Tin Fluoborate Market Size & Share, by Type (Electronic Grade, Pharmaceutical Grade, Industrial Grade, Metal Cleaning, Degreasing); Application (Metal Cleaning, Electroplating, Degreasing); End-user (Automotive, Kitchen-Ware, Healthcare, Consumer Electronics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4015
  • Published Date: Aug 10, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Tin Fluoborate Market size is estimated to garner a revenue of USD 200 Billion by the end of 2035, growing at a CAGR of 7% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of tin fluoborate was over USD 1 Billion. The growing use of electroplating in various end-user industries such as automotive, aircraft, electronics, and agriculture is the primary factor driving the growth of this market. As per ASEAN Automotive Federation, around 256,160 motor vehicles were sold in 2020.

Furthermore, metal cleaning is another factor driving the growth of this market. Various end use industries increase the demand for metal usage which further upsurges the demand for metal cleaning. As per data, the global metal cleaning material market held a market revenue of USD 15 billion in 2022.

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Tin Fluoborate Market: Key Insights

Base Year


Forecast Year

2023 – 2035



Base Year Market Size (2022)

~USD 1 Billion

Forecast Year Market Size (2035)

~USD 200 Billion

Regional Synopsis

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Tin Fluoborate Sector: Growth Drivers and Challenges


Growth Drivers

  • Increasing Demand in the Automotive Sector for Electroplating of Vehicles – The upsurge in the automotive sector for the electroplating of vehicles is driving the growth of this market. Electroplating of the vehicle is one of the most common and rapid utilization of tin fluoroborate. The global automotive electroplating market accounted for a market revenue of USD 12 billion in 2019.
  • Rapid Industrialization and Urbanization – With the growing disposable income of people and urbanization the growth of the market is also increasing. As more and more people are opting for electroplating of their automobiles and ornaments & other devices. For instance, industrialization has contributed around 23% to the global GDP.
  • Growing Investment in Research and Development of Product – Key market players and government authorities of various regions are focusing on the research and development of tin fluoborite to provide the population with better products and services. According to a study focused on developing a new tin fluoroborate electrolyte for tin electroplating, the research team sought to optimize the composition of the electrolyte to improve the efficiency of the plating process and reduce waste. This study demonstrates investment in research and development of new and improved products in the tin fluoroborate market.  


  • Harmful Side Effects to Health – Tin Fluoborate is a chemical that comes from the family of stannous or tin. Therefore, this chemical must be used with caution and proper safety measures. If it is not used properly then this might cause serious health issues such as burning the skin.
  • Ruptured Demand and Supply Chain Owing to COVID-19
  • Requirement of High Initial Investment

Tin Fluoborate Segmentation

Application (Metal Cleaning, Electroplating, Degreasing)

The electroplating segment in the tin fluoborate market is anticipated to hold the largest revenue share of around 35% in the forecast period. Since electronics and electrical products can get exposed to air, which results in the corrosion of the product. To protect those products from corrosion electroplating is used.

Also, electroplating is highly used in automobiles to coat the body of the vehicle with sunroof and non-corrosive compounds. This increases the demand for electroplating in the automotive industry. The automotive electroplating market is anticipated to grow at a CAGR of 6% by the end of 2028.

End-User (Automotive, Kitchen-Ware, Healthcare, Consumer Electronics)

The automotive segment is anticipated to account for 38% share of the global tin fluoborate market by the end of 2035. Tin fluoborate is widely used as a lightweight material for automobiles in the automotive industry. Furthermore, the growing need for lightweight and fuel-efficient car parts is propelling the expansion of this segment of the market. Also, lightweight vehicle parts or automobiles in general reduce the weight of the car at the same time it does not affect the performance and fuel efficiency of the vehicles. Therefore, the automobile industry is driving the industry growth. 

Our in-depth analysis of the global market includes the following segments:


  • Electronic Grade
  •  Pharmaceutical Grade
  •  Industrial Grade
  • Metal Cleaning
  •  Degreasing

   End User

  • Automotive
  • Kitchen-Ware
  • Healthcare
  • Consumer Electronics


  • Electroplating
  • Metal Cleaning
  • Degreasing

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Tin Fluoborate Industry - Regional Synopsis

APAC Market Forecast

The tin fluoborate market in the Asia Pacific region is estimated to gain the largest market share of 42% over the forecast period. This is attributed to the presence of major automobile manufacturing companies in the countries, such as Japan, India, China, and South Korea. These countries are a few of the biggest producers of automobiles and electronics in the world.  As per the statistics by IEA, Japan, and India together registered sales of 8 million cars in 2019, whereas China alone saw the sale of 25 million cars in the same year. Besides, the metal cleaning industry is also anticipated to drive the growth of this market in the Asia Pacific region.

North American Market Statistics

The tin fluoborate market in the North America is anticipated to account for the second-largest share of 30% in the forecast period. This can be attributed to the growing demand for electric vehicles in the region. As per data, the United States solely generated a market revenue of USD 62 billion with the production of Electric Vehicles in 2023, and it is anticipated account for a market revenue of 140 billion by the end of 2027.

Moreover, the advancing healthcare sector in the United States is another major growth factor for the regional market. re is anticipated to boost the growth of the market in this region.

Research Nester
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Companies Dominating the Tin Fluoborate Landscape

    • Kuntz Electroplating Inc. (KEI)
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Crest Chemicals (Pty) Ltd.
    • Lincoln Chemical Corporation
    • Muby Chem Ltd
    • Harshil Industries
    • Sharretts Plating Company, Inc.
    • Morita Chemical Industries Co. Ltd.
    • Strem Chemicals, Inc. (Ascensus Specialties)
    • Mitsubishi Chemical Corporation
    • Otto Chemie Pvt. Ltd.


In The News

  • Ascensus Specialty LLC ("Ascensus") and Wind Point Partners announced that Ascensus has successfully acquired Strem Chemicals, Inc. In terms of research-grade, high-purity catalysts, ligands, organometallics, metal carbonyls, and CVD/ALD precursors, Strem is a world leader.
  • Mitsubishi Chemical Corporation acquired all shares of Gelest Intermediate Holdings, Inc., the parent of Gelest, Inc. which is an America-based manufacturer, and supplier of silicones, organosilanes, metal-organics, and specialty monomers for advanced technology end markets.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 4015
  • Published Date: Aug 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing application in the automobile and healthcare sectors, are some of the major factors anticipated to drive the growth of the tin fluoborate market.

The market is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023 – 2035.

The market in Asia Pacific is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Crest Chemicals (Pty) Ltd., Lincoln Chemical Corporation, Muby Chem Ltd, Harshil Industries, Sharretts Plating Company, Inc., Morita Chemical Industries Co. Ltd., and others.

The electroplating segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Tin Fluoborate Market Report Scope

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