Tin Market by Product Type, Distribution Channel, End User 2022-2027

Author: Elena Anderson

Marketing Manager

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Global Tin Market Research Report 2022-2027:

According to the latest report by IMARC Group, titled " Tin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ," the global tin market size reached 386.1 Kilo Tonnes in 2021.

Tin is a soft, pliable, and silvery-white post-transition metal belonging to the carbon family of elements on the periodic table. It is produced from the mineral cassiterite through smelting and then purified using boiling, liquation, or electrolytic methods. Tin is widely used in alloys, solders, automotive parts, babbitt bearings, dental amalgams, aerospace metals, plating, coatings, and polishings.

It is also used to produce glass, plastics, pesticides, paints, wood preservatives, and rodent repellants. Tin exhibits high corrosion resistance, low toxicity levels, ductility, and malleability. Besides this, it is impervious to oxygen and water at room temperatures and has a low roughness factor.

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Global Tin Market Trends:

The increasing product utilization in the electrical and electronics industries is one of the key factors driving the market growth. Tin is widely used in alloy form with lead or indium to produce solders for manufacturing heat-sensitive components due to its low melting point and high magnetic strength. Furthermore, the rising demand for tin in the automotive industry for decorative and protective coating and manufacturing bearings, cylinder blocks, axles, crankshafts, brake drums, and transmission components is providing a considerable boost to the market growth. Additionally, emerging trends of recycling tin products, such as cans, scraps, and residue, to reduce carbon emissions, improve resource productivity and waste disposal, and save energy are creating a positive outlook for the market growth.

Moreover, rising product utilization to manufacture tinplate used for producing cans for food, drinks, fuel, oil, paints, and chemicals is providing an impetus to the market growth. Apart from this, widespread product adoption for creating arts and designs, such as sculptures, plaques, hanging ornaments, busts, badges, and vases, due to their affordability, availability, lightweight, and malleability, is favoring the market growth. Other factors, including rapid electrification of vehicles, expanding food and beverage (F&B) industry, and increasing product adoption in dental applications, are anticipated to drive the market growth.

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Looking forward, IMARC Group expects the market to reach 456.74 Kilo Tonnes by 2027, exhibiting at a CAGR of 2.70% during 2022-2027.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/tin-market

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Key Market Segmentation

The research report includes the following segments:

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

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• ArcelorMittal S.A

• Aurubis Beerse nv

• 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

1. What was the size of the global tin market in 2021?

2. What is the expected growth rate of the global tin market during 2022-2027?

3. What has been the impact of COVID-19 on the global tin market?

4. What are the key factors driving the global tin market?

5. What is the breakup of the global tin market based on the application?

6. What are the key regions in the global tin market?

7. Who are the key players/companies in the global tin market?

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