#Purging Compound Market trends

[chemicalsectorupdates]

Navigating Regulatory Frameworks in the Purging Compound Market

Purging Compound: A Vital Tool in Plastic Molding Operations What are Purging Compounds? Purging compounds are cleaning agents that are injected into plastic processing equipment to flush out residual material from previous production runs. They are formulated with filler materials and thermoplastic binders that resemble the properties of the base plastic resin. This allows them to effectively push out contaminants like residual dried polymer, color pigments and additives from the previous material. Purging compounds come in pellet, granular or liquid forms depending on the type of plastic molding or extrusion machine they are meant for. Application in Injection Molding In injection molding, purging compounds are primarily used to prevent color contamination between different production runs involving different resin colors or additive packages. They are loaded into the hopper after the previous material has been used up. During the purging process, the compound is injected into the barrel, screw and nozzle exactly like the resin to flush out any remnants of prior pigmented or custom-formulated plastic. Keeping Extrusion Equipment Clean Extruders process plastic continuously through the use of a rotating screw inside a heated barrel. Even a tiny amount of residue from a previous material left clinging to the hot walls or the screw flights can cause issues down the line. Purging compounds optimized for extrusion equipment clean up these hard to remove remnants. They are passed through during non-production periods to displace any degraded polymers or carbonized contaminants. Ensuring Purity in Reactive Processing Reactive extrusion and injection involve premixing functional additives or reactive components into the plastic melt prior to molding. Even microscopic amounts of unintended contamination could interfere with the chemistry and cause off-spec parts. Specialty purging compounds designed for reactive systems thoroughly displace residual reactive materials, impurities or degraded by-products after each manufacturing run. Customizable for Specific Processes Not all plastic processing equipment or material types require the same level of cleaning. Purging compound formulations have evolved to match the precise needs of different molding or extrusion systems. Variants exist to suit dry, wet or paste-like purge needs. Fillers and tackifiers within can be tailored to the hardness, stickiness and stiffness characteristics of the base resins commonly used. Reducing Environmental Waste Conventional purging materials leave behind polymer-filled purge waste that must be properly disposed as it cannot be recycled. However, new bio-based and recyclable options emerge that address this sustainability issue. Water-soluble mediums flush easily down the drain while innovative compostable formulations decompose without harming the environment. These ‘green’ purging tools achieve purer processing while lowering purge scrap volumes and disposal costs. Managing Costs with Strategic Purging While necessary for quality production, excessive purging also increases material, labor and trim waste expenses. Process experts help custom design optimized purging programs for individual production schedules. Numbers of purges, amounts used, wait times between jobs and selection of right purging agents are key parameters. In summary, purging compounds remain a vital tool in plastic processing operations demanding clean material transfers and maximum product consistency. Choice of the appropriate formulation tailored for each unique process setup helps equipment operators mitigate risk of defects and quality issues due to contamination. With innovative formulations addressing efficiency and sustainability needs, purging ensures durable production hygiene for the modern manufacturing enterprise.

[pearlsmith25]

Purging Compound Market Strategies: Maximizing Efficiency in Production Processes

