher rate due to exceptional features offered by Purging Compounds such as reduction of scrap and carbon contaminants from the heavy machineries.


Key Players:


Some of the prominent players operating in the Global Purging Compound Market are The 3M Company (U.S.A), The Dow Chemical Company (U.S.A), Kuraray Co., Ltd. (Japan), RapidPurge (U.S.A), CALSAK Corporation (U.S.A), VELOX GmbH (Germany), Daicel Corporation (Japan), Chem-Trend (China), BASF SE( Germany),among others.


Geographical Analysis:


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience



  • Purging Compound Manufacturers

  • Traders and Distributors of Purging Compound

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory



Frequently Asked Questions (FAQ) :


Low processing time and reduced downtime are major drivers of the Global Purging Compound Market.

By ‘type’, mechanical purge can dominate in the global purging compound market due to use in polymer, construction, and automotive sectors.

By ‘process’, injection molding can showcase the fastest growth due to applications in plastic processing in the Global Purging Compound Market.

The 3M Company, The Dow Chemical Company, VELOX GmbH, Kuraray Co., Ltd., Daicel Corporation, RapidPurge, CALSAK Corporation, BASF SE, and Chem-Trend are prominent players of the global purging compound market.

Table of Contents:

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Purging compound Market

5 Industry Overview of Global Purging compound Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Purging compound Market by Type

