DUBLIN--(BUSINESS WIRE )--The "Hindered Amine Light Stabilizers (HALS) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Hindered Amine Light Stabilizers (HALS) market estimated at US$1.0 Billion in the year 2022, is projected to reach a revised size of US$1.3 Billion by 2026, registering a compounded annual growth rate (CAGR) of 6.5% over the analysis period. Europe represents the largest regional market for Hindered Amine Light Stabilizers (HALS) and is projected to reach US$289.7 Million by 2026. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 9.1% over the analysis period.

Rapid pace of industrialization, urbanization trend and rising disposable incomes especially in emerging economies are leading to growing use of plastic materials in a range of consumer and industrial products, which in turn is fueling demand for HALS worldwide. Global market for hindered amine light stabilizers (HALS) is being driven mainly by the growing investments into plastic products manufacturing, specifically in Asia-Pacific region that is experiencing strong growth in demand for plastic products. Rapid rise in investments into production facilities is also driving growth in the market.

The global market for HALS is also benefiting immensely from the rising demand for plastic packaging materials, automotive components & coatings, and agricultural films. HALS usage is also growing in commercial and industrial applications, where demand is rising for UV resistant coated plastics, wood products and polymers especially from packaging, construction and automotive sectors. The market is poised to benefit from the rapidly rising demand for packaged food products and growing needs of the automotive industry. With manufacturers seeking higher quality and high performance packaging materials and products with long-term durability, demand is rising for additives such as HALS that can endure extended exposure to sunlight.

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900