Global Hindered Amine Light Stabilizers Hals Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 1.07 Billion |
 Market Size (Forecast Year) |
USD 1.86 Billion |
 CAGR |
% |
| Major Markets Players |
Global Hindered Amine Light Stabilizers (HALS) Market, By Type (Monomeric, Oligomeric, Polymeric), Product Type (HALS 622, HALS 770, HALS 944, Other), End User (Packaging, Automotive, Agriculture Films, Construction, Other End-Use Industry), Application (Plastics, Paints and Coatings, Adhesives and Sealants, Others) – Industry Trends and Forecast to 2029
Hindered Amine Light Stabilizers (HALS) Market Analysis and Size
The global hindered amine light stabilizers (HALS) market is expected to witness significant growth during the forecast period. The growth is mainly due to the growing construction industry, rising demand for packaging materials, automotive components increasing demand for highly effective additives and growing demand for UV resistant coated polymers, plastics and wood products. The “polymeric hindered amine light stabilizers “is the fastest growing type segment over the forecast period because it is used in adhesives and sealants, plastics, paints and coatings, and others used in several verticals such as construction, packaging, automotive, agriculture films, and others. Thus, hindered amine light stabilizers (HALS) market is expected to rise high in the above mentioned forecast period.
Data Bridge Market Research analyses that the hindered amine light stabilizers (HALS) market is expected to undergo a CAGR of 7.15% during the forecast period. This indicates that the market value, which was USD 1.07 billion in 2021, would rocket up to USD 1.86 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Historic Years |
2020 (Customizable to 2014 - 2019) |
|
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
|
Segments Covered |
Type (Monomeric, Oligomeric, Polymeric), Product Type (HALS 622, HALS 770, HALS 944, Other), Verticals (Agriculture Films, Automotive, Construction, Packaging, Other) |
|
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
|
Market Players Covered |
Adeka Corporation (Japan), BASF SE (Germany), Beijing Tiangang Auxiliary Co., Ltd (China), Chitec Technology Co., Ltd. (Taiwan), Clariant (Switzerland), Double Bond Chemical Ind., Co., Ltd. (Taiwan), Everlight Chemical Industrial Co.(Taiwan), Mayzo, Inc. (U.S.), SABO S.p.A. (Italy), Solvay (Belgium), SUNSHOW (Yantai) Specialty Chemical Co., Ltd (China), SOLVAY (Belgium), MPI Chemie (Netherland), Arkema (France), Greenchemicals S.r.l. (Italy), Rianlon Corporation (China) |
|
Market Opportunities |
|
Market Definition
Hindered amine light stabilizers (HALS) are those chemical compounds which is containing an amine group that are used as stabilizers in polymers and plastics. Hindered amine light stabilizers (HALS) prevent polymer coatings through photo-oxidative damage by the formation of nitroxide radicals, which consequently consume damaging radical species in a process called denisov cycle.
Hindered Amine Light Stabilizers (HALS) Market Dynamics
Drivers
- Growing investments and increased strategies
The rapidly growing demand for hindered amine light stabilizers (HALS) from a growing number of polymer, plastic and automotive industry participants in several region and the continually increasing foreign investments in the hindered amine light stabilizers (HALS) industry are expected to drive the market growth. The growing consumption of plastic specifically in emerging economies, thus preparing a strong base for the for the hindered amine light stabilizers (HALS) market.
- Rising demand of hindered amine light stabilizers (HALS) in packaging industry
The growth of the hindered amine light stabilizers (HALS) is also witnessed by the rapidly increasing demand of HALS for packaging of food products in packaging automotive industry. The manufacturers are seeking for high performance and higher quality packaging materials with long-term durability and endure extended exposure to sunlight properties. The rising demand of HALS are expected to drive the market growth rate.
Furthermore, growing demand of UV stabilizers in the developing economies, rising urbanization, growing construction sector, rising industries for paints and coatings and mounting developmental and cross industry collaboration activities are some factors which are expected to enhance the hindered amine light stabilizers (HALS) growth of the market in the forecast period of 2022 to 2029
Opportunities
- Growth in construction industry
The development in the construction industry is expected to boost the demand of the hindered amine light stabilizers (HALS) in upcoming years. Construction is an extensive sector that involves anything from forestry, mining and quarrying to infrastructure and building construction. Moreover, the surging construction industry and investments by market players further offer numerous growth opportunities within the market. For instance, U.S. construction industry witnessed for $2600.94 billion in 2020 and is anticipated to grow to $3486.93 billion by 2025. The normal spending is nearly $1,231 billion every year in the USA construction industry Therefore, the rising demand for the construction industry drives the market growth rate.
