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The purging compound market size is forecast to increase by USD 202.72 million, at a CAGR of 5.67% between 2023 and 2028.
The market continues to evolve, driven by the dynamic needs of various industries. These compounds play a crucial role in moisture absorption, ensuring the optimal performance of electronic components in diverse applications. In the realm of industrial automation, for instance, purging compounds are essential for maintaining dielectric strength and electrical resistivity in printed circuit boards. Moreover, in the sector of automotive electronics, purging compounds are employed for corrosion protection and moisture proofing, enhancing the longevity of electrical systems. In the aerospace industry, these materials contribute to the production of flame retardants and high-temperature resistance coatings, ensuring the safety and reliability of electronic components.
The application methods and coating thicknesses of purging compounds vary, with vacuum degassing and roller coating being common techniques. The choice of resin, such as polyurethane, silicone, or acrylic, depends on the specific requirements of the application. For instance, polyurethane resin offers excellent chemical resistance, while silicone resin is known for its moisture absorption properties. The evolving patterns in the market are also influenced by technological advancements. For example, the development of anti-static additives and UV stabilizers has expanded the scope of these materials in Consumer Electronics and other sectors. Furthermore, the ongoing research and development efforts in epoxy resins and pot life modifiers continue to shape the market landscape.
In summary, the market is a continuously evolving landscape, with applications spanning industrial automation, automotive electronics, aerospace, Medical Devices, and consumer electronics. The choice of resin, application method, and coating thickness depend on the specific requirements of each application, with ongoing research and development efforts shaping the market's future trajectory.
The purging compound industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The mechanical purge segment is estimated to witness significant growth during the forecast period.
In the realm of industrial manufacturing, the utilization of purging compounds is a crucial aspect of plastic processing. These compounds facilitate the efficient cleaning of machinery during material transitions, eliminating the need for costly downtime and enhancing overall production efficiency. The process commences with machinery preparation, ensuring it reaches the optimal temperature for seamless material transitions. Subsequently, purging compounds, comprised of mechanical cleaning agents such as abrasives, are introduced into the machinery. These agents physically scrub the internal surfaces, effectively removing residual materials and contaminants. The result is a thorough cleaning of extruders, injection molding machines, and other plastic processing equipment.
Moreover, purging compounds offer additional benefits, including the removal of color contamination and excess material. The mechanical action of the compound ensures a comprehensive cleaning, enabling the production of high-quality plastic components. In various industries, such as automotive electronics, aerospace electronics, medical devices, military applications, and consumer electronics, purging compounds play a vital role in maintaining the integrity of the manufacturing process. The formulation of purging compounds encompasses a range of components, including curing agents, acrylic resin, silicone resin, flame retardants, and polyamide resin. These materials contribute to the compound's ability to effectively clean machinery, ensuring the production of superior plastic components.
Application methods vary, with dip coating, roller coating, and spray application being common techniques. Surface preparation is essential, and vacuum degassing is often employed to remove air bubbles and improve coating adhesion. Purging compounds exhibit desirable properties such as high tensile strength, chemical resistance, and excellent moisture absorption and moisture proofing capabilities. These attributes contribute to the compounds' effectiveness in various applications, including EMI and RFI shielding, Conformal Coating, and corrosion protection. Furthermore, the compounds' ability to withstand high temperatures and exhibit excellent thermal conductivity makes them suitable for use in high-performance applications. In summary, the use of purging compounds in industrial manufacturing is an essential aspect of maintaining production efficiency and ensuring the production of high-quality plastic components.
The compounds' versatility and ability to address various manufacturing challenges make them indispensable in numerous industries.
The Mechanical purge segment was valued at USD 254.50 million in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 42% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The purging compounds market in the APAC region is experiencing significant growth, fueled by the region's vibrant and expanding manufacturing sector. Countries like China, India, and those in Southeast Asia are witnessing a surge in production across industries such as automotive, electronics, and packaging. This manufacturing growth necessitates efficient machinery maintenance solutions, leading to increased usage of purging compounds in Asia Pacific. The adoption of advanced plastic processing technologies, including injection molding and extrusion, is driving the demand for purging compounds. These technologies enable industries to enhance production capabilities, ensuring seamless transitions between various materials and colors, minimizing downtime, and optimizing overall efficiency.
Purging compounds play a crucial role in the manufacturing process by eliminating residual polymers and contaminants from processing equipment. Their application is essential in various industries, including electronics, where they are used for RFI and EMI shielding in printed circuit boards and electronic components. In medical devices and military applications, they provide corrosion protection and moisture proofing. In aerospace electronics, they ensure chemical resistance and high temperature resistance. The versatility of purging compounds extends to consumer electronics, where they are used for conformal coating and moisture absorption control. They are also used in automotive electronics for electrical resistivity and thermal conductivity enhancement, and in industrial applications for improving tensile strength and surface preparation.
The market trends include the development of new application methods, such as dip coating and roller coating, and advancements in curing agents and curing temperatures to enhance the pot life and reduce curing time. Vacuum degassing is another emerging trend to ensure better coating thickness and chemical resistance. In summary, the purging compounds market in the APAC region is witnessing robust growth due to the increasing manufacturing demand and the adoption of advanced plastic processing technologies. Their diverse applications across various industries, including electronics, medical devices, military applications, aerospace electronics, and automotive electronics, make them an indispensable component in the manufacturing process.
The ongoing research and development in curing agents, application methods, and other properties further strengthen the market's growth potential.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The purging compound market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the purging compound market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, purging compound market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3M Co. - The company specializes in providing advanced purging solutions to enhance manufacturing efficiency. Our offerings include high-performance compounds, such as 3M Scotch Weld Purge Material 3756, designed to minimize material contamination during plastic welding processes. By utilizing these compounds, manufacturers can reduce production downtime, improve product quality, and lower overall costs. Our commitment to innovation and excellence ensures that our customers receive the most effective and reliable purging solutions available in the market.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Purging Compound Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.67% |
Market growth 2024-2028 |
USD 202.72 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.25 |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Technique
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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