Purging compound is used for cleaning plastic machinery such as injection molding machines, extruders, and blow molding machines. The formulation of resin compound contains a base resin and additives. Purging compound is used to remove contaminations and black specks or after a color and resin change in plastic manufacturing machineries. High temperature resins such as polyusulfones and polyether ether ketone; engineered resins such as polyamide and polystyrene; and polyolefins such as polyethylene and polypropylene are few polymers that needs to be purged using purging compound. It improves product quality and reduces downtime of the thermoplastic extruders and molding machines. The correct usage of purging compounds can help in reducing the time that is required for cleaning the machine.

Market Dynamics

The use of purging compounds aid in improving productivity, saves time and material, reduces screw pulls, lowers scrapes, and reduced wear and tear of machines and this is driving growth of the global purging compound market. Furthermore, purging compounds are superior to conventional purging methods such as regrind resin and flushing with the next resin. These purging compounds facilitate carbon removal and color deposits in the product, which is another key factor fueling demand for purging compounds. Moreover, increasing use of plastics in wide application such as packaging, automotive, and construction industries, among others, which in turn is fueling growth of the purging compounds market. According to Coherent Market Insights’ analysis, global plastic packaging market was valued at US$ 300 billion in 2017 and is estimated to expand at a CAGR of 5.3% in terms of revenue during 2018–2025. Increasing usage of home and personal care products, rising demand for PET Bottles due to the increasing consumption of soft drinks are some of the factors fuelling the growth of the market for plastic packaging, which in turn is fuelling the growth of the market for purging compounds. Furthermore, the market for molded plastics is expected to cross the US$ 200 billion market by end of 2025.

However, high production cost of purging compounds is a major factor hindering growth of the global purging compound market.

Market Trends

Mechanical purging compound segment accounted for the dominant share in 2016, in the market, owing to advantages such as effectiveness in removing impurities as compared to that of an unfilled polymer. The mechanical purging compound works by scrubbing the machine clean by means of abrasive material.

On the basis of process, the extrusion segment was the dominant segment in the market in 2017, and is expected to retain its dominance throughout the forecast period. Favorable compounding, efficient melting, high productivity, and cost effectiveness are some of the advantages of this process and are factors expected to drive growth of this segment. Extrusion process is commonly used in manufacturing of products such as tubes, sheets, films, filaments, cords, coat wires, cables, and rods. Furthermore, opening of extrusion process machine is not required for using purging compounds thereby, saving time and increasing efficiency.

Market Outlook

  • North America was the dominant region in the global purging compound market in 2017, owing to increasing production and demand for plastic resins. According to American Chemistry Council, thermoplastics production in the U.S. in 2015 was 42.8 million metric tons, which increased by 1.5% in 2016 to 43.4 million metric tons. Furthermore, sales and captive use of thermoplastics in 2015 was 43.5 million metric tons, which increased by 1.4% to 44.1 million metric tons in 2016.
  • Europe is a lucrative market for purging compounds, as demand for good quality plastic products is increasing in the region. According to Plastics Europe, pan-European trade association, 70% of the plastic demand is concentrated in Germany, Italy, France, the U.K., Spain, and Poland. Thus, there is a significant demand for purging compounds in these countries. Furthermore, plastic production in Europe, in 2015, was 58 million tons, which increased to 60 million tons in 2016.
  • Asia Pacific market is expected to exhibit significant growth over the forecast, due to rising demand for plastics in the region. According to India Brand Equity Foundation (IBEF)—established by the Department of Commerce, Ministry of Commerce and Industry—the domestic plastic consumption is anticipated to reach 20 million metric tons by 2020. Furthermore, growing demand for plastics in various end-use industries such as packaging, construction, and automotive is fuelling growth of purging compounds market. According to Coherent Market Insights’ analysis, Asia Pacific accounted for 41.8% of the plastic packaging market in 2016 and is expected to retain its dominance throughout the forecast period from 2018-2025.

Purging Compound - Market Taxonomy

On the basis of product type, the purging compound market is segmented into:

  • Chemical or Foam Purging Compound
  • Liquid Purging Compound

On the basis of process, the purging compound market is segmented into:

  • Blow Molding
  • Injection Molding
  • Extrusion Molding
  • Others

Key Market Players:

Some of the major players operating in purging compounds market include Asahi Kasei Corporation, Clariant A.G., CALSAK Corporation, Daicel Corporation, DowDuPont Inc., Formosa Plastics Corporation, Kuraray Co., Ltd., Chem-Trend L.P., Polyplast Muller GmbH, and Claude Bamberger Molding Compounds Corporation.

Some of the key strategies adopted by these players include mergers and acquisitions, joint ventures, and partnerships, product innovations and various others in order to retain their market share and increase product offerings. For instance, in June 2015, Sun Plastech Inc. acquired Asaclean, which is a manufacturer of purging compound. Furthermore, Chem Trend L.P. acquired Ultra Purge business segment from Moulds Plus International USA, Inc. in September 2016. Moreover, in December 2016, Velox GmbH launched new series of purging compound called Cleanplus Express Purge Compound, suitable for quicker material and color change as well as machinery shutdown.

Key Developments:

  • In October 2018, RG Sales and Marketing Inc. has launched a product line of purge compounds under its registered trademark Clean Plast Purge Compounds. The expanded product lines include clean plast mold and degreaser, clean plast go green mold cleaner, mold rust preventive, heavy-duty mold release, safe mold release, and silicone mold release.
  • In October 2018, the Chem?Trend L.P., a manufacturer of release agents, purge compounds and other chemical products has launched Chem-Trend Ultra Purge™ C6090, a thermoplastic purging compound. This is primarily used in the manufacturing process of automotive products.
  • In February 2018, the Asaclean-Sun Plastech, Inc., the US-based chemical product manufacturer has launched its next-generation UF2 purging compound at NPE 2018. This compound is ideal for cast film, blown film, and injection molding applications.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users