Global Purging Compound Market 2024-2028
The purging compound market is forecasted to grow by USD 202.72 mn during 2023-2028, accelerating at a CAGR of 5.67% during the forecast period. The report on the purging compound market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for purging compounds from the thermoplastic industry, growing demand for purging compounds as effective removal solutions to control corrosion in the chemical industry, and growing industrialization in emerging markets.
Technavio's purging compound market is segmented as below:
By Type
- Mechanical purge
- Chemical purge
- Liquid purge
By Technique
- Injection molding
- Blow molding
- Extrusion
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the development of environmentally friendly and bio-based purging compounds as one of the prime reasons driving the purging compound market growth during the next few years. Also, customized purging solutions tailored to specific processing needs and machinery requirements and R and D efforts for advanced purging compound formulations will lead to sizable demand in the market.
The report on the purging compound market covers the following areas:
- Purging compound market sizing
- Purging compound market forecast
- Purging compound market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading purging compound market vendors that include 3M Co., Asahi Kasei Corp., BASF SE, Daicel Corp., Dow Chemical Co., DuPont de Nemours Inc., Flamingo Additives and Colourants LLP, Formosa Plastics Corp., Freudenberg and Co. KG, K. Sakai and Co. Ltd., KURARAY Co. Ltd., Mitsubishi Chemical Group Corp., Neutrex Inc., Novanative Plastix Solutions Pvt. Ltd., Plastic Solutions International LLC, Premix Oy, RapidPurge, Shuman Plastics Inc., Slide Products Inc., and Ultra System SA. Also, the purging compound market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.