Purging compounds are types of polymeric materials that are used in the process of purging or cleaning out the residues and remainders of one plastic grade from the barrel, screw and downstream components, prior to a changeover to a different plastic grade or color. Purging compounds help in removing contaminants, residues, moisture and other residues to prepare the plastic machinery for a quick, efficient and contamination-free product changeover. They aid in effectively eliminating grade-to-grade contamination that results due to mixing of incompatible resins during product changeovers. The global purging compound market is estimated to be valued at US$ 596.5 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The need for frequent color, additive and resin changing in plastic processing industries has been a key factor driving the demand for purging compounds. With increasing plastic production volumes and growing consumer demand for various customized plastic products available in different colors and materials, plastic manufacturers are under constant pressure to optimize production changeovers and reduce downtimes. Purging compounds help in quick transition between materials during changeovers thereby minimizing production losses. Their ability to streamline plastic production processes by facilitating seamless grade changes in lesser time and with minimal material wastage and quality issues offers immense growth potential for purging compound manufacturers. Innovation in product formulations to further enhance purging efficiency and compatibility with novel plastics is expected to present significant lucrative opportunities. Porter's Analysis Threat of new entrants: Low capital requirements and established suppliers lower the barriers for new companies to enter the purging compound market. However, existing players have strong brand names and supply contracts that deter new entrants. Bargaining power of buyers: Large auto manufacturers and molders have significant buyer power to negotiate pricing with purging compound suppliers. Substitute products also provide options to buyers. Bargaining power of suppliers: The purging compound market has few global players controlling majority of market share, giving them stronger negotiating power over OEMs and molders. Threat of new substitutes: New materials like engineering plastics and aluminum pose a substitutes threat, but purging compounds have advantages in removing impurities efficiently during switchovers. Competitive rivalry: Major players compete on product innovations, applications support, and economies of scale. Smaller firms target niche applications. SWOT Analysis Strengths: Purging compounds help improve product quality and reduce cleaning costs. Demand Driven by growing polymer and plastics industries. Weaknesses: High price volatility of raw materials increases production costs. Regulations on hazardous purging compound compositions. Opportunities: Development of bio-based and non-toxic purging solutions opens new application areas and markets. Threats: Slowdowns in the automotive and construction industries affect downstream demand. Use of substitute cleaning methods. Key Takeaways The global purging compound market is expected to witness high growth driven by increasing polymer consumption worldwide.

The Asia Pacific region is expected remain the fastest growing market during the forecast period supported by rising polymer production volumes in China, India, Southeast Asia. China accounts for over 50% of global polymer production and consumption and also dominates the regional purging compound market. Key players operating in the purging compound market are 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. Major players are focusing on new product development, partnerships and mergers to enhance production capabilities and market share.

[chemicalsources]

Purging Compound Market Trends: Addressing Environmental and Production Demand

The purging compound market is estimated to be valued at US$ 596.5 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The purging compound market is primarily driven by the increasing demand from the plastics processing industry. Plastics industry has been witnessing significant growth over the past few years owing to rising applications in automotive, packaging, construction and consumer goods industries. Purging compounds help improve the productivity and efficiency of plastics processing equipment by facilitating smooth transition between material changes, thereby increasing production output. Additionally, strict quality control regulations regarding purity levels in end-use parts is further fueling the adoption of purging compounds among manufacturers. Development of bio-based purging compounds to replace conventional solvent-based variants is expected to present lucrative growth opportunities for purging compound vendors over the forecast period.

[poojascmi]

Global Purging Compound Market Is Estimated To Witness High Growth Owing To Increasing Demand In Automotive and Packaging Industries

