Stannooxalate Market Synopsis
Stannooxalate Market Size is Valued at USD 229.40 Million in 2023 and is Projected to Reach USD 359.24 Billion by 2032, Growing at a CAGR of 5.11% From 2024-2032.
It is an organotin compound used in organic synthesis and refers to an odorless coordination compound of tin and oxalate ions. Substance has a chemical formula SnC₂O₄, which reflects that it consist of one tin atom Sn and one oxalate ion C₂O₄. Stannous oxalate is usually a white or colour less crystalline solid which finds application in synthesis of other tin containing compounds and in several chemical analytical procedures. Sulfur dioxide is used widely in electroplating industry and can either be used as a reducer in certain reactions.
- The Stannooxalate market has featured superior growth in demand mainly because of the growing utility across several industrial segments. Stannooxalate is a tin-based chemical that is popularly utilized in electro-plating Industry for surface finishing needs such as in electronics electronics, automobile and hardware industries. This compound has very useful characteristics like high corrosion resistance and good adhesion to a lot of metals due to these reasons many industries need long-lasting and very strong coatings. Consumer awareness and awareness will continue to grow as industries strive to find ways of increasing the durability and efficiency of products the need for stannous oxalate will therefore continue to increase. In addition, various innovations made in the electroplating industry are continuing to widen the use of this compound making it more attractive in the market.
- At the regional level, the Stannooxalate market is growing at a fast pace in the Asia-Pacific region mainly because of the higher demand from electronics and automotive industries of countries such as China, Japan and South Korea. These nations are spending large amounts in new manufacturing technologies which in turn drives the use of stannous oxalate. However, the North America and European market is quite large and growing as the market moves up in the ladder of environment sensitivity and scares from NC was increasing the importance of using environmentally friendly and toxic free chemical in the industry. The increasing emphasis on green manufacturing may help the stannous oxalate industry find new opportunities because industries are looking for less hazardous chemicals. On balance, there is incredible growth in the global stannous oxalate market during the forecast period due to increased and developing technology use in various industries.
Stannooxalate Market Trend Analysis
Catalyst Demand and Energy Efficiency
- Special prominence is given to the emerging trend in the usage of stannous oxalate as a catalyst in the production of plastics and resins through polymerization. This catayst has a major function of improving the rate of the polymerization reaction and is significant in the synthesis of high performance plastics that is used in various applications such as in automotive and construction industries. Increasing demand for long-lasting and lightweight materials especially in automobile industry has continued to drive the demand for improved catalysts such as stannous oxalate. In such industries, stannous oxalate is used to enhance material properties and decrease the cost of production, and, therefore, the market should expand considerably.
- Also, the increasing focus on the energy efficiency in production lines has led to the boosting demand of the stannous oxalate as an enhanced chemical catalyst. While companies seek to lower their energy and carbon intensity, the property of stannous oxalate to enhance the rates of chemical reactions, while conserving resources, is attracting interest. Another advantage is the fact that it provides support to sustainable production processes and thus has expanded market presence in industries that need green and highly efficient chemical products. This trend is expected to continue as more and more industries look to be more environmentally sustainable and profits oriented.
Sustainability and Emerging Economies
- A further major driver that influence the stannous oxalate is the rising concern in the green chemistry manufacturing processes. With concerns towards the environment growing across the globe through industries and governments working towards environmental causes, stannous oxalate stands well to benefit in the waste treatment and recycling businesses. Its high reducing capacity makes it useful in the reduction of pollutants and efficient separation of useful material from wastes. The increase in focus on sustainability additionally elevate the prospects of stannous oxalate in a range of uses while being in sync with global trends toward attempting to lessen environmental effects and embrace circular economy principles.
- In addition there is still vast market for these end-user industries especially in the emerging economies across the Asia-Pacific region that is believed to present impressive opportunities to the market. There is today fast industrialization in some large nations such as those in the Asian region particularly china and India this have led to enhanced usage of chemicals among them being stannous oxalate in industrial processing. Also, the increased investments in chemical manufacturing and R D in these countries are opening up innovation adoption of superior material. When analyzing the future of stannous oxalate market, one should mention the industrial growth of this production, alongside with the trend of using more environmentally-safe materials among manufacturers and customers.
Stannooxalate Market Segment Analysis:
- Stannooxalate Market Segmented based on By Synonyms and By Parent Compound.
