Purging Compound Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The market is expected to register a CAGR of 6% during the forecast period. One of the main factors driving the market is the increasing demand from the thermoplastic processing industry in the global market. However, volatile prices of purging compounds are expected to hinder the growth of the market studied.
The increasing demand for purging compounds as cleaning chemicals in industrial machines is likely to act as an opportunity for the market to study in the future.
By application, the demand for purging compounds in thermoplastic processing is expected to increase during the forecast period.
The Asia-Pacific region is expected to dominate the market with the largest consumption from countries, such as China and India.
Key Market TrendsIncreasing Demand of Purging Compound from Thermoplastic Processing Industry in Global MarketThe global purging compound market is partially consolidated in nature, with only a few major players dominating the market. Some of the major companies are Calsak Corporation, RapidPurge, 3M Company, Kuraray Co. Ltd, and Dyna-Purge, among others.
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