The Hindered Amine Light Stabilizers (HALS) market has been showing significant growth over the past years. It is expected to grow from $1.43 billion in 2024 to $1.65 billion in 2025 at a compound annual growth rate (CAGR) of 15.8%. This growth can be largely attributed to the increased demand for UV radiation protection, the expansion of the automotive industry, and the rise in plastic packaging.
The forecast for the market size indicates substantial growth, with an anticipated value of $2.91 billion by 2029, growing at a CAGR of 15.2%. The forecasted growth can be attributed to increasing green and sustainable materials, demand from packaging industry, regulations and compliance, and major trends in the forecast period include UV protection in polymers, improved weathering resistance, and evolving HALS chemistry.
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What is Fueling the Growth of the Hindered Amine Light Stabilizers (HALS) Market?
The increasing need in the construction industry is projected to fuel the demand for Hindered Amine Light Stabilizers (HALS) over the forthcoming years. As an industry that covers a broad scope including mining and infrastructure, UV-protected plastic with light stabilizers can handle challenging conditions, assisting in overcoming market challenges. For example, in 2022, the EU’s research and development expenditure increased to €352 billion, a 6.34% increase from the previous year. Therefore, the growing demand for the construction industry is driving the growth of the Hindered Amine Light Stabilizers market.
What are the Key Segments Within the Global Hindered Amine Light Stabilizers (HALS) Market?
1) By Type: Polymeric, Monomeric, Oligomeric
2) By Application: Plastics, Paints and Coatings, Adhesives and Sealants, Other Applications
3) By End Use Industry: Packaging, Automotive, Agriculture Films, Construction, Other End User Industries
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Which Key Players are Dominating the Hindered Amine Light Stabilizers (HALS) Market?
Major companies operating in the Hindered Amine Light Stabilizers market include ADEKA Corporation, Beijing Tiangang Auxiliary Co., Chitec Technology Co. Ltd., Clariant AG, Double Bond Chemical Ind. Co. Ltd., Everlight Chemical Industrial Corp., Everspring Chemical Co. Ltd., Lambson Limited, Rianlon Corporation, SABO S.p.A, Solvay SA, SUNSHOW Corp., Tokyo Chemical Industry Co. Ltd., and UNIQCHEM GmbH.
What Emerging Trends Are Being Witnessed in The Hindered Amine Light Stabilizers (HALS) Market?
Expanding production facilities is a key trend shaping the Hindered Amine Light Stabilizers market. To meet rising demand, major players are focusing on facility expansions. For example, in March 2022, BASF plans to increase production capacity for its HALS at multiple facilities. This investment aims to meet increasing demand and enhance supply security for customers.
Which Region Is Expected to Demonstrate Rapid Growth in The Hindered Amine Light Stabilizers (HALS) Market?
Asia-Pacific was the leading region in the Hindered Amine Light Stabilizers market in 2024 and is expected to be the fastest-growing region in the forecast period. Other significant regions in the market include Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What is the Hindered Amine Light Stabilizers (HALS) Market Offering?
The Hindered Amine Light Stabilizers are chemicals which protect polymer coatings from damage. The Market Report 2025 research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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