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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Tin Chloride is a white, crystalline, powdered material, which is also called as stannous chloride. Tin chloride creates an aqueous solution that tends to endure hydrolysis, especially if it is hot. It has chemical formula SnCl2, however, it should not be confused with SnCl4 as it is the chemical formula for stannic chloride. Tin chloride is mostly used as a sensitizing agent for plastic, metallic, and glass surfaces to prepare plastics and metals for metalizing electronic components, mirrors. Tin chloride finds applications in various industries such as in packaging for packaged food, electronics, and metalized glazing. It is also used as a reducing agent for drilling, in thermoplastic elastomers, tin electroplating bath, polymers, tanning agent, and as a catalyst in the pharmaceutical industry.

Market Outlook

Global tin chloride market size is expected to expand significantly during the forecast period, owing to increasing demand for tin chloride from various industries worldwide. Increasing population around the globe is expected to increase the demand for canned food and vegetables. This is expected to increase the demand for tin chloride for the manufacturing of tin cans and subsequently support growth of the market. Tin canned food products and vegetables remain fresh for an extended period of time, ensuring their nutrient quality and flavor. Such benefits are expected to increase the demand for tin chloride. Furthermore, tin chloride finds application in the electronics industry for the manufacturing of electronic components and other industrial applications. Increasing demand for electronic products and components is expected to drive the market growth in the near future. Moreover, increasing the use of tin chloride catalysts in petrochemical refining is expected to increase the demand for tin chloride and hence support the market growth. Catalysts like tin chloride accelerate the chemical reaction rate at which it would reach equilibrium.

Food and electronics-related industries offer excellent potential for market players to enhance their revenues in the global tin chloride market during the forecast period.

Market Regional Analysis

Asia Pacific is expected to account for the largest market share in the global tin chloride market in the near future. This is owing to increasing demand for tin chloride from emerging economies such as India and China. Moreover, rapid growth showing by countries in Africa, the Middle East, and Latin America is expected to propel the market growth. Furthermore, growing population in counties is increasing the demand for tin chloride and subsequently supporting growth of the market.

Market Players

Major players operating in global tin chloride market include Yunnan Tin Group, Showa America, ACIMA Specialty Chemicals, The European Fine Chemicals Group (EFCG), Shanghai NANWEI Chemicals, Mason Corporation, Showa Kako Corporation, and Liuzhou China Tin Group Co., Ltd.

Key Developments

  • In a research paper published on Journal of Advanced Research (Elsevier) in March 2019, scientists found that tin chloride acts as a catalyst to enhance the electro-catalytic activity during the synthesis of NiSn alloy nanoparticle. NiSn alloy is further used to manufacture urea fuel cells. New innovations in the electrical & electronics industry will further drive the growth of tin chloride market globally.
  •  In July 2018, European Food Safety Authority (EFSA) has approved Stannous Chloride (Tin Chloride) to be used as a food additive. Tin chloride acts as an antioxidant as well as provides color retention. Increasing demand for tin chloride in food & beverage industry is set to drive the global tin chloride market.
  • In January 2018, in a research article published on Journal of Nanoscience and Nanotechnology (ASP) studied the use of tin chloride in the synthesis of SnS2 nanoparticles which is further used as a photocatalyst. Increasing use of tin chloride for nanotechnology application is driving the global tin chloride market.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users