Global Hindered Amine Light Stabilizers (HALS) Market Overview And Prospects
Learn about the global hindered amine light stabilizers (HALS) market through The Business Research Company, which provides information on HALS market size, HALS market drivers and restraints, HALS market players, the COVID-19 impact on the hindered amine light stabilizers market, and more.
The global hindered amine light stabilizers (HALS) market is expected to grow from $809.48 million in 2020 to $856.77 million in 2021 at a compound annual growth rate (CAGR) of 5.8%. The growth in the hindered amine light stabilizers market is mainly due to the growth in the construction industry, increasing demand for packaging materials, agriculture films, and automotive components & coatings, rising demand for highly effective additives from industrial applications, and growing demand for UV resistant coated plastics, polymers, and wood products. The market is expected to reach $1,270.94 million in 2025 at a CAGR of 10.4%.
The growth in the construction industry is expected to drive innovation in hindered amine light stabilizers manufacturing, thus driving the market during the forecast period.
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The hindered amine light stabilizers market consists of sales of hindered amine light stabilizers by entities (organizations, sole traders, and partnerships) that manufacture hindered amine light stabilizers. Hindered amine light stabilizers are chemical substances with an amine functional group that is used as stabilizers in polymers and plastics. They protect polymer coatings from photo-oxidative damage by producing nitroxide radicals.
Global hindered amine light stabilizers (HALS) market segments include:
By Type: Polymeric, Monomeric, Oligomeric
By Application: Plastics, Paints And Coatings, Adhesives And Sealants, Others
By End Use Industry: Packaging, Automotive, Agriculture Films, Construction, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the hindered amine light stabilizers market in 2020.
The expansion of production facilities is a key trend shaping the HALS market. Major players operating in the hindered amine light stabilizers sector are focusing on production facility expansions to improve their capacity to meet rising demand from emerging markets.
TBRC’s hindered amine light stabilizers market report covers:
Major Market Players: ADEKA Corporation, Chitec Technology Co. Ltd, SUNSHOW, SABO S.p.A, Everlight Chemical Industrial Corp., Beijing Tiangang Auxiliary Co, Double Bond Chemical Ind. Co. Ltd., Solvay, Rianlon Corporation, Clariant, Everspring Chemical Co. Ltd., TCI Chemicals, UNIQCHEM, and Lambson Limited.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Hindered Amine Light Stabilizers (HALS) Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides hindered amine light stabilizers market overviews, analyzes and forecasts market size, share, hindered amine light stabilizers market players, hindered amine light stabilizers market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s HALS market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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