Hindered Amine Light Stabilizers Market Size And Forecast
The Global Hindered Amine Light Stabilizers Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Hindered Amine Light Stabilizers Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Hindered Amine Light Stabilizers Market was valued at USD 790 Billion in 2019 and is projected to reach USD 1,415.47 Billion by 2027, growing at a CAGR of 7.6% from 2020 to 2027.
What are Hindered Amine Light Stabilizers?
Hindered amine light stabilizers (HALS) are chemical compounds used as stabilizers in polymers and plastics containing an amine functional group. They are used to protect the polymers from the photo-oxidation effect. HALS inhibits degradation of polymers by removing free radicals cyclically and continuously that are produces due to photo-oxidation of the polymer. HALS are also used as thermal stabilizers in low and moderate temperatures but are less effective than traditional phenolic antioxidants at a higher temperature. HALS can be used as metal deactivators, photo-stabilizers as well as anti-oxidants. They are highly effective in polyurethane, polyethylene, and polyolefins.
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Global Hindered Amine Light Stabilizers Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The rising demand for polymers and UV resistant coated plastics in various commercial and industrial applications is likely to boost the market over the forecasted period. The use of only FDA and EU approved HALS products due to strict government regulations is expected to drive the market in the coming years. Also, growing demand for highly effective additives in adhesives, plastics, and polymers for architectural coatings in residential, commercial and institutional sectors is likely to fuel the market over the predicted years.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Hindered Amine Light Stabilizers Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Hindered Amine Light Stabilizers Market Competitive Landscape
The “Global Hindered Amine Light Stabilizers Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as 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., and Double Bond Chemical Ind., Co., Ltd. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Hindered Amine Light Stabilizers Market, By Type
Hindered Amine Light Stabilizers Market, By Application
• Paints & Coatings
o Automobile coatings
o Industrial & Protective coatings
o Architectural & Construction Coatings
o Wood Coatings
• Adhesives & Sealants
Hindered Amine Light Stabilizers Market, By End-User
• Agriculture Films
Hindered Amine Light Stabilizers Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World