The global Purging Compounds market was valued at US$ 484.3 million in 2019 and it is expected to reach US$ 660.2 million by the end of 2026, growing at a CAGR of 6.0% during 2021-2026.
Purging compounds are chemical cleaning compounds that contain certain resins and additives in their formulation. They are widely used with various polyolefins such as thermoplastic olefin (TPO), polypropylene (PP), and polyethylene (PE); high temperature resins such as polysulfones (PSU) and polyether ether ketone (PEEK); and engineered resins such as high impact poly styrene (HIPS) and polyamide (PA). Purging compounds are extensively employed to clean extruder lines and molder machines.
The Purging Compounds industry concentration is not high; there are several hundreds of manufacturers in the world with their leading company’s market share standing at slightly over 10% and most others’ no more than 1%. The market of Asia-Pacific, North America and Europe will play a decisive role in the future of this industry. Asia-Pacific have a larger consumption market share in 2020 which account for less than 40% of volume share and will witness a stable growth in following years. North America and Europe holding a market value share of around 30% and 25% respectively will still play an important role which cannot be ignored. Mechanical Purging is the dominate type in this industry with a market share of over a half.
Global Purging Compounds Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Purging Compounds Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Asahi Kasei, Chem-Trend, Shuman Plastics, Polyplast Müller, Daicel, PurgeMax, Clariant, Purgex, Rapidpurge, Ultra System, Dow, Uniform Color Compa Saint-Gobain and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-purging-compounds-market-research-report
Segment by Type
- Mechanical Purging Compounds
- Chemical or Foaming Purging Compounds
- Liquid Purging Compounds
Segment by Application
- Extrusion Process
- Injection Molding Process
- Blow Molding Process
Table of Content:
1 Purging Compounds Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Purging Compounds Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Purging Compounds Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
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