Tin Market is expected to generate a revenue of USD 9.35 Billion by 2030, Globally, at 3.70% CAGR: Verified Market Research®

The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Tin Market.

JERSEY CITY, N.J., Jan. 16, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Tin Market" By Application (Tin Plating, Soldering, Glass, Chemicals), and By Geography.

As per the deep research carried out by Verified Market Research®, the global 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.

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Browse in-depth TOC on "Tin Market"

202 - Pages
126 – Tables
37 – Figures

Global Tin Market Overview

Tin is a silvery-white soft metal. It belongs to the carbon family and shares chemical properties with germanium and lead. Tin is a highly malleable and ductile metal that can be formed into a thin sheet. At room temperature, it is unaffected by oxygen or water. Tin has corrosion resistance, a low roughness factor, and a low melting point. Tin is also used as a coating material to protect other metals due to its corrosion resistance. Tin is used in many different industries, including electronics, automobiles, and food and beverage packaging. Furthermore, it is one of the most important metals used in the production of consumer electronics.

The market had a negative impact due to COVID-19 in 2020. Automotive manufacturing units were on a temporary halt due to the pandemic, which lowered the production of fuel tanks, sealants, nuts, bolts, radiators, roofing, and other parts; this harmed the Tin Market demand. However, the packaging industry gained momentum during the pandemic, and the increasing use of tin in packaging pharmaceutical and food and beverage items is stimulating the market expansion for tin. The continual advancement in consumer electronics leads to increased consumer spending for ownership of new electronic devices, which is the primary factor propelling the Global Tin Market. Tin is of the critical metals used in the manufacture of consumer electronics, with over 60% of the tin used for welding.

However, production and consumption will display a demand-supply gap in the coming years. The high-paced industrial growth and urbanization in the emerging economies of the Asia Pacific and Latin America may outpace production shortly. Depleting resources in major mines in Brazil and Peru hit production, affecting end-use industries' growth globally. At the same time, new pipeline projects for tin production will not commence before 2024 to top off the demand-supply gap. As a result, the severity of the tin supply shortfall may increase in the coming years. Pipeline projects cater to the demand in the future, but the rising demand does not match the reduced supply.

Tin has applications in solder, tinplate, and various other industries. Tin alloys are made by combining the base metals or adding some elements such as antimony to increase their hardness and strength properties. In addition, it finds application in corrosion-resistant coatings for marine equipment parts, including ships' propellers and hulls. Its main uses are found in the food packaging industry. They then coat steel cans containing beverages like carbonated drinks due to their better resistance against acidic liquent inside these containers. The increasing demand in the food packaging industry increased demand for tin foil and other packaging materials. Expanding the consumer electronics industries may propel the Global Tin Market growth.

Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Tin Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Key Players

The "Global Tin Market" study report will provide valuable insight with an emphasis on the global market.  The major players in the market are 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.

Based on the research, Verified Market Research® has segmented the global Tin Market into Application, and Geography.

• Tin Market, by Application
• Tin Plating
• Soldering
• Glass
• Chemicals
• Others

• Tin Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

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