Furthermore, increasing demand for sealants and adhesives in automotive parts will increase several opportunities for hindered amine light stabilizers (HALS) market during the forecast period of 2022-2029.
Restraints/Challenges
- High cost associated with HALS
Fluctuating prices of raw materials and high cost of manufacturing are obstructing the growth of the hindered amine light stabilizers (HALS) market growth. The rise in the prices of raw materials enforced manufacturers to increase prices of HALS.
- Strict regulations associated with the use of HALS
The implementation of strict regulations with the use of HALS in certain applications are expected to restraint the demand of the hindered amine light stabilizers (HALS) and obstruct the growth of the market.
This hindered amine light stabilizers (HALS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hindered amine light stabilizers (HALS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Hindered Amine Light Stabilizers (HALS) Market
The outbreak of coronavirus had an adverse impact on the hindered amine light stabilizers (HALS) market. As a result of this pandemic, the government has implemented stringent regulations which has severally affected the growth of the hindered amine light stabilizers (HALS) market. The primary users of hindered amine light stabilizers (HALS) such as construction, packaging, automotive and other industry which has also shut down their production activities due to the decline in the demand of hindered amine light stabilizers (HALS) globally. Also, the majority of hindered amine light stabilizers (HALS) raw materials providers in this market has close down their supplies and the major suppliers turned their priority to providing pandemic relief. Thus, covid-19 has major impact on hindered amine light stabilizers (HALS) market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In April 2021, Clariant is a chemical company which has launched a light stabilizer production facility, including hindered amine light stabilizer production. Beijing Tiangang Auxiliary Co., Ltd and Clariant which is a Switzerland and china based supplier and manufacturer of light stabilizers jointly own this manufacture facility. It allows Tiangang and Clariant to develop their strong partnership by increasing their capacity to meet the demand for high process and light stabilizers from local growth sectors such as textiles, automotive, and coatings.
- In July 2021, Sabo S.p.A is a world leader company in the manufacturing of hindered amine light stabilizers (HALS) which has entered into a partnership with SONGWON Industrial Co., Ltd. This deal will allow both the organizations to expand opportunities and maintain their leading market position outside of Europe, mainly in the areas of agricultural and automotive and applications as well as in the building as construction sector.
Global Hindered Amine Light Stabilizers (HALS) Market Scope
The hindered amine light stabilizers (HALS) market is segmented on the basis of type, product type end user and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Monomeric
- Oligomeric
- Polymeric
Product Type
- HALS 622
- HALS 770
- HALS 944
- Other
End User
- Packaging
- Automotive
- Agriculture Films
- Construction
- Others
Application
- Plastics
- Paints and Coatings
- Adhesives and Sealants
- Others
Hindered Amine Light Stabilizers (HALS) Market Regional Analysis/Insights
The hindered amine light stabilizers (HALS) market is analysed and market size insights and trends are provided by country, type, product type, end user and application as referenced above.
The countries covered in the hindered amine light stabilizers (HALS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the hindered amine light stabilizers (HALS) market due to the evolving economic conditions and increasing consumption of coatings, paints, adhesives, and sealants in this region.
North America will continue to project the highest compound annual growth rate during the forecast of 2022-2029 due to the increasing elderly population and growing construction sector in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hindered Amine Light Stabilizers (HALS) Market Share Analysis
The hindered amine light stabilizers (HALS) Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hindered amine light stabilizers (HALS) Market.
Some of the major players operating in the hindered amine light stabilizers (HALS) market are:
- Adeka Corporation (Japan)
- BASF SE (Germany)
- Beijing Tiangang Auxiliary Co., Ltd (China)
- Chitec Technology Co., Ltd. (Taiwan)
- Clariant (Switzerland)
- Double Bond Chemical Ind., Co., Ltd. (Taiwan)
- Everlight Chemical Industrial Co.(Taiwan)
- Mayzo, Inc.(U.S.)
- SABO S.p.A. (Italy)
- Solvay (Belgium)
- SUNSHOW (Yantai) Specialty Chemical Co., Ltd (China)
- SOLVAY (Belgium)
- MPI Chemie (Netherlands)
- Arkema (France)
- Greenchemicals S.r.l. (Italy)
- Rianlon Corporation (China)
SKU-
Get online access to the report on the World's First Market Intelligence Cloud
- Interactive Data Analysis Dashboard
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
- Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