7.1 Introduction

7.2 Mechanical purge

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast by Region, 2017-2023

7.3 Chemical purge

7.3.1 Market Estimates & Forecast, 2017-2023

7.3.2 Market Estimates & Forecast by Region, 2017-2023

7.4 Liquid purge

7.4.1 Market Estimates & Forecast, 2017-2023

7.4.2 Market Estimates & Forecast by Region, 2017-2023

8. Global Purging compound Market by Process

8.1 Introduction

8.2 Extrusion

8.2.1 Market Estimates & Forecast, 2017-2023

8.2.2 Market Estimates & Forecast by Region, 2017-2023

8.3 Injection molding

8.3.1 Market Estimates & Forecast, 2017-2023

8.3.2 Market Estimates & Forecast by Region, 2017-2023

8.4 Blow molding

8.3.1 Market Estimates & Forecast, 2017-2023

8.3.2 Market Estimates & Forecast by Region, 2017-2023

9. Global Purging compound Market by Application

9.1 Introduction

9.2 Automotive

9.2.1 Market Estimates & Forecast, 2017-2023

9.2.2 Market Estimates & Forecast by Region, 2017-2023

9.3 Construction

9.3.1 Market Estimates & Forecast, 2017-2023

9.3.2 Market Estimates & Forecast by Region, 2017-2023

9.4 Polymer

9.4.1 Market Estimates & Forecast, 2017-2023

9.4.2 Market Estimates & Forecast by Region, 2017-2023

9.5 Industrial Machinery

9.5.1 Market Estimates & Forecast, 2017-2023

9.5.2 Market Estimates & Forecast by Region, 2017-2023

9.6 Others

9.7.1 Market Estimates & Forecast, 2017-2023

9.7.2 Market Estimates & Forecast by Region, 2017-2023

10. Global Purging compound Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, 2016-2023

10.2.2 Market Estimates & Forecast by Type, 2016-2023

10.2.3 Market Estimates & Forecast by Application, 2016-2023

10.2.4 Market Estimates & Forecast by Process, 2016-2023

10.2.5 US

10.2.5.1 Market Estimates & Forecast, 2016-2023

10.2.5.2 Market Estimates & Forecast by Type, 2016-2023

10.2.5.3 Market Estimates & Forecast by Application, 2016-2023

10.2.5.4 Market Estimates & Forecast by Process, 2016-2023

10.2.6 Canada

10.2.6.1 Market Estimates & Forecast, 2016-2023

10.2.6.2 Market Estimates & Forecast by Type, 2016-2023

10.2.6.3 Market Estimates & Forecast by Application, 2016-2023

10.2.6.4 Market Estimates & Forecast by Process, 2016-2023

10.2.7 Mexico

10.2.7.1 Market Estimates & Forecast, 2017-2023

10.2.7.2 Market Estimates & Forecast by Type, 2017-2023

10.2.7.3 Market Estimates & Forecast by Application, 2017-2023

10.2.7.4 Market Estimates & Forecast by Process, 2017-2023

10.3 Europe

10.3.1 Market Estimates & Forecast, 2016-2023

10.3.2 Market Estimates & Forecast by Type, 2016-2023

10.3.3 Market Estimates & Forecast by Application, 2016-2023

10.3.4 Market Estimates & Forecast by Process, 2016-2023

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, 2016-2023

10.3.5.2 Market Estimates & Forecast by Type, 2016-2023

10.3.5.3 Market Estimates & Forecast by Application, 2016-2023

10.3.5.4 Market Estimates & Forecast by Process, 2016-2023

10.3.6. France

10.3.6.1 Market Estimates & Forecast, 2016-2023

10.3.6.2 Market Estimates & Forecast by Type, 2016-2023

10.3.6.3 Market Estimates & Forecast by Application, 2016-2023

10.3.6.4 Market Estimates & Forecast by Process, 2016-2023

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, 2017-2023

10.3.7.2 Market Estimates & Forecast by Type, 2017-2023

10.3.7.3 Market Estimates & Forecast by Application, 2017-2023

10.3.7.4 Market Estimates & Forecast by Process, 2017-2023

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast, 2016-2023

10.3.8.2 Market Estimates & Forecast by Type, 2016-2023

10.3.8.3 Market Estimates & Forecast by Application, 2016-2023

10.3.8.4 Market Estimates & Forecast by Process, 2016-2023

10.3.9 UK

10.3.9.1 Market Estimates & Forecast, 2016-2023

10.3.9.2 Market Estimates & Forecast by Type, 2016-2023

10.3.9.3 Market Estimates & Forecast by Application, 2016-2023

10.3.9.4 Market Estimates & Forecast by Process, 2016-2023

10.4 Asia Pacific

10.4.1 Market Estimates & Forecast, 2016-2023

10.4.2 Market Estimates & Forecast by Type, 2016-2023

10.4.3 Market Estimates & Forecast by Application, 2016-2023

10.4.4 Market Estimates & Forecast by Process, 2016-2023

10.4.5 China