By SynonymsStannous Oxalate, segment is expected to dominate the market during the forecast period
- Stannous oxalate, better known as tin(II) oxalate or tin oxalate, is an indicative coordination compound that results from the coordination between tin and oxalic acid. It has the chemical name SnC2O4 with tin in a +2 oxidation state. This compound commonly comes in white crystalline powdery form and is soluble in water hence adding great value whenever it is used in any chemical operations. Stannous oxalate is very commonly prepared by the reaction between tin(II) salt and oxalic acid, a reaction that simply co-ordinates the metallic element with the organic acid to form this coordination compound. Due to its simplicity in terms of preparation as well as relative solubility it is a useful chemical compound in the laboratory environment.
- Over the course of the last decade, stannous oxalate has generated a massive amount of interest for its possible uses across various industries ranging from photovoltaic technology to ORGANOcatalysis. Ac organic chemistry, its electrochemical characteristics attributed to the +2 oxidation state of tin make it to act as a catalytic agent in several organic responses with possible subsequent increase in the rate of response as well as overall yields. Third, the compound’s capacity to form stable complexes with other materials adds value regarding functionality in analytical chemistry, where it may be used for detection or measurement purposes. In the course of future work, further enhancements of the current capacities of stannous oxalate may be identified as well as new and other opportunities for further research and testing in the academic and industrial sector.
By Parent Compound, Oxalic Acid segment held the largest share in 2023
- Ethanedioic acid also known as oxalic acid has the chemical formula C2H2O4 It is a dicarboxylic acid and naturally occurring in plants and vegetables for example rhubarb and spinach and functions both as products of metabolism and defense against herbivores. Oxalic acid has a colourless and crystalline structure and because it is soluble in water, its chelating properties are improved. This property enables it to form complexes with metal ions that are essential in many chemical reactions in the distinct class of reactions.
- Oxalic acid is common because of its acidic properties to be useful in several industries. Its prime uses are in metal cleaning and bleaching as its reducing properties of metal ions are used in surface preparation and desalinating stains. Also, oxalic acid serves purposes of a reducing agent in the preparation of sundry chemicals involving redox reactions. Concerning stannous oxalate, oxalic acid is the bidentate ligand, which forms complex with tin. This interaction also shows how oxalic acid can be used in chemical synthesis and emphasizes the role of the compound in the synthesis of coordination complexes that might find use in material science and catalysis.
Stannooxalate Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- Ethanedioic acid also known as oxalic acid has the chemical formula C2H2O4 It is a dicarboxylic acid and naturally occurring in plants and vegetables for example rhubarb and spinach and functions both as products of metabolism and defense against herbivores. Oxalic acid has a colourless and crystalline structure and because it is soluble in water, its chelating properties are improved. Thus, this property enables it to form fairly stable complexes with different metalions; complexes that are often necessary in many chemicalreactions.
- Oxalic acid is common because of its acidic properties to be useful in several industries. Its prime uses are in metal cleaning and bleaching as its reducing properties of metal ions are used in surface preparation and desalinating stains. Further, oxalic acid serves a vital part of the synthesis of many chemicals as it catalyses many reactions that involve transfer of electrons. Concerning stannous oxalate, oxalic acid is the bidentate ligand, which forms complex with tin. This interaction also shows how oxalic acid can be used in chemical synthesis and emphasizes the role of the compound in the synthesis of coordination complexes that might find use in material science and catalysis.
Active Key Players in the Stannooxalate Market
- A B Enterprises (India)
- Dow (U.S.)
