Purging Compound Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, India, Germany - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 158 SKU: IRTNTR77519

Purging Compound Market Forecast 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 growth rate of the market depends on several factors, including the increasing demand for purge compounds from the thermoplastic industry, the growing demand for purge compounds as effective removal solutions to control corrosion in the chemical industry, and the growing industrialization in emerging markets. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.

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Segmentation by Type, Technique, and Geography 

Type Analysis

The market share by the mechanical purge segment will be significant during the forecast years. The mechanical purge method is especially useful for removing color and excess plastic material removal from machinery because it eliminates residues, reduces downtime, and improves overall production efficiency. The process begins with the preparation of machinery, ensuring that it is at the proper temperature and ready to transition between materials.

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The mechanical purge segment accounted for USD 254.50 million in 2018. Further, several market players offer purge compounds specifically designed for mechanical purge. Also, users should follow the purge compound manufacturers' guidelines to achieve the best results in the mechanical purge process while also maintaining equipment efficiency and increasing production capabilities. These factors will accelerate the mechanical purge segment in the market during the forecast period.

Technique Analysis 

The injection molding segment will account for the largest share of this segment.? Asaclean (Asahi Kasei Corp.), Chem Trend LP, Slide Products Inc., and Neutrex Inc. are some of the well-known companies that offer purge compounds designed specifically for injection molding. Furthermore, the trend toward using a wide range of polymers and colors in manufacturing processes increases the demand to reduce downtime during material and color transitions. Additionally, manufacturers and processors are increasingly recognising the value of efficient practices, positioning the market for long-term expansion. Therefore, these factors will drive the market through the injection molding segment during the forecast period.

Region Analysis

APAC is estimated to contribute 42% to the expansion of the global market during the projection period.
Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.

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The market in the APAC region has experienced robust expansion, primarily driven by the region's dynamic and rapidly growing manufacturing sector. China, India, and Southeast Asian countries are experiencing an increase in production across a wide range of industries, including automotive, electronics, and packaging. This increased manufacturing demand necessitates efficient machinery maintenance solutions, which has led to an increase in the use of purging compounds in the APAC region.
Furthermore, increased manufacturer awareness of the benefits, as well as investments in research and development (R&D) activities in countries such as China, help to drive the development of innovative solutions tailored to the specific needs of various manufacturing processes. APAC's competitive manufacturing costs make it an attractive destination for industries looking to invest in technologies to improve overall operational efficiency. Hence, such factors are expected to drive market growth in this region during the forecast period. 

Market Definition 

Purging compounds are specialized products that are used in industrial operations, particularly in the plastics manufacturing industry, to clean and purge processing equipment, including extruders, injection molding machines, and other equipment. The primary goal of purge compounds is to remove residual polymer or colorants from equipment between production runs.

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Market Dynamics and Customer Landscape

The market is vital for addressing challenges like machine downtime, production costs, and raw material wastage in various industries employing plastic processing equipment. With methods ranging from mechanical and chemical/foaming purging to liquid purging, it ensures efficient process optimization in extrusion, injection molding, and blow molding operations. By scrubbing granules, eliminating dead spots, and preventing hot spots and carbon buildup, it safeguards against degraded polymers and color changes, facilitating the production of high-quality finished products. With its role in routine shutdowns and manual cleaning minimized, it enhances operational efficiency, productivity, and bottom-line costs, promoting the reuse of raw materials. Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market development examination, trends, and challenges. A holistic examination of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Driver

The market is witnessing significant growth, primarily fueled by escalating demand from the thermoplastic industry. Key market players specializing in purge compounds play a pivotal role in meeting the industry's burgeoning needs. This surge in demand is propelled by the widespread adoption of thermoplastic materials across diverse sectors such as automotive, packaging, electronics, and consumer goods. Additionally, manufacturers in the thermoplastic industry are increasingly seeking cost-effective and time-saving solutions, driving the necessity for purging compounds to optimize production processes and minimize downtime associated with equipment cleaning. As a result, the market is poised for substantial growth during the forecast period.

