The global tin market size reached 395.8 Kilo Tonnes in 2022. Looking forward, the analyst expects the market to reach 448.3 Kilo Tonnes by 2028, exhibiting a growth rate (CAGR) of 1.9% during 2023-2028.
Tin is a highly crystalline silvery-white post-transition metal belonging to group 14 of the carbon family, that is derived from the mineral cassiterite. It is characterized by its malleability, ductility, and chemical similarities with germanium and lead. Through refinement, tin develops corrosion resistance and can be transformed into thin sheets. This allows it to be used as a coating material for protecting other metals. Additionally, it is impervious to oxygen and water at room temperatures and has a low roughness factor. Tin is extensively utilized in a wide range of end-use industries, such as consumer electronics, automobiles, and food and beverage.
2. What is the expected growth rate of the global tin market during 2023-2028?
3. What has been the impact of COVID-19 on the global tin market?
4. What are the key factors driving the global tin market?
5. What is the breakup of the global tin market based on the application?
6. What are the key regions in the global tin market?
7. Who are the key players/companies in the global tin market?
Tin is a highly crystalline silvery-white post-transition metal belonging to group 14 of the carbon family, that is derived from the mineral cassiterite. It is characterized by its malleability, ductility, and chemical similarities with germanium and lead. Through refinement, tin develops corrosion resistance and can be transformed into thin sheets. This allows it to be used as a coating material for protecting other metals. Additionally, it is impervious to oxygen and water at room temperatures and has a low roughness factor. Tin is extensively utilized in a wide range of end-use industries, such as consumer electronics, automobiles, and food and beverage.
Tin Market Trends:
The market is majorly driven by the escalating product demand in the electrical and electronics industry. This can be attributed to the increasing adoption of tin lead wire solder in the manufacturing of heat-sensitive components due to its excellent corrosion resistance. A considerable rise in residential and commercial construction activities is also influencing the market positively. Moreover, the growing usage of tin and tin compounds in Li-ion batteries for utilization in electric vehicles (EVs) are providing an impetus to the market growth. Apart from this, the widespread adoption of smart devices across the globe is creating a positive outlook for the market. The market is further driven by the paradigm shift toward recycling tin and using reusable tin products. Some of the other factors contributing to the market growth include rapid industrialization, the electrification of vehicles, the expanding food and beverages industry and extensive research and development (R&D) activities conducted by key players.Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global tin market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application and end use industry.Breakup by Product Type:
- Metal
- Alloy
- Compounds
Breakup by Application:
- Soldering
- Tin Plating
- Chemicals
- Others
Breakup by End Use Industry:
- Automotive
- Electronics
- Packaging (Food and Beverages)
- Glass
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being ArcelorMittal S.A, Aurubis Beerse nv, Avalon Advanced Materials Inc., DuPont de Nemours Inc., Indium Corporation, Malaysia Smelting Corporation Berhad, Minsur, PT. Timah Tbk (PT Indonesia Asahan Aluminium), Thailand Smelting and Refining Co. Ltd. and Yunnan Tin Group (Holding) Company Limited.Key Questions Answered in This Report
1. What was the size of the global tin market in 2022?2. What is the expected growth rate of the global tin market during 2023-2028?
3. What has been the impact of COVID-19 on the global tin market?
4. What are the key factors driving the global tin market?
5. What is the breakup of the global tin market based on the application?
6. What are the key regions in the global tin market?
7. Who are the key players/companies in the global tin market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Tin Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ArcelorMittal S.A
- Aurubis Beerse nv
- Avalon Advanced Materials Inc.
- DuPont de Nemours Inc.
- Indium Corporation
- Malaysia Smelting Corporation Berhad
- Minsur
- PT. Timah Tbk (PT Indonesia Asahan Aluminium)
- Thailand Smelting
- Refining Co. Ltd. and Yunnan Tin Group (Holding) Company Limited.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value in 2022 | 395.8 Kilo Tonnes |
| Forecasted Market Value by 2028 | 448.3 Kilo Tonnes |
| Compound Annual Growth Rate | 2.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