The global Purging Compound Market is estimated to be valued at US$ 450.7 million in 2017 and is expected to exhibit a CAGR of 5.4% over the forecast period 2017-2022, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Purging compounds are used in the plastic processing industry to clean the extruder, molds, and other equipment during color changes, resin changes, and material switches. They help reduce downtime, increase productivity, and improve efficiency in the manufacturing process. The demand for purging compounds is driven by the increasing adoption of these compounds in industries such as automotive and packaging, where efficient production processes are crucial. B) Market Key Trends: One key trend in the purging compound market is the increasing demand in the automotive industry. The automotive industry requires frequent color changes and material switches during production, which can lead to significant downtime. Purging compounds help reduce this downtime by effectively cleaning the equipment and ensuring a smooth transition between colors or materials. For example, Asahi Kasei Corporation, one of the key players in the market, offers a range of purging compounds specifically designed for the automotive industry. C) PEST Analysis: - Political: The political environment can have an impact on the regulations and policies related to plastic processing and manufacturing. For example, governments may implement regulations to promote sustainable practices and reduce plastic waste. - Economic: The economic factors such as GDP growth, disposable income, and consumer spending can influence the demand for products and packaging, which in turn affects the demand for purging compounds. - Social: Changing consumer preferences towards sustainable and eco-friendly products can drive the demand for purging compounds that are environmentally friendly. - Technological: Advancements in technology can lead to the development of more efficient and effective purging compounds, enhancing the overall performance and productivity in the plastic processing industry. D) Key Takeaways: - The Global Purging Compound Market Demand is expected to witness high growth, exhibiting a CAGR of 5.4% over the forecast period. This growth is driven by the increasing demand in industries such as automotive and packaging. - In terms of regional analysis, Asia Pacific is expected to be the fastest-growing and dominating region in the purging compound market. The region's rapid industrialization, particularly in countries like China and India, coupled with increasing investments in automotive and packaging sectors, is driving the demand for purging compounds. - Key players operating in the global purging compound 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. These companies focus on product development and innovation to strengthen their market position and cater to the evolving needs of their customers. In conclusion, the global purging compound market is witnessing significant growth, primarily driven by the automotive and packaging industries. Advancements in technology and increasing demand for sustainable solutions are expected to further drive market growth in the coming years. Key players in the market play a crucial role in providing innovative purging compound solutions to meet the industry's requirements.

[riyadbmr21]

Purging compounds are those products that are developed for cleaning primary plastic machinery such as thermoplastics molding machines and extruders. It improves the quality of the product and helps in reducing the machine downtime. The usage of purging compounds is majorly seen in polyolefins such as thermoplastic olefin, polypropylene, polyethelyne and in high temperature resins such as polysulfones, ketone and others.

For more info@ https://bit.ly/3sy4LSB

[wisegyreport]

“Purging Compound Market” report focuses on the market status, future forecast, growth opportunities, market trends and leading players.

[comrade-meow]

Why a hand gesture has South Korean companies on edge 👌

It took three years for players to notice the "offensive" hand gesture lurking in one of South Korea's most popular multiplayer games.

When players made their avatars laugh, talk or give the "OK" sign in "Lost Ark," they clicked an icon featuring a gesture that might have appeared benign to many: an index finger nearly touching a thumb.

But some of "Lost Ark's" users began claiming in August that the gesture was a sexist insult against men, and they demanded its removal.

What happened next underscores a trend in South Korea among anti-feminists, who have been increasingly pushing companies to repent for what they see as a conspiracy within the government and private companies to promote a feminist agenda.

Smilegate — the creator of "Lost Ark" and one of South Korea's biggest video game developers — quickly complied with the requests for removal. The company removed the icon from the game, and vowed to be more vigilant about policing "game-unrelated controversies" in their products.

A gender war has been unfolding in South Korea for years, pitting feminists against angry young men who feel they're being left behind as the country seeks to address gender inequality. 

Now, though, the latest development in this war is reaching a fever pitch. Since May, more than 20 brands and government organizations have removed what some see as feminist symbols from their products, after mounting pressure. At least 12 of those brands or organizations have issued an apology to placate male customers.

Anti-feminism has a years-long history in South Korea, and research suggests that such sentiments are taking hold among the country's young men. In May, the Korean marketing and research firm Hankook Research said it found that more than 77% of men in their twenties and more than 73% of men in their 30s were "repulsed by feminists or feminism," according to a survey. (The firm surveyed 3,000 adults, half of whom were men.)

The fact that corporations are responding to pressure to modify their products suggests that these anti-feminists are gaining influence in a country that is already struggling with gender issues. The Organization for Economic Cooperation and Development says that South Korea has by far the largest gender wage gap among OECD countries. And roughly 5% of board members at publicly listed companies in the country are women compared to the OECD average of nearly 27%.

A suspicious sausage

The online firestorm that has spread across South Korea's corporate landscape kicked off in May with a simple camping advertisement.

