The global hindered amine light stabilizers (HALS) market size is likely to reach a valuation of USD 1.2 billion in 2023. These stabilizers play a crucial role in maintaining the vibrancy and longevity of materials in multiple industries. As the demand for these stabilizers continues to rise, the market is expected to reach a revenue of USD 2.2 billion by 2033, with a projected CAGR of 6.4% through 2033.
The awareness of the harmful effects of UV radiation on materials is growing. Hence, there is a growing demand for products that can resist exposure to UV light. HALS are used in various industries to provide UV protection to materials. Plastics are increasingly in demand across diverse industries. UV radiation is one of the key factors that can harm plastics. Therefore, with the growing use of plastics in these industries, the demand for hindered amine light stabilizers polyethylene is increasing.
The use of plastics and polymers is increasing in the automotive and construction industries. HALS is becoming increasingly popular in these industries. HALS provides excellent protection to plastics and polymers against UV radiation. Hindered amine light stabilizers and phenolic antioxidants help to increase the lifespan and durability of these materials. Therefore, the adoption of hindered amine light stabilizers is growing in the automotive and construction industries.
The HALS industry is witnessing significant technological advancements. This includes the development of new and more efficient hindered amine light stabilizers synthesis methods. These HALS offer better UV protection and longer service life. Thus, the demand for hindered amine light stabilizers is increasing in various end-use industries.
Governments across the world are implementing strict regulations and are promoting the hindered amine light stabilizers uses to reduce the use of hazardous chemicals in the plastic industry. Traditional UV stabilizers contain harmful chemicals such as lead, cadmium, and chromium. HALS is a safe and effective alternative to these harmful chemicals.
The market is witnessing a shift toward the development of eco-friendly and sustainable HALS. These HALS are bio-based and non-toxic. There is also a growing trend toward the use of HALS in the healthcare industry. These are used in the manufacture of medical devices and equipment, leading to market growth.
There is a significant opportunity for the HALS industry in emerging economies. Emerging economies are witnessing significant growth in various industries. The increasing demand for UV-resistant products in these countries is driving the market growth.
Opportunities in the market include the development of new and innovative hindered amine light stabilizers mechanism. These HALS offer improved UV protection and longer service life. The growing demand for sustainable and eco-friendly HALS presents an opportunity for the development of new products and technologies.
| Attributes | Details |
|---|---|
| Base Year Value (2022) | USD 1.1 billion |
| Current Year Value (2023) | USD 1.2 billion |
| Expected Forecast Value (2033) | USD 2.2 billion |
| Historical CAGR (2018 to 2022) | 8.0% |
| Projected CAGR (2023 to 2033) | 6.4% |
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The market is a key segment of the polymer stabilizers industry. HALS are commonly used in various applications, including plastics, coatings, and adhesives. HALS provides crucial additives that improve the weathering resistance, thermal stability, and overall performance of polymers. HALS are particularly effective in preventing photodegradation and polymer degradation from UV radiation and other environmental stressors.
Innovations in HALS synthesis and formulation are expected to play a crucial role in the market. HALS can be used in combination with other additives such as UV absorbers and phenolic antioxidants. Hindered amine light stabilizer manufacturers are seeking to improve the performance and efficiency of their products.
HALS is finding increasing use in personal care products, including sunscreens and cosmetics. These products require protection against UV radiation to ensure their effectiveness and safety. HALS provides excellent UV protection to these products. As a result, the application of hindered amine light stabilizers is likely to increase in personal care products to enhance their effectiveness and safety.
The demand for high-performance plastics is increasing in different industries. High-performance plastics require high levels of UV protection. HALS is a popular choice for providing UV protection to these plastics. Industries including aerospace, defense, and electronics require high-performance plastics. The protection of these materials is essential in these industries. Hence, the demand for HALS is likely to upsurge in these industries to meet their UV protection needs.
