Global Stannous Sulfate Market Professional Survey by Types, Applications, and Players, with Regional Growth Rate Analysis and Development Situation, from 2023 to 2028

SKU ID : Maia- 24638322

Publishing Date : 15-Aug-2023

No. of pages : 117

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  • According to the latest research, the global Stannous Sulfate market size was valued at USD 131.88 million in 2022 and is expected to expand at a CAGR of 2.68% during the forecast period, reaching USD 154.56 million by 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.

    This report elaborates on the market size, market characteristics, and market growth of the Stannous Sulfate industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Stannous Sulfate. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.

    Key Points this Global Stannous Sulfate Market Report Include:
    Market Size Estimates: Stannous Sulfate market size estimation in terms of revenue and sales from 2018-2028
    Market Dynamic and Trends: Stannous Sulfate market drivers, restraints, opportunities, and challenges
    Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Stannous Sulfate market
    Segment Market Analysis: Stannous Sulfate market revenue and sales by type and by application from 2018-2028
    Regional Market Analysis: Stannous Sulfate market situations and prospects in major and top regions and countries
    Stannous Sulfate Market

    Competitive Landscape

    and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.
    Stannous Sulfate Industry Chain: Stannous Sulfate market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
    Stannous Sulfate Industry News, Policies by regions
    Stannous Sulfate Industry Porters Five Forces Analysis

    Key players in the global Stannous Sulfate market are covered in Chapter 2:
    Fine Chemicals Group Co., Ltd.
    Dhruv Chemicals
    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 6 and Chapter 9, on the basis of types, the Stannous Sulfate market from 2018 to 2028 is primarily split into:
    >=99%
    <99%

    In Chapter 7 and Chapter 10, on the basis of applications, 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 of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
    United States
    Europe
    China
    Japan
    India
    Southeast Asia
    Latin America
    Middle East and Africa
    Others

    In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.

    Chapter Outline
    This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:

    Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Stannous Sulfate market size in terms of revenue, sales volume, and average price.

    Chapter 2 analyzes the main companies in the Stannous Sulfate industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.

    Chapter 3 is an analysis of the competitive environment of Stannous Sulfate market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.

    Chapter 4 is an analysis of the Stannous Sulfate industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.

    Chapter 5 focuses on Stannous Sulfate market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.

    Chapters 6-8 have segmented the Stannous Sulfate market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.

    Chapters 9-11 provide detailed Stannous Sulfate market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.

    Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain 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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