GS25, one of the country's biggest convenience store chains, released an ad that month enticing customers to order camping food on their app, promising free items as a reward. The ad showed an index finger and a thumb appearing to pinch a sausage. The finger-pinching motif is frequently used in advertising as a way to hold an item without obscuring the product.

Critics, though, saw something different in that hand signal. They accused it of being a code for feminist sympathies, tracing the use of the finger-pinching motif to 2015, when the symbol was co-opted by Megalia, a now-defunct feminist online community, to ridicule the size of Korean men's genitals.

Megalia has since shut down, but its logo has outlived the group. Now anti-feminists are trying to purge South Korea of its existence.

Source: Megalia, @starbucksrtd/Instagram, @gs25_official/Instagram

GS25 removed the hand symbol from the poster. But critics still weren't satisfied, and began trawling the advertisement for other feminist clues. One person pointed out that the last letter of each word featured on the poster — "Emotional Camping Must-have Item" — spelled "Megal," a shorthand for "Megalia," when read backward.

GS25 removed the text from the poster, but that still wasn't enough. People theorized that even the moon in the background of the poster was a feminist symbol, because a moon is used as the logo of a feminist scholar organization in South Korea.

After revising the poster multiple times, GS eventually pulled it entirely, just a day after the campaign launched. The company apologized and promised a better editorial process. It also said it reprimanded the staff responsible for the ad, and removed the marketing team leader.

The online mob had tasted success, and it wanted more.

Other companies and government organizations soon became targets. The online fashion retailer Musinsa was criticized for offering women-only discounts, as well as using the finger-pinching motif in an ad for a credit card. The company defended the use of that motif as a neutral element regularly used in advertising, and said its discount program was meant to help expand its small female customer base. Still, founder and CEO Cho Man-ho stepped down after the backlash.

South Korean demonstrators hold banners during a rally to mark International Women's Day as part of the country's #MeToo movement in Seoul on March 8, 2018. Dongsuh, the Korean company that licenses a Starbucks ready-to-drink line in the country, was attacked in July after one of its Korean Instagram accounts published an image of fingers pinching a can of coffee. The company pulled the ad and apologized, saying that it "considers these matters seriously." The firm also said the image had no hidden intent.

Even local governments have been caught up in the pressure campaign. The Pyeongtaek city government was criticized in August after uploading an image to its Instagram account that warned residents of a heatwave. It used an illustration of a farmer wiping his forehead — and critics noticed that the farmer's hand was shaped similarly to the finger pinch.

"How deeply did [feminists] infiltrate?" one person wrote on MLB Park, an internet forum used primarily by men. Another person shared contact information for the city government, encouraging people to flood their channels with complaints. The image was later removed from the Instagram account.

Gender wars

At the core of the anti-feminist campaign is a widespread fear among young men that they are falling behind their female peers, according to Professor Park Ju-yeon, professor of sociology at Yonsei University.

The sentiment has grown because of a hyper competitive job market and skyrocketing housing prices. The government has also rolled out programs in recent years to bring more women into the workforce. Proponents of those programs have said they're necessary for closing gender gaps, but some men have worried they give women an unfair advantage.

Another compounding factor: Unlike women, men in South Korea have to complete up to 21 months of military service before they're 28 years old — a sore point for some men who feel unfairly burdened.

Anti-feminists have also taken umbrage with President Moon Jae-in, who, when elected in 2017, promised to be a "feminist president." Moon pledged to fix the systemic and cultural barriers that prevented women from participating more in the workforce. He also vowed to address sexual crimes in the wake of the global #MeToo movement.

This year's corporate pressure campaign adds another complication, as brands weigh the possible fallout.

Young men are "big spenders," said Professor Choi Jae-seob, a marketing professor at Namseoul University in Seoul. He added that many young people today are driven by personal political values when they buy things.

