Tin Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The Tin Market size was valued at USD 8.2 Billion in 2022 and is projected to reach USD 9.9 Billion by 2030, growing at a CAGR of 1.9% from 2022 to 2030.
Tin Market Overview
Tin has applications in soldering, thinning, and many other industries. Tin alloys are made by combining base metals or by adding some elements such as antimony to increase hardness and strength properties. It is also applied to anti-corrosion coating of marine equipment parts such as ship propellers and hulls. Its main use can be found in the food packaging industry as a coating for steel cans containing beverages such as carbonated beverages due to its greater resistance to acidic liquids present inside the container. Growing demand from the food packaging industry is driving the demand for tin foil and other packaging materials, coupled with the expansion of the consumer electronics industry, which may propel the global tin market growth.
Moreover, health and environmental risks are a challenge for this market. Moreover, the use of tin in the solar energy industry provides ample opportunities for market growth. However, a stagnant production decline in the coming years may hamper the market growth. Tin is alloyed with lead to produce a solder with a lower melting point than either tin or lead. Small amounts of other metals, particularly antimony and silver, are added to tin-lead solder to increase strength. These soldiers are used for joints exposed to high or even sub-zero service temperatures. Innovations have been made to produce lead-, cadmium- and antimony-free solders to reduce human health and environmental impact.
Tin metal readily alloys with many other non-metals while adhering to healthy environmental norms. The electronics and electrical industries use solders containing 40-70% tin that provide strong and reliable bonds in a variety of environmental conditions. Most assemblers today use a patented tin-copper-based solder. The average share of lead-free soldiers in the electronics industry increased to 79% globally from 2019 to 2020. 73% of the specific tin used worldwide in lead-free solder contains less than 100 ppm lead. The trend toward higher purity, and lower lead specifications in tin plating in 2019 improved its use in soldering applications as 47% of the refined tin used contained less than 50 ppm lead.
The Tin Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Tin market.
Some of the key players profiled in the study are:
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: YUNNAN TIN COMPANY GROUP LIMITED, PT TIMAH Tbk, Malaysia Smelting Corporation Berhad, Yunnan Chengfeng Nonferrous Metals Co. Ltd, Empresa Metalúrgica Vinto S.A, Gejiu Zili Mining and Smelting Co., Ltd., Guangxi China Tin Group, Malaysia Smelting Corporation, Metallo-Chimique International N.V., Minsur S.A., Thailand Smelting and Refining Co., Ltd., and others.
- June 2020: Aurubis AG acquired the recycling company Metallo, a global provider, and recycler of metals like tin, lead, nickel, copper, and zinc, to strengthen its global presence in the smelting business and to enhance its portfolio.
- February 2020: JFE Steel Corporation decided to close one of its tin mills, producing electrolytic tinplate, in the Chiba district of Japan by March 2020 to consolidate tinplate lines.
What are the major Applications, Types, and Regions for the Tin Market?
On the Basis of Type:
- Pyrogenic Process
- Electrolytic Process
- Tin Plating
- Specialized Alloy
- Lead-acid Battery
- Other Applications
- Packaging (Food and Beverages)
- Other End-user Industries
Tin Market Regional Insights:
Asia Pacific is currently the largest market for tin-based soldiers due to increasing demand from the electronics industry and a growing production base. China is the largest market for tin-based soldiers in terms of production and consumption, with huge and growing electronics and automotive industries driving demand.
Geographically, the global Tin market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Tin Market Report Scope:
CAGR of 1.9% from 2022 to 2030.
Pyrogenic Process, Electrolytic Process, Others,
Metal, Alloy, Compoun
Soldering, Tin Plating, Specialized Alloy, Lead-acid Battery, Chemicals, Other Applications
By End-use Industry
Automotive, Electronics, Packaging (Food and Beverages), Glass, and Other End-user Industries
YUNNAN TIN COMPANY GROUP LIMITED, PT TIMAH Tbk, Malaysia Smelting Corporation Berhad, Yunnan Chengfeng Nonferrous Metals Co. Ltd, Empresa Metalúrgica Vinto S.A, Gejiu Zili Mining and Smelting Co., Ltd., Guangxi China Tin Group, Malaysia Smelting Corporation, Metallo-Chimique International N.V., Minsur S.A., Thailand Smelting and Refining Co., Ltd., and others.
Regions and Countries Covered
2017 to 2022
2023 to 2030
Frequently Asked Questions (FAQ) about the Tin market:
What is the CAGR of the global Tin market?
The Tin Market is growing at a CAGR of 1.9% during the forecast period.
Which region would offer high growth for vendors in the Tin market?
Asia Pacific is currently the largest market for tin market.
Which Is the Most potential market segment?
By Types- Pyrogenic Process, Electrolytic Process, Others,
By Applications - Soldering, Tin Plating, Specialized Alloy, Lead-acid Battery, Chemicals, Other Applications
Which are the top industry players in the Tin market?
YUNNAN TIN COMPANY GROUP LIMITED, PT TIMAH Tbk, Malaysia Smelting Corporation Berhad, Yunnan Chengfeng Nonferrous Metals Co. Ltd, Empresa Metalúrgica Vinto S.A, Gejiu Zili Mining and Smelting Co., Ltd., Guangxi China Tin Group, Malaysia Smelting Corporation, Metallo-Chimique International N.V., Minsur S.A., Thailand Smelting and Refining Co., Ltd., and others.All of our reports are custom to your company's needs to some extent and we offer 5 hours of free consultation time with each report purchase, which will allow you to request any additional data to custom the report to your needs.