Global Hindered Amine Light Stabilizers Market to Increase at 7.1% CAGR to 2022, Forecasts M&M in Its New Report Available at MarketPublishers.com
17 Aug 2017 • by Natalie Aster
LONDON – During 2017-2022, the world’s market for hindered amine light stabilizers (HALS) is projected to gather momentum at a 7.1% CAGR; by the end of the forecast period the market value is set to amount to USD 1.15 billion.
Today, China is the leading consumer of HALS worldwide owing to constantly expanding manufacturing and industrial activities in the country. The escalating demand from the automotive and packaging industries on the back of robust urbanisation and increasing population in China and other countries of the APAC region is propelling the HALS market.
Presently, the packaging industry is the major end-use application for HALS. HALS can protect the packaging and its contents from the damaging effects of UV radiation and discoloration, and also provide low volatility, superior quality and higher durability to various packaging materials including films, containers, closures, bottles, caps, drums, etc.
APAC is recognised as the biggest and the fastest-growing regional market for HALS.
New insightful study “Hindered Amine Light Stabilizers (HALS) Market by Type, Application, and Region - Global Forecast to 2022” created by MarketsandMarkets (M&M) gives a clear understanding of the world’s HALS market scenario, dynamics and future growth potential at different geographical scales. This publication is a reliable source of top-level market data and valuable strategic recommendations. It delves into the market segmentation, evaluates the market shares, discloses info on the market size and shape, and scrutinises the key factors responsible for the market growth and development. Besides, this topical report features the competitive landscape, highlights the regulative framework, profiles the prominent players and reviews the recent industry developments and activities. In addition, this report comprises an all-round future outlook for the global HALS market through 2022.
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