Ha, a 23-year-old university student, said he pays attention to what companies say about gender issues before making a purchase.

"Between two stores, I would use the one that doesn't support [feminism]," said Ha, who declined to give his full name because he said that gender is a thorny topic among his peers.

Ha said he's far from alone. When his friends were discussing the GS25 camping poster, for example, he was surprised to find that many of them felt the way he did: "I realized that many men were silently seething."

"I realized that many men were silently seething."Ha, a 23-year-old university student

The gender war leaves companies in a tough spot, according to Noh Yeong-woo, a consultant at the public relations agency PR One.

By not responding to allegations that they are taking a stance on gender issues, that could lead to what Noh called a "constant barrage of accusation" and the creation of a stigma. It also means that companies are actively monitoring online groups and studying what their users have designated as hidden codes or associations, to avoid being called out.

"They are continuously checking for the next problematic symbols," Noh said of brands in South Korea.

Stigmas and fighting back

Some women, though, say that the corporate apologies are also creating a climate where some people are afraid to identify as feminist.

"It's the new Red Scare. Like McCarthyism," said Yonsei University's Park, referring to the mass hysteria to root out communists in the United States in the 1950s.

Lee Ye-rin, a college student, said she has been a feminist since middle school. But in recent years she has found it impossible to be open about her stance.

"It's the new Red Scare. Like McCarthyism."Professor Park Ju-yeon, professor of sociology at Yonsei University

She recalled an incident in high school, when some boys openly heckled a feminist friend of hers while that friend was giving a class presentation on the depiction of women in the media. Lee and her classmates were too scared to defend the friend.

"We all knew that a person who would step up and say that feminism is not some weird thing would be stigmatized, too," Lee said.

In response to this year's anti-feminist pressure campaigns, though, some feminists have been fighting back. The apology over the camping poster from GS25, for example, prompted feminists to call for boycotts against the company. Some people shared images online of themselves shopping at rival stores, using hashtags that called on people to avoid shopping at GS25.

Balancing act

As there doesn't seem to be much hope of finding middle ground for those waging South Korea's gender war, experts say companies have to figure out ways to avoid being dragged into a brand-damaging fight.

Noh, from PR One, encouraged companies and organizations to educate their employees on gender sensitivity — and even reconsider the use of symbols that have become heavily politicized.

Finger-pinching motifs "are images with complex metaphors and symbols and they already carry a social stigma," he said. "So, once you get involved in it, it's hard to explain them away ... the issue keeps spreading until they are removed as demanded."

Park, the Yonsei University professor, said that part of the problem is that many South Korean companies are led by older men who don't have a firm grasp of present-day gender issues. The average age of an executive-level employee at the country's top 30 publicly traded companies is 53, according to a 2020 analysis by JobKorea, a Korean version of LinkedIn.

That suggests a level of irony. Maybe it's not that some of these companies have a specific agenda, as online critics are accusing them. Perhaps for some of them, high levels of leadership are just not in tune with the debate.

To Park, the vitriol directed at companies has also buried some of the underlying, systemic issues that contribute to gender inequality, along with debates about how best to crack the glass ceiling or address the division of labor at home, among other concerns.

"Some very important debates are being buried," Park said, adding that today's gender war is being fought on the tip of the "iceberg." "It's not a fight about the fingers."

[sdhambire]

Purging compounds are plastic resins that are used to clean and remove contagions from plastic processing machines such as injection molding, blow molding and extrusion processes. Purging compound removes un-melted resins, true gels, degraded residues, foreign contaminants, moisture and air bubbles from screws and barrels.Global Purging Compound Market based on type has been segmented into mechanical purging, chemical/foaming purging and liquid purging. The chemical/foaming and liquid purging is largely used in industry.The market based process has been segmented into injection molding, extrusion and blow molding. The extrusion segment is expected to hold one of the largest shares of the market during the forecast period. This is due to wide use of purging compound in the plastic processing equipment industry.

