Global Tin Market Size By Application (Tin Plating, Soldering, Glass, Chemicals), By Competitive Landscape, By Geographic Scope And Forecast

Tin Market Size And Forecast

Tin Market size was valued at USD 6.80 Billion in 2021 and is projected to reach USD 9.35 Billion by 2030, growing at a CAGR of 3.70% from 2023 to 2030.

The increasing demand in the food packaging industry led to an increase in demand for tin foil and other packaging materials coupled with expansion in the consumer electronics industry is expected to propel the global Tin Market growth. The Global Tin Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Tin Market Definition

So, tin is this cool, silver-white metal that's really soft. It's related to carbon, like germanium and lead, which is kind of interesting. You can really work with it – it's super malleable and ductile, meaning you can smash it into a thin sheet. The cool thing is, it doesn't react to oxygen or water when it's just sitting around. Plus, it's got some great properties like resisting corrosion, being nice and smooth, and having a low melting point. Because it doesn't corrode easily, we use it to coat other metals and protect them! You'll find tin all over the place, from electronics to cars, and even in how we package our food and drinks. Basically, it's a pretty essential metal, especially when it comes to making our consumer electronics.

2020 wasn't kind to the market, thanks to COVID-19. The pandemic put the brakes on automotive manufacturing, leading to a dip in production for things like fuel tanks, sealants, nuts, bolts, radiators, roofing, and all sorts of parts – that really hurt demand in the Tin Market. But hey, the packaging industry got a boost during all this! More tin was needed to package pharmaceutical and food and beverage items, which actually helped the tin market grow. Plus, let's not forget how much we love our new gadgets. The ever-evolving world of consumer electronics keeps us spending, which is a major driver for the Global Tin Market. After all, tin is a critical metal used in making these devices, with over 60% of it going into welding. That's a lot of tin!

Okay, so it looks like we're heading for a bit of a problem with tin! Production might not be able to keep up with how much we're using, creating a demand-supply gap soon. With industries growing so fast and cities getting bigger in places like Asia Pacific and Latin America, we might start needing more tin than we can actually produce. To make matters worse, some of the big mines in Brazil and Peru are running low, which is already hurting industries that rely on tin all over the world. And new projects to get more tin out of the ground aren't expected to start until 2024, so they won't help close that gap right away. Basically, the tin shortage could get even worse in the next few years. These pipeline projects are aiming to meet future demand, but unfortunately, the demand is growing faster than the supply can keep up with.

Global Tin Market Overview

Tin is pretty handy stuff! You'll find it in solder, that shiny tinplate, and all sorts of other things. To make tin even better, you can mix it with other metals to create tin alloys. Sometimes, they even throw in a little antimony to make it extra tough. Plus, tin is great for those corrosion-resistant coatings on things like ship propellers and hulls that are always battling the sea. But, let's be real, one of tin's biggest jobs is in the food packaging industry. Think about all those steel cans filled with fizzy drinks – they're coated with tin because it holds up really well against all that acidic liquid inside. And with the food industry booming, we're seeing a huge demand for tin foil and other packaging materials. Oh, and don't forget about all the consumer electronics – that growing industry is definitely helping the Global Tin Market grow, too!

The market does face some tough challenges, like potential health and environmental hazards. On the bright side, using tin in the solar energy sector could really open up opportunities for growth! However, we might see a slow-down in production soon, which could hold things back. You know, tin is often mixed with lead to create solders – they melt at lower temperatures than either tin or lead alone. And get this, they even add tiny bits of other metals like antimony and silver to tin-lead solders to make them stronger! These are perfect for joints that have to withstand really high or super-cold temperatures. The good news is that people are coming up with new solders that don't have lead, cadmium, or antimony, which is a big step in reducing the impact on our health and the environment.

Tin is a pretty friendly metal – it mixes easily with lots of other metals to create alloys, and it's good for the environment too. Think about electronicsSolders, the stuff that holds circuits together, often contain 40-70% tin. This makes for strong and reliable connections, no matter the environment. Right now, most companies use their own special tin-copper solders. It's interesting to see how many are moving away from leadLead-free solders made up 79% of what the electronics industry used worldwide in 2020, up from 2019. And get this, 73% of the tin used in those lead-free solders had less than 100 ppm of lead! The trend is definitely towards cleaner tin. In 2019, 47% of the refined tin had less than 50ppm of lead, making it even better for soldering!

Global Tin MarketSegmentation Analysis

The Global Tin Market is Segmented on the basis of Application And Geography.

Tin Market, By Application

• Tin Plating
• Soldering
• Glass
• Chemicals
• Others

Based on Application, The market is segmented into Tin Plating, Soldering, Glass, Chemicals, and Others. Soldering Application Segment to Display Robust Demand for Tin. The application areas of tin include soldering, chemicals industry, glass manufacturing, tin plating, and brass and bronze manufacturing. Of these, soldering is the leading application segment and is expected to rise at a CAGR of 2.9% between 2015 and 2023 in terms of volume. This is because soldering is a core component in most semiconductor-based industries for high durability and reliable connection of components.

Tin Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Tin Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia-Pacific is currently the biggest market for tin-based soldiers, due to their rising demand in the electronics industry, along with a growing production base. China is the biggest market for tin-based soldiers, in terms of production and consumption, where the immense and growing electronics and automotive industries are driving the demand.

Key Players

The “Global Tin Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Yunnan Tin Group Company Limited, PT Timah (Persero) Tbk, Malaysia Smelting Corporation, Yunnan Chengfeng Non-ferrous Metals Co., Ltd., Minsur S.A., Thailand Smelting and Refining Co., Ltd., Empresa Metalúrgica Vinto S.A., Guangxi China Tin Group, Metallo-Chimique International N.V., and Gejiu Zili Mining And Smelting Co., Ltd.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• June 2020Aurubis 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 2020JFE 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.

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We take a good look at the market, breaking it down by different groups using both money stuff and things that aren't about money. You'll get numbers like market value in USD Billion for each of these groups. We'll also tell you which area and group we think will grow the fastest and be the biggest. Our report includes a geography breakdown, showing where the product/service is being used and what's affecting the market in each area. Plus, we dive into the competition, ranking the top players and highlighting their new products, partnerships, expansions, and acquisitions from the last five years. You'll get detailed company profiles with overviews, insights, product comparisons, and SWOT analyses for the big names. We'll cover the current and future market outlook, including growth chances, what's driving the market, and the challenges in both new and established areas. Our analysis will also leverage Porter's five forces to give you multiple perspectives on the market, and we'll give you an inside look at the Value Chain. We'll lay out the market's dynamics and future growth opportunities. Finally, we'll back it all up with 6 months of analyst support after you buy the report.

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