Hindered Amine Light Stabilizers Market - Forecast(2024 - 2030)
Hindered Amine Light Stabilizers Market Overview
Hindered Amine Light Stabilizers market size is projected to reach US$1.6 billion by 2027, after growing at a CAGR of 7.1% during the forecast period 2022-2027. Hindered amine light stabilizers (HALS) are amine-based chemical compounds that can be employed as effective polymers, polyolefins and plastic stabilizers and avoid polymer degradation. These chemicals are tetramethylpiperidine derivatives that are primarily employed to protect polymers against photo-oxidation and Hindered amine light stabilizers have been proven to be highly effective in polyethene, polyolefins, polymer degradation, ozonolysis and polyurethane. Increasing demand for HALSs in emerging markets, a growing construction sector, rising urbanization, emerging industries for paints and coatings and cross-industry collaboration activities are some of the factors that will likely boost market growth during the forecast period. The covid-19 pandemic majorly impacted the market due to restricted production, supply chain disruption, logistics restrictions and a fall in demand. However, with robust growth and flourishing applications across major industries such as transportation, agriculture and others, the hindered amine light stabilizers (HALS) industry is anticipated to grow rapidly during the forecast period.
Report Coverage
The report: “Hindered Amine Light Stabilizers Market Report – Forecast (2022-2027)”
by IndustryARC, covers an in-depth analysis of the following segments in the hindered amine light stabilizers
(HALS) industry.
Key takeaways
- Asia-Pacific dominates the Hindered Amine Light Stabilizers market size, owing to the developing economic conditions and rising consumption of paints, adhesives, coatings and sealants in the region.
- The Hindered Amine Light Stabilizers (HALS) industry will see numerous opportunities throughout the forecast period due to the rising demand for adhesives and sealants in automotive parts and expansion in the construction industry.
- Hindered Amine Light Stabilizers (HALS), a tetramethylpiperidine derivative is used as a coating substrate in flooring, furniture, decking and other applications in both the home and commercial sectors. As a result, the growing use of plastic and wood in the construction and automotive industries is expected to drive hindered amine light stabilizers market size.
Figure: Hindered Amine Light Stabilizers Market Revenue Share, By Geography, 2021 (%)
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Hindered Amine Light Stabilizers Market Segment Analysis – by Type
The Polymeric segment held a significant share in the Hindered Amine Light Stabilizers market share in 2021 and is projected to grow at a CAGR of 7.2% during the forecast period 2022-2027. A polymeric stabilizer is a chemical substance that is used to prevent polymer degradation. To protect the material's core, polymeric hindered amine light stabilizers are utilized and are the most effective additive for polyolefins’ light stabilization. The market for hindered amine light stabilizers is expanding due to their use in plastics, paints and coatings, adhesives and sealants. Due to these extensive properties and rising consumer demand from various industries such as automotive, construction, packaging, agriculture and others, the polymeric segment dominated the market.
Hindered Amine Light Stabilizers Market Segment Analysis – by End-use Industry
The Building & Construction segment held a significant share in the Hindered Amine Light Stabilizers market share in 2021 and is projected to grow at a CAGR of 7.5% during the forecast period 2022-2027. Hindered amine light stabilizers provide unique solutions for persistent adherence to various surfaces under all weathering circumstances, including UV light and heat, to prevent polymer degradation, highly effective thermal stabilizers for longer polymers and polyolefins articles service life and to preserve dependable adhesion and long-term bonding, due to which there is an increasing demand for hindered amine light stabilizers in the construction industry. According to the U.S Census Bureau, the seasonally adjusted annual rate of construction in the United States increased from US$1,553,547 in April 2021 to US$1,744,801 in April 2022. According to Oxford Economics, the global construction output in 2020 was US$10.7 trillion 2020 and is expected to reach US$15.2 trillion by 2030. Thus, these factors are expected to raise demand for hindered amine light stabilizers by increasing demand for the building & construction industry.
