Purging Compound Market Share

Purging Compound Market Share

Global purging compound industry share is fragmented in nature with presence of large number of manufacturers and distributors across different regions. Major leading industry participants include
 

• Asahi Kasei Corporation
• VELOX GmbH
• Dyna-Purge
• Chem-Trend LP
• E. I. Du Pont de Nemours

 The key industry players have adopted numerous growth strategies including new product launches, mergers & acquisitions, joint ventures, partnerships, innovation and technological advancements to strengthen their position.
 

For instance, in 2016, Chem-Trend acquired the Italian engineering and designing company Moulds Plus International’s business “Ultra Purge” to expand its thermoplastic processing portfolio.Other prominent players are

• 3M
• Purgex
• Magna Purge
• RapidPurge
• Reedy Chemical Foam & Specialty Additives
• CALSAK Corporation
• Formosa Plastics Corporation
• Dow Chemical
• Daicel Corporation
• Kuraray
• Clariant AG
• Ultra System SA
• Polyplast Muller GmbH
• Slide Products

 Companies invest enormously in R&D operations to offer distinguished solutions to gain competitive advantage.
 

Industry Background

Rising number of plastic processing units on a global scale coupled with growing demand for purging compound, particularly in engineering thermoplastics will drive the product market size. Improved governmental regulations, commercialization and new product launches in several emerging economies including India, China, Thailand, South Korea and Brazil will further propel the global purging compound market expansion.
 

Increasing efficiency as compared to traditional cleaning approaches including purging with regrind along will drive industry development. Benefits of using the product include low manufacturing cost, less material waste, less scrap and reduced downtime. Thereby, these benefits positively impact industry growth over the forecast timeframe.