openPR Logo
Press release

Tin Market - Global Industry Analysis ,Growth 2023

Global Tin Market: Snapshot
The continual advancement in consumer electronics leading to increasing consumer spending for ownership of newer electronic devices is the major factor propelling the global tin market. Tin is of the key metals used in the manufacture of consumer electronics, with over 50% of the tin used for welding.

Browse Market Research Report @

Furthermore, the growth of the packaged foods industry due to changing lifestyle in also favoring the growth of the tin market. Both these industries are displaying significant growth predominantly in emerging economies due to growing consumerism among the rising middle-class population in these regions. In addition, the potential application of tin in solar power generation is expected to present ample opportunities to the market’s growth.

However, tin production and consumption is expected to display a demand-supply gap in the coming years. The high-paced industrial growth and urbanization in the emerging economies of Asia Pacific and Latin America is expected to outpace tin production in the near future. Depleting resources in major mines in Brazil and Peru is expected to hit tin production, which in turn, will affect the growth of end-use industries globally.

At the same time, new pipeline projects for tin production are not expected to commence before 2024 to top off the demand-supply gap. As a result, the severity in tin supply shortfall is only expected to increase over the coming years. Pipeline projects might cater to the demand in future, but for now, the rising demand will not match with the reducing supply.

The global tin market is projected to rise at a CAGR of 3.4% between 2015 and 2023. The market stood at US$7.4bn in 2014 and after a short period of dip, it is projected to reach a valuation of US$7.29 bn by 2023. By volume, the global tin market is anticipated to rise at a CAGR of 2.5% from

Asia Pacific to continue being Leading Producer and Consumer for Tin through 2023

Accounting for a slight over 67% of the global volume of tin, Asia Pacific stood as the leading regional market for tin production in 2014. A major chunk of tin consumption goes for welding in the electronics and transportation industries. The region is expected to display a high rate of activities for both production and consumption of tin. China is expected to display the leading consumption of tin in Asia Pacific due to a flourishing consumer electronics industry.
Latin America is expected to display steady growth in terms of tin consumption in the coming years due to the expeditious expansion of food and beverages and semiconductor industries in the region.

Europe stood as the second-largest region in terms of tin consumption in 2014, however, the region is expected to display a declined demand for tin in the coming years due to the progression of Eurozone crisis. Consequently, the increasing unemployment and weakened consumer confidence will be detrimental to the growth of the regional market.

North America is expected to display moderate growth in terms of tin consumption as the U.S. will continue to display steady growth in the consumer electronics business.

Soldering Application Segment to Display Robust Demand for Tin
The application areas of tin include soldering, chemicals industry, glass manufacturing, tin plating, and brass and bronze manufacturing. Of these, soldering is the leading application segment and is expected to rise at a CAGR of 2.9% between 2015 and 2023 in terms of volume. This is because soldering is a core component in most semiconductor-based industries for high durability and reliable connection of components. Tin being one of the key components of soldering alloys is needed in large quantities in semiconductor devices.

Fill the form for an exclusive sample of this report @
The tin plating application segment is expected to display substantial demand due to the rapid growth of food and beverages packaging industry.

Some of the key producers in the global tin market include Thailand Smelting and Refining Co. Ltd., Yunnan Tin Group Company Limited, Guangxi China Tin Group, and Empresa Metalúrgica Vinto S.A.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.


Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Tin Market - Global Industry Analysis ,Growth 2023 here

News-ID: 493156 • Views: 450

More Releases from Transparecny Market Research

South Africa Printing Inks Market to Register a Healthy CAGR at 7% for the Forec …
Printing inks are inks used in printing and consists of pigments of the needed color, mixed with oil or varnish. Products in the South Africa printing inks market are used in various applications, some of which include in areas such as offset printing, gravure printing, digital printing, screen printing, and specialty printing. Read report Overview: Printing inks are also play a crucial role in the presentation and advertising of food. The
Inserts & Dividers Market | Overview, Manufacturing Cost Structure Analysis By L …
Overview: In this report, Transparency Market Research offers an 8-year forecast of the global inserts & dividers market between 2018 and 2031. In terms of value, the global inserts & dividers market is expected to expand at a value CAGR of 5.2% during the forecast period. The study reveals the dynamics of the inserts & dividers market in five geographic segments, along with market analysis for the current market environment and
Heat-sealed Non-woven Bags Market Growth, Trends, Demand, Industry Analysis, Key …
Heat-sealed non-woven bags are manufactured using non-woven fabric as raw material and with the use of spun melted polypropylene (PP) through a process of automatic ultrasonic sealing. They serve as an easy packaging option for products like supplements, grounded coffee, powdered mixes by protecting against moisture, oxygen, and UV light. The use of polypropylene not only adds to the durability of the bag but also makes the bag waterproof. These bags
Tub Fill and Seal Machines Market, Growth, Industry Segments, Competitor Landsca …
Tub Fill and Seal Machines Market: An Overview In the food & beverage industry, a wide range of tub across several product lines, which mainly includes dairy products has conquered the demand for tub fill and seal machines as packaging equipment. Tub fill and seal machines are slightly easy to use and quick to function coupled with it offer efficiency in operation and effective packaging support. Due to higher increase in

All 5 Releases

More Releases for Tin

Global Tin Foil Market, Global Tin Foil Industry, Market Revenue, Tin Foil Bakin …
Tin foil is a versatile material, which is used in various packaging applications such as wrappers, household foil, pouches, blister packs, and lids. It is recyclable and therefore represents a beneficial opportunity for manufacturers as increasing recovery & collection rates for product mean less production cost along with improved profitability. It possess significant characteristics including better thermal & electrical conductivity, non-absorptive to grease, water, light, and oil, superior formability, and
Soldering Tin Size, Share, Development by 2024
Global Info Research offers a latest published report on Soldering Tin Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 124 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables:   Soldering Tin an important industrial raw material for connecting
Tin Market – Significant Growth During 2015 – 2023
The top three producers of tin – Yunnan Tin Group Company Limited, Malaysia Smelting Corporation, and PT Timah (Perseo) Tbk – held about 56.9% of the revenue in 2014, leaving the rest as a highly fragmented competitive landscape filled with regional players with no globally prominent presence. According to Transparency Market Research, Yunnan Tin Group Company Ltd. was the largest company in 2014, in terms of revenue share. In the
Innovation Benchmarking in Tin Chloride Market | 2024
Tin chloride is also known as stannous chloride and is a white crystalline solid. Tin chloride forms a stable dehydrate however, aqueous solutions tend to undergo hydrolysis particularly if hot. Tin chloride is commonly used as a reducing agent in acid solution and in electrolytic baths for tin-plating. Tin chloride is used for metallic surfaces or glass and plastic as a sensitizing agent in preparing glass and plastic for metalizing
Tin Market - Global Industry Analysis 2023
The top three producers of tin - Yunnan Tin Group Company Limited, Malaysia Smelting Corporation, and PT Timah (Perseo) Tbk - held about 56.9% of the revenue in 2014, leaving the rest as a highly fragmented competitive landscape filled with regional players with no globally prominent presence. According to Transparency Market Research, Yunnan Tin Group Company Ltd. was the largest company in 2014, in terms of revenue share. In the
Global Tin-Bronze Market Outlook 2016-2021
Summary Gen’s report, ‘Global Tin-Bronze Market Outlook 2016-2021’ provides detailed market and segment level data on the Global and Chinese consumption of Tin-Bronze. The report provides historic, forecast and growth patterns by company, country and type/application from 2016 to 2021. This report delivers an extensive overview of Global Tin-Bronze industry with a focus on China. It also acts as an essential tool to companies active across the value chain and to the