Tin Chemicals Market Scope
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.
According to AMA, the Global Tin Chemicals market is expected to see growth rate of 2.15%
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 Japan’s 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.
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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are DuPont and Dow Inc. (United States), Hubei Xinghuo (China) and Songxiang Chemical (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Tin Chemicals market by Type (Sodium Stannate, Stannous Chloride Dihydrate, Stannous Chloride Anhydrous, Stannic Oxide, Stannous Oxalate, Potassium Titanyl Oxalate and Others), by Application (Plating Materials, Pigment Precursors, Chemical Catalysts, Process Chemicals, Life Science Reagents and Others) and Region with country level break-up.
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).
Market Leaders and their expansionary development strategies
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.
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.
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.
Market Trend
- Significant growth of the Construction industry, Chemical & Electronics Industry
- Growing Consumption of Packaged Food
Market Drivers
- 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
Opportunities
- Increased Usage of PVC in Emerging Economies
- Government Support & Investment in Chemical Industry
- Potential Application in Solar Energy Industry
Restraints
- Development of New Alternatives to Tin Chemicals
Challenges
- Increasing Price of Tin is Posing a Challenge for the Market
Key Target Audience
Tin Chemicals Manufacturers, Chemical Industry, Potential Investors, Marketing and Consulting firms, Government & Regulatory Bodies and Industry Associations