Market Size of Hindered Amine Light Stabilizer Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.