Major Market Trend

The development of environmentally friendly and bio-based compounds is the primary trend in the market. The development of environmentally friendly and bio-based mixtures reflects a broader industry shift towards sustainable and eco-friendly practices. This trend is being driven by an increased awareness of environmental concerns and a greater emphasis on corporate social responsibility in the manufacturing sector.  Market players are investing in R&D to create products with lower environmental impact. These environmentally friendly seek to address issues such as waste generation, carbon footprint, and the use of non-renewable resources that are common with traditional purge compounds. 

For example, Slide Products Inc. has introduced bio-based purge compounds that use renewable resources in their formulations. These compounds are intended to provide effective cleaning while minimizing environmental impact during production and use. Furthermore, as regulatory pressures and consumer preferences drive demand for long-term solutions, the development of bio-based is expected to play a critical role in the market during the forecast period. 

Significant Market Challenge

Volatile prices is a significant challenge that affects market expansion. Raw materials like polymers, additives, and abrasives, fluctuate due to market demand, geopolitical events, and supply chain disruptions.  Price volatility in raw materials creates uncertainty in production costs for manufacturers. Fluctuations in the prices of key components can cause unpredictability in overall manufacturing costs, affecting profit margins and financial planning. Rapid and unpredictable changes in raw material prices can put pressure on the profitability of manufacturers. If the prices of essential ingredients rise unexpectedly, manufacturers may struggle to maintain competitive pricing or absorb additional costs. 

Additionally, market uncertainties caused by raw material price volatility can impede long-term investment planning and innovation in the purge compound industry. Manufacturers may be hesitant to invest in R&D or adopt new technologies when faced with uncertain and fluctuating cost structures. Furthermore, ongoing market trend monitoring and proactive pricing strategy adjustments can assist in purge compound manufacturers in navigating the impact of raw material price volatility while maintaining market development. Thus, such factors will hinder the market during the forecast period. 

Key Companies

Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.

  • Asahi Kasei Corp.: The company offers purging compound such as Asaclean Chemical Compounds engineered specifically to match processing temperatures, resins, MFR, and processing needs.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including: 

3M Co., 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., and Ultra System SA

Qualitative and quantitative examination of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market 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.

Segment Overview

The market report predicts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028. 

  • Type Outlook 
    • Mechanical purge
    • Chemical purge
    • Liquid purge
  • Technique Outlook
    • Injection molding
    • Blow molding
    • Extrusion
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market addresses critical issues such as machine downtime, raw material wastage, and mechanical purging across various industries. This market offers solutions like chemical/foaming purging and liquid purging to combat issues like scrubbing granules, dead spots, and hot spots. By preventing carbon buildup, separated additives, and degraded polymers, it ensures color changes are minimized, maintaining the quality of finished products. With features facilitating resin or raw material changes and formulation adjustments, it optimizes operational activities and productivity while minimizing bottom-line costs. Efficient machine cleaning and reuse of raw materials contribute to sustainability and profitability in the plastic processing industry.

Also, the market is driven by various factors, such as the need for plastic processing equipment maintenance, formulation changes, and routine shutdowns for quality control. Manual cleaning of large machines can be time-consuming, prompting the use of purging compounds to streamline the process. With increased pressure, minimizing machine cleaning time becomes essential to ensure operational efficiency and minimum rejection rates for final products. Companies rely on various sources like company websites, directories, and databases, along with primary sources and expert insights, to assess the global purging compound market. Regulatory interventions, particularly in automotive applications, aim to enhance fuel efficiency and reduce carbon emissions. The market caters to diverse processes, including injection molding, extrusion, and blow molding, offering mechanical, foaming, and liquid compounds to meet industry needs.

Purging Compound 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

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

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

Key companies profiled

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., and Ultra System SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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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 Framework

              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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              Key Questions Answered

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              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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