[tejasamale]

Purging Compound Market Business Opportunities, Current Trends, Growth by Top Companies and Global Industry By 2023

Purging Compound Market Business Opportunities, Current Trends, Growth by Top Companies and Global Industry By 2023

Market Research Future Published a Research Study on Purging Compound Market Research Report, Size, Share and Industry Analysis – Forecast to 2023 Purging Compound Market- Overview

The plastic resin compound which is designed to clean the thermoplastic extruders and machines is called Purging Compound. It is used for removing color and contaminants from machines and the thermoplastic extruder.…

[pearlsmith25]

Purging Compound Market Innovations: Driving Productivity and Cost-effectiveness

Market Overview:

Purging compounds are specialty polymers and resins used to clear or purge color residues, degrading material, and contaminants from plastic production equipment and machinery in between color changes or material switches. Purging compounds aim to achieve efficient cleaning and transitioning for various plastics production processes.

Market Dynamics:

The global purging compound market is expected to grow significantly during the forecast period owing to growing demand from the plastics industry. Purging compounds eliminate contamination risks during production changeovers in the plastics manufacturing industry. They help flush out incompatible resins from the injection molding machines and extruders, thereby reducing production downtime and minimizing waste generation. Furthermore, rising plastic consumption across various end-use industries such as automotive, packaging, and consumer goods is also expected to fuel market growth over the coming years.

Purging Compounds Market: Increasing Demand From Plastics Manufacturing Industry Driving Growth

The plastics manufacturing industry is the largest end user of purging compounds. The demand for plastic products is rising significantly across various end use industries like packaging, construction, automotive, electrical & electronics etc. Purging compounds helps in quick color changeover, reducing cycle time and improving quality of molded plastic products. They facilitate smooth production runs by eliminating residual materials inside injection molds and extrusion barrels.

The global plastic production has more than doubled in the last two decades and is expected to continue its upward growth trend in the coming years supported by rising population, growing middle class in emerging economies and increasing substitution of conventional materials by plastics. This massive growth in plastics consumption will drive higher demand for purging compounds from plastic product manufacturers to optimize their production processes.

Emergence of Bio-Based Purging Compounds Opening New Avenues

There is a rising trend among manufacturers to shift towards more environment friendly and sustainable products. Bio-based and recyclable purging compounds derived from renewable resources like plant oils, bio plastics etc. present new opportunities. They help reduce reliance on petrochemical derived purging compounds and improve recycling rates of purged plastic materials.

Advancements in material sciences have enabled development of bio-based purging compounds with properties comparable to traditional purge agents. Increasing policy support and consumer preference for green products will drive its adoption. Leading purging compound producers are investing in R&D to expand their portfolio of sustainable and bio-degradable options to capitalize on this opportunity.

Purging Compounds Market: Stringent Regulatory Norms on Hazardous Chemicals Pose Challenge

Purging compounds contain solvents and other chemicals that may adversely impact human health and environment if not handled properly. Growing regulatory stringency around the use of hazardous substances is a key market restrain. Various countries and regions have imposed restrictions on purging compounds containing volatile organic compounds (VOCs), carcinogens, reproductive toxins etc.

Stringent safety norms require manufacturers to reformulate existing products, introduce new safer alternatives and invest in upgraded production infrastructure. This increases operating costs. Another challenge is the long registration and compliance process for new purging compound formulations. Complying with dynamic regulatory frameworks across different markets is complex and time consuming which hampers faster commercialization of innovative green products.

Transition to Liquid Purging Compounds Emerging as a Key Trend

There is a transition taking place from traditional solid purging compounds towards easier to use liquid variants. Liquid purge agents offers advantages like lower initial costs due to reduced wastage, simpler automatic purging with customized dispensing equipment and reduced purge residue inside machines. They have a larger processing window making color changeovers more efficient.

