Global Stannous Octoate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Stannous Octoate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Stannous Octoate is an oily liquid which has C16H30O4Sn as chemical formula. It is an polyurethane catalyst which is mainly used in soft lump foam production. It can also be used in the (polyurethane) coating and elastomer areas and as a polymerization initiator in the production of rubber and polylactic acid.

Market Overview:

The latest research study on the global Stannous Octoate market finds that the global Stannous Octoate market reached a value of USD 133.92 million in 2022. It’s expected that the market will achieve USD 164.05 million by 2028, exhibiting a CAGR of 3.44% during the forecast period.

Drivers

Stannous octane (is a catalyst for polyurethane foam production, room temperature curing silicone rubber, polyurethane rubber, polyurethane coating catalyst. Chemical properties are extremely unstable and easy to be oxidized. It is used as a catalyst for the synthesis of polyurethane and room temperature vulcanization of silicone rubber. It is also used as a catalyst curing agent for epoxy resin. The catalytic activity of stannous octoate is higher than that of dibutyltin dilaurate during curing. If both of them are used together, the effect is better than that of using alone, and the reaction speed and curing speed can be taken into account. With the development of downstream curing agent industry, the market demand of stannous octoate is also increasing.

Except for the above, in developed market, they have more international companies, good channels, highly market maturity, fierce competition, a highly competent management team, technology and finance advantages, keep on innovation, prominent market participants invest heavily in R&D, with introduction of new technologies to their products, all of which make a growing market demand for Stannous octane.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Evonik Industries AG, Lanxess AG and Gulbrandsen Chemicals Inc. with the revenue market share of 14.47%, 11.33% and 7.92% in 2018.

Evonik Industries AG engages in the specialty chemicals business worldwide. It operates through Nutrition & Care, Resource Efficiency, Performance Materials, and Services segments. The Nutrition & Care segment offers specialty chemicals, including amphoteric surfactants, ceramides, phytosphingosines, oleochemicals, quaternary derivatives, polyurethane additives, organically modified silicones, superabsorbents, amino acids and amino acid derivatives, synthesis products, pharmaceutical polymers, and DL-methionine for use in consumer goods, and animal nutrition and healthcare products. The Resource Efficiency segment provides highperformance materials and specialty additives.

LANXESS Corporation develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics. It offers industrial intermediates and aromatic compounds, including chlorobenzenes, chlorotoluenes, cresols, nitrotoluenes, and their derivatives; amines, benzyl products, hydrofluoric acid, and sulfuric acid; phthalic anhydride and maleic anhydride; hydrazine hydrate; trimethylol propane and hexandiol; adipic acid; and antidegradants, accelerators, peptizing agents, and sodium mercaptobenzothiazole. It offers inorganic pigments; high performance materials; liquid purification technologies for application in industrial process/wastewater treatment, water recycling.

Segmentation Overview:

Among different product types, Liquid segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Catalyst segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Stannous Octoate market covered in Chapter 3:

Jiangsu Yoke Technology Co.,Ltd
Gulbrandsen Chemicals Inc.
Suzhou Hengguang Chemical Technology Co.,Ltd
Dura Chemical Corporation Ltd
Reaxis Inc.
Cosutin Industrial Co.,Ltd
Shanghai Sungo Technology & Trade Co., Ltd
Sancai Industry Co.,Ltd
Evonik Industries AG
Cangzhou City Junchiweiye Chemical Co.,Ltd Johoku Chemical Co., Ltd
TIB Chemicals AG
Lanxess AG

In Chapter 4 and Chapter 14.2, on the basis of types, the Stannous Octoate market from 2018 to 2029 is primarily split into:

Liquid
Solid

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Stannous Octoate market from 2018 to 2029 covers:

Catalyst
Curing Agent
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)