10.4.5.1 Market Estimates & Forecast, 2016-2023

10.4.5.2 Market Estimates & Forecast by Type, 2016-2023

10.4.5.3 Market Estimates & Forecast by Application, 2016-2023

10.4.5.3 Market Estimates & Forecast by Process, 2016-2023

10.4.6 India

10.4.6.1 Market Estimates & Forecast, 2016-2023

10.4.6.2 Market Estimates & Forecast by Type, 2016-2023

10.4.6.3 Market Estimates & Forecast by Application, 2016-2023

10.4.6.4 Market Estimates & Forecast by Process, 2016-2023

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, 2016-2023

10.4.7.2 Market Estimates & Forecast by Type, 2016-2023

10.4.5.3 Market Estimates & Forecast by Application, 2016-2023

10.4.5.4 Market Estimates & Forecast by Process, 2016-2023

10.4.8 Australia

10.4.8.1 Market Estimates & Forecast, 2016-2023

10.4.8.2 Market Estimates & Forecast by Type, 2016-2023

10.4.8.3 Market Estimates & Forecast by Application, 2016-2023

10.4.8.4 Market Estimates & Forecast by Process, 2016-2023

10.4.9 New Zealand

10.4.9.1 Market Estimates & Forecast, 2016-2023

10.4.9.2 Market Estimates & Forecast by Type, 2016-2023

10.4.9.3 Market Estimates & Forecast by Application, 2016-2023

10.4.9.4 Market Estimates & Forecast by Process, 2016-2023

10.4.10 Rest of Asia Pacific

10.4.10.1 Market Estimates & Forecast, 2016-2023

10.4.10.2 Market Estimates & Forecast by Type, 2016-2023

10.4.10.3 Market Estimates & Forecast by Application, 2016-2023

10.4.10.4 Market Estimates & Forecast by Process, 2016-2023

10.5 Middle East & Africa

10.5.1 Market Estimates & Forecast, 2016-2023

10.5.2 Market Estimates & Forecast by Type, 2016-2023

10.5.3 Market Estimates & Forecast by Application, 2016-2023

10.5.4 Market Estimates & Forecast by Process, 2016-2023

10.5.4 Turkey

10.5.4.1 Market Estimates & Forecast, 2016-2023

10.5.4.2 Market Estimates & Forecast by Type, 2016-2023

10.5.4.3 Market Estimates & Forecast by Application, 2016-2023

10.5.4.4 Market Estimates & Forecast by Process, 2016-2023

10.5.5 Israel

10.5.5.1 Market Estimates & Forecast, 2016-2023

10.5.5.2 Market Estimates & Forecast by Type, 2016-2023

10.5.5.3 Market Estimates & Forecast by Application, 2016-2023

10.5.5.4 Market Estimates & Forecast by Process, 2016-2023

10.5.6 North Africa

10.5.6.1 Market Estimates & Forecast, 2016-2023

10.5.6.2 Market Estimates & Forecast by Type, 2016-2023

10.5.6.3 Market Estimates & Forecast by Application, 2016-2023

10.5.6.4 Market Estimates & Forecast by Process, 2016-2023

10.5.7 GCC

10.5.7.1 Market Estimates & Forecast, 2016-2023

10.5.7.2 Market Estimates & Forecast by Type, 2016-2023

10.5.7.3 Market Estimates & Forecast by Application, 2016-2023

10.5.7.4 Market Estimates & Forecast by Process, 2016-2023

10.5.8 Rest of Middle East & Africa

10.5.8.1 Market Estimates & Forecast, 2016-2023

10.5.8.2 Market Estimates & Forecast by Type, 2016-2023

10.5.8.3 Market Estimates & Forecast by Application, 2016-2023

10.5.8.4 Market Estimates & Forecast by Process, 2016-2023

10.6 Latin America

10.6.1 Market Estimates & Forecast, 2016-2023

10.6.2 Market Estimates & Forecast by Type, 2016-2023

10.6.3 Market Estimates & Forecast by Application, 2016-2023

10.6.4 Market Estimates & Forecast by Process, 2016-2023

10.6.4 Brazil

10.6.4.1 Market Estimates & Forecast, 2016-2023

10.6.4.2 Market Estimates & Forecast by Type, 2016-2023

10.6.4.3 Market Estimates & Forecast by Application, 2016-2023

10.6.4.4 Market Estimates & Forecast by Process, 2016-2023

10.6.5 Argentina

10.6.5.1 Market Estimates & Forecast, 2016-2023

10.6.5.2 Market Estimates & Forecast by Type, 2016-2023

10.6.5.3 Market Estimates & Forecast by Application, 2016-2023

10.6.5.4 Market Estimates & Forecast by Process, 2016-2023

10.6.6 Rest of Latin America

10.6.6.1 Market Estimates & Forecast, 2016-2023

10.6.6.2 Market Estimates & Forecast by Type, 2016-2023

10.6.6.3 Market Estimates & Forecast by Application, 2016-2023

10.6.6.4 Market Estimates & Forecast by Process, 2016-2023

11. Company Landscape

12. Company Profiles

12.1 The 3M Company

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 The Dow Chemical Company

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Kuraray Co., Ltd.

