The report “Purging Compound Market by Type (Mechanical, Chemical/Foaming, and Liquid Purging), Process (Extrusion, Injection Molding, and Blow Molding), and Region – Global Forecast to 2022″, The purging compound market is projected to reach USD 586.3 Million by 2022, at a CAGR of 5.4% from 2017 to 2022. The ability of purging compounds to reduce downtime of machines, lower their cleaning costs, and reduce wastage of raw materials is expected to fuel the growth of the purging compound market during the forecast period.
Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164502510
Browse 87 market data tables and 42 figures spread through 141 pages and in-depth TOC on “Purging Compound Market by Type (Mechanical, Chemical/Foaming, and Liquid Purging), Process (Extrusion, Injection Molding, and Blow Molding), and Region – Global Forecast to 2022”
Early buyers will receive 10% customization on reports.
The mechanical purging segment estimated to lead the purging compound market in 2017
By type, the mechanical purging segment is estimated to account for a major share of the purging compound market in 2017. This share is mainly attributed to the large base of plastic processing plants in the North American region. Also, mechanical purging compounds are safe to use and highly effective in the removal of polymer residue by using abrasives or high viscosity plastics to mechanically scrub the contaminants from barrels and screws.
DriversPurging compounds help reduce machine downtime, production costs, and raw material wastage
RestraintsHigh prices of purging compounds
OpportunitiesCompliance with various legal and administrative bodies for direct use with food products and medicines
ChallengesLack of awareness about the benefits offered by purging compounds in emerging economies
Request FREE Sample Pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=164502510
The North American region is expected to lead the global purging compound market during the forecast period
By region, North America is estimated to account for the largest share of the global purging compound market in 2017, and the U.S. is estimated to account for the largest market share in 2017. This share is mainly attributed to the large base of plastic processing plants in the North American region. Also, the high demand for plastics processing machinery is anticipated to drive the growth of the purging compound market in North America.
Asahi Kasei Corporation (Japan), Chem-Trend (China), Purgex (U.S.), Dyna-Purge (U.S.), 3M Company (U.S.), Clariant AG (Switzerland), VELOX GmbH (Germany), E. I. Du Pont de Nemours and Company (U.S.), Kuraray Co., Ltd. (Japan), Daicel Corporation (Japan), The Dow Chemical Company (U.S.), Formosa Plastics Corporation (Taiwan), CALSAK Corporation (U.S.), Reedy Chemical Foam & Specialty Additives (U.S.), Magna Purge (U.S.), and RapidPurge (U.S.) are some of the key players in the global purging compound market.
The extrusion process segment expected to lead the purging compound market by 2022
By process, the extrusion segment is estimated to account for a major share of the purging compound market in 2017. In the extrusion process, there is a high demand for purging compound due to the benefits associated with it, such as faster color and material changes, and easy removal of carbon.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:Mr. Shelly SinghMarketsandMarkets™ UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: email@example.com