- Sharon group (Israel)
- Ipca Laboratories Ltd. (India)
- Mani Agro Chemicals (India)
- Chemical Book (India)
- AECOCHEM (China)
- Haihang Industry (China)
- Shanghai Rich Chemicals Co., Ltd (China)
- Wuhan Fortuna Chemical Co., Ltd (China)
- Westman Chemicals Pvt. Ltd (India)
- Other Key Players
Global Stannooxalate Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 229.40 Bn. |
Forecast Period 2023-34 CAGR: |
5.11% |
Market Size in 2032: |
USD 359.24 Bn. |
Segments Covered: |
By Synonyms |
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By Parent Compound |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Stannooxalate Market by Synonyms
4.1 Stannooxalate Market Snapshot and Growth Engine
4.2 Stannooxalate Market Overview
4.3 Stannous Oxalate
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Stannous Oxalate: Geographic Segmentation Analysis
4.4 Tin(II) Oxalate
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Tin(II) Oxalate: Geographic Segmentation Analysis
4.5 Tin Oxalate
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Tin Oxalate: Geographic Segmentation Analysis
4.6 Ethanedioic Acid
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Ethanedioic Acid: Geographic Segmentation Analysis
Chapter 5: Stannooxalate Market by Parent Compound
5.1 Stannooxalate Market Snapshot and Growth Engine
5.2 Stannooxalate Market Overview
5.3 Oxalic Acid
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Oxalic Acid: Geographic Segmentation Analysis
5.4 Tin Powder
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Tin Powder: Geographic Segmentation Analysis
Chapter 6: Company Profiles and Competitive Analysis
6.1 Competitive Landscape
6.1.1 Competitive Benchmarking
6.1.2 Stannooxalate Market Share by Manufacturer (2023)
6.1.3 Industry BCG Matrix
6.1.4 Heat Map Analysis
6.1.5 Mergers and Acquisitions
6.2 A B ENTERPRISES (INDIA)
6.2.1 Company Overview
6.2.2 Key Executives
6.2.3 Company Snapshot
6.2.4 Role of the Company in the Market
6.2.5 Sustainability and Social Responsibility
6.2.6 Operating Business Segments
6.2.7 Product Portfolio
6.2.8 Business Performance
6.2.9 Key Strategic Moves and Recent Developments
6.2.10 SWOT Analysis
6.3 DOW (US)
6.4 SHARON GROUP (ISRAEL)
6.5 IPCA LABORATORIES LTD (INDIA)
6.6 MANI AGRO CHEMICALS (INDIA)
6.7 CHEMICAL BOOK (INDIA)
6.8 AECOCHEM (CHINA)
6.9 HAIHANG INDUSTRY (CHINA)
6.10 SHANGHAI RICH CHEMICALS CO LTD (CHINA)
6.11 WUHAN FORTUNA CHEMICAL CO LTD (CHINA)
6.12 AND WESTMAN CHEMICALS PVT LTD (INDIA)
6.13 OTHERS
Chapter 7: Global Stannooxalate Market By Region
7.1 Overview
7.2. North America Stannooxalate Market
7.2.1 Key Market Trends, Growth Factors and Opportunities
7.2.2 Top Key Companies
7.2.3 Historic and Forecasted Market Size by Segments
7.2.4 Historic and Forecasted Market Size By Synonyms
7.2.4.1 Stannous Oxalate
7.2.4.2 Tin(II) Oxalate
7.2.4.3 Tin Oxalate
7.2.4.4 Ethanedioic Acid
7.2.5 Historic and Forecasted Market Size By Parent Compound
7.2.5.1 Oxalic Acid
7.2.5.2 Tin Powder
7.2.6 Historic and Forecast Market Size by Country
7.2.6.1 US
7.2.6.2 Canada
7.2.6.3 Mexico
7.3. Eastern Europe Stannooxalate Market
7.3.1 Key Market Trends, Growth Factors and Opportunities
7.3.2 Top Key Companies
7.3.3 Historic and Forecasted Market Size by Segments
7.3.4 Historic and Forecasted Market Size By Synonyms
7.3.4.1 Stannous Oxalate
7.3.4.2 Tin(II) Oxalate
7.3.4.3 Tin Oxalate
7.3.4.4 Ethanedioic Acid
7.3.5 Historic and Forecasted Market Size By Parent Compound
7.3.5.1 Oxalic Acid
7.3.5.2 Tin Powder
7.3.6 Historic and Forecast Market Size by Country
7.3.6.1 Bulgaria
7.3.6.2 The Czech Republic
7.3.6.3 Hungary
7.3.6.4 Poland
7.3.6.5 Romania
7.3.6.6 Rest of Eastern Europe
7.4. Western Europe Stannooxalate Market
7.4.1 Key Market Trends, Growth Factors and Opportunities
7.4.2 Top Key Companies
7.4.3 Historic and Forecasted Market Size by Segments
7.4.4 Historic and Forecasted Market Size By Synonyms
7.4.4.1 Stannous Oxalate
7.4.4.2 Tin(II) Oxalate
7.4.4.3 Tin Oxalate
7.4.4.4 Ethanedioic Acid
7.4.5 Historic and Forecasted Market Size By Parent Compound
