DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Purging Compound Market by Type (Mechanical, Chemical/Foaming, and Liquid Purging), Process (Extrusion, Injection Molding, and Blow Molding), and Region - Global Forecast to 2022" report to their offering.
The Purging Compound Market is Projected to Reach USD 586.3 Million By 2022, at a CAGR of 5.4% from 2017 to 2022
Factors such as increasing use of purging compound in various industries leads to a reduction in machine downtime, low production cost, and less raw material wastage are driving this market. However, the high cost of purging compound is expected to restrain the purging compound market.
Chemical/foaming is one of the most common purging compounds which is used in plastic processing equipment. Chemical purging compounds are most preferred due to their high moldability rate, as scrap generated can often be used to remold parts.
Purging compound is widely used in injection molding, as it is one of the most significant processes used for the production of plastic parts in bulk quantities. The use of injection molding accelerates production processes and ensures high precision in the development of engineering components. A wide range of thermoplastics such as ABS, PA, PC, PP, and GPPS, among others, can be processed by injection molding. Typical products produced by injection molding are automotive dashboards, electrical switches, television cabinets, battery casing, telephone headsets, drug inhalation units, syringes, bottles, and disposable razors, among others.
The Asia-Pacific purging compound market is projected to grow at the highest CAGR from 2017 to 2022. Rapid industrialization in this region has contributed to the expansion of various industries, such as chemicals, petrochemicals, automotive, construction, and food & beverage, among others. As purging compounds are increasingly utilized by these industries to reduce machine downtime and improve production efficiency, the growth of the end-use industries has propelled the demand for purging compounds in this region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Purging Compound Market, By Type
7 Purging Compound Market, By Process
8 Purging Compound Market, By Region
9 Competitive Landscape
10 Company Profiles
- 3M Company
- Asahi Kasei Chemicals Corporation
- Calsak Corporation
- Clariant Ag
- Claude Bamberger Molding Compounds Corporation
- Daicel Corporation
- Dow Chemical Company
- E. I. Du Pont De Nemours And Company
- Elm Grove Industries, Llc
- Formosa Plastics Corporation
- Kuraray Co. Ltd.
- Magna Purge
- Polyplast Muller Gmbh
- Purge Right 131
- Rbm Polymers
- Reedy Chemical Foam & Specialty Additives
- Slide Products, Inc.
- Ultra Plast Asia Co., Ltd
- Ultra System Sa
- Velox Ghmbh
- Z Clean
For more information about this report visit https://www.researchandmarkets.com/research/3gd6dt/purging_compound