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Tin Market Size Worth USD 10.12 Billion in 2032 | Key Companies - ArcelorMittal, Yunnan Tin Industry Group (Holdings) Co., Ltd.COM, Nathan Trotter & Co., Inc,

04-24-2024 02:33 PM CET | Chemicals & Materials

Press release from: Emergen Research

Tin Market

Tin Market

The global tin market size was USD 7.09 billion in 2022 and is expected to register a rapid revenue CAGR of 3.6% during the forecast period. The global tin market is experiencing robust growth, fueled by increasing demand from the electric vehicle (EV) industry and rapid expansion of the electrical and electronics sector. These key findings are outlined in a recent market research report analyzing the dynamics of the tin market.

Market Drivers

Tin, a crucial component in soldering used extensively in electronic devices, is witnessing soaring demand owing to the proliferation of smartphones, laptops, and wearable technology. The evolution of intricate electronic circuits in modern gadgets necessitates higher usage of solder, thus driving the demand for tin. Furthermore, tin's role in car plating, reducing metal corrosion, coupled with the surge in green technologies like solar energy and EVs, further propels market growth.

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Market Restraints

However, the market faces challenges from the development of alternative compounds to tin, particularly in the packaging industry. Advancements in material science have led to the discovery of compounds outperforming tin in certain applications, impacting its demand adversely.

Market Segment Insights

Product Insights:
• Metal Segment Dominance: The metal segment, comprising tin-coated steel and tin-free steel used in metal cans for food and beverages, holds the largest market share. The demand is driven by increasing population, changing lifestyles, and the expansion of the manufacturing sector.

• Moderate Growth for Alloy Segment: The alloy segment is expected to grow moderately, driven by the consumer electronics industry's rapid expansion and the use of tin alloys to improve strength and hardness.

Application Insights:
• Soldering Segment Dominance: Soldering, a major application of tin, is expected to dominate the market due to rising demand for smart electronics. Tin's low melting point makes it ideal for forming strong bonds without damaging delicate electronic components.

End-Use Insights:
• Electronics Segment Dominance: The electronics sector is projected to witness steady growth, supported by increasing usage in consumer electronics, automotive electronics, and industrial electrical equipment. Tin plays a crucial role in creating dependable electrical connections in vehicles and various electronic devices.

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Tin Top Companies and Competitive Landscape

The global tin market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective tin products in the market.

Some of the major companies included in the global tin market report are:

• ArcelorMittal
• Yunnan Tin Industry Group (Holdings) Co., Ltd.
• COM
• Nathan Trotter & Co., Inc
• DuPont
• Indium Corporation
• Malaysia Smelting Corporation Berhad
• Minsur
• Timah
• CM Group
• GRUPO RAR
• Aryum Metal
• Crown
• Ardagh Group S.A.
• Tincorp Metals Inc.
• Silvercorp Metals Inc.

Tin Latest Industry News

• On 15 December, 2022, Aurubis, a provider of non-ferrous metals, initiated construction at its Beerse facility in Belgium for its cutting-edge hydrometallurgical recycling plant, ASPA. The plant is scheduled to be operational in the fiscal year 2024/25. This innovative process will facilitate the quicker extraction of precious metals, including gold and silver, and ensure the complete recovery of tin from anode sludge.

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Tin Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global tin market on the basis of product, application, end-use, and region:

• Product Outlook (Revenue, USD Billion; 2019-2032)
o Metal
o Alloy
o Compounds
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Soldering
o Tin Plating
o Chemicals
o Others
• End-use Outlook (Revenue, USD Billion; 2019-2032)
o Automotive
o Electronics
o Food & Beverages (F&B)
o Glass
o Others
• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

Acquire the complete research report on the Global Market@ https://www.emergenresearch.com/industry-report/tin-market

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Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
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About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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