The latest research study by IMARC Group, “Tin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global tin market price. The market size reached 386.1 Kilo Tonnes in 2021. Looking forward, IMARC Group expects the market to reach 456.74 Kilo Tonnes by 2027, exhibiting a growth rate (CAGR) of 2.70% during 2022-2027.
Tin refers to highly crystalline silvery-white post-transition metals that belong to group 14 of the carbon family. They are derived from the mineral cassiterite and are characterized by their malleability, ductility, and chemical similarities with lead and germanium. Tin materials are resistant to corrosion and can be transformed into thin sheets. They prove to be an efficient coating agent for other metals. Consequently, tin product variants find extensive applications across numerous sectors, such as automotive, electronics, packaging, food and beverages, glass, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Tin Market Trends and Drivers:
The expanding electrical and electronic industry across the globe and the escalating usage of tin-lead wire solder in the manufacturing of heat-sensitive components, on account of its excellent corrosion resistance properties, are primarily driving the tin market. In addition to this, the elevating residential and commercial construction activities, especially in developing countries, are also positively influencing the global market.
Furthermore, the rising employment of tin compounds in li-ion batteries for utilization in electric vehicles (EVs) to reduce the depletion of fossil fuels and lower environmental pollution by restricting greenhouse gas emissions is acting as another significant growth-inducing factor. In line with this, the growing product adoption in the production of automobile fuel tanks, radiators, sealants, wiring, seat cushions, seams and welds, fasteners, screws, nuts, bolts, and roofing is further stimulating the market growth.
Apart from this, the shifting preferences toward smart devices, the emerging trend of using recycled tin materials, and the inflating investments in research and development (R&D) activities to launch innovative products are expected to propel the tin market in the coming years.
Tin Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of product type, application and end use industry.
Product Type:
- Metal
- Alloy
- Compounds
Application:
- Soldering
- Tin Plating
- Chemicals
- Others
End Use Industry:
- Automotive
- Electronics
- Packaging (Food and Beverages)
- Glass
- Others
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
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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