What Has Driven the Growth of the Hindered Amine Light Stabilizers (HALS) Market in Recent Years?
The hindered amine light stabilizers (hals) market has seen considerable growth due to a variety of factors.
• The market size for Hindered Amine Light Stabilizers (HALS) has seen significant expansion in recent times. The market is projected to grow from a worth of $1.43 billion in 2024 to reaching $1.65 billion in 2025, boasting a compound annual growth rate (CAGR) of 15.8%.
Factors such as the need for protection against UV radiation, the growth in the stabilization of polymers, the scaling of the automotive industry, an expanded demand for coatings and paints, and an increase in plastic packaging have contributed to this noted growth in the historic phase.
What is the Market Size Forecast for the Hindered Amine Light Stabilizers (HALS) Market?
The hindered amine light stabilizers (hals) market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of hindered amine light stabilizers (HALS) is projected to experience swift expansion in the coming years, with an estimated worth of $2.91 billion in 2029, and a compound annual growth rate (CAGR) of 15.2%.
Factors contributing to the growth during this forecast period include the rising demand for green and sustainable materials, increased need from the packaging industry, compliance with regulations, growth in automotive electrification, and increasing requirements from the aerospace and defense sectors. Key trends within this timeframe include UV protection in polymers, augmented weathering resistance, integration of nanotechnology, combinations of antioxidants, and the evolving chemistry of HALS.
What Factors Are Driving Growth In The Hindered Amine Light Stabilizers (HALS) Market?
The demand for Hindered Amine Light Stabilizers (HALS) is expected to surge due to the anticipated expansion of the construction sector in the coming years. The construction industry is a vast field encompassing everything from mining, quarrying, forestry to infrastructure and building development, product manufacturing and supply, and repair, maintenance, and disposal. Plastics incorporated with light stabilizers and UV absorbers are capable of handling light and heat under stringent building and construction situations, enabling professionals to tackle the challenges in the market. The European Union's statistical office based in Luxembourg, Eurostat, revealed in December 2023 that the research and development (R&D) expenditure in the EU rose to €352 billion ($384.42 billion), registering a 6.34% increase from the previous year's €331 billion ($361.48). This elevated demand from the construction sector, therefore, contributes to the market growth of Hindered Amine Light Stabilizers.
What Are The Main Segments Of The Global Hindered Amine Light Stabilizers (HALS) Market?
The hindered amine light stabilizers (HALS) market covered in this report is segmented –
1) By Type: Polymeric, Monomeric, Oligomeric
2) By Application: Plastics, Paints and Coatings, Adhesives and Sealants, Other Applications
3) By End Use Industry: Packaging, Automotive, Agriculture Films, Construction, Other End User Industries
Subsegments:
1) By Polymeric: Long-Chain Polymeric HALS, Multi-Functional Polymeric HALS
2) By Monomeric: Low Molecular Weight Monomeric HALS, High Molecular Weight Monomeric HALS
3) By Oligomeric: Short-Chain Oligomeric HALS, Medium-Chain Oligomeric HALS
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What Emerging Trends Are Influencing The Growth Of The Hindered Amine Light Stabilizers (HALS) Market?
The growth of production spaces is a critical trend influencing the hindered amine light stabilizers (HALS) market. Main entities involved in the hindered amine light stabilizers (HALS) industry are investing in the expansion of their production units to better cater to the surging demand in emerging markets. In this context, BASF, a chemical firm based in Germany, announced in March 2022 its plans to enhance the production capacity for its hindered amine light stabilizers (HALS) at its facilities located in Pontecchio Marconi, Italy, and Lampertheim, Germany. This effort is part of a step-by-step investment plan intended to cater to the growing need for light stabilizers in durable plastic applications. The principal goal of this investment is to improve the supply reliability for global clients.
Who Are the Key Players in the Hindered Amine Light Stabilizers (HALS) Market?
Major companies operating in the hindered amine light stabilizers (HALS) market include:
• ADEKA Corporation
• Beijing Tiangang Auxiliary Co.
• Chitec Technology Co. Ltd.
• Clariant AG
• Double Bond Chemical Ind. Co. Ltd.
• Everlight Chemical Industrial Corp.
• Everspring Chemical Co. Ltd.
• Lambson Limited
• Rianlon Corporation
• SABO S.p.A
• Solvay SA
• SUNSHOW Corp.
• Tokyo Chemical Industry Co. Ltd.
• UNIQCHEM GmbH
• BASF SE
• Arkema Group
• Lycus Ltd.
• Mayzo Inc.
• Songwon Industrial Co. Ltd.
• TinToll Ltd.
• Valtris Specialty Chemicals
• Wellspring Chemical Corporation
• Adeka Palmarole SAS
• AkzoNobel N.V.
• Ampacet Corporation
• Baerlocher GmbH
• Dover Chemical Corporation
• Emery Oleochemicals
• Evonik Industries AG
• Galata Chemicals LLC
• IGM Resins
What Is The Most Dominant Region In The Hindered Amine Light Stabilizers (HALS) Market?
Asia-Pacific was the leading region in the market for hindered amine light stabilizers (HALS) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hindered amine light stabilizers (HALS) market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