Liquid purge solutions are increasing in popularity especially for high speed, automated production lines used in medical devices, automotive components and consumer goods packaging industries. Leading players are diversifying their product ranges to include more liquid purging compounds. This shift reflects the evolving production technology and sustainability oriented approach of plastic manufacturing industries globally.

[acquiremarketresearch]

Global Purging Compound Market Report | What are the key factors driving the growth of the Market?

Global Purging Compound Market Report | What are the key factors driving the growth of the Market?

An Inclusive comprehension of Purging Compound Market addressing structure, scope, potential, and growth prospects.

The Global Purging Compound Market 2019-2025, is expected to show tremendous growth in the coming years. Analysts also analyzed the ongoing trends in Purging Compound and the opportunities for growth in the industries. The Worldwide Purging Compound Market Research Report…

[globalrketresearchanalysis]

Purging Compound Market Is Anticipated To Grow At A 5.9% CAGR from 2014 to 2025: Grand View Research, Inc.

The global purging compound market is expected to reach USD 707.9 million by 2025, according to a new report by Grand View Research, Inc. The growing plastic processing machinery industry in Asia Pacific is anticipated to be a major driving force triggering market growth.

Injection molding segment has been observing noteworthy growth in the purging compound industry. The growing demand for the mass production of various injection molded parts from end-use industries such as automotive is likely to have a positive impact on the demand for purging products in the industry.

Fluctuating raw material prices are predicted to be the major restraints during the forecast period due to volatility associated with world oil price and production. In addition, the high prices of purging compound are expected to restrain the market growth.

Companies have been adopting various strategies including expansions, acquisitions, mergers, agreements, and joint ventures. For instance, in September 2017, the Dow Chemical and DuPont merged to form Dow DuPont in order to enhance their product offerings and solutions.

Browse full research report on Virtual Reality Market: http://www.grandviewresearch.com/industry-analysis/purging-compound-market

Further key findings from the study suggest:

Injection     molding segment is projected to register the fastest CAGR of 6.8%, in     terms of revenue, from 2017 to 2025 on account of high demand for the     product from the plastic processing machinery market

Extrusion     segment appeared as the major process in 2016 in the U.S. market and is     expected to denote a CAGR of 4.9% over the forecast period, in terms of     revenue, on account of the growing automotive, construction, and packaging     industries

Mechanical     segment accounted for the major market share of 50.0% in 2016 and is     predicted to witness significant growth from 2017 to 2025. The compounds     are highly effective in the removal of pollutants and safe to use.

Central     & South America accounted for a market share of 11.1% in 2016 in terms     of revenue. The region is anticipated to witness considerable growth from     2017 to 2025 due to the growing demand from the construction and     automotive industries in Brazil and Argentina.

The     Asia Pacific purging compound market is likely to expand at the fastest     CAGR, in terms of revenue, over the forecast period owing to the growing     demand for the product from economies including China, Japan, and India

Competitors     have been implementing various approaches to strengthen their position in     the market. Expansions and acquisitions are the key strategies adopted by     market players over the past years. For instance, Formosa Plastics Corporation     constructed a new polypropylene manufacturing line in the U.S. to increase     its production capacity.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-purging-compound-market                                                                                                    

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

[marketresearchandreports-blog]

Purging Compound Market To Gain From Enhanced Demand In Automotive industry Till 2025: Grand View Research, Inc.

Purging Compound Market To Gain From Enhanced Demand In Automotive industry Till 2025: Grand View Research, Inc.

The global purging compound market is expected to reach USD 707.9 million by 2025, according to a new report by Grand View Research, Inc. The growing plastic processing machinery industry in Asia Pacific is anticipated to be a major driving force triggering market growth. Injection molding segment has been observing noteworthy growth in the purging compound industry. The growing demand for the…

[sanjay-chem]

Plastic Compounding Market Size To Reach USD 163.9 Billion By 2032

The plastic compounding market size is anticipated to reach a valuation of around US$ 163.9 Billion by the end of 2032 from the current valuation of US$ 64.8 Billion in 2022. The global plastic compounding market is set to witness an impressive growth rate of 7.4% from 2022 to 2032.

