Purging Compound Market Size was valued at USD 632.12 Million in 2023. The Purging Compound industry is projected to grow from USD 667.52 Million in 2024 to USD 1,032.23 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.60% during the forecast period (2024 - 2032). The widespread use of thermoplastic molding machines to fulfill the growing demand for durable plastic materials is driving the market growth. Purging compound with their superior properties leads the market leaving the other competitors behind.
Purging compound is a chemical product used to clean thermoplastic molding machines and extruders. It is a resin-based cleanser with some additives to clean. Owing to its immense benefits it has become a necessity for every industry involving the use of thermoplastics. The global purging compound market is estimated to grow at a Compound Annual Growth Rate ( CAGR ) of 5.6 % over the current forecast period.
The purging compound has several advantages over other resin-based cleansers. It reduces machine downtime and effectively scrubs residue material along with color deposits. The global purging compound market value is estimated to be worth USD 745.6 million by the end of the current forecast period in 2030.
In 2024, Asahi Kasei Plastics North America Inc (APNA), the manufacturer of Asaclean and a key supplier of purging compounds for the plastics industry, announced a new relationship with Polysource, a well-known plastics wholesaler. This exclusive distribution deal represents a significant milestone for both firms, providing improved accessibility and support to customers across the United States.
In 2016, ASACLEAN™ introduced a next-generation purging compound for plastic packaging machinery. ASACLEAN™, a commercial purging compound for thermoplastic injection molders and extruders, now offers a new UF2 Grade purging compound suitable for blown and cast film extrusion, as well as injection molding.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Covid 19 had a negative impact on the global purging compound market. The demand rapidly declined over the period due to the closure of various end-user industries such as the plastic industry, automotive industry, and others. The closure of production units to curb the virus spread led to a shortage of material in the market when some industrial units began functioning.
The Restrictions on travel and movement of goods hampered the market growth causing disruptions in the supply chain. However, the second quarter witnessed moderate growth owing to demand from the protective equipment manufacturing industry. Therefore, the market is estimated to show a quick recovery in the near future.
The increasing demand from the thermoplastic processing industry is the major growth driving factor for the global purging compound market. The global thermoplastic industry was valued at USD 20 billion in 2020 owing to a greater benefit-to-cost ratio, low-cost manufacturing, chemical resistance, impact resistance, smooth finish, and recyclability. The high demand for thermoplastic processing machines and extruders will in turn generate the demand for purging compounds.
Purging compounds have superior properties to other resin-based cleaning compounds which are in turn generating high market demand. It gives faster changeover, reduces machine downtime, and ensures less material wastage. Moreover, purging compounds have greater market advantages as they can remove carbon and color deposits which other conventional cleaners are not able to.
The high cost of purging compounds is the major growth-hindering factor. Moreover, its volatile market price also affects the users.
The other major restraining factor is the lack of awareness about purging communities in developing economies.
Purging Compound is a chemical product used for cleaning thermoplastic molding machines and other extruders. It comprises a base resin and other scrubbing and cleansing additives. Purging compound is specifically used to clean screws, nozzles, mold, hot runners, or die of molding machines.
The Purging compound is used when we need to mold a different material or change the color of a mold. Purging Compound runs through screws and barrels removing all traces of the previous mix including degraded material in less downtime.
It is available in granular form which melts to liquid and runs through the hot runner of the machine, purging the residues. This purging compound also can clean color residue so that there will be no contamination in the coloring of the next mold with the color of the previous mold.
The specific objectives of this market report on the global purging compound market are given below:
The mechanical purging segment dominates the market by type. The mechanical purging compounds are easy-to-use Materials that don't require a soak cycle. They have higher efficiency and reduce resource wastage. Moreover, they are more effective under high screw pressure and high backpressure.
The extrusion process holds the largest market segment owing to its high benefit to cost ratio. Moreover, the extrusion machine is easy to operate and can be continuously operated to give high production volume. It alone accounts for about 37 percent of the global market share.
However, injection molding is a rapidly growing segment. The ability for automation and fast molding ability is driving the market growth of injection molding.
The thermoplastic processing segment occupies the major market share. Owing to the superior properties of the purging compound, there are no available replacements for it. Moreover, frequent need in the thermoplastic machinery accounts for very high demand.
