Global Tin Chemicals Market Overview:
Tin chemicals are those chemicals used in the electroplating industry to produce tin surfaces with special decorative or functional properties. Various types of tin chemicals available in the market are tin (II) sulfates & chlorides, alkaline sodium & potassium stannate, tin methane sulfonates. Tin-based chemicals are used for the electrolytic dying of aluminum surfaces. These are also used in a wide range of industrial applications such as electroplating, plating, reducing agents, catalysts, electronic devices, glazes, and surface treatments. These applications along with the advancement in the chemical industry are propelling the market growth. Some of the key players profiled in the study are Yunnan Tin Company Group Limited (YTC) (China), Showa America, Inc. (United States), Keeling & Walker Ltd. (United Kingdom), TIB Chemicals (Germany), William Blythe (United Kingdom), Westman Chemicals Pvt.Ltd. (India), PT. Timah Industri (Indonesia), Mason Corporation (United States) and Lorad Chemical Corporation (United States). According to Market Analyst at AMA, the Global Tin Chemicals market may see a growth rate of 2.15%
On the basis of geography, the market of Tin Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Advancement in Chemical Industry Leading to High Demand of Tin
- Increasing Use of Tin plating among Various Industries
- Expanding the Electronics Industry and Food & Beverage Industry
- Significant growth of the Construction industry, Chemical & Electronics Industry
- Growing Consumption of Packaged Food
- Development of New Alternatives to Tin Chemicals
- Increased Usage of PVC in Emerging Economies
- Government Support & Investment in Chemical Industry
- Potential Application in Solar Energy Industry
- Increasing Price of Tin is Posing a Challenge for the Market
In July 2018, BNT Chemicals GmbH that manufacturers its own, mainly tin chemicals such as tin chlorides and tin-based catalysts was fully acquired by IBU-tec Group. TIB Chemicals, however, continues to be a strong partner of BNT Chemicals GmbH. and In December 2017, PT. Timah Tbk, global tin mining company and a leading player of tin chemicals market, signed a joint venture with Topwide Ventures Ltd, Nigeria for the management of exploration, mining processing, purification, and transportation, sales & marketing of tin and derived minerals in Nigeria.
The European Union (EU) stated that stannous sulphate or stannous chloride can be used in cement additives to reduce the natural level of chrome (VI) component in cement and mortar formations.
The Global Tin Chemicals market is fragmented with several global and regional players. Players are involved in product launch and new strategies by collaboration with other companies. For instance, In July 2018, Shintech, the United States based subsidiary of Japanís Shin-Etsu announced to expand its PVC output at Louisiana complex by 58% to over 1 million per year, along with other upstream PVC expansions, by late 2020 or early 2021.
Target Audience:Tin Chemicals Manufacturers, Chemical Industry, Potential Investors, Marketing and Consulting firms, Government & Regulatory Bodies and Industry Associations
Major Objectives Focused through this Study To define, describe, and forecast the Global Tin Chemicals market on the basis of product [Sodium Stannate, Stannous Chloride Dihydrate, Stannous Chloride Anhydrous, Stannic Oxide, Stannous Oxalate, Potassium Titanyl Oxalate and Others] , application [Plating Materials, Pigment Precursors, Chemical Catalysts, Process Chemicals, Life Science Reagents and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Tin Chemicals market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Tin Chemicals industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are DuPont and Dow Inc. (United States), Hubei Xinghuo (China) and Songxiang Chemical (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Tin Chemicals market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.