Global Purging Compound Market Key Trends(2017-2024)_ By Type, Process, and Geography.
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.
Global Purging Compound Market is expected to reach USD 701.15 Million by 2024 from USD 456.87 Million in 2016 at a CAGR of 5.5%.
Global Purging Compound Market Key Trends, by Type:
• Chemical/Foaming Purging
• Mechanical Purging
• Liquid Purging
Global Purging Compound Market Key Trends, by Process:
• Injection Molding
• Blow Molding
Global Purging Compound Market Key Trends, by Geography:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
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