Tin is a silver colored, soft metal. It has properties such as corrosion resistance, low roughness factor and low melting point. Tin is broadly used in a metal form with other metals in order to form alloys. It is used in different industries such as automobile, electronics, food & 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/soldering in electronics manufacturing. Steadily growing production of electronic components is, thus, the most important factor propelling the tin market growth. Similarly, the global tin market generates a major share of revenue from the food and beverage industry. The growing demand for packaged food, has led to an increasing demand for tin foil and other packaging materials, thereby fueling the market growth. In the following years, use of tin in solar power generation is estimated to generate ample opportunities for the market growth.

Asia Pacific is projected to be the fastest growing tin market from 2023-2030 with a CAGR of 1.8%. The tin market in Asia Pacific is expanding at a high rate due to increasing demand for tin plating and soldering applications. The tin market in Latin America and Middle East & Africa are anticipated to show promising growth during the forecast period.

The report titled “Global Tin Market - Growth, Future Prospects and Competitive Analysis, 2023 – 2030” offers strategic insights into the global tin industry along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on tin market size, application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, trends, restraints and opportunities. The report incorporates a separate section highlighting key trends analysis of the overall tin market.

In order to help the strategic decision-makers, the report also includes profiles of the leading tin manufacturers, their business strategies, and key developments. 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 the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2020 – 2021)
• 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 2023 to 2030, keeping in mind the above-mentioned factors.    

Among the considered applications, soldering segment holds the largest market share in 2021 of nearly 51%, in terms of revenue. The segment is expected to maintain its dominance throughout the forecast period. Soldering is mainly used in electronics industry to fabricate electric circuit of numerous equipment that have complex electronic modules embedded in a circuit board. Tin is the vital material used for soldering and is required in large amount in semiconductor devices. Growing demand for electronics and canned food and beverages, especially from Asia Pacific countries, has led to the growth of soldering market. Tin plating is the second largest application segment in tin market, growing with a CAGR of around 2% over the forecast period. Tin Plating is used extensively to protect both ferrous and nonferrous surfaces. Demand for tin plated is largely from medical and food industry as they are non-toxic in nature and are corrosion resistant.

Asia Pacific was the top producer and consumer of tin, with a share of around 75% of the overall market revenue in 2021. Whereas, Europe was the second-largest tin-consuming region in 2021. A major amount of tin is consumed in the transportation, food & beverages and electronics industries. Asia Pacific countries such as China and India, have growing demand for canned food and beverages. China is the top consumer of tin in Asia Pacific due to its enormous electronics and food & beverages industry. In the following years, Asia Pacific would continue dominating the market. Latin America is anticipated to show stable growth due to the expansion of the semiconductor and food and beverages industries here.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Tin market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Tin market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Tin market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Tin market?
• Which is the largest regional market for Tin market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Tin market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Tin market worldwide?