Global Purging Compounds Market Growth 2023-2029

Global Purging Compounds Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Purging Compounds Industry Forecast” looks at past sales and reviews total world Purging Compounds sales in 2022, providing a comprehensive analysis by region and market sector of projected Purging Compounds sales for 2023 through 2029. With Purging Compounds sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Purging Compounds industry.
This Insight Report provides a comprehensive analysis of the global Purging Compounds landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Purging Compounds portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Purging Compounds market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Purging Compounds and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Purging Compounds.
The global Purging Compounds market size is projected to grow from US$ 482.6 million in 2022 to US$ 736.4 million in 2029; it is expected to grow at a CAGR of 736.4 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Purging Compounds market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Mechanical Purging Compounds
Chemical or Foaming Purging Compounds
Liquid Purging Compounds
Segmentation by application
Extrusion Process
Injection Molding Process
Blow Molding Process
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Asahi Kasei
Chem-Trend
Shuman Plastics
Polyplast Müller
Daicel
PurgeMax
Clariant
Purgex
Rapidpurge
Ultra System
Dow
Uniform Color Company
Saint-Gobain

Key Questions Addressed in this Report
What is the 10-year outlook for the global Purging Compounds market?
What factors are driving Purging Compounds market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Purging Compounds market opportunities vary by end market size?
How does Purging Compounds break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.