Global Purging Compound Market Size & Outlook, 2025-2030
Global purging compound market, 2018-2030 (US$M)
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Global purging compound market highlights
- The global purging compound market generated a revenue of USD 666.3 million in 2024 and is expected to reach USD 971.0 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 6.5% by 2030.
- In terms of segment, mechanical purging accounted for a revenue of USD 349.9 million in 2024.
- Chemical purging is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 666.3 million |
| Market revenue in 2030 | USD 971.0 million |
| Growth rate | 6.5% (CAGR from 2025 to 2030) |
| Largest segment | Mechanical purging |
| Fastest growing segment | Chemical purging |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mechanical purging, Chemical purging, Liquid purging |
Other key industry trends
- In terms of revenue, the North America accounted for 32.3% of the global purging compound market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 211.0 million by 2030.
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Purging Compound Market Scope
Purging Compound Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Formosa Plastics Group | View profile | 1001-5000 | Taipei, T'ai-pei, Taiwan, Asia | https://www.fpg.com.tw/ |
| Daicel Corp | View profile | 12480 | Grand Front Osaka Tower-B, 3-1, Ofuka-cho, Kita-ku, Osaka, Japan | http://www.daicel.com |
| Clariant AG | View profile | 10481 | Rothausstrasse 61, Muttenz, Switzerland, 4132 | http://www.clariant.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| Kuraray Co Ltd | View profile | 13161 | Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, Japan, 100-8115 | http://www.kuraray.co.jp |
| Asahi Kasei Corp | View profile | 48897 | 1-105 Kanda Jinbocho, Chiyoda-ku, Tokyo, Japan, 101-8101 | http://www.asahi-kasei.co.jp |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
Global purging compound market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to purging compound market will help companies and investors design strategic landscapes.
Mechanical purging was the largest segment with a revenue share of 52.51% in 2024. Horizon Databook has segmented the Global purging compound market based on mechanical purging, chemical purging, liquid purging covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Purging Compound Type Outlook (Revenue, USD Million, 2018-2030)
- Mechanical purging
- Chemical purging
- Liquid purging
- Global Purging Compound Process Outlook (Revenue, USD Million, 2018-2030)
- Extrusion
- Injection molding
- Blow molding
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Horizon Databook provides a detailed overview of global-level data and insights on the Global purging compound market , including forecasts for subscribers. This global databook contains high-level insights into Global purging compound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global purging compound market size, by regions, 2018-2030 (US$M)
Top 10 countries: Purging compound market size, 2024 (US$M)
Global purging compound market share, by type, 2024 & 2030 (%, US$M)
Purging compound market: Opportunity assessment by country
Global purging compound market, by region, 2024 (US$M)
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