Market Overview:
The global purging compounds market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for purging compounds in extrusion, injection molding, and blow molding processes across the globe. In addition, the growing demand for lightweight and fuel-efficient vehicles is also propelling the growth of the global purging compounds market. Chemical or foaming purging compounds are expected to grow at a higher CAGR duringthe forecast period owingto their abilitytoresolve problems such as entrapment and residue build-up in complex geometries.
Product Definition:
Purging compounds are used to remove air bubbles and other gas-forming contaminants from molten metal. They are also used as a fluxing agent to clean the surface of the metal, promote adhesion of the weld bead, and prevent oxidation.
Mechanical Purging Compounds:
Mechanical purging compounds are used in the electronics industry to clean various components such as capacitors, resistors, IC's and other integrated circuits. These compounds are also used for cleaning the soldering irons and PCB’s. The growing electronic component market is expected to drive the demand over the forecast period.
Chemical or Foaming Purging Compounds:
Chemical or foaming purging compounds are used in the manufacturing of various types of equipment that are used for processing, transportation and storage of hazardous chemicals. These compounds are also known as wetting agents or defoamers. Chemical purging compounds can be segmented into two categories such as non-ionic and anionic chemical agents. The most commonly used non-ionic compound is sodium alkyl sulphonates (SAS).
Application Insights:
The extrusion process application segment led the global purging compounds market in 2017. This is attributed to its wide scope of application in various industries, such as food & beverage and plastic. Purging compounds are used for cleaning during the production of these products. They prevent build-up of deposits from raw materials, by providing a continuous flow path for gases and liquids during processing operations.
Injection molding process applications include automotive parts and industrial machinery components among others. The compound helps remove impurities from polymers that form injection molded parts due to their chemical nature or physical properties (such as viscosity). It also helps improve part quality through reduced shrinkage when molded along with plastics with low melt temperatures such as polypropylene and high-density polyethylene (HDPE). These advantages are expected to drive product demand over the forecast period across all applications regions globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region owing to the growing demand for consumer goods and automotive parts. The growth in this region can be attributed to increasing extrusion, injection molding and blow molding processes. Injection molding process plays a major role in determining product design as it involves putting pressure on products that are being molded. This results in better quality products with enhanced features at lower costs as compared to other alternatives such as machining or casting methods.
Europe purging compounds market was valued at over USD X million in 2017 and is anticipated to witness moderate growth over the forecast period owing high production of consumer goods along with automotive components manufacturing companies located within this region including Volkswagen Group; BMW Group; Ford Motor Company; Daimler AG & Co.; Mercedes-Benz Cars Sdn Bhd; Porsche Automobility GmbH & Co.; Audi AG etc.
Growth Factors:
- Increasing demand from the end-use industries such as automotive, aerospace, and construction
- Growing awareness about the benefits of purging compounds among manufacturers
- Rising investments in research and development activities for new purging compounds products
- Proliferation of small and medium-sized enterprises (SMEs) in the market
- Stringent environmental regulations across regions
Scope Of The Report
Report Attributes
Report Details
Report Title
Purging Compounds Market Research Report
By Type
Mechanical Purging Compounds, Chemical or Foaming Purging Compounds, Liquid Purging Compounds
By Application
Extrusion Process, Injection Molding Process, Blow Molding Process
By Companies
Asahi Kasei, Chem-Trend, Shuman Plastics, Polyplast Müller, Daicel, PurgeMax, Clariant, Purgex, Rapidpurge, Ultra System, Dow, Uniform Color Company, Saint-Gobain
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Purging Compounds Market Report Segments:
The global Purging Compounds market is segmented on the basis of:
Types
Mechanical Purging Compounds, Chemical or Foaming Purging Compounds, Liquid Purging Compounds
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Extrusion Process, Injection Molding Process, Blow Molding Process
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Asahi Kasei
- Chem-Trend
- Shuman Plastics
- Polyplast Müller
- Daicel
- PurgeMax
- Clariant
- Purgex
- Rapidpurge
- Ultra System
- Dow
- Uniform Color Company
- Saint-Gobain
Highlights of The Purging Compounds Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Purging Compounds
- Chemical or Foaming Purging Compounds
- Liquid Purging Compounds
- By Application:
- Extrusion Process
- Injection Molding Process
- Blow Molding Process
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Purging Compounds Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Purging compounds are chemicals that are used to cleanse the body of toxins.
Some of the key players operating in the purging compounds market are Asahi Kasei, Chem-Trend, Shuman Plastics, Polyplast M¼ller, Daicel, PurgeMax, Clariant, Purgex, Rapidpurge, Ultra System, Dow, Uniform Color Company, Saint-Gobain.
The purging compounds market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Purging Compounds Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Purging Compounds Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Purging Compounds Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Purging Compounds Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Purging Compounds Market Size & Forecast, 2020-2028
4.5.1 Purging Compounds Market Size and Y-o-Y Growth
4.5.2 Purging Compounds Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mechanical Purging Compounds
5.2.2 Chemical or Foaming Purging Compounds
5.2.3 Liquid Purging Compounds
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Extrusion Process
6.2.2 Injection Molding Process
6.2.3 Blow Molding Process
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Purging Compounds Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Purging Compounds Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mechanical Purging Compounds
9.6.2 Chemical or Foaming Purging Compounds
9.6.3 Liquid Purging Compounds
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Extrusion Process
9.10.2 Injection Molding Process
9.10.3 Blow Molding Process
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mechanical Purging Compounds
10.6.2 Chemical or Foaming Purging Compounds
10.6.3 Liquid Purging Compounds
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Extrusion Process
10.10.2 Injection Molding Process
10.10.3 Blow Molding Process
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mechanical Purging Compounds
11.6.2 Chemical or Foaming Purging Compounds
11.6.3 Liquid Purging Compounds
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Extrusion Process
11.10.2 Injection Molding Process
11.10.3 Blow Molding Process
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mechanical Purging Compounds
12.6.2 Chemical or Foaming Purging Compounds
12.6.3 Liquid Purging Compounds
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Extrusion Process
12.10.2 Injection Molding Process
12.10.3 Blow Molding Process
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mechanical Purging Compounds
13.6.2 Chemical or Foaming Purging Compounds
13.6.3 Liquid Purging Compounds
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Extrusion Process
13.10.2 Injection Molding Process
13.10.3 Blow Molding Process
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Purging Compounds Market: Competitive Dashboard
14.2 Global Purging Compounds Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Asahi Kasei
14.3.2 Chem-Trend
14.3.3 Shuman Plastics
14.3.4 Polyplast Müller
14.3.5 Daicel
14.3.6 PurgeMax
14.3.7 Clariant
14.3.8 Purgex
14.3.9 Rapidpurge
14.3.10 Ultra System
14.3.11 Dow
14.3.12 Uniform Color Company
14.3.13 Saint-Gobain
