Hindered amine light stabilizers (HALS) Market Scope

Hindered amine light stabilizers (HALS) are a type of chemical additive used in a wide range of industries to protect polymers, plastics, and other materials from degradation due to exposure to light and other environmental factors. The global Hindered amine light stabilizers (HALS) market is expected to grow significantly in the coming years due to increasing demand for lightweight, durable materials in various end-use sectors such as automotive, construction, and packaging. The growth of the HALS market is also driven by the increasing demand for sustainable and environmentally-friendly products, as HALS are non-toxic and do not produce harmful by-products during the manufacturing process. The global HALS market is projected to reach USD 1.15 Billion by 2022, at a CAGR of 7.1% from 2017 to 2022. The market research report on Hindered Amine Light Stabilizers (HALS) Market provides analysis by Type (Polymeric, Monomeric, Oligomeric), Application (Automotive, Packaging, Agriculture Films, Construction), and Region (Asia Pacific, North America, Europe).

Hindered amine light stabilizers (HALS) Market Drivers:

• Increasing demand for UV-resistant polymers
• Stringent regulations on the use of UV absorbers
• Technological advancements in the production of HALS
• Growing demand for outdoor products
• Increasing demand for sustainable products

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Hindered amine light stabilizers (HALS) Market Segmentation

The hindered amine light stabilizers market can be segmented based on the type, end-use industry, region

By Type:

• Polymeric
• Monomeric
• Oligomeric

Polymeric: The largest and fastest-growing type in the HALS market

Polymeric HALS are more effective than monomeric, and oligomeric HALS due to their large structure and different types of chains in different polymeric HALS, which increase their range of applications. The rising demand for highly effective additives from industrial applications such as polymers, adhesives sealants, and plastics has fueled the growth of polymeric HALS in the global HALS market. HALS in the automotive sector are mainly used to provide exceptional UV durability in interior and exterior applications even under extended UV exposure.

By End-use Industry:

• Packaging
• Automotive
• Agriculture Films
• Construction
• Others

Packaging: The largest application market for HALS

Packaging is expected to be the largest application segment for HALS owing to the increasing demand for food, consumer goods, industrial, and beverage packaging products in the Asia Pacific, North America, and Europe. The ability to sustain performance and quality of the packaging materials under UV radiation exposure, providing weathering resistivity, and long-term durability are the major factors driving the demand for HALS in the packaging application segment.

By Region:

• Asia Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Thailand
• Rest of Asia Pacific
• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Turkey
• Rest of Europe
• Rest of the World
• Brazil
• Middle East Africa
• Rest of South America 

Asia Pacific is projected to be the fastest-growing HALS market during the forecast period

The Asia Pacific region is projected to be the largest and fastest-growing market for HALS globally during the forecast period. This is majorly attributed to the presence of a large number of HALS manufacturers, rising foreign investments, and growing demand for HALS from the plastics, polymers, and automotive industries. Countries in this region, such as China, Japan, and India are witnessing significant increase in the use of HALS, and China leads the market due to the growth of HALS in applications such as packaging, automotive, agriculture films, and construction, among others, and various developmental strategies adopted by manufacturers.

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Hindered amine light stabilizers (HALS) Market Key Players

• BASF SE (Germany)
• SABO S.p.A (Italy)
• Clariant AG (Switzerland)
• Cytec Solvay Group (Belgium)
• ADEKA CORPORATION (Japan)
• Addivant (US)
• Chitec Technology Co. Ltd. (Taiwan)
• SUNSHOW (China)
• Everspring Chemical Co. Ltd. (Taiwan)
• Everlight Chemical Industrial Corporation (Taiwan) 

Reasons for Buying this Report

• This report provides pin-point analysis for changing competitive dynamics
• It provides a forward looking perspective on different factors driving or restraining market growth
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• It helps in understanding the key product segments and their future
• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

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