Clariant AG (Switzerland) and VELOX GmbH (Germany) are the Major Players in the Purging Compound Market
Purging compounds are the resins that are produced by mixing basic resins, plastic additives, scrubbing agents, fillers, heat stabilizers, and surfactants. They are used as cleaning compounds for various plastic processing machines used in different industries. The use of purging compounds to clean machines results in lowering of the cleaning and material changing costs. These purging compounds also reduce downtime of machines, lower the number of final product rejections, and prevent wastage of raw materials. It is highly effective during shutdowns.
Major companies operating in the purging compound market are Asahi Kasei Corporation (Japan), Chem-Trend (China), Purgex (U.S.), Dyna-Purge (U.S.), 3M Company (U.S.), Clariant AG (Switzerland), VELOX GmbH (Germany), E. I. Du Pont de Nemours and Company (U.S.), Kuraray Co., Ltd. (Japan), Daicel Corporation (Japan), The Dow Chemical Company (U.S.), Formosa Plastics Corporation (Taiwan), CALSAK Corporation (U.S.), Reedy Chemical Foam & Specialty Additives (U.S.), Magna Purge (U.S.), and RapidPurge (U.S.)
Some of the growth strategies adopted by the key companies include new product launches, expansions, and acquisitions. These companies also invest in R&D activities to enhance their product portfolios and strengthen their positions in the purging compound market.
Asahi Kasei Corporation (Japan) is one of the major manufacturers of purging compound and has a strong presence across the globe. In September 2016, the company launched UF2 grade purging compound, which is ideal for blown and cast film extrusion applications, and injection molding. This development has helped the company launch new grades of purging compound for fast color and material changeovers for reduced machine downtime. Also, the company has acquired NOVACHEM (Connecticut), a manufacturer of purging compounds. The acquisition will help the company expand further its business of purging compound.
Chem-Trend (China), is an important market player in the Asia-Pacific region. The company has a wide portfolio of purging compound products which are used in a variety of applications. In October 2016, the company launched new high-efficiency Lusin® 1100 purge compound for polyolefin, and engineering plastics such as ABS, PS, SAN, ASA, PC, PC/ABS, CA, PMMA, POM, PET, PBT, and PA. It is designed specifically to enable the color and material change process more efficient. Also, it is odorless and produces less smoke.
In September 2016, Chem-Trend acquired Ultra Purge (Italy), a leading manufacturer of purging compound in North America, Europe, Asia, and South America. This acquisition will help Chem-Trend build an enhanced portfolio for purging compound and cover a broad range of thermoplastic applications.
VELOX GmbH (Germany), is another major player operating in the purging compound market. In December 2016, the company launched CleanPlus Express Purge Compound, which is highly efficient in terms of time-saving and excellent cleaning ability.
Related Reports:
Purging Compound Market by Type (Mechanical, Chemical/Foaming, and Liquid Purging), Process (Extrusion, Injection Molding, and Blow Molding), and Region - Global Forecast to 2022
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