PURGING COMPOUND MARKET ANALYSIS
Key Market Players:
Some of the major players operating in purging compounds market include Asahi Kasei Corporation, Clariant A.G., CALSAK Corporation, Daicel Corporation, DowDuPont Inc., Formosa Plastics Corporation, Kuraray Co., Ltd., Chem-Trend L.P., Polyplast Muller GmbH, and Claude Bamberger Molding Compounds Corporation.
Some of the key strategies adopted by these players include mergers and acquisitions, joint ventures, and partnerships, product innovations and various others in order to retain their market share and increase product offerings. For instance, in June 2015, Sun Plastech Inc. acquired Asaclean, which is a manufacturer of purging compound. Furthermore, Chem Trend L.P. acquired Ultra Purge business segment from Moulds Plus International USA, Inc. in September 2016. Moreover, in December 2016, Velox GmbH launched new series of purging compound called Cleanplus Express Purge Compound, suitable for quicker material and color change as well as machinery shutdown.
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