Hindered Amine Light Stabilizers (HALS) Market is projected to reach USD 1.15 Billion by 2022, at a CAGR of 7.1% from 2017 to 2022. The growing demand in the Asia Pacific, coupled with the growing demand for packaging materials, agriculture films, and automotive components & coatings is expected to drive the global HALS market during the forecast period.

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Packaging: The largest application market for HALS

Packaging is expected to be the largest application segment for HALS owing to the increasing demand for food, consumer goods, industrial, and beverage packaging products in the Asia Pacific, North America, and Europe. The ability to sustain performance and quality of the packaging materials under UV radiation exposure, providing weathering resistivity and long-term durability are the major factors driving the demand for HALS in the packaging application segment.

Polymeric: The largest and fastest-growing type in the HALS market

The polymeric segment accounted for the largest share of the overall HALS market in 2016 in terms of value. Polymeric HALS are more effective than monomeric, and oligomeric HALS due to their large structure and different types of chains in different polymeric HALS, which increase their range of applications. The rising demand for highly effective additives from industrial applications such as polymers, adhesives & sealants, and plastics has fueled the growth of polymeric HALS in the global HALS market. HALS in the automotive sector are mainly used to provide exceptional UV durability in interior and exterior applications even under extended UV exposure.

Objectives of the Study:

To define, segment, and forecast the HALS market, in terms of value
To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
To analyze and forecast the market size of HALS based on end-use industry
To forecast the market size with respect to four regions, namely, Asia Pacific, Europe, North America, and Rest of the World (RoW)
To analyze competitive developments such as expansions, new product developments, joint ventures & partnerships, and mergers & acquisitions in the HALS market
To strategically identify and profile key players as well as to analyze their core competencies in the HALS market

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