ALBANY, N.Y., Oct. 13, 2020
- The overwhelming demand for hindered amine light stabilizers across a variety of applications such as adhesives, paints, coatings, plastics, and sealants may bring extensive growth opportunities for the hindered amine light stabilizers market
- The global hindered amine light stabilizers market may expand at a CAGR of ~5 percent between 2019 and 2027
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
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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.
Hindered Amine Light Stabilizers Market: Regional Prospects
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Global Hindered Amine Light Stabilizers Market : Segmentation
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