Global Stannous Sulfate Market Size, Share and Industry Analysis by Regions, Countries, Types, and Applications, Forecast to 2028

SKU ID : Maia- 24181618

Publishing Date : 03-Jul-2023

No. of pages : 105

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  • The global Stannous Sulfate market size was valued at USD 131.88 Million in 2022 and will reach USD 154.56 Million in 2028, with a CAGR of 2.68% during 2022-2028.

    Stannous Sulfate (SnSO4) is a white to slightly yellow, heavy crystalline powder. When dissolved in a 5% Sulfuric Acid Solution, a clear solution is obtained. Gradual hydrolysis occurs over a period of time with the formation of insoluble tin compounds. Stannous Sulfate is commonly used in acid tin plating baths, liquor finishing and drawing of steel wire. It delivers a high current efficiency and smooth, fine grained deposits. A bright finish can be obtained by flow melting of through the use of certain additives. The inception of acid sulfate electroplating was in the electronics industry. Currently, however, any plater untroubled by the hydrogen embrittlement will utilize an acid sulfate process. Because the anode provides all the necessary tin, only a minimal quantity of Stannous Sulfate is requisite in order to maintain the plating bath. Thus, there is a profusion of companies of modest capacity with a requirement for electroplating Stannous Sulfate.

    Influence the development of the industry
    The stannous sulfate industry and its supply chain have been negatively impacted by the recent outbreak of the COVID-19 pandemic, but the impact has been relatively modest. For example, government regulations have forced manufacturers to temporarily close their facilities to stop the spread of coronavirus infections, hampering product production. However, with the resumption of work and production by various manufacturing enterprises, as well as the relaxation of restrictions and the introduction of various relief plans by the government, the stannous sulfate industry is expected to regain momentum in the near future.

    Upstream and downstream interactions will cause business disruption
    The outbreak of COVID-19 will have a short-term but relatively limited impact on the stannous sulfate industry. Affected by the epidemic, the procurement of production raw materials and equipment and transportation and supply are difficult to be in place in time, and upstream enterprises affect the work progress of downstream enterprises. Manufacturing companies in the stannous sulfate industry are affected to varying degrees, and production and delivery may be delayed. At the same time, if the customer's delivery time requirements do not meet the contract, the customer may find another company and lose business.

    Increasing demand for tin chemicals in construction and electronics will drive the stannous sulfate market
    The increasing usage of stannous sulfate in various industries with technological advancements in the chemical industry is expected to drive the demand for the stannous sulfate market. Stannous sulfate is widely used in various applications related to basic commodity markets such as plastic, metal and glass electroplating, adhesives in Asia Pacific, as well as aluminum alloy product coatings oxide coloring, tin or alloy plating, tinplate, cylinders, etc. Chemical reagent pistons, steel wires, acid plating, bright tin plating of electronic devices, etc., the growth is attributed to the increasing popularity of this product in China's leading chemical industry. In North America, colored anodized aluminum for construction or automotive applications has become a major export of stannous sulfate due to increasing demand from the construction industry. Therefore, the market is expected to continue to grow.

    Strict industry standards
    Industrial chemicals generally have strict regulatory policies. Some standards specify the requirements, test methods, inspection rules, signs, labels, packaging, transportation and storage of industrial stannous sulfate. In addition, the material may cause skin sensitization in susceptible individuals. Care must be taken when removing gloves and other protective equipment to avoid all possible skin contact during operation. More effective oversight will lead to greater confidence in the safe use of commercial chemicals. Chemical control has the potential to protect the health of workers and the general public as it ensures relevant safety information is provided.

    Region Overview:
    China dominated the Stannous Sulfate market in 2022, with a market share of 65.59%.

    Company Overview:
    Yunnan Tin Group is one of the major players operating in the Stannous Sulfate market, holding a share of 22.03% in 2022.

    Yunnan Tin Group
    Yunnan Tin Company Group Limited (YTC), a century-old industry, is the largest production and manufacturing base in the world for metal Tin and the largest production center for tin profiles, tin chemicals and arsenic chemicals in China. It is also the biggest precious metals research and development center in China. Its products cover mainly the refined tin, tin-lead solder, tin profiles and tin chemicals.

    Fine Chemicals Group Co., Ltd.
    Founded in 1984, Fine Chemicals Group Co., Ltd. is one of the earliest professional enterprises engaged in the research, development and production of aluminum surface treatment series chemicals in China. After more than 30 years of construction and development, it has now formed a group with four subsidiaries, and its products have also developed from a single field of aluminum surface treatment to medicine, bioengineering and other fields.

    Segmentation Overview:
    By type, >= 99% segment accounted for the largest share of market in 2022.

    Application Overview:
    By application, the Acid Tin Plating segment occupied the biggest share from 2017 to 2022.

    Acid Tin Plating
    Stannous sulfate is also used in electroplating, for electrolytic tin plating (tinning). Finally, it is used as a raw material for the production of tin chemicals. Stannous sulfate is used primarily in electroplating plating and as a dying agent. Bright tin acid plating is more corrosion resistant than alkaline tin plating. Acid tin plating is a process to create a mirror like finish on different metals like copper, brass, steel, etc. This applies to several industries including: switch gears, electrical and electronics, bimetal bearing, etc.

    Aluminium Anodizing
    sulfate solution is mainly used for coloring aluminum profiles by an anodizing process in the building industry. Aluminum anodizing is the process of electrochemically treating aluminum to form a protective oxide coating. The anodic coating thickness can range from less than one micrometer to several millimeters, and its adhesion to the metal substrate is excellent. The color of the finish will depend on the alloy and the type of anodizing electrolyte used.

    The Stannous Sulfate market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.

    Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.

    In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.

    Key Companies in the global Stannous Sulfate market covered in Chapter 4:
    Dhruv Chemicals
    Fine Chemicals Group Co., Ltd.
    Baita Non-Ferrous Metal Powder Hu Bei GuangXiang Mason Corporation Nihon Kagaku Sangyo Co., Ltd. Foshan Qiruide Additives Co,.Ltd Meghachem Industries
    Yunnan Tin Group

    In Chapter 12 and Chapter 14.1, on the basis of types, the Stannous Sulfate market from 2018 to 2028 is primarily split into:
    >=99%
    <99%

    In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Stannous Sulfate market from 2018 to 2028 covers:
    Acid Tin Plating
    Aluminium Anodizing

    Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
    North America (United States, Canada, Mexico)
    Europe (Germany, United Kingdom, France, Italy, Spain)
    Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
    South America (Brazil, Argentina)
    Middle East & Africa (Saudi Arabia, UAE, South Africa)

    Outline:
    Chapter 1 begins with the Stannous Sulfate market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Stannous Sulfate market and its likely evolution in the short to mid-term and long term.

    Chapter 2 provides Stannous Sulfate industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.

    Chapter 3 depicts Stannous Sulfate industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.

    Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Stannous Sulfate market ranking, benchmarks, and company business portfolio.

    Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.

    Chapters 6-10 highlight Stannous Sulfate market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.

    Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.

    Chapters 12-13 evaluate the Stannous Sulfate market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.

    Chapters 14-15 elaborate on the Stannous Sulfate market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.

    Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

    Years considered for this report:


    Historical Years:

    2018-2022

    Base Year:

    2022

    Estimated Year:

    2023

    Forecast Period:

    2023-2028

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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