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Tin Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Nov 2020
  • Pages: 120
  • SKU: IRTNTR45681
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The tin market size has the potential to grow by 18425.04 MT during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (soldering, tin chemical, tinplate, lead-acid battery, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ArcelorMittal SA, Belmont Metals Inc., CM Group, Malaysia Smelting Corp. Berhad, Minsur SA, Nathan Trotter & Co. Inc., PT TIMAH Tbk, Thailand Smelting and Refining Co. Ltd., Yunnan Fengfeng Nonferrous Metals Co. Ltd., and Yunnan Tin Co. Group Ltd.

Market Overview

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Market Competitive Analysis

The tin market is fragmented. Vendors compete based on factors such as price, operational cost, and product quality. The vendors are trying to widen the application base through technological advancement. ArcelorMittal SA, Belmont Metals Inc., and CM Group are some of the major market participants.

Market drivers such as the growing demand for canned foods and beverages will offer immense growth opportunities to the vendors. However, factors including the increase in the use of tin-free steel in the packaging industry will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this tin market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this tin market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

 

  • ArcelorMittal SA
  • Belmont Metals Inc.
  • CM Group
  • Malaysia Smelting Corp. Berhad
  • Minsur SA
  • Nathan Trotter & Co. Inc.
  • PT TIMAH Tbk
  • Thailand Smelting and Refining Co. Ltd.
  • Yunnan Fengfeng Nonferrous Metals Co. Ltd.
  • Yunnan Tin Co. Group Ltd.

 

Tin Market: Segmentation by Geography

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APAC was the largest tin market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growth of major end-user industries such as automotive, electrical equipment, electronics components, packaging, and industrial machinery and the presence of several tin mines and top vendors in APAC will significantly drive tin market growth in this region over the forecast period.

75% of the market’s growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), and India are the key markets for tin in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Tin Market: Segmentation by Application

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Tin is a key metal used in the soldering application of electronic components. A few of the common alloys used are tin-lead alloy, tin-antimony alloy, and tin-silver-copper alloy. These soldering pastes are widely used in semiconductors and PCB of consumer electronics, marine, and automotive and aerospace components for electrical functions. 

Market growth in the soldering segment will be faster than the growth of the market in the tin chemical, tinplate, lead-acid battery, and other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the tin market size.

Tin Market: Key Drivers and Trends

The global tin market will grow at a CAGR of about 1% during the forecast period. The rising demand for canned foods and beverages is identified as one of the primary growth factors for this market. Metal cans prevent the spoilage and contamination of food items and are made of aluminum, tin-coated steel, and tin-free steel. Additionally, tinplate steel is also used in canned food and beverages packaging due to its advantages such as corrosion resistance, cost-effectiveness, and physical strength. Canned food and beverage packaging companies use tin coating as a competitive strategy to distinguish their product lines. APAC accounts for the maximum share of the global canned food and beverage market due to the rise in population and the changing lifestyle of people. The developed markets of North America and Europe are currently focusing on using advanced technologies to innovate new metal can products with better preserving properties.

  • The shift in focus toward tin recycling is one of the key tin market trends that will contribute to the growth of this market in the coming years.
  • Companies have started recycling and reusing tin products such as tin cans, scrap, and residue from tin manufacturing. 
  • Recycling tin products will lower emissions, improve resource productivity and waste disposal, and save about 76% of the energy that is used to manufacture them.
  • Tin recycling is done either in-house or through external scrap-processing companies.
  • Initiatives from the International Council on Mining and Metals (ICMM) have encouraged numerous vendors to recycle and reuse metal products, which will help them improve their business efficiency.

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Tin Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive tin market growth during the next five years
  • Precise estimation of the tin market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the tin industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of tin market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Soldering - Market size and forecast 2019-2024
    • Tin chemical - Market size and forecast 2019-2024
    • Tinplate - Market size and forecast 2019-2024
    • Lead acid battery - Market size and forecast 2019-2024
    • Others - Market size and forecast 2019-2024
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • North America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • ArcelorMittal SA
      • Belmont Metals Inc.
      • CM Group
      • Malaysia Smelting Corp. Berhad
      • Minsur SA
      • Nathan Trotter & Co. Inc.
      • PT TIMAH Tbk
      • Thailand Smelting and Refining Co. Ltd.
      • Yunnan Fengfeng Nonferrous Metals Co. Ltd.
      • Yunnan Tin Co. Group Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The tin market growth will increase by $18425.04 MT during 2019-2024.
      The tin market is expected to grow at a CAGR of 1.01% during 2019-2024.
      Technavio has segmented the tin market by application (Soldering, Tin chemical, Tinplate, Lead acid battery, and Others) and geographic (APAC, Europe, North America, MEA, and South America).
      ArcelorMittal SA, Belmont Metals Inc., CM Group, Malaysia Smelting Corp. Berhad, Minsur SA, Nathan Trotter & Co. Inc., PT TIMAH Tbk, Thailand Smelting and Refining Co. Ltd., Yunnan Fengfeng Nonferrous Metals Co. Ltd., Yunnan Tin Co. Group Ltd. are a few of the key vendors in the tin market.
      APAC will register the highest growth rate of 75.19% among the other regions. Therefore, the tin market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • South Korea (Republic of Korea)
      • Germany
      • US
      • India
      The key factors driving the tin market growth are:
      • Growing demand for canned foods and beverages
      The tin market vendors should focus on grabbing business opportunities from the soldering segment as it accounted for the largest market share in the base year.
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