North America Hindered Amine Light Stabilizers Market Size & Outlook
North America hindered amine light stabilizers market, 2018-2030 (US$M)
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North America hindered amine light stabilizers market highlights
- The North America hindered amine light stabilizers market generated a revenue of USD 266.3 million in 2022.
- The market is expected to grow at a CAGR of 9.1% from 2023 to 2030.
- In terms of segment, polymeric was the largest revenue generating type in 2022.
- Polymeric is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 266.3 million |
| Market revenue in 2030 | USD 534.4 million |
| Growth rate | 9.1% (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 |
Other key industry trends
- In terms of revenue, North America region accounted for 19.0% of the global hindered amine light stabilizers market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 709.5 million by 2030.
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Hindered Amine Light Stabilizers Market Scope
Hindered Amine Light Stabilizers Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America hindered amine light stabilizers market outlook
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 51.03% in 2022. Horizon Databook has segmented the North America hindered amine light stabilizers market based on monomeric, oligomeric, polymeric covering the revenue growth of each sub-segment from 2018 to 2030.
North America is a prominent manufacturer of hindered amine light stabilizers on account of the presence of various end-use industries, including automobile, paints & coatings, and polymers, in countries such as the U.S., Canada, and Mexico, which, in turn, is driving the market for hindered amine light stabilizers in the region.
Automobile is one of the major end users of HALS. As per OICA, in 2022, automobile production in Canada and the U.S. grew by 10% as compared to the production in 2021. HALS are used as additive stabilizers in paints, coating and plastics, and polymers. Thus, an increase in demand and production of automobiles in the North American region is expected to further fuel the demand for HALS in North America.
The Mexican tradition of architecture emphasizes eco-friendly building practices and designs with small footprints. In line with other emerging economies, Mexico is undergoing rapid growth in its green, or environmentally friendly, construction activities. Developing green construction activities in Mexico is further expected to lead to an increase in the demand for paints & coatings and polymers and plastics, further increasing the demand for HALS in the country.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America hindered amine light stabilizers market , including forecasts for subscribers. This continent databook contains high-level insights into North America hindered amine light stabilizers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America hindered amine light stabilizers market size, by country, 2018-2030 (US$M)
North America Hindered Amine Light Stabilizers Market Outlook Share, 2022 & 2030 (US$M)
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