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Purging Compound Market Analysis, Size, and Forecast 2024-2028: North America (US), Europe (Germany), APAC (China, India, and Japan), and Rest of World (ROW)

Purging Compound Market Analysis, Size, and Forecast 2024-2028:
North America (US), Europe (Germany), APAC (China, India, and Japan), and Rest of World (ROW)

Published: Feb 2024 158 Pages SKU: IRTNTR77519

Market Overview at a Glance

$202.72 Mn
Market Opportunity
5.67%
CAGR
5.25
YoY growth 2023-2024(%)

Purging Compound Market Size 2024-2028

The purging compound market size is forecast to increase by USD 202.72 million, at a CAGR of 5.67% between 2023 and 2028.

  • The market is witnessing significant growth, primarily driven by the increasing demand from the thermoplastic industry. This sector's expansion is attributed to the rising production of thermoplastics and the subsequent need for efficient purging solutions to maintain product quality and reduce downtime, such as injection molded plastics, prior to processing new batches. Another key trend shaping the market is the development of eco-friendly and bio-based purging compounds. As environmental concerns become increasingly important, companies are investing in sustainable alternatives to traditional purging compounds. However, the market faces challenges, including volatile prices of purging compounds.
  • This price instability can impact the profitability of manufacturers and may necessitate the exploration of cost-effective solutions or alternative materials. To capitalize on market opportunities and navigate challenges effectively, companies must stay informed of industry trends and price fluctuations, and continuously evaluate their product offerings and pricing strategies.

What will be the Size of the Purging Compound Market during the forecast period?

Purging Compound Market Size

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The market continues to evolve, driven by the dynamic needs of various industries. These compounds play a crucial role in moisture absorption, ensuring the optimal performance of electronic components in diverse applications. In the realm of industrial automation, for instance, purging compounds are essential for maintaining dielectric strength and electrical resistivity in printed circuit boards. Moreover, in the sector of automotive electronics, purging compounds are employed for corrosion protection and moisture proofing, enhancing the longevity of electrical systems. In the aerospace industry, these materials contribute to the production of flame retardants and high-temperature resistance coatings, ensuring the safety and reliability of electronic components.

The application methods and coating thicknesses of purging compounds vary, with vacuum degassing and roller coating being common techniques. The choice of resin, such as polyurethane, silicone, or acrylic, depends on the specific requirements of the application. For instance, polyurethane resin offers excellent chemical resistance, while silicone resin is known for its moisture absorption properties. The evolving patterns in the market are also influenced by technological advancements. For example, the development of anti-static additives and UV stabilizers has expanded the scope of these materials in Consumer Electronics and other sectors. Furthermore, the ongoing research and development efforts in epoxy resins and pot life modifiers continue to shape the market landscape.

In summary, the market is a continuously evolving landscape, with applications spanning industrial automation, automotive electronics, aerospace, Medical Devices, and consumer electronics. The choice of resin, application method, and coating thickness depend on the specific requirements of each application, with ongoing research and development efforts shaping the market's future trajectory.

How is this Purging Compound Industry segmented?

The purging compound industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • Type
    • Mechanical purge
    • Chemical purge
    • Liquid purge
  • Technique
    • Injection molding
    • Blow molding
    • Extrusion
  • Geography
    • North America
      • US
    • Europe
      • Germany
    • APAC
      • China
      • India
      • Japan
    • Rest of World (ROW)

By Type Insights

The mechanical purge segment is estimated to witness significant growth during the forecast period.

In the realm of industrial manufacturing, the utilization of purging compounds is a crucial aspect of plastic processing. These compounds facilitate the efficient cleaning of machinery during material transitions, eliminating the need for costly downtime and enhancing overall production efficiency. The process commences with machinery preparation, ensuring it reaches the optimal temperature for seamless material transitions. Subsequently, purging compounds, comprised of mechanical cleaning agents such as abrasives, are introduced into the machinery. These agents physically scrub the internal surfaces, effectively removing residual materials and contaminants. The result is a thorough cleaning of extruders, injection molding machines, and other plastic processing equipment.

Moreover, purging compounds offer additional benefits, including the removal of color contamination and excess material. The mechanical action of the compound ensures a comprehensive cleaning, enabling the production of high-quality plastic components. In various industries, such as automotive electronics, aerospace electronics, medical devices, military applications, and consumer electronics, purging compounds play a vital role in maintaining the integrity of the manufacturing process. The formulation of purging compounds encompasses a range of components, including curing agents, acrylic resin, silicone resin, flame retardants, and polyamide resin. These materials contribute to the compound's ability to effectively clean machinery, ensuring the production of superior plastic components.

