Tin Fluoborate Market 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:
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