Hindered Amine Light Stabilizers Market Segment Analysis – by Geography
The Asia-Pacific segment held a significant share in the Hindered Amine Light Stabilizers market share in 2021 up to 42%. According to International Trade Administration, between 2022 and 2030, China is expected to grow at an annual rate of 8.6% on average, making it the world's largest construction market. The building and construction sector is growing rapidly in Asia-Pacific owing to a major development in infrastructural projects, emphasis on affordable housing units and modular building technology. According to Japan's Ministry of Land, Infrastructure, Transport and Tourism, the construction order for new houses rose to 32.3% in June 2021, compared to -13.4% in June 2020. Furthermore, the Make in India campaign by the Government of India plans to achieve infrastructural investment worth US$965.5 million by the year 2040. This is anticipated to boost the hindered amine light stabilizers (HALS) industry in the Asia-Pacific region during the forecast period.
Hindered Amine Light Stabilizers Market Drivers
Rising Demand for the Plastic Industry:
Hindered amine light stabilizer is utilized in both the residential and
commercial sectors as a coating substrate in flooring, furniture, decking and
other applications. As a result, the increasing usage of plastic and wood in
construction and the automotive industry is likely to fuel market growth. For
instance, According to the American Chemistry Council, the production
of plastic resins, which serve as the foundation for all plastic products,
increased by 0.9 percent in 2020, compared to 1.2 percent in 2019. According to
the UN Environment Programme, Global primary plastic production is expected to
exceed 1,100 million tonnes by 2050. Thus, the increased demand for plastic in
various end-use sectors is providing a significant drive and growth in the hindered amine light stabilizers market.
Bolstering Growth of the Automotive Industry:
Hindered Amine Light
Stabilizers (HALS) are primarily utilized in the automotive industry to provide
exceptional UV endurance in interior and exterior applications, even when
subjected to prolonged UV exposure. The growing demand for automotive components and coatings is also
boosting the worldwide HALS industry. For Instance, according to the European
Automobile Manufacturer Association (ACEA), hybrid electric vehicles accounted
for 19.6% of all passenger cars registered in 2021 in the EU, up from 11.9% in
2020. According to India Brand Equity Foundation (IBEF), India’s domestic
automobile production increased at a 2.36 percent CAGR from FY16 to FY20, with
26.36 million vehicles produced in FY20. Thus, these factors are
expected to raise demand for hindered amine light stabilizers by increasing
demand for the automobile industry.
Hindered Amine Light Stabilizers Market Challenges
Fluctuations in Raw Material Prices:
To
manufacture Hindered Amine Light Stabilizers (HALS),
a variety of raw ingredients are used, including CDON, CYC, benzoyl chloride,
benzene, aluminum chloride, sodium nitrite, acetic acid, Tinuvin, TAA and 3-benzaphthalides.
The choice of raw materials is made following the demands and specifications of
the intended end-use. The price changes of CDON, CYC, benzene, aluminum
chloride and amine are significantly influenced by the raw material market for
HALS, which is very volatile. The cost of manufacturing can be negatively
impacted by changes in the availability and price of raw materials,
particularly TAA, CDON, CYC and chlorides, which are subject to price
fluctuations. Thus, owing to the factors such as fluctuations in raw material
prices and availability, the hindered
amine light stabilizers market faces a major challenge.
Hindered Amine Light Stabilizers (HALS) Industry Outlook
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the hindered amine light stabilizers market. The top 10
companies in the hindered amine light stabilizers 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.
Recent Developments
- In March 2022, BASF will expand its capacity for plastic additives throughout Europe. Capacity expansion will boost HALS light stabilizer manufacturing in Italy and Germany.
- In August 2021, Clean Science & Technology (CSTL) announced the launch of its Hindered Amine Light Stabilizers (HALS) series. CSTL was India's first business to develop the HALS series.
- In March 2019, SABO's debuted its new light stabilizer system, SABO®STAB UV 216, which was specifically created for harsh agricultural applications and offered the industry another solution with unsurpassed performance.