7.4.5.1 Oxalic Acid
7.4.5.2 Tin Powder
7.4.6 Historic and Forecast Market Size by Country
7.4.6.1 Germany
7.4.6.2 UK
7.4.6.3 France
7.4.6.4 Netherlands
7.4.6.5 Italy
7.4.6.6 Russia
7.4.6.7 Spain
7.4.6.8 Rest of Western Europe
7.5. Asia Pacific Stannooxalate Market
7.5.1 Key Market Trends, Growth Factors and Opportunities
7.5.2 Top Key Companies
7.5.3 Historic and Forecasted Market Size by Segments
7.5.4 Historic and Forecasted Market Size By Synonyms
7.5.4.1 Stannous Oxalate
7.5.4.2 Tin(II) Oxalate
7.5.4.3 Tin Oxalate
7.5.4.4 Ethanedioic Acid
7.5.5 Historic and Forecasted Market Size By Parent Compound
7.5.5.1 Oxalic Acid
7.5.5.2 Tin Powder
7.5.6 Historic and Forecast Market Size by Country
7.5.6.1 China
7.5.6.2 India
7.5.6.3 Japan
7.5.6.4 South Korea
7.5.6.5 Malaysia
7.5.6.6 Thailand
7.5.6.7 Vietnam
7.5.6.8 The Philippines
7.5.6.9 Australia
7.5.6.10 New Zealand
7.5.6.11 Rest of APAC
7.6. Middle East & Africa Stannooxalate Market
7.6.1 Key Market Trends, Growth Factors and Opportunities
7.6.2 Top Key Companies
7.6.3 Historic and Forecasted Market Size by Segments
7.6.4 Historic and Forecasted Market Size By Synonyms
7.6.4.1 Stannous Oxalate
7.6.4.2 Tin(II) Oxalate
7.6.4.3 Tin Oxalate
7.6.4.4 Ethanedioic Acid
7.6.5 Historic and Forecasted Market Size By Parent Compound
7.6.5.1 Oxalic Acid
7.6.5.2 Tin Powder
7.6.6 Historic and Forecast Market Size by Country
7.6.6.1 Turkey
7.6.6.2 Bahrain
7.6.6.3 Kuwait
7.6.6.4 Saudi Arabia
7.6.6.5 Qatar
7.6.6.6 UAE
7.6.6.7 Israel
7.6.6.8 South Africa
7.7. South America Stannooxalate Market
7.7.1 Key Market Trends, Growth Factors and Opportunities
7.7.2 Top Key Companies
7.7.3 Historic and Forecasted Market Size by Segments
7.7.4 Historic and Forecasted Market Size By Synonyms
7.7.4.1 Stannous Oxalate
7.7.4.2 Tin(II) Oxalate
7.7.4.3 Tin Oxalate
7.7.4.4 Ethanedioic Acid
7.7.5 Historic and Forecasted Market Size By Parent Compound
7.7.5.1 Oxalic Acid
7.7.5.2 Tin Powder
7.7.6 Historic and Forecast Market Size by Country
7.7.6.1 Brazil
7.7.6.2 Argentina
7.7.6.3 Rest of SA
Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies
Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research
Global Stannooxalate Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 229.40 Bn. |
Forecast Period 2023-34 CAGR: |
5.11% |
Market Size in 2032: |
USD 359.24 Bn. |
Segments Covered: |
By Synonyms |
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By Parent Compound |
|
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By Region |
|
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Key Market Drivers: |
|
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Market research report is 2024-2032.
A B Enterprises (India), Dow (U.S.), Sharon group (Israel), Ipca Laboratories Ltd. (India), Mani Agro Chemicals (India), Chemical Book (India), AECOCHEM (China), Haihang Industry (China), Shanghai Rich Chemicals Co., Ltd (China), Wuhan Fortuna Chemical Co., Ltd (China), and Westman Chemicals Pvt. Ltd (India) and among others.
The Stannooxalate Market is segmented into By Synonyms, By Parent Compound and region. By Synonyms, the market is categorized into Stannous Oxalate, Tin(II) Oxalate, Tin Oxalate, and Ethanedioic Acid. By Parent Compound, the market is categorized into Oxalic Acid and Tin Powder. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Stannous oxalate also referred as tin(II) oxalate is one of the chemical compound of tin and oxalate salt. The chemical formula of this compound is SnC₂O₄; therefore, tin is in one place and the oxalate group is in one place. Stannous oxalate is generally a white or colorless crystalline solid that can be utilized in many chemical applications and is employed as a reactant in the formation of other tin compositions and in specific chemical testing procedures. This substance is widely used mainly in the electroplating business and may also be utilized as a reductant in specific reactions.
Stannooxalate Market Size is Valued at USD 229.40 Million in 2023 and is Projected to Reach USD 359.24 Billion by 2032, Growing at a CAGR of 5.11% From 2024-2032.