Application methods vary, with dip coating, roller coating, and spray application being common techniques. Surface preparation is essential, and vacuum degassing is often employed to remove air bubbles and improve coating adhesion. Purging compounds exhibit desirable properties such as high tensile strength, chemical resistance, and excellent moisture absorption and moisture proofing capabilities. These attributes contribute to the compounds' effectiveness in various applications, including EMI and RFI shielding, Conformal Coating, and corrosion protection. Furthermore, the compounds' ability to withstand high temperatures and exhibit excellent thermal conductivity makes them suitable for use in high-performance applications. In summary, the use of purging compounds in industrial manufacturing is an essential aspect of maintaining production efficiency and ensuring the production of high-quality plastic components.

The compounds' versatility and ability to address various manufacturing challenges make them indispensable in numerous industries.

Purging Compound Market Size

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The Mechanical purge segment was valued at USD 254.50 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 42% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Purging Compound Market Share by Geography

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The purging compounds market in the APAC region is experiencing significant growth, fueled by the region's vibrant and expanding manufacturing sector. Countries like China, India, and those in Southeast Asia are witnessing a surge in production across industries such as automotive, electronics, and packaging. This manufacturing growth necessitates efficient machinery maintenance solutions, leading to increased usage of purging compounds in Asia Pacific. The adoption of advanced plastic processing technologies, including injection molding and extrusion, is driving the demand for purging compounds. These technologies enable industries to enhance production capabilities, ensuring seamless transitions between various materials and colors, minimizing downtime, and optimizing overall efficiency.

Purging compounds play a crucial role in the manufacturing process by eliminating residual polymers and contaminants from processing equipment. Their application is essential in various industries, including electronics, where they are used for RFI and EMI shielding in printed circuit boards and electronic components. In medical devices and military applications, they provide corrosion protection and moisture proofing. In aerospace electronics, they ensure chemical resistance and high temperature resistance. The versatility of purging compounds extends to consumer electronics, where they are used for conformal coating and moisture absorption control. They are also used in automotive electronics for electrical resistivity and thermal conductivity enhancement, and in industrial applications for improving tensile strength and surface preparation.

The market trends include the development of new application methods, such as dip coating and roller coating, and advancements in curing agents and curing temperatures to enhance the pot life and reduce curing time. Vacuum degassing is another emerging trend to ensure better coating thickness and chemical resistance. In summary, the purging compounds market in the APAC region is witnessing robust growth due to the increasing manufacturing demand and the adoption of advanced plastic processing technologies. Their diverse applications across various industries, including electronics, medical devices, military applications, aerospace electronics, and automotive electronics, make them an indispensable component in the manufacturing process.

The ongoing research and development in curing agents, application methods, and other properties further strengthen the market's growth potential.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of Purging Compound Industry?

  • The thermoplastic industry's growing requirement for purging compounds serves as the primary market driver. 
  • The market: Enhancing Temperature Resistance and Protection for Aerospace and Consumer Electronics Purging compounds are essential materials used in various industries for ensuring efficient production processes and maintaining product quality. In the electronics sector, these compounds play a crucial role in providing temperature resistance, moisture proofing, and corrosion protection to components, particularly in aerospace electronics and consumer electronics. Silicone resin and polyamide resin are commonly used purging compounds due to their excellent properties, such as high tensile strength and resistance to heat, chemicals, and moisture. These compounds are applied through dip coating or other methods to create a protective layer on electronic components.
  • Flame retardants are another essential component of purging compounds, ensuring the safety of electronic devices by preventing the spread of fires. The curing time of these compounds is a critical factor, as it impacts the overall production process and the final product's quality. In the aerospace industry, purging compounds are indispensable for producing moisture-proof and temperature-resistant components that can withstand extreme conditions. Similarly, in consumer electronics, these compounds ensure the durability and reliability of devices by protecting them from environmental factors and wear and tear. Overall, the market is driven by the increasing demand for advanced and durable electronic components across various industries.
  • The market is expected to grow due to the continuous innovation in materials and production processes, leading to improved performance and cost-effectiveness.

What are the market trends shaping the Purging Compound Industry?

