The report “Hindered Amine Light Stabilizers (HALS) Market by Type (Polymeric, Monomeric, Oligomeric), Application (Automotive, Packaging, Agriculture Films, Construction), and Region (Asia Pacific, North America, Europe) – Global Forecast to 2022″, The global HALS market is projected to reach USD 1.15 Billion by 2022, at a CAGR of 7.1% from 2017 to 2022.
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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.
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