Widespread Utilization across Plethora of Applications to Attract Expansive Growth for Hindered Amine Light Stabilizers Market during Forecast Period of 2019-2027: TMR

ALBANY, N.Y., Oct. 13, 2020 /PRNewswire/ -- The booming industrial and construction sector around the world is proving to be a boon for the growth of the hindered amine light stabilizers market. This will be a prominent factor in influencing the growth prospects during the forecast period. In addition, the consistent urbanization across the globe is also inviting great growth prospects for the hindered amine light stabilizers market.

According to the analysts at Transparency Market Research (TMR), the global hindered amine light stabilizers market is prognosticated to expand at a CAGR of ~5 percent during the assessment period of 2019-2027. The global hindered amine light stabilizers market was valued at US$ 818.26 mn in 2018.

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Hindered amine light stabilizers are a prime component in manufacturing packaging materials. The intense demand for packaging materials for consumer goods, industrial, food, and beverage packaging products may bring extensive growth opportunities for the hindered amine light stabilizers market.

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Hindered Amine Light Stabilizers Market: From Analysts Lens

The analysts at Transparency Market Research (TMR) predict the hindered amine light stabilizers market to record a promising CAGR mainly due to increasing adoption of architectural and industrial coatings. The analysts further highlight the potential benefits of polymer additives in the medical field as the prime growth generator for the growth of the hindered amine light stabilizers market.

The analysts also hint the emergence of Asia Pacific as the largest growth-contributing region due to growing urbanization and massive market size.

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Hindered Amine Light Stabilizers Market: Major Findings

• The plastics segment emerged as the most profitable segment in terms of application in 2018
• Architectural coatings was a prominent sub-segment of the paints and coatings application in 2018 and is also expected to make a mark during the forecast period of 2019-2027
• Architectural coatings and construction coatings sub-segments jointly held 42.4 percent share of the paints and coatings segment in 2018
• Automotive coatings emerged as the third-largest sub-segment of the paints and coatings segment during the assessment period
• The industrial and protective coatings segment is expected to expand at a swift pace from 2019-2027
• Asia Pacific was a dominant region in terms of volume and value in 2018
• Asia Pacific may also hold a dominant position between 2019 and 2027

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Hindered Amine Light Stabilizers Market: Growth Accelerators

Consistent urbanization is a significant factor for the growth of the hindered amine light stabilizers market and may also serve as an influential aspect of growth in the near future.

• Intensifying research and development activities may prove to be a boon for the growth of the hindered amine light stabilizers market
• Inorganic growth strategies such as mergers, acquisitions, product launches, collaborations, and strategic alliances invite escalating growth prospects for the hindered amine light stabilizers market

Hindered Amine Light Stabilizers Market: Regional Prospects

• The hindered amine light stabilizers market in Asia Pacific may incur good growth across the forecast period of 2019-2027
• Thailand, India, South Korea, China, Japan, and Indonesia may serve as vital countries attracting growth for the hindered amine light stabilizers market in Asia Pacific
• Latin America and the Middle East and Africa may bring exponential growth opportunities for the hindered amine light stabilizers market

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Global Hindered Amine Light Stabilizers Market : Segmentation

By Type

• Polymeric
• Monomeric
• Oligomeric

By Application

• Paints & Coatings
• Automotive Coatings
• Industrial & Protective Coatings
• Architectural & Construction Coatings
• Wood Coatings

• Adhesives & Sealants
• Plastics
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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