Authored By: Sarah
13 Feb 2025

Latest News- Tin Market: Soldering is expected to lead the Application segment during 2024-2028

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% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 755.24 million. In the tin market, the sustainable utilization of this versatile metal is of paramount importance. Tin, like other metals, possesses inherent benefits and potential hazards when improperly managed. To mitigate these risks, businesses are increasingly embracing tin recycling and reuse initiatives. This includes the repurposing of tin cans, scrap, and tin manufacturing by-products, either through in-house processes or external scrap-processing companies. The International Council on Mining and Metals (ICMM) advocates for the recycling and reuse of metal products as a means to enhance business efficiency, reduce emissions, improve resource productivity, and optimize waste disposal. By recycling tin, companies save approximately 76% of the energy required to produce new tin, making it a cost-effective and environmentally responsible choice. 

Get more information on Tin Market by requesting a sample report

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
  • Geography
    • APAC
      • China
      • India
    • Europe
      • Germany
      • UK
    • North America
      • 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

      Benefits of Buying Global Tin Market Research Report by Technavio

      Rich Experience: 20+ years leading global market research, trusted insights across industries.

      Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

      Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

      Market Scope in Tin Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      173

      Base year

      2023

      Historic period

      2018-2022

      Forecast period

      2024-2028

      Growth momentum & CAGR

      Accelerate at a CAGR of 2%

      Market growth 2024-2028

      USD 755.24 million

      Market structure

      market_structure.ucfirst

      YoY growth 2023-2024(%)

      1.68

      Key countries

      US, China, India, Germany, and UK

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

      Request Free Sample

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      The Tin Market faces challenges due to resource scarcity and the increasing demand for battery technology in sustainable energy storage. Innovations in battery production and recycling, such as renewable energy storage solutions and circular economy practices, are crucial. Processing and extraction technologies, like lead-acid battery recycling and metal processing innovations, are essential for reducing environmental impact. The supply chain requires responsible sourcing, and market consolidation is a trend. Electric vehicles and battery alternatives, with improved thermal properties and corrosion prevention, are driving industry trends. Green manufacturing practices, including environmental impact assessments and electronics waste management, are essential. Solder paste, welding applications, and sustainable materials are crucial for electronics manufacturing, with a focus on electrical conductivity and mechanical properties. Mining and metalworking tools, with chemical properties in mind, are essential for automotive manufacturing and metal fabrication. Lead-free solder and various solder wire types are important for material science and solder joint strength.

      Market Research Overview

      The tin market is a significant segment of the global diversified metals and mining industry, encompassing companies involved in the production or extraction of tin and related mining operations. This market is part of the broader global materials market, which includes businesses dealing with the extraction and processing of non-ferrous metals, such as lead, nickel, tin, and others, as well as salt, borate, phosphate rock, and diverse mining operations. Technavio, a leading market research firm, evaluates the size of the global diversified metals and mining market based on the combined revenue generated by these entities. Key trends in this sector include the adoption of advanced smelting technologies, automation, circular economy principles, sustainability initiatives, and a focus on product quality. The tin industry plays a crucial role in the electronics manufacturing sector due to tin's use in soldering applications. Manufacturing bases in China, Indonesia, and Brazil dominate the global tin market, with processing technologies continually evolving to meet the demands of various industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      Contacts

      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/

      Read News Read Less
      Interested in this report?
      Get your sample now!

      Safe and Secure SSL Encrypted

      Technavio

      • 2500 USD

      [5 reports/month/user]

      • 5000 USD

      close
      • Basic Plan [5000 USD/Year]:

        Single User
        Download 5 Reports/Month
        View 100 Reports/Month
        Add upto 3 Users at 625 USD/user

      • Teams Plan [7500 USD/Year]:

        5 User
        Download 5 Reports/Month/User
        View 100 Reports/Month/User
        Add upto 30 Users at 500 USD/user

      *You can upgrade to Teams plan at Subscription page

      close
      • Single:

        One user only.
        Quick & easy download option

      • Enterprise:

        Unlimited user access (Within your organization).
        Complimentary Customization Included

      *For Enterprise license, go to checkout page

      Technavio Get the report (PDF) sent to your email within minutes.