Relevant Reports
Report Code: CMR 0148
Report Code: CMR 0277
Report Code: ESR 0168
For more Chemicals and Materials Market reports, please click here
LIST OF TABLES
1.Global HALS Market By Type Market 2023-2030 ($M)1.1 Polymeric Market 2023-2030 ($M) - Global Industry Research
1.2 Monomeric Market 2023-2030 ($M) - Global Industry Research
1.3 Oligomeric Market 2023-2030 ($M) - Global Industry Research
2.Global HALS Market By End-Use Industry Market 2023-2030 ($M)
2.1 Automotive Market 2023-2030 ($M) - Global Industry Research
2.2 Packaging Market 2023-2030 ($M) - Global Industry Research
2.3 Agriculture Films Market 2023-2030 ($M) - Global Industry Research
2.4 Construction Market 2023-2030 ($M) - Global Industry Research
3.Global Competitive Landscape HALS Market Market 2023-2030 ($M)
3.1 Competitive Leadership Mapping Market 2023-2030 ($M) - Global Industry Research
3.1.1 Strength of Product Portfolio Market 2023-2030 ($M)
3.2 Competitive Benchmarking Market 2023-2030 ($M) - Global Industry Research
3.2.1 Business Strategy Excellence Market 2023-2030 ($M)
3.3 Market Share Analysis Market 2023-2030 ($M) - Global Industry Research
4.Global HALS Market By Type Market 2023-2030 (Volume/Units)
4.1 Polymeric Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Monomeric Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Oligomeric Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global HALS Market By End-Use Industry Market 2023-2030 (Volume/Units)
5.1 Automotive Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Packaging Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Agriculture Films Market 2023-2030 (Volume/Units) - Global Industry Research
5.4 Construction Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Competitive Landscape HALS Market Market 2023-2030 (Volume/Units)
6.1 Competitive Leadership Mapping Market 2023-2030 (Volume/Units) - Global Industry Research
6.1.1 Strength of Product Portfolio Market 2023-2030 (Volume/Units)
6.2 Competitive Benchmarking Market 2023-2030 (Volume/Units) - Global Industry Research
6.2.1 Business Strategy Excellence Market 2023-2030 (Volume/Units)
6.3 Market Share Analysis Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America HALS Market By Type Market 2023-2030 ($M)
7.1 Polymeric Market 2023-2030 ($M) - Regional Industry Research
7.2 Monomeric Market 2023-2030 ($M) - Regional Industry Research
7.3 Oligomeric Market 2023-2030 ($M) - Regional Industry Research
8.North America HALS Market By End-Use Industry Market 2023-2030 ($M)
8.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
8.2 Packaging Market 2023-2030 ($M) - Regional Industry Research
8.3 Agriculture Films Market 2023-2030 ($M) - Regional Industry Research
8.4 Construction Market 2023-2030 ($M) - Regional Industry Research
9.North America Competitive Landscape HALS Market Market 2023-2030 ($M)
9.1 Competitive Leadership Mapping Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Strength of Product Portfolio Market 2023-2030 ($M)
9.2 Competitive Benchmarking Market 2023-2030 ($M) - Regional Industry Research
9.2.1 Business Strategy Excellence Market 2023-2030 ($M)
9.3 Market Share Analysis Market 2023-2030 ($M) - Regional Industry Research
10.South America HALS Market By Type Market 2023-2030 ($M)
10.1 Polymeric Market 2023-2030 ($M) - Regional Industry Research
10.2 Monomeric Market 2023-2030 ($M) - Regional Industry Research
10.3 Oligomeric Market 2023-2030 ($M) - Regional Industry Research
11.South America HALS Market By End-Use Industry Market 2023-2030 ($M)
11.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
11.2 Packaging Market 2023-2030 ($M) - Regional Industry Research
11.3 Agriculture Films Market 2023-2030 ($M) - Regional Industry Research
11.4 Construction Market 2023-2030 ($M) - Regional Industry Research
12.South America Competitive Landscape HALS Market Market 2023-2030 ($M)
12.1 Competitive Leadership Mapping Market 2023-2030 ($M) - Regional Industry Research
12.1.1 Strength of Product Portfolio Market 2023-2030 ($M)
12.2 Competitive Benchmarking Market 2023-2030 ($M) - Regional Industry Research
12.2.1 Business Strategy Excellence Market 2023-2030 ($M)
12.3 Market Share Analysis Market 2023-2030 ($M) - Regional Industry Research
13.Europe HALS Market By Type Market 2023-2030 ($M)
13.1 Polymeric Market 2023-2030 ($M) - Regional Industry Research
13.2 Monomeric Market 2023-2030 ($M) - Regional Industry Research
13.3 Oligomeric Market 2023-2030 ($M) - Regional Industry Research
14.Europe HALS Market By End-Use Industry Market 2023-2030 ($M)
14.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
14.2 Packaging Market 2023-2030 ($M) - Regional Industry Research
