주석 시장 보고서 : 제품 유형, 용도, 최종 사용 산업, 지역별(2024-2032년)

The global tin market size reached 406.8 Kilo Tonnes in 2023. Looking forward, IMARC Group expects the market to reach 460.1 Kilo Tonnes by 2032, exhibiting a growth rate (CAGR) of 1.2% during 2024-2032. The increasing product demand in the consumer electronics, recent advancements in green technologies, rapid infrastructural development in emerging economies, recent advancements in tin alloy research, and introduction of innovative recycling technologies, are some of the major factors propelling the market.

Tin (Sn) refers to a post-transition metal known for its malleability and resistance to corrosion. It is commercially extracted from its ore, cassiterite, which undergoes a smelting process to produce pure tin. It is widely used in solders, cans, electrical conductors, roofing, and window glass. Tin also finds extensive applications in coatings, alloys, and various chemical processes. It is a non-toxic, durable, lightweight, and recyclable material that offers excellent conductivity, corrosion resistance, low melting point, and thermal stability. In addition, tin provides numerous advantages, such as cost-effectiveness, ease of fabrication, and compatibility with other materials.

The recent advancements in tin alloy research, which are opening new avenues for its applications, including medical devices and specialized industrial equipment, are propelling the market growth. Besides this, the introduction of innovative recycling technologies, which improve tin yield and quality, is positively influencing the market growth. Additionally, the heightened consumer awareness about sustainable materials, which encourages the use of tin owing to its recyclability and non-toxic properties, is contributing to the market growth. Apart from this, various macroeconomic factors, such as inflation and currency fluctuations, which make tin an attractive investment, are strengthening the market growth. Furthermore, the ongoing supply chain innovations, including just-in-time manufacturing, which enables more efficient and timely procurement of materials, such as tin, are catalyzing the market growth. Moreover, the shifting trend towards miniaturization in various technologies leading to an increased requirement for tin in micro-soldering processes is favoring the market growth.

Tin Market Trends/Drivers:

The increasing product demand in consumer electronics

The burgeoning demand for consumer electronics is a pivotal factor in driving the tin market. Tin is extensively used in solders, a material that binds together various electronic components to ensure high electrical conductivity and strong joints. Furthermore, these solders are widely utilized in various consumer electronics, such as wearable devices, laptops, and smartphones. Besides this, the rate of technological innovation, leading to the development of new and innovative electronic devices, is further compounding solder demand. These devices often employ increasingly complex circuits, necessitating the use of more solder and, by extension, more tin. Additionally, the increasing proliferation of the Internet of Things (IoT) is facilitating the need for connected devices, all of which require electronic components soldered together. As a result, the omnipresence and continuous evolution of consumer electronics are fueling a robust and sustained demand for tin.

The recent advancements in green technologies

The advancement in green technologies, particularly in solar energy and electric vehicles (EVs), is a significant driver in the tin market. In line with this, tin-based perovskite solar cells have shown promise in providing higher efficiency levels compared to traditional solar cells. Furthermore, these cells are more cost-effective and easier to manufacture, making them an attractive option for large-scale renewable energy projects. Apart from this, tin finds extensive applications in lithium-ion batteries and energy storage systems that are widely used in electric vehicles (EVs). Along with this, the increasing adoption of EVs among the masses owing to supportive governmental policies is acting as another growth-inducing factor. As a result, the widespread adoption of EVs is concurrently escalating the demand for tin as an essential component in their batteries and energy systems.

The rapid infrastructural development in emerging economies

Rising industrialization and urbanization is a key driver in the increasing demand for tin. It is commonly used in anti-corrosive coatings for steel structures, thus ensuring the longevity of buildings, bridges, and pipelines. Additionally, tin is an integral part of electrical cables and wiring systems used in both residential and commercial setups. Furthermore, governments in emerging economies are allocating substantial budgets for infrastructural projects, which include smart cities, expansive road networks, utility services, and upgraded public transport systems. This results in the augmented requirement for tin-based materials that are durable, efficient, require low maintenance, and offer long service life. Moreover, these large-scale projects not only sustain the current demand for tin but are also likely to propel it in the upcoming years.

Tin Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global tin market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on product type, application and end use industry.

Breakup by Product Type:

Metal

Alloy

Compounds

The report has provided a detailed breakup and analysis of the market based on product type. This includes metal, alloy, and compounds.

Tin metal is long-lasting and resistant to various environmental factors, including corrosion, which makes it an ideal choice for a variety of applications. Furthermore, it is a good conductor of heat and electricity. This characteristic property makes it indispensable in the electronics and energy sectors. Besides this, the ability of tin metal to be molded into various shapes and forms or drawn into wires is acting as another growth-inducing factor.

Tin alloys exhibit improved mechanical strength, corrosion resistance, and thermal stability compared to pure tin. These enhanced properties make them more suitable for various industrial applications. Furthermore, they can be tailored to possess specific attributes, such as high tensile strength or electrical conductivity, by altering their compositional elements. Apart from this, tin alloys can be engineered to be compatible with other materials, allowing them to be used in composite structures and multi-material assemblies.

Breakup by Application:

Soldering

Tin Plating

Chemicals

Others

Soldering hold the largest share in the market

A detailed breakup and analysis of the market based on application has also been provided in the report. This includes soldering, tin plating, chemicals, and others. According to the report, soldering represented the largest segment.

