Tin Fluoborate Market Size

Tin Fluoborate Market size was valued at USD 1.07 Billion in 2023 and is set to cross USD 2.55 Billion by 2036, expanding at more than 6.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of tin fluoborate is evaluated at USD 1.14 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.