Published by Coherent Market Insights
Posted on October 8, 2021
The global tin chemicals market was pegged at 61.7 Kilo Tons (KT) in 2018, and is expected to register a CAGR of 2.75% in terms of volume to reach 77.4 KT by 2027 over the forecast period (2019 – 2027).
Tin is a soft, silvery white metal widely used in tin-coated steel food containers, in metals used for bearings, in solders, and others. According to International Tin Association, tin chemicals represented for the second largest use of refined tin, accounting for around 17% of the global refined tin market in 2017. Tin chemicals are compounds that contain at least one bond between carbon and tin and are primarily used in industrial applications such as electroplating, chemical catalysts, reducing agents, glazes, surface treatment chemicals, electronic devices, and others. They can be segmented into numerous product types, namely sodium stannate, stannous chloride, stannic chloride, stannous oxalate, stannic sulphate, and others.
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Market Dynamics
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.
Key features of the study:
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The post Tin Chemicals Market Was Pegged At 61.7 Kilo Tons (Kt) In 2018, And Is Expected To Register A Cagr Of 1.75% | Mason Corporation, Ace Chemical Company, City Chemicals LLC appeared first on Gatorledger.
The global tin chemicals market was pegged at 61.7 Kilo Tons (KT) in 2018, and is expected to register a CAGR of 2.75% in terms of volume to reach 77.4 KT by 2027 over the forecast period (2019 – 2027).
Tin is a soft, silvery white metal widely used in tin-coated steel food containers, in metals used for bearings, in solders, and others. According to International Tin Association, tin chemicals represented for the second largest use of refined tin, accounting for around 17% of the global refined tin market in 2017. Tin chemicals are compounds that contain at least one bond between carbon and tin and are primarily used in industrial applications such as electroplating, chemical catalysts, reducing agents, glazes, surface treatment chemicals, electronic devices, and others. They can be segmented into numerous product types, namely sodium stannate, stannous chloride, stannic chloride, stannous oxalate, stannic sulphate, and others.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/2574
Market Dynamics
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.
Key features of the study:
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/2574
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Tin Chemicals Market Was Pegged At 61.7 Kilo Tons (Kt) In 2018, And Is Expected To Register A Cagr Of 1.75% | Mason Corporation, Ace Chemical Company, City Chemicals LLC appeared first on Gatorledger.
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