Tin is widely used for soldering components onto circuit boards due to its relatively low melting point, which allows it to create strong bonds without damaging sensitive electronic components. Additionally, tin-based solder joints are known for their reliability and durability. They provide good electrical conductivity and can withstand thermal cycling and mechanical stress, making them suitable for electronic devices that are subject to various environmental conditions. Besides this, the imposition of strict regulations, which restrict the use of certain hazardous materials in electronics, including lead, is facilitating the demand for tin-based solders. Moreover, they are used extensively in the automotive industry for soldering electrical components and wiring harnesses. As a result, the significant growth in the electronics and automotive industries is boosting the demand for tin-based solder.

Breakup by End Use Industry:

Automotive

Electronics

Packaging (Food and Beverages)

Glass

Others

A detailed breakup and analysis of the market based on end use industry has also been provided in the report. This includes automotive, electronics, packaging (food and beverages), glass, and others.

Tin is widely used in automobiles to ensure reliable electrical connections in various automotive systems, including engine control units, airbag sensors, and entertainment systems. In addition, tin-based lead-free solders are used for joining various components in modern vehicles, ensuring safety and compliance with environmental standards. Furthermore, tin-plated steel is extensively used in various automotive components, such as fasteners, exhaust systems, and fuel lines, to provide corrosion resistance and enhance the longevity of parts.

Tin is extensively utilized to make metal cans and containers for various food and beverage (F&B) products, such as canned vegetables, fruits, meats, and beverages. Furthermore, tinplate cans are popular due to their excellent sealing properties, corrosion resistance, and ability to protect the contents from light and air, ensuring a longer shelf life. Additionally, tin-based materials are used to make lids and caps for glass jars and bottles, which are commonly used for packaging various products, including jams, sauces, pickles, wines, and spirits.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific exhibits a clear dominance, accounting for the largest tin market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

The Asia Pacific region has abundant tin reserves and well-established mining operations. Furthermore, many countries in the region have well-developed processing facilities for tin. These facilities are essential for refining tin ore into usable forms, such as tin metal and tin alloys. Besides this, the Asia Pacific region hosts some of the world's largest electronics and manufacturing industries. Tin is a crucial component in soldering materials, which are used in the production of electronic devices like smartphones and computers. Additionally, several Asian countries serve as important trading hubs for tin. They play a significant role in the global tin supply chain by handling the trading and distribution of tin products. Moreover, the imposition of supportive policies by the regional governments encouraging the expansion of the tin industry is propelling the market growth.

Competitive Landscape:

Leading players are focusing on exploring new tin deposits and expanding their mining operations to ensure a consistent supply of tin ore. Furthermore, they are leveraging advanced technology and processes to improve mining efficiency, reduce costs, and minimize environmental impacts. Besides this, major producers are investing in processing and refining facilities to extract tin from ore and produce high-quality tin products. Additionally, leading players are implementing sustainable practices, investing in cleaner technologies, and adhering to environmental regulations to minimize their ecological footprint. Moreover, they are diversifying their product offerings by developing new tin-based alloys or products tailored to specific industries. This strategy allows them to capture a broader market share and cater to evolving customer demands. Along with this, companies are expanding their market reach by exploring new export markets and building strong relationships with international customers.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

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

Recent Developments:

In December 2022, Aurubis Beerse nv started the construction of a new state-of-the-art recycling facility in Belgium to fully recover tin from the anode sludge more quickly.

In June 2022, Malaysia Smelting Corporation Berhad announced its plan to acquire a neighboring tin mining leaseholder. This move will allow the company to expand its operations.

In May 2023, DuPont de Nemours Inc. introduced SOLDERON BP TS 7000 Chemistry as the newest addition to its tin-silver bath family.

Key Questions Answered in This Report

• 1. What was the size of the global tin market in 2023?
• 2. What is the expected growth rate of the global tin market during 2024-2032?
• 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?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Tin Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Product Type

• 6.1 Metal
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Alloy
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Compounds
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Application

• 7.1 Soldering
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Tin Plating
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Chemicals
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Others
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast

8 Market Breakup by End Use Industry

• 8.1 Automotive
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Electronics
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Packaging (Food and Beverages)
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Glass
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Others
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia-Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 ArcelorMittal S.A
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
    • 14.3.1.3 Financials
    • 14.3.1.4 SWOT Analysis
  • 14.3.2 Aurubis Beerse nv
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
  • 14.3.3 Avalon Advanced Materials Inc.
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
    • 14.3.3.3 Financials
  • 14.3.4 DuPont de Nemours Inc.
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
    • 14.3.4.3 Financials
    • 14.3.4.4 SWOT Analysis
  • 14.3.5 Indium Corporation
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
  • 14.3.6 Malaysia Smelting Corporation Berhad
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
    • 14.3.6.3 Financials
  • 14.3.7 Minsur
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
    • 14.3.7.3 Financials
  • 14.3.8 PT. Timah Tbk (PT Indonesia Asahan Aluminium)
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
  • 14.3.9 Thailand Smelting and Refining Co. Ltd.
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
  • 14.3.10 Yunnan Tin Group (Holding) Company Limited
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio