Latest News- Tin Market: Soldering is expected to lead the Application segment during 2025-2029

The Tin Market is being driven by Growing demand for canned foods and beverages

The Tin Market is expected to grow at a CAGR of 2.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 876.6 million. In the tin market, the sustainable utilization of this versatile metal is of paramount importance. Tin, like other metals, possesses inherent properties that make it valuable for various industries. However, its improper use and disposal can lead to environmental hazards. To mitigate these risks, businesses are increasingly embracing tin recycling and reuse initiatives. This includes repurposing tin cans, scrap, and tin manufacturing by-products. These activities can be conducted in-house or through external scrap-processing companies. The International Council on Mining and Metals (ICMM) advocates for the recycling and reuse of metal products to enhance business efficiency. By recycling tin, companies can significantly reduce emissions, improve resource productivity, and optimize waste disposal. Moreover, this process saves approximately 76% of the energy required to manufacture new tin products. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Soldering
  • Tin chemical
  • Tinplate
  • Lead acid battery
  • Others
• End-user
  • Electronics
  • Automotive
  • Packaging
  • Glass
  • Others
• Product Type
  • Metal
  • Alloy
  • Compounds
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for canned foods and beverages
• Rise in demand for lead-free soldering
• Expansion of consumer electronics industry

However, the market also witnesses some limitations, which are as follows:

• Increase in use of tin-free steel in packaging industry
• Health and environmental hazards associated with tin
• Miniaturization of electronic components

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Market Scope in Tin Market Research Report

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Research Analysis Overview

The tin market encompasses various aspects of tinplate manufacturing and production, highlighting its unique properties and applications in industries. Tinplate coatings and alloys adhere to stringent standards and specifications. Solder manufacturing relies on tin for its composition, properties, and applications, with alloys and standards ensuring quality. Tin oxide, sulfide, and chloride have distinct uses. Mining, refining, and recycling techniques shape the tin industry, while competition, consolidation, mergers, acquisitions, and investments influence its landscape.

Market Research Overview

The global diversified metals and mining industry encompasses businesses involved in the production and extraction of a range of metals and minerals, including non-ferrous metals such as tin, tin alloys, tin coatings, and tin mining. These metals and minerals, in addition to bauxite, salt and borate, phosphate rock, and various other non-ferrous metals, are the focus of this market. Notable non-ferrous metals include lead, nickel, tin, titanium, zinc, cobalt, mercury, tungsten, beryllium, bismuth, cerium, cadmium, niobium, indium, gallium, germanium, lithium, selenium, tantalum, tellurium, vanadium, and zirconium. The market size is determined by the consolidated revenue generated by companies operating in the production or extraction of these metals and minerals, as well as diversified mining operations.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/