14.3 Agriculture Films Market 2023-2030 ($M) - Regional Industry Research
14.4 Construction Market 2023-2030 ($M) - Regional Industry Research
15.Europe Competitive Landscape HALS Market Market 2023-2030 ($M)
15.1 Competitive Leadership Mapping Market 2023-2030 ($M) - Regional Industry Research
15.1.1 Strength of Product Portfolio Market 2023-2030 ($M)
15.2 Competitive Benchmarking Market 2023-2030 ($M) - Regional Industry Research
15.2.1 Business Strategy Excellence Market 2023-2030 ($M)
15.3 Market Share Analysis Market 2023-2030 ($M) - Regional Industry Research
16.APAC HALS Market By Type Market 2023-2030 ($M)
16.1 Polymeric Market 2023-2030 ($M) - Regional Industry Research
16.2 Monomeric Market 2023-2030 ($M) - Regional Industry Research
16.3 Oligomeric Market 2023-2030 ($M) - Regional Industry Research
17.APAC HALS Market By End-Use Industry Market 2023-2030 ($M)
17.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
17.2 Packaging Market 2023-2030 ($M) - Regional Industry Research
17.3 Agriculture Films Market 2023-2030 ($M) - Regional Industry Research
17.4 Construction Market 2023-2030 ($M) - Regional Industry Research
18.APAC Competitive Landscape HALS Market Market 2023-2030 ($M)
18.1 Competitive Leadership Mapping Market 2023-2030 ($M) - Regional Industry Research
18.1.1 Strength of Product Portfolio Market 2023-2030 ($M)
18.2 Competitive Benchmarking Market 2023-2030 ($M) - Regional Industry Research
18.2.1 Business Strategy Excellence Market 2023-2030 ($M)
18.3 Market Share Analysis Market 2023-2030 ($M) - Regional Industry Research
19.MENA HALS Market By Type Market 2023-2030 ($M)
19.1 Polymeric Market 2023-2030 ($M) - Regional Industry Research
19.2 Monomeric Market 2023-2030 ($M) - Regional Industry Research
19.3 Oligomeric Market 2023-2030 ($M) - Regional Industry Research
20.MENA HALS Market By End-Use Industry Market 2023-2030 ($M)
20.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
20.2 Packaging Market 2023-2030 ($M) - Regional Industry Research
20.3 Agriculture Films Market 2023-2030 ($M) - Regional Industry Research
20.4 Construction Market 2023-2030 ($M) - Regional Industry Research
21.MENA Competitive Landscape HALS Market Market 2023-2030 ($M)
21.1 Competitive Leadership Mapping Market 2023-2030 ($M) - Regional Industry Research
21.1.1 Strength of Product Portfolio Market 2023-2030 ($M)
21.2 Competitive Benchmarking Market 2023-2030 ($M) - Regional Industry Research
21.2.1 Business Strategy Excellence Market 2023-2030 ($M)
21.3 Market Share Analysis Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)2.Canada Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
3.Mexico Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
4.Brazil Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
5.Argentina Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
6.Peru Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
7.Colombia Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
8.Chile Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
9.Rest of South America Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
10.UK Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
11.Germany Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
12.France Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
13.Italy Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
14.Spain Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
15.Rest of Europe Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
16.China Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
17.India Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
18.Japan Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
19.South Korea Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
20.South Africa Hindered Amine Light Stabilizers Market Revenue, 2023-2030 ($M)
21.North America Hindered Amine Light Stabilizers By Application
22.South America Hindered Amine Light Stabilizers By Application
23.Europe Hindered Amine Light Stabilizers By Application
24.APAC Hindered Amine Light Stabilizers By Application
25.MENA Hindered Amine Light Stabilizers By Application
26.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Cytec Solvay Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Clariant AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Adeka Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Everlight Chemical Industrial Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Sabo S.P.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Double Bond Chemical Ind. Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Beijing Tiangang Auxiliary Co, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Additional Companies HALS Market, Sales /Revenue, 2015-2018 ($Mn/$Bn)