HALS is finding new applications in industries such as agriculture, textiles, and food packaging. The demand for eco-friendly and safe products is increasing in these industries. HALS is a safe and effective solution for UV protection in these industries. Therefore, sales of hindered amine light stabilizers are likely to grow in these areas to meet the demand for eco-friendly and safe products.
| Countries | United States |
|---|---|
| Historical CAGR (2018 to 2022) | 7.7% |
| Forecasted CAGR (2023 to 2033) | 6.4% |
| Projected Market Value (2033) | 415.9 million |
| Countries | United Kingdom |
|---|---|
| Historical CAGR (2018 to 2022) | 7.4% |
| Forecasted CAGR (2023 to 2033) | 6.2% |
| Projected Market Value (2033) | 77.5 million |
| Countries | China |
|---|---|
| Historical CAGR (2018 to 2022) | 8.1% |
| Forecasted CAGR (2023 to 2033) | 6.3% |
| Projected Market Value (2033) | 469.3 million |
| Countries | Japan |
|---|---|
| Historical CAGR (2018 to 2022) | 7.7% |
| Forecasted CAGR (2023 to 2033) | 6.3% |
| Projected Market Value (2033) | 408.8 million |
| Countries | South Korea |
|---|---|
| Historical CAGR (2018 to 2022) | 6.8% |
| Forecasted CAGR (2023 to 2033) | 6.1% |
| Projected Market Value (2033) | 100.5 million |
The United States hindered amine light stabilizers market is poised for significant expansion. The increasing application of HALS in the construction market is expected to drive market growth. The increasing spending on infrastructure projects by the government is expected to support the sector. The Federal Highway Administration (FHWA) stated in January 2023 that it is planning to spend USD 2.1 billion to enhance the flyover infrastructure. This project is part of a significant committed investment for enhancing highway bridges. This is expected to increase the demand for HALS in the United States.
The demand for flexible plastic packaging solutions is rising in the country. This demand has been sparked by continuous urbanization trends. The rise in e-commerce is also contributing to the plastic packaging market growth in the country. Therefore, the increasing demand for packaging materials is projected to boost the demand for HALS in the United States.
Market players are investing in research and development to improve product efficiency. The BASF facility in McIntosh, Alabama, received the 2022 Environmental Stewardship Award from Partners for Environmental Progress (PEP). The facility was recognized for its production of light stabilizers.
The China hindered amine light stabilizers market has been witnessing significant growth lately. The government has introduced numerous policies to promote the adoption of environment-friendly materials. Moreover, China announced its 14th Five-Year Plan (2021-2025) in January 2022 which aims to make the construction industry more sustainable, efficient, and secure. These factors are likely to increase the adoption of HALS across the country.
The Japan hindered amine light stabilizers market is projected to experience steady growth during the forecast period. The construction industry is the primary end-use industry of these stabilizers in Japan. In June 2021, Japan's Ministry of Land, Infrastructure, Transport, and Tourism reported that the demand for new houses increased significantly. Specifically, there was a rise of 32.3% in the construction order for new houses. This growth was in contrast to the negative growth of -13.4% that was observed in June 2020.
HALS are widely used across South Korea for the production of plastics and coatings. Moreover, the government announced in February 2021 that it plans to construct 830,000 homes throughout the country by 2025. Furthermore, the consumer market in South Korea has a significant e-commerce section. This is likely to create opportunities for numerous packaging companies, leading to an increased demand for HALS. Therefore, the South Korean hindered amine light stabilizers market is expected to proliferate at a substantial rate between 2023 and 2033.
The United Kingdom hindered amine light stabilizers market has been growing steadily given the increasing demand for UV-stabilized polymer products. The packaging market in this country is experiencing significant growth. This growth is attributed to the expanding industrial sector in the country. The Packaging Federation of the United Kingdom reported that the United Kingdom packaging manufacturing industry generated USD 13.59 billion in annual sales. This is likely to increase demand for hindered amine light stabilizers across the country
Hindered amine light stabilizer suppliers are focusing on expanding their production capacities to develop new and improved HALS products. In April 2021, Clariant AG opened a light stabilizer production facility. Beijing Tiangang Auxiliary Co., Ltd and Clariant co-own the manufacturing facility. The purpose of the facility is to enable Tiangang and Clariant to strengthen their partnership. Clariant is known for its Hostavin NOW® technology. It is a highly efficient hindered amine light stabilizer that offers superior UV protection to polymer products.
