Market revenue in 2022 | USD 627.1 million |
Market revenue in 2030 | USD 1,321.0 million |
Growth rate | 9.8% (CAGR from 2022 to 2030) |
Largest segment | Polymeric |
Fastest growing segment | Polymeric |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Monomeric, Oligomeric, Polymeric |
Key market players worldwide | Adeka Corp, Arkema SA, Basf SE, Clariant AG, Everlight Chemical Industrial, Solvay SA, Chitec Technology, Double Bond Chemical Industry, Greenchemicals, Rianlon, Mayzo, Sabo |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hindered amine light stabilizers market will help companies and investors design strategic landscapes.
Polymeric was the largest segment with a revenue share of 49.86% in 2022. Horizon Databook has segmented the Asia Pacific hindered amine light stabilizers market based on monomeric, oligomeric, polymeric covering the revenue growth of each sub-segment from 2018 to 2030.
The Hindered Amine Light Stabilizers (HALS) market holds a significant share in the Asia-Pacific region. As per the International Trade Administration, China is projected to experience an average annual growth rate of 8.6% from 2022 to 2030, positioning itself as the world's largest construction market.
The construction sector in Asia-Pacific is witnessing rapid expansion, driven by substantial infrastructural projects, focus on affordable housing units, and adoption of modular building technology. Moreover, as per IBEF India could be a leader in shared mobility by 2030, providing opportunities for electric and autonomous vehicles.
These factors are further driving the growth of the automobile industry in the country. HALS in automobiles plays an important role in preventing automotive paint degradation, chalking, and yellowing caused by UV light. Hence, the developing automobile industry in the country will further boost the market for Hindered Amine Light Stabilizers.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific hindered amine light stabilizers market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hindered amine light stabilizers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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