The plastic compounding process is being utilized to improve electrical properties and UV resistance in polymers rendering it a very critical material in industrial applications. On the other hand, custom polymer compounding is becoming more common in the plastic compounding industry to achieve high-performance qualities in plastic-based goods. The improving economic condition and the rise of plastic end users have promoted plastic compounding market growth.

Due to the comparatively liberal administrative involvement regarding the inclusion of plastics in building materials, rising construction investment is anticipated to present growth possibilities for PVC compounds. The surge in the usage of purging compounds for injection moulding in the building industry is due to their application in flooring, insulation, storage tanks, performance safety windows, doors, pipelines, and cables.

The current trend of creating PVC from bio-based materials has been a very successful endeavour by plastic compounding market players. For instance, the newly unveiled Equilibrium plasticizer by Dow Chemical Company is expected to have a favourable impact on the growth of plastic compounding market opportunities throughout the projection period.

Request a Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15461

The Asia Pacific plastic compounding market is anticipated to experience increased demand as a result of the expanding manufacturing sector. It is the leading manufacturer and user of consumer goods, autos, and packaging materials, which have cleared the path for the rapid adoption of the plastic compounding process.

Key Takeaways from Market Study

By     maintaining the typical CAGR of 7.4%, it is predicted that the entire     growth of the worldwide market for plastic compounding would be over     US$ 99 Billion within the next 10 years.

Based     on various product forms, polypropylene compound is the     highest-grossing sector of the target market, with an estimated total     share of 25% in 2022.

The     most common application of plastic components is used to     make automotive components, which is figured out to have a market     share of 20% in 2022.

The     plastic compounding market analysis report in 2022 indicated that     Asia Pacific is the dominant region with a market share of more than 40%.

Competitive Landscape

Some of the well-known plastic compounding market players are BASF SE, LyondellBasell Industries Holdings B.V., Dow, Inc., DuPont, SABIC, RTP Company, S&E Specialty Polymers, LLC (Aurora Plastics), Asahi Kasei Corporation, Covestro AG, Washington Penn, Eurostar Engineering Plastics (EEP), KURARAY CO., LTD., TEIJIN LIMITED, Evonik Industries AG, Dyneon GmbH & Co KG among others.

With the rise of independent fully functional plastic compounding market key players, the sector has seen major capacity growth in last few years. Original Equipment Manufacturers or OEMs, which often enter into strategic relationships with plastic compounding market major players, have emerged to be the major market drivers.

Recent Developments in the Global Plastic Compounding Market:

Dow, Inc. Company revealed about its investment projects to enhance circular plastics in October 2021 and start supplying it by 2022. These developments will contribute to the reduction of GHG emissions, the prevention of plastic waste, and the availability of recycled polymers with comparable qualities to fresh plastics.

Plastic Compounding Market by Segmentation

By Product Outlook:

Polyethylene     (PE)

Polypropylene     (PP)

Thermoplastic     Vulcanizates (TPV)

Thermoplastic     Polyolefins (TPO)

Poly     Vinyl Chloride (PVC)

Polystyrene     (PS)

Polyethylene     Terephthalate (PET)

Polybutylene     Terephthalate (PBT)

Polyamide

Polycarbonate

Acrylonitrile     Butadiene Styrene (ABS)

Others

By Application Outlook:

Automotive

Building     & Construction

Electrical     & Electronics

Packaging

Consumer     Goods

Industrial     Machinery

Medical     Devices

Optical     Media

Others

By Region:

North     America

Latin     America

Europe

East     Asia

South     Asia

Oceania

Middle     East and Africa

Read Full Report @ https://www.futuremarketinsights.com/reports/plastic-compounding-market