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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.
Browse TOC and LoE with selected illustrations and example pages of Tin Market
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:
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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.
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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.
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.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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