Regional Analysis
The different regional markets for the global purging compound market are:
Asia-Pacific is a leading regional market for purging compounds. The significant presence of plastic manufacturing industries in this region especially in China, India, and Japan generates huge demand. There is a growing use of extrusion and injection molding processes in automotive, construction, and industrial machinery. Moreover, the growing industrialization and other end-user industries of plastics also account for significant demand for the purging compound.
North America is the second-largest market for the purging compound. The widespread presence of demand-generating industries such as automotive, construction, polymer industry, and others in this region accounts for the market growth.
Europe also holds a significant market share in the global purging compound market. The demand arises from the growing automotive industry, electronic industry, aviation industry, and others. The huge backing of research institutes provides support to the market growth. The UK, Germany, and Italy are the major contributors to the purging compound market in this region.
Latin America and the Middle East are also expected to show moderate growth over the forecast period.
The major global companies playing a key role in the purging compound market are :
Recent Developments
In February, 2023, Asahi Kasei Homes Corporation, a part of the Asahi Kasei Group, announced the acquisition of Australia’s Arden Homes. It is part of strategic acquisitions by Asahi Kasei Homes, which intends to expand its global presence in real estate markets, especially in Australia. By expanding its global reach and using the company’s market power in Australian residential housing, Asahi Kasei wants to enhance growth and capabilities through Arden Homes positioning itself in Australia. Innovation and Development: The resulting organization may decide to put more capital into new housing solutions that utilize materials and construction methods developed by Asahi Kasei, thus increasing value proposition for Australian customers.
February 2023: Asahi Kasei Microdevices has introduced a fresh DC-DC step-up converter for efficient energy harvesting applications.
June 2021: With its newest purging resin compound blends invisibly with a processor’s own production resins yet still perform as well as any other purging compounds from the same manufacturer, according to Asahi kASEI ASACLEAN AMERICA. Processors’ most demanding uses were in mind when developing the new heat-activated Asaclean Plus Grade concentrate.
April 2021: Slide Products aired an automatically activated high-temperature purge compound specifically formulated for use with engineered resins such as polyphenylene sulfide (PPS), polyetheretherketone (PEEK), polyethylene terephthalate (PET), polyetherimide (PEI), and liquid crystal polymer (LCP). Residuals left over from switching resins and colors are removed during this process, thereby cleaning injection molding machine barrel and screw from carbon buildup.
Intended Audience
This report will be beneficial for every stakeholder of the purging compound market such as :
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 632.12 Million |
| Market Size 2023 | USD 667.52 Million |
| Market Size 2030 | USD 1,032.23 Million |
| Compound Annual Growth Rate (CAGR) | 5.60% (2024-2032) |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2019 & 2021 |
| Forecast Units | Value (USD Millions) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, process and application |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, and South America |
| Countries Covered | The U.S, Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Saudi Arabia, UAE, Argentina, |
| Key Companies Profiled | The 3M Company (U.S.A), The Dow Chemical Company (U.S.A), Kuraray Co., Ltd. (Japan), RapidPurge (U.S.A), CALSAK Corporation (U.S.A), VELOX GmbH (Germany), Daicel Corporation (Japan), Chem-Trend (China), BASF SE( Germany) |
| Key Market Opportunities | Reduced downtime, less processing time and fewer scraps. |
| Key Market Drivers | Exceptional features offered by Purging Compounds such as reduction of scrap and carbon contaminants from the heavy machineries. |
Purging Compound Market Highlights:
Frequently Asked Questions (FAQ) :
The increasing demand from the thermoplastic processing industry is the major growth driving factor for the global purging compound market.
The Asia Pacific is the leading regional market for Purging compounds. Rapid industrial development particularly in the plastic manufacturing industry and automobile industry fuels the growth.
The extrusion process holds the largest market segment owing to its high benefit to cost ratio and higher working efficiency.
The different Purging types are: ● Mechanical purging ● Chemical/foaming purging ● Liquid purging
Purging Compound Market is projected to be worth USD 745.6 million by 2030, registering a CAGR of 5.4% during the forecast period (2022 - 2030).
$745.6 million
5.4%
Asia Pacific
2022-2030
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Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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