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Global purging compound market forecast to 2024 made available by top research firm

Industrial Market Research

Global Purging compound Market, By Type(Mechanical, Chemical, Liquid); Process(Injection Molding, Blow Molding, Extrusion)By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)

The global purging compound market accounted for USD 427.3 million in 2016 and is projected to grow at a CAGR of 5.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

This report consists of below pages:

  • No of pages : 350
  • No of Figures: 60
  • No of Tables: 220

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Major market drivers: Global Purging Compound Market

  • Increasing demand for cost effective scrap removal solutions
  • Increasing demand from the plastic industry
  • Reduction in machine downtime
  • High prices of the purging compounds

Purging Compound Market is segmented on the basis of process  and Geography.

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On the basis of process, the market is segmented into injection moulding, blow moulding, extrusion.

Injection moulding segment is expected to witness the highest demand from the automotive sector over the forecast period.

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On the basis of geography, the purging compoundmarket report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, Asia-Pacificis expected to dominate the market.

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TheGlobal Purging Compound Market Report is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Some of the major players operating in this market are

Some of the major players in the purging compound market includeAsahi Kasei Corporation,Purgex, Dyna-Purge, Clariant AG, Formosa Plastics Corporation, CALSAK Corporation, RapidPurge, Chem-Trend, 3M Company, VELOX GmbH, E. I. Du Pont de Nemours and Company, Kuraray, Reedy Chemical Foam & Specialty Additives, World Class Technologies LLC, Daicel Corporation and many more.

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