Global Hindered Amine Light Stabilizers (HALS) Market to Grow at a CAGR of 7.3% During 2024-2032, Driven by the Extensive Application of HALS in the Automotive And Plastics Sectors

The Asia Pacific accounts for a significant market share as HALS finds application in paint and coating, plastic, and automotive sectors. The rapid urbanisation in economies like China and India creates a demand for paint and coatings, and the growing automotive sector in China, Japan, and South Korea further aids the hindered amine light stabilizers (HALS) market growth.

Additionally, urbanisation in the Asia Pacific region and the growth of e-commerce platforms are leading to a rise in the demand for sturdy, creative, and appealing packaging to meet evolving customer expectations. Packaging further plays a crucial role in the medical sector due to the safe delivery and shelf life of specialised medical equipment and pharmaceutical products. The use of HALS as a raw material for such packaging materials supports the market growth.

The growing investments in production capacity expansion support the market expansion. In March 2022, BASF SE (NYSE: BF) increased the production of HALS at sites located in Pontecchio Marconi, Italy, and Lampertheim, Germany, due to the growing demand for sustainable materials used in sectors, including automotive and construction.

The goal of BASF's multi-phase investment strategy was to meet the rising demand for light stabilizers used in applications involving durable polymers while also enhancing supply security for clients around the world. HALS Tinuvin®, Chimassorb®, and Uvinul® are powerful barriers to degradation brought on by free radicals and also play a critical role in shielding polymers from UV rays. Such investments are expected to expand the market size in the forecast period.

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Market Analysis by Product Type, Application, End-User Industry, and Region:

• The market, on the basis of product type, can be divided into polymeric, monomeric, and oligomeric.

• Based on application, the market can be divided into plastics, paints and coatings, and adhesives and sealants, among others.

• Based on end-user industry, the market can be divided into packaging, automotive, agriculture, films, and construction, among others.

• The major regional markets for hindered amine light stabilizers (HALS) include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• HALS provide excellent light stability for thin applications and are resistant to extraction. The extensive use and requirement of good-quality packaging in sectors like medical, e-commerce, automotive, and others drive the hindered amine light stabilizers (HALS) market expansion.

• HALS has great solubility in coating and sealants, thus UV absorbers and hindered amine light stabilizers (HALSs) are combined to successfully retain paint gloss and improve weather resistance by preventing UV-induced deterioration of paints and coatings, yellowing, and chalking.

• The rising construction activities and escalating sales of electric and hybrid vehicles support the market expansion of hindered amine light stabilizers (HALS).

• The increasing investment in the sustainable plastics sector positively influences the hindered amine light stabilizer (HALS) market.

Key Offerings of the Report:

• The EMR report gives an overview of the global hindered amine light stabilizers (HALS) market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the product types, applications, end users, and regions of hindered amine light stabilizers (HALS).

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global hindered amine light stabilizers (HALS) market are Adeka Corporation, BASF SE, Chitec Technology Co., Ltd, Clariant AG, Everlight Chemical Industrial Corporation, Mayzo, Inc., SABO S.p.a, Solvay S.A., MPI Chemie B.V., and Arkema S.A, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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