Tin Market Price Trends 2023 | Industry Outlook, Driving Factors, Business Forecast 2028

How big is the tin market:

IMARC Group, a leading market research company, has recently releases report titled "Tin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The global tin market size reached 395.8 Kilo Tonnes in 2022. Looking forward, IMARC Group expects the market to reach 448.3 Kilo Tonnes by 2028, exhibiting a growth rate (CAGR) of 1.9% during 2023-2028.

What is Tin?

Tin is a group 14 post-transition metal known for its highly crystalline, silvery-white appearance. It is sourced from the mineral cassiterite and shares several chemical traits with lead and germanium, including malleability and ductility. Tin is corrosion-resistant and can be shaped into thin sheets, making it an excellent coating material for other metals. As a result, various tin-based products are widely used across industries like automotive, electronics, packaging, food and beverages, and glass.

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What are the growth prospects and trends in the tin industry:

The global tin market is primarily being driven by the expanding electrical and electronic industry worldwide and the increased use of tin-lead wire solder in the manufacturing of heat-sensitive components, thanks to its excellent corrosion resistance properties. Additionally, the growth in residential and commercial construction activities, especially in developing nations, is having a positive impact on the market. Furthermore, the rising adoption of tin compounds in li-ion batteries for electric vehicles (EVs) to reduce fossil fuel consumption and mitigate environmental pollution by limiting greenhouse gas emissions is another significant growth factor. The increased use of tin in the production of automobile components like fuel tanks, radiators, sealants, wiring, seat cushions, seams and welds, fasteners, screws, nuts, bolts, and roofing is also stimulating market growth. Moreover, the shift towards smart devices, the emerging trend of using recycled tin materials, and increased investments in research and development (R&D) activities to introduce innovative products are expected to further drive the tin market in the coming years.

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Who are the key players operating in the industry?

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Aurubis Beerse nv
• ArcelorMittal S.A
• 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.
• Yunnan Tin Group (Holding) Company Limited.

What is included in market segmentation?

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

Key highlights of the report:
• Market Performance
• Market Outlook
• 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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