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

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

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.

Market Overview:

The latest research study on the global Stannous Sulfate market finds that the global Stannous Sulfate market reached a value of USD 131.88 million in 2022. It’s expected that the market will achieve USD 154.56 million by 2028, exhibiting a CAGR of 2.68% during the forecast period.

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.

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

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
Dhruv Chemicals

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

>=99%<99%

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

Acid Tin Plating
Aluminium Anodizing

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)