Global Hindered Amine Light Stabilizers Market is segmented By Type (Polymeric, Monomeric, Oligomeric), By Molecular Weight (Low Molecular Weight, High Molecular Weight), By Application (Automotive Coating, Construction Coating, Furniture and Wood Coating, Industrial Coating, Marine Coating, Others), By End-User (Automotive, Packaging, Construction, Agriculture Films, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Hindered Amine Light Stabilizers Market Overview
The Global Hindered Amine Light Stabilizers Market is estimated to reach at a high CAGR during the forecast period 2023-2030.
Hindered amine light stabilizers are anti-oxidant containing an amine functional group, used in plastic and polymers as stabilizers. They are one of the most important classes of anti-oxidant for the long-term heat protection of polymers. They trap free radicals, maintain surface properties such as gloss and prevent chalking and cracking of paints.
Increasing demand for UV stabilizers in the growing construction sector, rising urbanization, rising industries for paints & coatings and adhesives & sealants will increase the market in the forecast period.
Hindered Amine Light Stabilizers Market Scope
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Type, By Molecular Weight, By Application, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
Asia Pacific |
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Hindered Amine Light Stabilizers Market Dynamics
Increasing use of hindered amine light stabilizers (HALS) in automobile coating is expected to drive its market
Hindered amine light stabilizers provides UV protection and mechanical resistance to parts of a car's exterior such as body panels made from polypropylene compounds. They make plastic materials strong and stable and ensure that the vibrant, intense color of a car does not turn into a faint memory over time. Transparent elements are protected from yellowing, car parts retain excellent surface appearance even under severe weather conditions. Today, the electrification of transport is one of the significant trends. As per Forbes, the 700% surge in China-based electric carmaker NIO’s stock value and Tesla’s TSLA 415% growth since January show that investor excitement around electric vehicles is building. Global EV sales rose 65% from 2017 to 2018, for a total of 2.1 million vehicles, with sale figures steady through 2019. Hence, increasing automobile industry is expected to drive the hindered amine light stabilizers.
Substitutes of hindered amine stabilizer market is expected to restrain its market
However, substitutes such as light stabilizers and ultraviolet absorbers are to restrain the hindered amine light stabilizers (HALS) market. A product that provides broader UV absorbance in the UV-A, UV-B and UV-C range is synergistic with HALS and conventional organic UV absorbers and is much less expensive than conventional organic UVA for both coatings and plastic applications. This novel, low-cost, and broad utility inorganic UV absorber is targeted for commercialization.
Hindered Amine Light Stabilizers Market Segmentation Analysis
By molecular weight, hindered amine light stabilizers market is segmented into low molecular HALS and high molecular HALS.
Hindered amine light stabilizers with a low molecular weight of about 200 to 500 g/mole are commonly referred to as low molecular weight HALS. In contrast, those with a molecular weight of 2000 or higher are known as high molecular weight HALS. These two classes have different diffusion rates in the polymer matrix, which is an important factor in protecting polymers from UV radiation.
Generally, high molecular weight HALS are more effective long-term heat stabilizers than low molecular weight HALS. Also, very low molecular weight HALS do not provide much thermal stability at all.
Global Hindered Amine Light Stabilizers Market Geographical Share
The Asia-Pacific region holds a significant market share owing to the increasing demand from industries, such as automotive, packaging, and construction. In the Asia-Pacific region, China drives the construction industry of the area. As per industrial analysis, the construction industry is likely to register a growth rate of around 4% over the forecast period. In addition, Asia-Pacific is the most lucrative automobile market. For instance, China's Shanghai Automotive Industry Corporation (SAIC) has consistently exhibited increasing revenue, and South Korea's Hyundai Motor Company stands as the third-largest vehicle manufacturer in the world. Hence, such market trends are anticipated to drive the demand for hindered amine light stabilizer market in the region during the forecast period.
However, COVID-19 has been downsized the demand for automotive in China, which is expected to hinder the market.
Hindered Amine Light Stabilizers Market Companies and Competitive Landscape
The hindered amine light stabilizers (HALS) market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include BASF SE, ADEKA CORPORATION, Chitec Technology Co. Ltd., SUNSHOW, SABO S.p.A, Mayzo Inc., Everspring Chemical Co. Ltd., Everlight Chemical Industrial Corporation, Beijing Tiangang Auxiliary Co., and Qingdao Jade New Material Technology among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the hindered amine light stabilizers (HALS) market globally.
BASF SE
Overview: BASF SE is a German multinational chemical company, headquartered in Ludwigshafen, Germany. It is the largest chemical producer in the world. It comprises subsidiaries and joint ventures in more than 80 countries. Also, the company operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa.
Product Portfolio: The company serves its products in agriculture, automotive & transportation, chemicals, construction, electronics & electric, energy & resources and furniture & wood. The company offers hindered amine light stabilizers under TINUVIN brand.
Key Develpments:
- On January 31, 2020, BASF SE closed the acquisition of Solvay’s polyamide business DOMO Chemicals, Leuna, Germany. It enhances the company’s access to growth markets in Asia as well as in North and South America.
The global hindered amine light stabilizers (HALS) market report would provide an access to an approx. 69 market data table, 64 figures and 228 pages.
