Hindered Amine Light Stabilizers (HALS) Global Market Report 2024 by The Business Research Company |ADEKA Corporation, Beijing Tiangang Auxiliary Co., Chitec Technology Co. Ltd., Clariant AG, Double Bond Chemical Ind. Co. Ltd., Everlight Chemical Industri

The hindered amine light stabilizers (hals) market size has grown rapidly in recent years. It will grow from $1.24 billion in 2023 to $1.43 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to demand for uv radiation protection, increased polymer stabilization, expansion of automotive industry, increasing demand for coatings and paints, rise in plastic packaging.

The hindered amine light stabilizers (hals) market size is expected to see rapid growth in the next few years. It will grow to $2.51 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to increasing green and sustainable materials, demand from packaging industry, regulations and compliance, increasing automotive electrification, increasing demand from aerospace and defense. Major trends in the forecast period include uv protection in polymers, improved weathering resistance, nanotechnology integration, antioxidant combinations, antioxidant combinations, evolving hals chemistry.

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Hindered Amine Light Stabilizers (HALS) Market Major Segments
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

Key Driver - Rising Construction Industry Driving Demand For Hindered Amine Light Stabilizers (HALS)

The growth in the construction industry is projected to fuel the demand for hindered amine light stabilizers (HALS) over the coming years. Construction is a wide industry that involves anything from mining, quarrying, and forestry to infrastructure and building construction, product manufacturing and supply, and repair, service, and disposal. Plastics with light stabilizers and UV absorbers can handle light and heat in challenging building and construction conditions, assisting specialists in overcoming the market's difficulties. For instance, the US construction industry accounted for $2600.94 billion in 2020 and is expected to grow to $3486.93 billion by 2025 at a compound annual growth rate (CAGR) of 6.0%. The average spending of the USA construction industry is nearly $1,231 billion every year. Therefore, the growth demand for the construction industry drives the growth of the hindered amine light stabilizers market.

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Prominent Trend - Production Facility Expansion Shaping The Hindered Amine Light Stabilizers (HALS) Market

The expansion of production facilities is a key trend shaping the hindered amine light stabilizers (HALS) market. Major players operating in the hindered amine light stabilizers (HALS) sector are focusing on production facility expansions to improve their capacity to meet rising demand from emerging markets. For instance, in April 2021, Clariant, a Switzerland-based specialty chemical company, revealed the beginning of a new world-class process and light stabilizer production facility, including hindered amine light stabilizer production. Clariant and Beijing Tiangang Auxiliary Co., Ltd. (Tiangang), a China-based manufacturer and provider of light stabilizers, jointly own this production facility. It enables Clariant and Tiangang to build on their strong partnership by enhancing their capacity to meet China's rising demand for high-process and light stabilizers from local growth sectors such as automotive, textiles, and coatings.

Hindered Amine Light Stabilizers (HALS) Market Players
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, Kemin Industries Inc., 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, Chemtura Corporation, Cytec Industries Inc., Dover Chemical Corporation, Emery Oleochemicals, Evonik Industries AG, Galata Chemicals LLC, IGM Resins

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the leading region in the market for hindered amine light stabilizers market in 2023. 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.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hindered Amine Light Stabilizers (HALS) Market Report Structure
3. Hindered Amine Light Stabilizers (HALS) Market Trends And Strategies
4. Hindered Amine Light Stabilizers (HALS) Market - Macro Economic Scenario
5. Hindered Amine Light Stabilizers (HALS) Market Size And Growth
…..
27. Hindered Amine Light Stabilizers (HALS) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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