Hindered Amine Light Stabilizer Market is expected to grow at a robust CAGR
Global
Hindered Amine Light Stabilizer Market is expected to grow owing to rising
demand in the construction industry, for packaging materials and automotive
components throughout the forecast period.
According
to TechSci Research report, “Hindered
Amine Light Stabilizer Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028”, the Global Hindered Amine Light
Stabilizer Market is expected to register robust growth during the
forecast period. This is
attributed to the growing adoption of the product in plastic manufacturing.
According to Plastics Europe, global plastic production reached 365.5 million
tons in 2018 and 390.7 million tons in 2021. The expansion of the plastics
industry has further heightened the demand for hindered amine light stabilizers
(HALS). HALS function as radical scavengers, effectively inhibiting the
degradation process of paints and coatings caused by UV radiation. They are
particularly adept at preventing polymer breakdown and maintaining the
structural integrity of materials over an extended period.
Continuous
advancements in chemical engineering and material science present opportunities
for HALS manufacturers to develop more efficient and effective formulations. By
fine-tuning HALS additives to provide superior UV protection, thermal
stability, and extended lifespan, manufacturers can gain a competitive edge in
the market. The diverse range of polymer applications across industries creates
an opening for HALS manufacturers to create tailored solutions for different
polymers. By innovating formulations that address the specific needs of various
polymer types, manufacturers can achieve higher performance levels and enhance
customer satisfaction, enabling HALS to penetrate a broader range of
applications.
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over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Hindered Amine Light Stabilizer Market."
The
Global Hindered Amine Light Stabilizer Market is segmented by type,
application, end-use industry and region. Based on type, the market is
bifurcated into polymeric, monomeric and oligomeric. Based on application, the
market is bifurcated into plastic, paints & coatings, adhesives &
sealants and others. Based on end-use industry, the market is bifurcated into transportation,
building & construction, agriculture and others. Based on region, the
market is further bifurcated into North America, Asia-Pacific, Europe, South
America, Middle East & Africa.
Based
on type, Polymeric
segment is expected to dominate the market during the forecast period. The polymeric segment encompasses a wide range
of industries, including automotive, construction, packaging, electronics,
textiles, and more. HALS additives are utilized in various polymers to enhance
their stability and performance, addressing the specific requirements of each
application. Polystyrene and ABS polymers are commonly found in electronics,
appliances, and consumer goods, where HALS additives ensure the preservation of
their performance and aesthetics under light and heat exposure. Polyesters, on
the other hand, are extensively used in textiles, automotive components, and
packaging, with HALS additives providing protection against UV-induced
degradation, thereby safeguarding the material's properties and aesthetics.
Based
on application, Plastics segment is projected to dominate the market throughout
the forecast period. Plastics are widely utilized in various applications that
are exposed to sunlight, which can result in degradation, color fading, and a
decline in mechanical properties. The plastics sector of the HALS market is
driven by the imperative to provide effective UV protection, thereby ensuring
the quality and appearance of plastic-based products. Plastic materials find
application in construction, such as windows, doors, roofing, and insulation.
HALS additives augment the durability and resistance of these materials against
environmental stressors, rendering them suitable for outdoor usage. Industries
are actively seeking materials that offer improved quality and longevity. HALS
additives play a crucial role in upholding the structural integrity,
aesthetics, and functionality of plastic materials, aligning with the global
trend towards longer-lasting products.
Key
market players in the Global Hindered Amine Light Stabilizer Market are:-
- Clariant
AG
- ADEKA
Corporation
- BASF
SE
- Solvay
S.A.
- SABO
S.p.A.
- Greenchemicals
SpA
- Rianlon
Corporation
- Everlight
Chemical Industrial Corp.
- Chitec
Technology Co. Ltd.
- Double
Bond Chemical Ind. Co. Ltd.
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“Asia
Paciifc is expected to be the dominating region during the forecast period.
Infrastructure projects in countries like China and India are driving the
demand for construction materials that offer longevity and high performance.
HALS additives play a crucial role in safeguarding construction materials, such
as PVC profiles and roofing, against degradation caused by UV exposure. As
economies in the Asia-Pacific region continue to grow, there is significant
potential for HALS manufacturers to establish themselves in these emerging
markets. The increasing demand for durable and UV-stable materials creates a
favorable environment for the adoption of HALS. With ongoing technological
advancements and intensified research activities in the region, there is an
opportunity to develop innovative HALS formulations that provide superior UV
protection, stability, and overall performance.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Hindered
Amine Light Stabilizer Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028 Segmented By Type (Polymeric, Monomeric
and Oligomeric), By Application (Plastic, Paints & Coatings, Adhesives
& Sealants and Others), By End-use Industry (Transportation, Building &
Construction, Agriculture and Others), By Region, Competition,” has evaluated the future growth
potential of Global Hindered Amine Light Stabilizer Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Hindered Amine Light Stabilizer Market.
Contact
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Techsci Research
LLC
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