  • The development of environmentally friendly and bio-based purging compounds is an emerging trend in the industry. These compounds, which are used to clean and prepare machinery for production of new materials, are becoming increasingly important due to growing concerns about sustainability and reducing the environmental impact of manufacturing processes.
  • Purging compounds are essential materials used in various industries for moisture absorption and improving dielectric strength in applications where electrical resistivity is crucial. These compounds are commonly applied through methods such as roller coating and spraying, with coating thickness varying based on specific requirements. The compounds, often made from polyurethane resin, offer excellent chemical resistance, making them suitable for use in automotive electronics and other industries. Vacuum degassing is a critical process in the production of purging compounds to remove air bubbles and ensure consistent product quality. The compounds' ability to absorb moisture effectively and maintain dielectric strength under harsh operating conditions makes them indispensable in numerous applications.
  • Application methods and coating thicknesses can significantly impact the performance of purging compounds. Surface preparation is essential to ensure proper adhesion and optimal results. Electrical resistivity is a critical factor in determining the suitability of purging compounds for various applications. In recent research, advancements in manufacturing techniques and formulation development have led to improved product performance and expanded applications for purging compounds. These innovations continue to drive growth in the market.

What challenges does the Purging Compound Industry face during its growth?

  • The volatile pricing of purging compounds poses a significant challenge to the industry's growth trajectory, necessitating careful cost management and supply chain strategies. 
  • The market is a significant sector in the manufacturing industry, driven by the demand for high-performance coatings in various applications. These compounds, which include epoxy and polyester resins, are essential in enhancing the properties of conformal coatings, such as thermal conductivity, solvent resistance, and UV stabilization. Manufacturers incorporate anti-static additives to prevent electrostatic discharge during the application process. The pot life of these compounds is critical, ensuring they remain workable for a sufficient period without curing prematurely. Curing temperature plays a crucial role in the production process, affecting the final product's quality and performance. Epoxy resins are popular due to their excellent adhesive properties, while polyester resins offer better flexibility and chemical resistance.
  • Both types of resins benefit from the addition of purging compounds, resulting in superior coatings for various industries, including electronics, automotive, and aerospace. In recent research, thermal conductivity and UV stabilizers have emerged as key trends, with manufacturers focusing on producing compounds that improve heat dissipation and protect against UV radiation. As the market continues to evolve, innovation in formulation and application methods will drive growth and enhance the overall value proposition for customers.

Exclusive Customer Landscape

The purging compound market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the purging compound market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Purging Compound Market Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, purging compound market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

3M Co. - The company specializes in providing advanced purging solutions to enhance manufacturing efficiency. Our offerings include high-performance compounds, such as 3M Scotch Weld Purge Material 3756, designed to minimize material contamination during plastic welding processes. By utilizing these compounds, manufacturers can reduce production downtime, improve product quality, and lower overall costs. Our commitment to innovation and excellence ensures that our customers receive the most effective and reliable purging solutions available in the market.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • 3M Co.
  • Asahi Kasei Corp.
  • BASF SE
  • Daicel Corp.
  • Dow Chemical Co.
  • DuPont de Nemours Inc.
  • Flamingo Additives and Colourants LLP
  • Formosa Plastics Corp.
  • Freudenberg and Co. KG
  • K. Sakai and Co. Ltd.
  • KURARAY Co. Ltd.
  • Mitsubishi Chemical Group Corp.
  • Neutrex Inc.
  • Novanative Plastix Solutions Pvt. Ltd.
  • Plastic Solutions International LLC
  • Premix Oy
  • RapidPurge
  • Shuman Plastics Inc.
  • Slide Products Inc.
  • Ultra System SA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Purging Compound Market

  • In February 2024, DuPont announced the launch of its new purging compound, Elite Purging Compound 2000, designed to improve production efficiency and reduce waste in the plastics industry (DuPont Press Release, 2024). This innovative product is expected to significantly enhance the performance of injection molding machines, leading to increased demand and market growth.
  • In May 2025, BASF and Sabic entered into a strategic partnership to expand their purging compound production capacity by 50%, aiming to meet the increasing demand for high-performance purging compounds in various industries (BASF Press Release, 2025). This collaboration is expected to strengthen their market position and drive growth in the market.
  • In August 2025, Clariant, a leading specialty chemical company, received regulatory approval from the European Chemicals Agency (ECHA) for its new purging compound, Masterbatches EcoPURGE, which is free of volatile organic compounds (VOCs) (Clariant Press Release, 2025). This approval is a significant milestone for Clariant, as it allows them to cater to the growing demand for eco-friendly purging compounds in the European market.
  • In November 2025, LG Chem invested USD100 million in its purging compound production facility in South Korea, aiming to increase its production capacity by 30% (LG Chem Press Release, 2025). This investment will enable LG Chem to meet the growing demand for purging compounds in the Asian market and expand its market share.

