Tin Chemicals Market Expand Their Businesses with New Investments and Coming Future 2019–2027


Tin chemicals are either inorganic compounds or organotin compunds which contain at least one bond between carbon and tin, and are primarily used in electroplating industry to produce tin surfaces with particular decorative or functional properties. 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 the recent years, tin chemicals have gained a number of industrial applications including surfaces treatment, plating, catalysts, reducing agents, glazes, and energy and electronic devices.

Among applications, use of tin chemicals in electroplating application is expected to gain traction during the forecast period. Tin electroplating is widely used in manufacturing electronic components, printed wiring boards (PWBs) and printed circuit boards (PCBs), food and beverage cans, food storage containers, and engine bearings as tin coating prevents corrosion of metals in aggressive atmosphere. Therefore, significant growth in the electronics industry is expected to help drive the tin chemicals market growth. For instance, according to Ministry of Electronics & Information Technology, Government of India, significant growth has been observed in the demand for high technology electronic products in India. The demand for electronics hardware (in terms of value) in India is estimated to increase from US$ 45 billion in 2009 to US$ 400 billion by 2020.

Further, growing use of tin chlorides such as stannous chloride dehydrate 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 market of tin chemicals.

Based on region, the global tin chemicals market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific was the leading region of the tin chemicals market in 2017. China is expected to lead in terms of consumption of tin chemicals in Asia Pacific due to the expanding consumer electronics industry in the country. The tin chemicals market in Latin America is estimated to expand at a steady pace during the forecast period. Europe followed Asia Pacific in terms of consumption of tin chemicals in 2017. The market in North America is likely to expand at a moderate pace in the near future. The U.S. is projected to continue to display steady growth in the consumer electronics business.

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