Purging compound is a polymer resin compound, specifically designed to clean all thermoplastic machinery, such as injection molding, blow molding, and extruders. Purging compounds are used for color change, material or resin change, and removal of black specks or contamination like carbon and color deposits from screws and barrels, and are available in different formulations, such as mechanical, chemical/foaming, and liquid. Commercially available purging compounds are compatible with polyolefin (PP, PE, TPO), high temperature resins (PEEK, PSU), and engineered resins (ABS, HIPS, polycarbonate, nylon, PBT, PET). Purging compounds reduce machine downtime by providing material and color changeovers in lesser time with fewer rejections and reduced material waste.

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.