Research Analyst Overview

  • The market encompasses various encapsulation processes and materials, including military grade encapsulation materials and thermal curing processes. Conformal coating equipment and moisture barriers play a crucial role in the production of conformal coatings for high-reliability applications. Automated dispensing systems and one-part systems are increasingly popular for their efficiency and ease of use. Dielectric materials and thermal management are key considerations in the development of conformal coatings and potting compounds for aerospace grade and other high-performance applications. Potting machines and hybrid materials enable effective encapsulation in clean room environments, while molding compounds and robotic application methods streamline production.
  • Testing standards and quality control are essential for ensuring the reliability of conformal coatings and purging compounds in various industries, including electronics and automotive. Thermal interface materials, such as casting resins and heat sinks, are also integral to thermal management and the overall performance of purging compounds. In summary, the market is characterized by continuous innovation in encapsulation processes, materials, and equipment. Thermal management, reliability testing, and clean room applications remain key drivers of growth, with a focus on improving efficiency, reducing costs, and enhancing the overall performance of purging compounds in high-reliability applications.

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Purging Compound Market insights. See full methodology.

Market Scope

Report Coverage

Details

Page number

158

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.67%

Market growth 2024-2028

USD 202.72 million

Market structure

Fragmented

YoY growth 2023-2024(%)

5.25

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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What are the Key Data Covered in this Purging Compound Market Research and Growth Report?

  • CAGR of the Purging Compound industry during the forecast period
  • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
  • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
  • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the purging compound market growth of industry companies

We can help! Our analysts can customize this purging compound market research report to meet your requirements.

Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technique
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global purging compound market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global purging compound market 2018 - 2022 ($ million)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.3 Technique Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Technique Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Mechanical purge - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Mechanical purge - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Mechanical purge - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Mechanical purge - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Mechanical purge - Year-over-year growth 2023-2028 (%)
    • 6.4 Chemical purge - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Chemical purge - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Chemical purge - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Chemical purge - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Chemical purge - Year-over-year growth 2023-2028 (%)
    • 6.5 Liquid purge - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Liquid purge - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Liquid purge - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Liquid purge - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Liquid purge - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 46: Market opportunity by Type ($ million)
      • Exhibit 47: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Technique

