PURGING COMPOUND MARKET ANALYSIS
Market Trends
Mechanical purging compound segment accounted for the dominant share in 2016, in the market, owing to advantages such as effectiveness in removing impurities as compared to that of an unfilled polymer. The mechanical purging compound works by scrubbing the machine clean by means of abrasive material.
On the basis of process, the extrusion segment was the dominant segment in the market in 2017, and is expected to retain its dominance throughout the forecast period. Favorable compounding, efficient melting, high productivity, and cost effectiveness are some of the advantages of this process and are factors expected to drive growth of this segment. Extrusion process is commonly used in manufacturing of products such as tubes, sheets, films, filaments, cords, coat wires, cables, and rods. Furthermore, opening of extrusion process machine is not required for using purging compounds thereby, saving time and increasing efficiency.
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