Global Stannous Octoate Market Drivers and Application: Total Value is $154.09 Million in 2024

Global Stannous Octoate Market Overview

According to Global Market Monitor, the global stannous octoate market size is $154.09 million in 2024 with a CAGR of 3.56% from 2024 to 2029.

Stannous octoate is an oily liquid that has C16H30O4Sn as a chemical formula. It is a polyurethane catalyst that is mainly used in soft lump foam production. It can also be used in the (polyurethane) coating and elastomer areas and as a polymerization initiator in the production of rubber and polylactic acid.

Market Drivers

Stannous octane (is a catalyst for polyurethane foam production, room temperature curing silicone rubber, polyurethane rubber, and polyurethane coating catalyst. Chemical properties are extremely unstable and easy to oxidize. It is used as a catalyst for the synthesis of polyurethane and room-temperature vulcanization of silicone rubber. It is also used as a catalyst-curing agent for epoxy resin. The catalytic activity of stannous octoate is higher than that of dibutyltin dilaurate during curing. If both of them are used together, the effect is better than that of using alone, and the reaction speed and curing speed can be taken into account. With the development of the downstream curing agent industry, the market demand for stannous octoate is also increasing.A curing agent is a typically fine and special chemical. The development of the curing agent industry is the premise and foundation of the epoxy resin industry. Based on the development of technology, using curing agents with existing chemical structures and adopting chemical and physical modification, the properties of curing agents are improved and the development of the epoxy resin industry is promoted.

Except for the above, in a developed market, they have more international companies, good channels, high market maturity, fierce competition, a highly competent management team, technology, and finance advantages, keep on innovation, prominent market participants invest heavily in R&D, with the introduction of new technologies to their products, all of which make a growing market demand for Stannous octane.

The top three companies are Evonik Industries AG, Lanxess AG, and Gulbrandsen Chemicals Inc. with revenue market share of 14.47%, 11.33%, and 7.92% in 2023.

Evonik Industries AG engages in the specialty chemicals business worldwide. It operates through Nutrition & Care, Resource Efficiency, Performance Materials, and Services segments. The Nutrition & Care segment offers specialty chemicals, including amphoteric surfactants, ceramides, phytosphingosine, oleochemicals, quaternary derivatives, polyurethane additives, organically modified silicones, superabsorbents, amino acids and amino acid derivatives, synthesis products, pharmaceutical polymers, and DL-methionine for use in consumer goods, and animal nutrition and healthcare products. The Resource Efficiency segment provides high-performance materials and specialty additives.

Company Name	Evonik Industries AG
Website	www.evonik.com
Established Time	2007
Plants Distribution	Europe, North America
Sales Region	Worldwide

For more industry information, please refer to our latest released "2023 Global Stannous Octoate Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".