Hindered Amine Light Stabilizer Market Size (2024 - 2029)

The hindered amine light stabilizers market is anticipated to experience significant growth, driven by the increasing demand for plastics and polymers, which utilize these stabilizers to combat photo-oxidation. Despite potential setbacks due to the global coronavirus pandemic, the market is expected to benefit from heightened awareness of UV radiation's harmful effects, presenting new opportunities for expansion. The Asia-Pacific region leads in market consumption, with substantial contributions from countries like China and India.

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Market Size of Hindered Amine Light Stabilizer Industry

Market Summary-Hindered Amine Light Stabilizer Market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.90 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Hindered Amine Light Stabilizer Market Major Players

*Disclaimer: Major Players sorted in no particular order

Hindered Amine Light Stabilizers Market Analysis

The market for hindered amine light stabilizers is expected to grow at a CAGR of more than 6.9% globally during the forecast period. Hindered amine light stabilizers are chemical compounds that contain a functional amine group that is used in plastics and polymers as stabilizers. They are primarily used to protect polymers from photo-oxidation effects. The growing consumption of plastics has been driving the market growth.

  • However, the outbreak of coronavirus across the globe is likely to hinder the growth of the studied market.
  • The rising awareness about the harmful effect of UV radiation is likely to provide opportunities for the hindered amine light stabilizer market over the next five years.
  • Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.

Hindered Amine Light Stabilizers Industry Segmentation

The hindered amine light stabilizer market report include:

Type
Polymeric
Monomeric
Oligomeric
Application
Plastics
Paints and Coatings
Adhesives and Sealants
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Hindered Amine Light Stabilizer Market Size Summary

The hindered amine light stabilizers market is poised for significant growth, driven by the increasing demand for these chemical compounds in protecting plastics and polymers from photo-oxidation effects. This demand is largely fueled by the rising consumption of plastics across various industries, including automotive, packaging, and construction. The Asia-Pacific region, particularly China and India, leads the market due to its robust industrial activities and growing construction projects. The need for hindered amine light stabilizers is further amplified by the awareness of UV radiation's harmful effects, presenting new opportunities for market expansion. However, the market faces challenges from the COVID-19 pandemic, which has impacted global demand, particularly in the automotive sector.

The market landscape is characterized by a partial consolidation, with major players like BASF SE, ADEKA CORPORATION, SABO S.p.A., Solvay, and SI Group holding significant market shares. Despite the decline in the automotive industry's demand, the construction and packaging sectors in Asia-Pacific continue to drive market growth. The region's construction industry, especially in China, remains a key contributor, although growth rates are slowing. Additionally, the trend of polyhouse cultivation in Asia-Pacific is expected to bolster the demand for hindered amine light stabilizers. Overall, the market is anticipated to experience steady growth, supported by the ongoing adoption of plastics and wood in various applications.

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Hindered Amine Light Stabilizer Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Consmption of Plastics

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Polymeric

      2. 2.1.2 Monomeric

      3. 2.1.3 Oligomeric

    2. 2.2 Application

      1. 2.2.1 Plastics

      2. 2.2.2 Paints and Coatings

      3. 2.2.3 Adhesives and Sealants

      4. 2.2.4 Others

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Hindered Amine Light Stabilizer Market Size FAQs

The Hindered Amine Light Stabilizer Market is projected to register a CAGR of greater than 6.90% during the forecast period (2024-2029)

BASF SE, ADEKA CORPORATION, SABO S.p.A. , Solvay and SI Group are the major companies operating in the Hindered Amine Light Stabilizer Market.

Hindered Amine Light Stabilizers Market Report Snapshots

Hindered Amine Light Stabilizers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)