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Hindered Amine Light Stabilizers (HALS) Market - By Type (Monomeric, Oligomeric, Polymeric), By Application (Construction, Agriculture Films, Packaging, Automotive) & By Region (Latin America, North America, Asia Pacific, Europe, Middle East and Africa) –Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022–2027)

Published: January, 2022
ID: 8239
Pages: 175
Formats: report pdf report excel report power bi report ppt

Hindered Amine Light Stabilizers (HALS) Market Analysis Report (2022 - 2027)

Hindered Amine Light Stabilizers (HALS) Market is valued at USD 1.24 billion in 2021 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 8.2 % during the forecast period to become a USD 3.27 billion market in 2026.

Hindered Amine Light Stabilizers (HALS) are the compounds that are added to plastics to make them resistant to UV light. Usually under prolonged exposure to sunlight or other forms of UV Light most polymers begin to degrade and finally, the chemical and structural stability of polymers begins to dissipate, thereby destroying the product that was made with these plastics. In order to prevent that hindered amine light stabilizers (HALS) are added to plastic materials during manufacture.

Recent Developments:

Addivant recently increased its prices on Hindered Amine Light Stabilizers (HALS) owing to increased raw material costs and market conditions. The increase was up to 15% in some cases.

HINDERED AMINE LIGHT STABILIZERS (HALS) MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021– 2026

Base Year

2021

Forecast Period

2022- 2027

CAGR

8.2%

Segments Covered

On the basis of Type, On the basis of Application, On the basis of Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Hindered Amine Light Stabilizers (HALS) Market includes BASF SE (Germany), Clariant AG (Switzerland), SABO S.p.An (Italy), Cytec Solvay Group (Belgium), ADEKA CORPORATION (Japan), Chitec Technology Co. Ltd. (Taiwan), Everspring Chemical Co. Ltd. (Taiwan), Everlight Chemical Industrial Corporation (Taiwan), SUN SHOW (China) and Addivant (US).

Hindered Amine Light Stabilizers (HALS) Market segmentation

On the basis of Type:

The market is separated into Monomeric, Oligomeric, and Polymeric. Polymeric amine stabilizers are longer and hence are more effective in their ability to shield the plastic from UV light.The polymeric segment is projected to be the fastest-growing market during the forecast period of 2021-2026.

On the basis of the Application:

The market is separated into Construction, Agriculture Films, Packaging, and Automotive. Construction sector uses a huge amount of plastic in the form of moisture, vapor and safety barriers. These Sheets of plastic are constantly exposed to sunlight during the day and hence these are a large market for HALS. Agriculture uses greenhouses and cool houses to regulate the temperature and humidity to achieve an optimum balance of both. HALS are widely used in these sheets as well. Automobiles are increasingly being fitted with plastic exteriors that need to be durable and need to be resistant to long term UV exposure.

But most of the consumption of HALS comes from the packaging industry, with the entry of e-commerce websites like Amazon into the retail market, the packaging industry saw enormous growths. Most of this packaging is plastic and it needs to be reinforced with HALS. Packaging market is the largest and is expected to grow with the highest CAGR during the analysis Period.

On the basis of Region:

  • North America
  • Europe 
  • Asia Pacific 
  • Latin America 
  • The Middle East and Africa 

South America, Asia Pacific, Middle East and Africa, and Europe. The Asia Pacific with its growing middle class emerged as a major market for HALS. Asia Pacific to grow with the highest CAGR during 2021-2026.

Hindered Amine Light Stabilizers (HALS) Market key players:

Major companies plying their trade in the Hindered Amine Light Stabilizers (HALS) Market include BASF SE (Germany), Clariant AG (Switzerland), SABO S.p.An (Italy), Cytec Solvay Group (Belgium), ADEKA CORPORATION (Japan), Chitec Technology Co. Ltd. (Taiwan), Everspring Chemical Co. Ltd. (Taiwan), Everlight Chemical Industrial Corporation (Taiwan), SUNSHOW (China) and Addivant (US).BASF SE is the largest chemicals manufacturer by volume as well as by value. It is headquartered in Ludwigshafen, Germany. It was established in 1865 as Badische Anilin und Soda Fabrik. It was headed by Martin Brudermüller who was the CEO as of 2020.

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