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Hindered Amine Light Stabilizers Market by Type, Application, and Region - Global Forecast to 2022

Hindered Amine Light Stabilizers Market: Global Forecast until 2022

  • July 2017
  • 189 pages
  • ID: 5043157
In this report:
In terms of volume, the market in the region is expected to witness a CAGR of ##.##% to reach a market size of ##.## kilotons by 2022.
In 2014, the automotive production in the country increased by ##.##%, reaching ##.## million units from ##.## million units in 2013.
Automotive and packaging end-use industries would continue to drive this market and are expected to register CAGRs of ##.##% and ##.##%, respectively, between 2017 to 2022.

Summary

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Growing demand for greenhouse films projected to drive the HALS market in the midterm

The overall Hindered Amine Light Stabilizers market is estimated to grow ~$1.1B by 2022, at a compound annual growth rate of 7.10 percent between 2017 and 2022. China (CN) is the most important consumer of HALS globally due to the growing manufacturing and industrial activities across the area. The increasing demand from the packaging and automotive industries due to the quick urbanization and rising population in China (CN) and other countries across the Asia Pacific area is driving the HALS market. HALS are mainly used in the packaging, construction, and automotive markets which are increasing mainly in the Asia Pacific region due to the growing population and changing lifestyles. The sector is restrained due to high fluctuations in raw material prices as well as the high production cost of HALS.

Packaging, the biggest increasing end-use sector in the HALS market

HALS are capable of protecting the packaging and its contents from discoloration, the damaging effects of UV radiation, providing superior quality, low volatility, and higher durability to packaging materials including bottles, caps & closures, containers & drums, and films, among others. The main drivers in the increase of the market for HALS in this industry segment are the rising disposable incomes, changing consumer lifestyles, rised use of plastics, and increasing pharmaceutical, and food & beverage sectors in countries including China (CN), India (IN), Japan (JP), the USA, and Germany (DE), among others.

Asia Pacific (APAC), the most important and quickest-increasing market for HALS

The Asia Pacific area is the biggest market for HALS globally. There is high potential for HALS in the Asia Pacific market due to high rise in the Chinese economy and fast industrialization. China (CN) is the main consumer of HALS in the Asia Pacific area as well as globally. Futhermore, the overall shift in production capacity from the developed sectors is a main factor leading to the increase of HALS in this area.

This analysis was validated through primary Q&A managed with different market experts globally. Those primary sources were divided by organization, description, and area.

• By Company category: Tier 1 - 45.0 percent, Tier 2 - 22.0 percent and Tier 3 - 33.0 percent

• By Description: C-suite - 50.0 percent, D-level - 10.0 percent, Others - 40.0 percent

• By Area: Europe (EU) - 37.0 percent, Middle East (ME) & African continent - 27.0 percent, North America continent - 18.0 percent, Asia Pacific (APAC) - 18.0 percent

The analysis also contains company analysis and competitive landscape approved by main market players including BASF SE, Clariant (CLN), Cytec Solvay Group, ADEKA CORPORATION, Addivant, Chitec Technology Co. Ltd., SONGWON Industrial Co., Limited, Valtris Specialty Chemicals, and Double Bond Chemical Ind. Co. Ltd., among others.

Segment Research

The market research includes the HALS market and aims at estimating the market value and upcoming growth potential of this market across distinct segments including application, and area. Moreover, the industry report also comprises an detailed competitive review of top market actors, together with their company descriptions, DIVE, latest developments, and key industries strategies. The study will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenues in the HALS market.

Reasons to acquire this industry report:

From an insight prospect, this market research has emphasized different levels of analyses - industry study, market share research of top players, and company descriptions, which together comprise and examine basic views on the competitive landscape, coming out and high-growth segments of the HALS market, high-growth areas, and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on HALS provided by the top actors in the HALS market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, Research&development activities, and recent product launches in the HALS market

• Market Development: Highlighted information about lucrative industries - the market research examines the industries for HALS across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the HALS market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the HALS market

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