The Hindered Amine Light Stabilizers (HALS) Global Market Report 2023 by The Business Research Company, provides hindered amine light stabilizers (HALS) market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Hindered Amine Light Stabilizers (HALS) Global Market Report 2023, the market size grew from $1.07 billion in 2022 to $1.23 billion in 2023 at a compound annual growth rate (CAGR) of 15.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The Hindered Amine Light Stabilizers (HALS) market size is expected to grow to $2.11 billion in 2027 at a CAGR of 14.3%.
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.
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The hindered amine light stabilizers (HALS) market is segmented:
1) By Type: Polymeric, Monomeric, and Oligomeric
2) By Application: Plastics, Paints and Coatings, Adhesives and Sealants, and Other Applications
3) By End Use Industry: Packaging, Automotive, Agriculture, Films, Construction, Other End User Industries
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.
The hindered amine light stabilizers (HALS) market report table of contents includes:
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Top Major Players
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