Hindered Amine Light Stabilizers (HALS) Global Market Report 2022

Hindered Amine Light Stabilizers (HALS) Global Market Report 2022

  • May 2022 •
  • 175 pages •
  • Report ID: 6281591 •
  • Format: PDF
Major players in the HALS market are ADEKA Corporation, Chitec Technology Co. Ltd, SUN SHOW, SABO S.p.A, Everlight Chemical Industrial Corp., Beijing Tiangang Auxiliary Co, Double Bond Chemical Ind. Co. Ltd., Solvay, Rianlon Corporation, and Clariant.

The global hindered amine light stabilizer market is expected to grow from $912.92 million in 2021 to $1056.56 million in 2022 at a compound annual growth rate (CAGR) of 15.7%. The market is expected to grow to $1,786.28 million in 2026 at a CAGR of 14.0%.

The hindered amine light stabilizers (HALS) market consists of sales of hindered amine light stabilizers by entities (organizations, sole traders, and partnerships) that manufacture hindered amine light stabilizers.Hindered amine light stabilizers are chemical substances with an amine functional group that is used as stabilizers in polymers and plastics.

They protect polymer coatings from photo-oxidative damage by producing nitroxide radicals.

The main types of HALS are polymeric, monomeric, and oligomeric.A polymeric stabilizer is a chemical compound used in accordance to prevent the degradation of polymers.

Polymeric hindered amine light stabilizers are used to safeguard the core of the material. It is used in plastics, paints and coatings, adhesives and sealants, other applications and is implemented in various verticals such as packaging, automotive, agriculture films, construction, and other end users.

The Asia Pacific was the largest region in the HALS market in 2021. The regions covered in the HALS report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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. For instance, the US construction industry accounted for $2600.94 billion in 2020 and is expected to grow to $3486.93 billion by 2025 at a compound annual growth rate (CAGR) of 6.0%. The average spending of the USA construction industry is nearly $1,231 billion every year. Therefore, the growing demand for the construction industry drives the growth of the hindered amine light stabilizers market.

The expansion of production facilities is a key trend shaping the HALS market.Major players operating in the 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.

In July 2021, Sabo S.p.A., a world leader in the development and manufacturing of HALS, entered into a partnership with SONGWON Industrial Co., Ltd. The deal will enable both the organizations to maintain their leading market position and expand opportunities outside of Europe, particularly in the areas of automotive and agricultural applications as well as in the building & construction sector. SONGWON Industrial Co., Ltd. is based in South Korea and is 2nd largest manufacturer of polymer stabilizers in the world, for the SABOSTAB® HALS portfolio which includes HALS.

The countries covered in the HALS market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.