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 RapidPurge

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 CALSAK Corporation

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 VELOX GmbH

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 Daicel Corporation

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Chem-Trend

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 BASF SE

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

13 Conclusion
List of Tables:

Table 1 World Population by Major Regions (2016 To 2030)

Table 2 Global Purging compound Market: By Region, 2016-2023

Table 3 North America Purging compound Market: By Country, 2016-2023

Table 4 Europe Purging compound Market: By Country, 2016-2023

Table 5 Asia-Pacific Purging compound Market: By Country, 2016-2023

Table 6 Middle East & Africa Purging compound Market: By Country, 2016-2023

Table 7 Latin America Purging compound Market: By Country, 2016-2023

Table 8 Global Purging compound by Type Market: By Regions, 2016-2023

Table 9 North America Purging compound by Type Market: By Country, 2016-2023

Table10 Europe Purging compound by Type Market: By Country, 2016-2023

Table11 Asia-Pacific Purging compound by Type Market: By Country, 2016-2023

Table12 Middle East & Africa Purging compound by Type Market: By Country, 2016-2023

Table13 Latin America Purging compound by Type Market: By Country, 2016-2023

Table14 Global Purging compound by Application Market: By Regions, 2016-2023

Table15 North America Purging compound by Application Market: By Country, 2016-2023

Table16 Europe Purging compound by Application Market: By Country, 2016-2023

Table17 Asia-Pacific Purging compound by Application Market: By Country, 2016-2023

Table18 Middle East & Africa Purging compound by Application Market: By Country, 2016-2023

Table19 Latin America Purging compound by Application Market: By Country, 2016-2023

Table20 North America Purging compound for Process Market: By Country, 2016-2023

Table21 Europe Purging compound for Process Market: By Country, 2016-2023

Table22 Asia-Pacific Purging compound for Process Market: By Country, 2016-2023

Table23 Middle East & Africa Purging compound for Process Market: By Country, 2016-2023

Table24 Latin America Purging compound for Process Market: By Country, 2016-2023

Table25 Global Type Market: By Region, 2016-2023

Table26 Global Process Market: By Region, 2016-2023

Table27 Global Process Market: By Region, 2016-2023

Table28 North America Purging compound Market, By Country

Table29 North America Purging compound Market, By Type

Table30 North America Purging compound Market, By Application

Table31 North America Purging compound Market, By Process

Table32 Europe: Purging compound Market, By Country

Table33 Europe: Purging compound Market, By Type

Table34 Europe: Purging compound Market, By Application

Table35 Europe: Purging compound Market, By Process

Table36 Asia-Pacific: Purging compound Market, By Country

Table37 Asia-Pacific: Purging compound Market, By Type

Table38 Asia-Pacific: Purging compound Market, By Application

Table39 Asia-Pacific: Purging compound Market, By Process

Table40 Middle East & Africa: Purging compound Market, By Country

Table41 Middle East & Africa Purging compound Market, By Type

Table42 Middle East & Africa Purging compound Market, By Application

Table43 Middle East & Africa: Purging compound Market, By Process

Table44 Latin America: Purging compound Market, By Country

Table45 Latin America Purging compound Market, By Type

Table46 Latin America Purging compound Market, By Application

Table47 Latin America: Purging compound Market, By Process
List of Figures:

FIGURE 1 Global Purging compound market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Purging compound Market

FIGURE 4 Value Chain of Global Purging compound Market

FIGURE 5 Share of Global Purging compound Market in 2016, by country (in %)

FIGURE 6 Global Purging compound Market, 2016-2023,

FIGURE 7 Sub segments of Type

FIGURE 8 Global Purging compound Market size by Type, 2016

FIGURE 9 Share of Global Purging compound Market by Type, 2016 to 2023

FIGURE 10 Global Purging compound Market size by Application, 2016

FIGURE 11 Share of Global Purging compound Market by Application, 2016 to 2023

FIGURE 12 Global Purging compound Market size by Process, 2016

FIGURE 13 Share of Global Purging compound Market by Process, 2016 to 2023