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Purging Compound Market – Current Trends, Opportunities and Challenges

The growing plastic processing machinery industry in Asia Pacific is anticipated to be a major driving force triggering market growth. The Global Purging Compound Market is expected to reach USD 707.9 million by 2025, according to a new report by Grand View Research, Inc.


Injection molding segment has been observing noteworthy growth in the purging compound industry. The growing demand for the mass production of various injection molded parts from end-use industries such as automotive is likely to have a positive impact on the demand for purging products in the industry.

Fluctuating raw material prices are predicted to be the major restraints during the forecast period due to volatility associated with world oil price and production. In addition, the high prices of purging compound are expected to restrain the market growth.

Companies have been adopting various strategies including expansions, acquisitions, mergers, agreements, and joint ventures. For instance, in September 2017, the Dow Chemical and DuPont merged to form Dow DuPont in order to enhance their product offerings and solutions.

Central & South America accounted for a market share of 11.1% in 2016 in terms of revenue. The region is anticipated to witness considerable growth from 2017 to 2025 due to the growing demand from the construction and automotive industries in Brazil and Argentina.

To Know More About Purging Compound Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/purging-compound-market

The Asia Pacific purging compound market is likely to expand at the fastest CAGR, in terms of revenue, over the forecast period owing to the growing demand for the product from economies including China, Japan, and India.

Top Players of Purging Compound Market:

Formosa Plastics Corporation, Sun Plastech, Inc., Chem-Trend L.P., DOW Chemical, DuPont, and Daicel Corporation are some prominent players of this market. In January 2013, VELOX GmbH established a joint venture, VELOX China Ltd., with its Chinese partner Shanghai Brightfield Co. Ltd. to strengthen its relationship with local Chinese business partners and enhance distribution in Europe and North America.

Market Segmentation of Purging Compound Market:

The Global Purging Compound Market segmented on the basis of Type, Process, and Region.

By Type:

    Mechanical purging
    Chemical purging
    Liquid purging

By Process:

    Extrusion
    Injection molding
    Blow molding

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about Purging Compound Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4754
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