© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global Purging Compound Market Growth by Global Purging Compound Market Size By Process (Extrusion, Injection Molding, Blow Molding), By Product (Mechanical, Chemical / Foaming), By Form (Liquid, Powder, Granules), By End-Use (Automotive, Healthcare, Consumer Goods, Electronics, Packaging, Custom Molding), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Global Purging Compound Market size is estimated to exceed USD 600 million by 2024; according to a new research report by Global Market Insights, Inc.  Potential applications in custom molding, packaging, consumer goods and automotive industry will propel global purging compound market growth.  Reduced machine downtime, lower raw material wastage along with low cleaning cost are the key properties driving industry demand.  Automotive industry accounts for over 20% of the industry share in Automotive industry expansion along with rapidly increasing polymer usage across the various products has positively influenced demand.  Effective plastic resin & contamination removal particularly in complicated machinery parts coupled with improved quality & safety are among key factors driving product penetration. Global Market Scenario of Purging Compound

© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Purging Compound Market Size, By Process, 2016 & 2024 (USD Million)

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Purging compound are extensively used in injection molding process due to increasing demand for manufacturing of bulk quantities of plastic components. High usage of injection molding boosts production processes and assures high accuracy in the development of engineering components.  Mechanical purging was valued over USD 210 million in 2016 owing to rising demand for plastic processing units. These compounds are highly competent and safe to use for polymer deposit removal by using high viscosity plastics to mechanically scrub the contaminants.  Extensive usage of liquid form for thermoplastics removal will boost the global purging compound market. The form is very effective for resin-to-resin and colour-to-colour transformations to provide easy, quick, safe and cost-effective processing of purges. Products Insights

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America will register a grow over 7.5% up to This growth is mainly accredited to the large base of plastic processing units in the region. Growing demand for plastics processing equipment will support product penetration.  Global purging compound market is fragmented with large presence of manufacturers and distributors across the globe. These companies have implemented numerous growth strategies including product launches, mergers & acquisitions, partnerships, joint ventures, innovation and technological developments to strengthen market foothold. Some of the key players are VELOX GmbH, Asahi Kasei Corporation, Dyna-Purge, E. I. Du Pont de Nemours and Chem-Trend LP. Regional and Competitive Insights

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