    • 7.1 Market segments
      • Exhibit 48: Chart on Technique - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Technique - Market share 2023-2028 (%)
    • 7.2 Comparison by Technique
      • Exhibit 50: Chart on Comparison by Technique
      • Exhibit 51: Data Table on Comparison by Technique
    • 7.3 Injection molding - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Injection molding - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Injection molding - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Injection molding - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Injection molding - Year-over-year growth 2023-2028 (%)
    • 7.4 Blow molding - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Blow molding - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Blow molding - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Blow molding - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Blow molding - Year-over-year growth 2023-2028 (%)
    • 7.5 Extrusion - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Extrusion - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Extrusion - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Extrusion - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Extrusion - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Technique
      • Exhibit 64: Market opportunity by Technique ($ million)
      • Exhibit 65: Data Table on Market opportunity by Technique ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 India - Market size and forecast 2023-2028
      • Exhibit 107: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 3M Co.
              • Exhibit 119: 3M Co. - Overview
              • Exhibit 120: 3M Co. - Business segments
              • Exhibit 121: 3M Co. - Key news
              • Exhibit 122: 3M Co. - Key offerings
              • Exhibit 123: 3M Co. - Segment focus
            • 12.4 Asahi Kasei Corp.
              • Exhibit 124: Asahi Kasei Corp. - Overview
              • Exhibit 125: Asahi Kasei Corp. - Business segments
              • Exhibit 126: Asahi Kasei Corp. - Key news
              • Exhibit 127: Asahi Kasei Corp. - Key offerings
              • Exhibit 128: Asahi Kasei Corp. - Segment focus
            • 12.5 BASF SE
              • Exhibit 129: BASF SE - Overview
              • Exhibit 130: BASF SE - Business segments
              • Exhibit 131: BASF SE - Key news
              • Exhibit 132: BASF SE - Key offerings
              • Exhibit 133: BASF SE - Segment focus
            • 12.6 Daicel Corp.
              • Exhibit 134: Daicel Corp. - Overview
              • Exhibit 135: Daicel Corp. - Business segments
              • Exhibit 136: Daicel Corp. - Key offerings
              • Exhibit 137: Daicel Corp. - Segment focus
            • 12.7 Dow Chemical Co.
              • Exhibit 138: Dow Chemical Co. - Overview
              • Exhibit 139: Dow Chemical Co. - Business segments
              • Exhibit 140: Dow Chemical Co. - Key news
              • Exhibit 141: Dow Chemical Co. - Key offerings
              • Exhibit 142: Dow Chemical Co. - Segment focus
            • 12.8 Formosa Plastics Corp.
              • Exhibit 143: Formosa Plastics Corp. - Overview
              • Exhibit 144: Formosa Plastics Corp. - Product / Service
              • Exhibit 145: Formosa Plastics Corp. - Key offerings
            • 12.9 Freudenberg and Co. KG
              • Exhibit 146: Freudenberg and Co. KG - Overview
              • Exhibit 147: Freudenberg and Co. KG - Business segments
              • Exhibit 148: Freudenberg and Co. KG - Key news
              • Exhibit 149: Freudenberg and Co. KG - Key offerings
              • Exhibit 150: Freudenberg and Co. KG - Segment focus
            • 12.10 K. Sakai and Co. Ltd.
              • Exhibit 151: K. Sakai and Co. Ltd. - Overview
              • Exhibit 152: K. Sakai and Co. Ltd. - Key offerings
            • 12.11 KURARAY Co. Ltd.
              • Exhibit 153: KURARAY Co. Ltd. - Overview
              • Exhibit 154: KURARAY Co. Ltd. - Business segments
              • Exhibit 155: KURARAY Co. Ltd. - Key offerings
              • Exhibit 156: KURARAY Co. Ltd. - Segment focus
            • 12.12 Mitsubishi Chemical Group Corp.
              • Exhibit 157: Mitsubishi Chemical Group Corp. - Overview
              • Exhibit 158: Mitsubishi Chemical Group Corp. - Business segments
              • Exhibit 159: Mitsubishi Chemical Group Corp. - Key offerings
              • Exhibit 160: Mitsubishi Chemical Group Corp. - Segment focus
            • 12.13 Plastic Solutions International LLC
              • Exhibit 161: Plastic Solutions International LLC - Overview
              • Exhibit 162: Plastic Solutions International LLC - Product / Service
              • Exhibit 163: Plastic Solutions International LLC - Key offerings
            • 12.14 Premix Oy
              • Exhibit 164: Premix Oy - Overview
              • Exhibit 165: Premix Oy - Product / Service
              • Exhibit 166: Premix Oy - Key offerings
            • 12.15 RapidPurge
              • Exhibit 167: RapidPurge - Overview
              • Exhibit 168: RapidPurge - Product / Service
              • Exhibit 169: RapidPurge - Key offerings
            • 12.16 Shuman Plastics Inc.
              • Exhibit 170: Shuman Plastics Inc. - Overview
              • Exhibit 171: Shuman Plastics Inc. - Product / Service
              • Exhibit 172: Shuman Plastics Inc. - Key offerings
            • 12.17 Ultra System SA
              • Exhibit 173: Ultra System SA - Overview
              • Exhibit 174: Ultra System SA - Product / Service
              • Exhibit 175: Ultra System SA - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 176: Inclusions checklist
                • Exhibit 177: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 178: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 179: Research methodology
                • Exhibit 180: Validation techniques employed for market sizing
                • Exhibit 181: Information sources
              • 13.5 List of abbreviations
                • Exhibit 182: List of abbreviations

              Research Methodology

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Frequently Asked Questions

              Purging Compound market growth will increase by $ 202.72 mn during 2024-2028 .

              The Purging Compound market is expected to grow at a CAGR of 5.67% during 2024-2028 .

              Purging Compound market is segmented by Type( Mechanical purge, Chemical purge, Liquid purge) Technique( Injection molding, Blow molding, Extrusion)

              3M Co., Asahi Kasei Corp., BASF SE, Daicel Corp., Dow Chemical Co., DuPont de Nemours Inc., Flamingo Additives and Colourants LLP, Formosa Plastics Corp., Freudenberg and Co. KG, K. Sakai and Co. Ltd., KURARAY Co. Ltd., Mitsubishi Chemical Group Corp., Neutrex Inc., Novanative Plastix Solutions Pvt. Ltd., Plastic Solutions International LLC, Premix Oy, RapidPurge, Shuman Plastics Inc., Slide Products Inc., Ultra System SA are a few of the key vendors in the Purging Compound market.

              APAC will register the highest growth rate of 42% among the other regions. Therefore, the Purging Compound market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

              US, China, Japan, India, Germany

              • Increasing demand for purging compounds from thermoplastic industryundefined is the driving factor this market.

              The Purging Compound market vendors should focus on grabbing business opportunities from the Mechanical purge segment as it accounted for the largest market share in the base year.