TIN CHEMICALS MARKET ANALYSIS

Tin Chemicals MarketSize and Trends

Global tin chemicals market was valued at 66.52 KT in 2021 in terms of revenue, exhibiting a CAGR of 2.67% during the forecast period (2022 to 2030).

Figure 1. Global Tin Chemicals Market Value Share (%), By Region, 2021

Market Trends

Global demand for tin has been on the rise due to significant advances in the chemical industry in recent years. In addition, there has been increasing use of tin plating among various industries to ensure the protection and safety of many products and systems. These are the important factors boosting the growth of the tin chemicals market at the global level. Further, growing use of tin chlorides such as stannous chloride dehydrates and stannous chloride anhydrous for applications in metalized glazing, electric components, and even in food industries for tin-packed food, is expected to create potential growth prospects for the market of tin chemicals.

Usage of a range of tin chemical variants is significant in traditional markets of electroplating such as giftware, wires, and tinplate. Tin chemicals are also largely used in PVC stabilizers where they have specific technical advantages. In recent years, tin chemicals have gained a number of industrial applications including surfaces treatment, plating, catalysts, reducing agents, glazes, and energy and electronic devices.

Figure 2. Global Tin Chemicals Market Value Share (%), By Application, 2021

Tin Chemical demand increased in various end use industries such as packaging, chemical, automotive, construction and electronics and it is expected to drive the tin chemical market growth during forecast period. 

Electroplating and PVC Stabilizers has highest demanded applications of tin chemical. Players operating in the global tin chemical market are adopting different growth strategies such as mergers and acquisition to enhance their market share.