Key Strategies Adopted by Industry Players to Strengthen their Positions in the Global Hindered Amine Light Stabilizers (HALS) Market

The global market for Hindered Amine Light Stabilizers (HALS) is projected to reach USD 1.15 Billion by 2022, at a CAGR of 7.1% from 2017 to 2022. The growing demand from major application industries such as packaging, automotive, and other industrial applications in emerging economies, are driving the global HALS market.

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New product developments and agreements were the key strategies adopted by industry players to strengthen their positions in the global HALS market, with the North American region witnessing the highest number of strategic initiatives from 2011 to 2016. Expansions was the preferred strategy in this region. Companies such as BASF SE (Germany), SONGWON Industrial Co., Ltd (Korea), Valtris Specialty Chemicals (US), Double Bond Chemical Ind. Co. Ltd. (Taiwan), Eutec Chemical Co., Ltd. (Taiwan), Ziko Co., Ltd. (South Korea), Lycus Ltd., LLC (US), Western Reserve Chemical Corporation (US), MPI Chemie B.V. (Netherlands), Chemsfield Korea Co. Ltd. (Korea), Rianlon Corporation (China), Sovereign Chemical Co. (US), and Lambson Ltd. (UK) were the most active players in the HALS market in the region.

BASF SE (Germany), Clariant AG (Switzerland), Cytec Solvay Group (Belgium), ADEKA CORPORATION (Japan), Chitec Technology Co. Ltd. (Taiwan), SUNSHOW (China), SABO S.p.A (Italy), Mayzo, Inc. (US), Everspring Chemical Co., Ltd. (Taiwan), Everlight Chemical Industrial Corporation (Taiwan), Beijing Tiangang Auxiliary Co., Ltd (China), and Qingdao Jade New Material Technology (China) are profiled in the report. For instance, BASF SE (Germany) launched five high-performance products under its Tinuvin DW (N) product range for water-based systems, and Tinuvin 249 for cost-efficient and durable color proof coatings of HALS products in 2016 and 2017 respectively for applications in automotive interior parts.

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ADEKA CORPORATION (Japan), Chitec Technology Co. Ltd. (Taiwan), SUNSHOW (China), SABO S.p.A (Italy), Mayzo Inc. (US), Everspring Chemical Co. Ltd. (Taiwan), Everlight Chemical Industrial Corporation (Taiwan), Beijing Tiangang Auxiliary Co. (China), and Qingdao Jade New Material Technology (China) are recognized as innovators in the HALS market. They have innovative products and the potential to build strong strategies for business growth to be at par with visionary leaders. For instance, in June 2013, Chitec Technology Co. Ltd. launched two new HALS products, Chiguard 129 for PET, PC, and Nylon and Chiguard 106, a low molecular weight HALS, for various polymers. These enhanced & innovative developments have added to their product portfolio and are expected to help increase the company’s geographical reach.

Study Estimates the Global Hindered Amine Light Stabilizers (HALS) Market

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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