Principal Consultant
| Segment | Application |
|---|---|
| Top Sub-segment | Packaging |
| Historical CAGR (2018 to 2022) | 6.9% |
| Forecasted CAGR (2023 to 2033) | 6.6% |
| Segment | Type |
|---|---|
| Top Sub-segment | Polymeric |
| Historical CAGR (2018 to 2022) | 7.1 |
| Forecasted CAGR (2023 to 2033) | 6.8% |
The packaging segment is expected to dominate the market based on application, throughout the forecast period. HALS are used to protect polymers in packaging applications from degradation caused by exposure to environmental factors. Polymers used in packaging are vulnerable to degradation when exposed to UV light and other environmental factors. HALS can protect polymers from this degradation and extend the lifespan of the packaging material.
HALS materials used in packaging applications need to have approval from organizations like FDA given the strict standards. HALS protect the delicate flavors, colors, minerals, and nutrients of food and beverages, which is why they are widely used in packaging. The packaging industry is likely to remain the leading end user of HALS, accounting for a significant portion of the market.
In terms of value, the polymeric category held the maximum market share in 2022. Polymeric HALS are known for their effectiveness in protecting polymers from degradation. Given their extensive structure and multiple chains, polymeric HALS exhibit greater effectiveness compared to monomeric and oligomeric HALS. This broadens their scope of uses, making them ideal for a variety of applications. The increased demand for highly effective additives from industrial applications has increased the preference for polymeric HALS.
Polymeric HALS also offers several advantages over other types of HALS. This includes low volatility, high thermal stability, and compatibility with different polymers. Their unique properties render them well-suited for diverse applications. For example, they are commonly used in automotive parts to protect against UV radiation and other environmental stressors. They are also used in construction materials to improve durability and resistance to weathering. Overall, the increasing demand for high-performance materials and the rising awareness of the need for UV protection are driving the polymeric HALS segment demand.
The market is highly competitive that includes both manufacturers and suppliers. Hindered amine light stabilizer manufacturers are focusing on developing advanced HALS for various applications across different industries. On the other hand, hindered amine light stabilizer suppliers are concentrating on producing high-quality raw materials and components necessary for the production of HALS. Manufacturers and suppliers in the market are identifying and responding to current trends by investing in research and development, expanding their product portfolios, and exploring new applications for HALS.
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Recent Developments by Key Market Players
The hindered amine light stabilizers (HALS) market is set to reach USD 1.2 billion in 2023.
The global hindered amine light stabilizers (HALS) market is poised to achieve a revenue milestone of USD 2.2 billion by 2033.
A CAGR of 6.4% is predicted for the hindered amine light stabilizers (HALS) market through 2033.
China stands out as a leading country in the hindered amine light stabilizers (HALS) market, projecting a value of 469.3 million by 2033.
The polymeric hindered amine light stabilizers emerge as a prominent segment in the market with a 6.8% forecasted CAGR.
1. Executive Summary | Hindered Amine Light Stabilizers Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 5.1. Packaging 5.2. Automotive 5.3. Agriculture Films 5.4. Construction 5.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 6.1. Polymeric 6.2. Monomeric 6.3. Oligomeric 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. BASF SE 15.2. Adeka Corporation 15.3. Mayzo, Inc. 15.4. SI Group, Inc. 15.5. Addivant 15.6. Amfine Chemical Corporation 15.7. Chitec Technology Co., Ltd 15.8. 3V Sigma S.p.A. 15.9. Qingdao Jade New Material Technology 15.10. Double Bond Chemical Ind., Co., Ltd. 16. Assumptions & Acronyms Used 17. Research Methodology
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Hindered Amine Light Stabilizers (HALS) Market
