Purging Compound Market: Developments In Purging Compounds for High Temperature Engineering Resins

 Purging Compound Market Overview

The purging compound market is showing remarkable growth and was valued approximately at USD 536.8 million in 2020.

The widespread use of thermoplastic molding machines to fulfill the growing demand for durable plastic materials is driving the market growth. Purging compound with their superior properties leads the market leaving the other competitors behind.

Purging compound is a chemical product used to clean thermoplastic molding machines and extruders. It is a resin-based cleanser with some additives to clean. Owing to its immense benefits it has become a necessity for every industry involving the use of thermoplastics. The global purging compound market is estimated to grow at a Compound Annual Growth Rate ( CAGR )of 5.6 % over the current forecast period.

The purging compound has several advantages over other resin-based cleansers. It reduces machine downtime and effectively scrubs residue material along with color deposits. The global purging compound market value is estimated to be worth USD 800 million by the end of the current forecast period in 2028. 

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Drivers

The increasing demand from the thermoplastic processing industry is the major growth driving factor for the global purging compound market. The global thermoplastic industry was valued at USD 20 billion in 2020 owing to a greater benefit-to-cost ratio, low-cost manufacturing, chemical resistance, impact resistance, smooth finish, and recyclability. The high demand for thermoplastic processing machines and extruders will in turn generate the demand for purging compounds.

Purging compounds have superior properties to other resin-based cleaning compounds which are in turn generating high market demand. It gives faster changeover, reduces machine downtime, and ensures less material wastage. Moreover, purging compounds have greater market advantages as they can remove carbon and color deposits which other conventional cleaners are not able to.

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Technology Analysis

Purging Compound is a chemical product used for cleaning thermoplastic molding machines and other extruders. It comprises a base resin and other scrubbing and cleansing additives. Purging compound is specifically used to clean screws, nozzles, mold, hot runners, or die of molding machines.

The Purging compound is used when we need to mold a different material or change the color of a mold. Purging Compound runs through screws and barrels removing all traces of the previous mix including degraded material in less downtime.

It is available in granular form which melts to liquid and runs through the hot runner of the machine, purging the residues. This purging compound also can clean color residue so that there will be no contamination in the coloring of the next mold with the color of the previous mold.

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Competitive Landscape

The major global companies playing a key role in the purging compound market are :

  • The 3M Company (U.S.A)
  • The Dow Chemical Company (U.S.A)
  • Kuraray Co., Ltd. (Japan)
  • RapidPurge (U.S.A)
  • CALSAK Corporation (U.S.A)
  • VELOX GmbH (Germany)
  • Daicel Corporation (Japan)
  • Chem-Trend (China)
  • BASF SE(Germany)

Recent Developments

Oct 2021 - Dow announced major advancements in its supply of recycled plastic products to customers. The developments will allow the company to begin supplying clients with entirely circular polymers in 2022. All of these efforts are said to make it possible to recycle plastics that are now unrecyclable, such as flexible plastics used in packaging, which are normally burnt or disposed of in landfills. Breaking down mixed waste plastics into their original form to make new virgin polymers is known as advanced recycling.

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