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Tin 2-ethylhexanoate Market

Tin 2-ethylhexanoate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

Tin 2-ethylhexanoate: Introduction

  • Tin 2-ethylhexanoate or stannous octoate or tin (ii) octoate is a compound of tin and tin source. Tin 2-ethylhexanoate is soluble in organic solvents as an organometallic compound (also known as metal organic, organo-inorganic, and metallo-organic compounds). Ethylhexanoates are carboxylates with many commercial applications. They are commonly used in various catalysts for oxidation, hydrogenation, and polymerization. They are also used adhesion promoters.
  • Tin 2-ethylhexanoate is generally immediately available in high volumes. It is viscous, combustible, and has various applications in the chemical industry
  • Tin 2-ethylhexanoate is available in ultra-high purity and high purity forms. Tin 2-ethylhexanoate is produced by the reaction of tin (II) oxide and 2-ethylhexanoic acid. It is a clear liquid at room temperature; though, it often appears yellow due to impurities, likely resulting from oxidation of Sn (II) to Sn (IV). It is widely used as intermediate compound in various chemicals reactions. Tin 2-ethylhexanoate can be used as a catalyst in systems based on polyurethanes or silicone resins. Addition of tin compound leads to reduced curing times. Furthermore, the compound can be used as a co-catalyst together with amino catalysts to control the blowing reaction.
  • Tin 2-ethylhexanoate catalysts are used extensively in various adhesives, sealants, varnishes, and coatings. It is used as a gelling agent in the production of flexible polyurethane block foam acting as a catalyst. Additionally, tin 2-ethylhexanoate catalyzes esterification reactions and indicates high activity.

Key Drivers and Restraints of Global Tin 2-ethylhexanoate Market

  • Rise in demand for tin 2-ethylhexanoate in the global market can be ascribed to the intrinsic benefits from its usage
  • Demand for tin 2-ethylhexanoate is primarily dependent on the demand and consumption characteristics of chemical, building & construction, and automotive industries. Rise in demand for polyurethanes production and polymer-based products is aiding the tin 2-ethylhexanoate market.
  • Growth in the building & construction sector in developing countries of North America and  Europe; and developing countries of Asia Pacific such as India, Japan, Thailand, South Korea, and Indonesia is expected to boost the demand for adhesives and sealants as well as varnishes & coatings, consequently driving the tin 2-ethylhexanoate market during the forecast period
  • Expansion in the automotive sector owing to the increase in demand for electric vehicles to curb the rise in air pollution is one of the factors that is propelling the demand for lubricants, paints, and coating. This, in turn, is estimated to drive the demand for tin 2-ethylhexanoate in the near future.
  • The tin 2-ethylhexanoate market experiences stringent environmental laws and regulations in regions such as North America and Europe. This is hampering the global market.

Tin 2-ethylhexanoate: Application Segment

  • In terms of application, the global tin 2-ethylhexanoate market can be segmented into catalyst for urethane foam, curing agent, and others
  • The catalyst for urethane foam segment is expected to account for significant share of the global tin 2-ethylhexanoate market during the forecast period
  • The curing agent segment is likely to expand at a rapid pace during the forecast period

Covid-19 Impact on Tin 2-ethylhexanoate Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
  • Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials and shortage of labor owing to the spread of the COVID-19 pandemic. This is expected to hamper the tin 2-ethylhexanoate market in the near future.

North America to Dominate Tin 2-ethylhexanoate Market

  • In terms of region, the global tin 2-ethylhexanoate market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America held significant share of the global tin 2-ethylhexanoate market in 2019. It is anticipated to remain a key region of the global market during the forecast period. This can be correlated to the rising demand for tin 2-ethylhexanoate in the manufacture of various chemical intermediaries. Europe is also predicted to be one of the major regional markets for tin 2-ethylhexanoate. Swift growth is expected in the market in Asia Pacific owing to significant advancements in urethane foam and chemical manufacturing sectors in countries such as China, India, South Korea, and Japan. Rapid growth in the plastic industry is also fuelling the demand for tin 2-ethylhexanoate.

Key Manufacturers Operating in Global Tin 2-ethylhexanoate Market

The global tin 2-ethylhexanoate market was consolidated in 2019. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global tin 2-ethylhexanoate market include:

  • Mitsubishi Chemical
  • Dow Chemical
  • LANXESS
  • Galata Chemicals
  • TCI Chemicals (India) Pvt. Ltd.
  • American Elements

Global Tin 2-ethylhexanoate Market: Research Scope

Global Tin 2-ethylhexanoate Market, by Purity

  • Purity Above 99%
  • Purity Below 99%

Global Tin 2-ethylhexanoate Market, by Application

  • Catalyst for Urethane Foam
  • Curing Agent
  • Other

Global Tin 2-ethylhexanoate Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
Tin 2-ethylhexanoate Market

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