Purging Compound Market Growth Accelerated by Increasing Adoption in Plastic Processing Industry
Purging compounds are auxiliary materials used to clean polymers processing equipment and remove undesirable residues. Purging compounds provide advantages like improved product quality by reducing defects, lower reject rates, enhanced safety through elimination of hazardous materials from equipment, and reduced process downtime by facilitating changeovers. The global purging compound market is estimated to be valued at US$ 596.5 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing plastic production and consumption across industries like packaging, automotive, construction is driving the adoption of purging compounds. Purging compounds helps plastic processors to remove polymer residues left inside the processing equipment during changeovers involving different grades or colours of plastic materials. This allows seamless production runs and red