Tin Market By Application (Soldering, Tin Plating, Chemicals, Brass & Bronze, Glass) - Growth, Share, Opportunities & Competitive Analysis, 2017 – 2025

Tin is a silver-colored, soft metal. It has corrosion resistance, a low roughness factor, and a low melting point. Tin is commonly used in metal form with other metals to form alloys. It is used in different industries, such as automobiles, electronics, and food and beverage packaging. Tin is one of the most important metals used in the manufacturing of consumer electronics. More than 50% of the overall tin produced is used for welding and soldering in electronics manufacturing. Steadily growing production of electronic components is, therefore, the most important factor propelling the tin market's growth. Similarly, the global tin market generates a major share of the revenue from the food and beverage industry. The growing demand for packaged food has led to increasing demand for tin foil and other packaging materials, thereby fueling market growth. In the following years, the use of tin in solar power generation is estimated to generate ample opportunities for market growth.

Asia Pacific is projected to be the fastest-growing market from 2017 to 2025, with a CAGR of 1.8%. The tin market in the Asia Pacific is expanding at a high rate due to increasing demand for tin plating and soldering applications. The tin market in Latin America, the Middle East, and Africa is anticipated to show promising growth during the forecast period.

The report titled "Global Tin Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global tin industry along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on market size, application and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, trends, restraints, and opportunities. The report incorporates a separate section highlighting key trends in the overall tin market.

The report also includes profiles of the leading tin manufacturers, their business strategies, and key developments to assist strategic decision-makers. Some of the major players profiled in the report are 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., PT Timah (Persero) Tbk, Thailand Smelting and Refining Co., Ltd. (Thaisarco), Yunnan Chengfeng Non-ferrous Metals Co., Ltd., and Yunnan Tin Group Company Limited. Further, the report also covers the market positioning of the key players operating in the tin market. The section further includes a brief on key strategies adopted by the major players operating in the market.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the tin market
  • Market driver, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global tin market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

Based on the application, the global tin market is segmented as follows:

  • Soldering
  • Tin Plating
  • Chemicals
  • Brass and bronze
  • Glass
  • Others 

Among the considered applications, the soldering segment held the largest market share in 2016 at nearly 51% in terms of revenue. The segment is expected to maintain its dominance throughout the forecast period. Soldering is mainly used in the electronics industry to fabricate the electric circuits of numerous pieces of equipment that have complex electronic modules embedded in a circuit board. Tin is a vital material used for soldering and is required in large amounts in semiconductor devices. Growing demand for electronics and canned food and beverages, especially from Asia-Pacific countries, has led to the growth of the soldering market. Tin plating is the second-largest application segment in the tin market, growing at a CAGR of around 2% over the forecast period. Tin plating is used extensively to protect both ferrous and nonferrous surfaces. Tin-plated products are popular in the medical and food industries because they are non-toxic and corrosion-resistant.

For the purpose of this study, the global tin market is categorized into:

  • North America (U.S., Canada)
  • Europe (U.K., Germany, rest of Europe)
  • Asia Pacific (China, India, Japan, and the Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and the Rest of Asia-Pacific)
  • The Middle East and Africa (GCC and the Rest of the Middle East and Africa)

Asia Pacific was the top producer and consumer of tin, with a share of around 75% of the overall market revenue in 2016. In 2016, Europe was the second-largest tin-consuming region. A major amount of tin is consumed in the transportation, food and beverage, and electronics industries. Asia Pacific countries such as China and India have a growing demand for canned food and beverages. Because of its massive electronics and food and beverage industries, China is Asia Pacific's largest consumer of tin. In the following years, Asia Pacific will continue dominating the market. Latin America is anticipated to show stable growth due to the expansion of the semiconductor and food and beverage industries here.

Frequently Asked Questions:

The market for Tin Market is expected to reach US$ 89,852 Mn By 2025.

The Tin Market is expected to see significant CAGR growth over the coming years, at 1.9%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Gejiu Zili Mining and Smelting Co., Ltd., Guangxi China Tin Group, Malaysia Smelting Corporation, Metallo-Chimique International N.V., Minsur S.A., PT Timah (Persero) Tbk, Thailand Smelting and Refining Co., Ltd. are some of the major players in the global market.

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Published Date:  Aug 2017
Category:  Advanced Materials
Report ID:   58602
Report Format:   PDF
Pages:   120
Rating:    4.7 (70)
Delivery Time: 24 Hours to 48 Hours   
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