Tin Market Size (2024 - 2029)

The market size of the tin industry is predicted to grow in the coming years, with a steady CAGR noted during the forecast period. Though the market was initially impacted by the COVID-19 pandemic, it saw a recovery with tin concentrate imports returning to normal levels. The growth is primarily driven by increasing demand from the electric vehicle sector, as well as the electrical and electronics industries. However, the availability of substitutes like aluminum and tin-free steel poses a challenge to the market's growth. Despite this, the shift towards recycling tin is expected to present new opportunities. The Asia-Pacific region is anticipated to dominate the market and witness the highest growth rate during the forecast period.

Home Market Analysis Chemicals & Materials Research Metals and Minerals Research Metals Research Base Metals Research Tin Research Tin Industry Market Size

Market Size of Tin Industry

Tin Market Summary
Study Period 2019 - 2029
Market Volume (2024) 418.40 kilotons
Market Volume (2029) 475.46 kilotons
CAGR (2024 - 2029) 2.59 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Tin Market Major Players

*Disclaimer: Major Players sorted in no particular order
setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Tin Market Analysis

The Tin Market size is estimated at 418.40 kilotons in 2024, and is expected to reach 475.46 kilotons by 2029, growing at a CAGR of 2.59% during the forecast period (2024-2029).

The market was negatively affected due to COVID-19 in 2020, thus affecting the market growth. However, the tin industry recovered COVID-19 outbreak, with imports of tin concentrate returning to normal levels. Thus, driving the market during the forecast period,

  • Over the medium term, surging demand from the electric vehicle market and increasing applications in the electrical and electronics industry are expected to drive the market during the forecast period.
  • The availability of substitutes like aluminum and tin-free steel for producing metallic products like containers is hindering the market's growth.
  • Shifting focus toward recycling tin is expected to create opportunities for the market in the coming years.
  • The Asia-Pacific region is expected to dominate the market, and it is also expected to witness the highest CAGR during the forecast period.

Tin Industry Segmentation

Tin is a soft, pliable, silvery-white metal with malleability and ductility characteristics. It is mainly derived from cassiterite, which contains about 80% The market is segmented by product type: tin. The tin market is segmented by product type, application, end-user industry, and geography. By product type, the market is segmented into metal, alloy, and compounds. The market is segmented by solder, tin plating, chemicals, and other applications. By end-user industry, the market is segmented into automotive, electronics, packaging, glass, and other end-user industries. The report also covers the market size and forecasts for the tin market across 16 countries and the production scenario for 10 countries across various regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons).

Product Type
Metal
Alloy
Compounds
Application
Solder
Tin Plating
Chemicals
Other Applications (Specialized Alloys, Lead-acid Batteries, and Others)
End-user Industry
Automotive
Electronics
Packaging (Food and Beverage)
Glass
Other End-user Industries
Geography
Production Analysis
Australia
Bolivia
Brazil
Burma
China
Congo (Kinshasa)
Indonesia
Malaysia
Peru
Vietnam
Other Countries
Consumption Analysis
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Mexico
Canada
Europe
Germany
United Kingdom
France
Italy
Austria
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East & Africa

Tin Market Size Summary

The Tin Market is projected to experience growth over the forecast period, despite setbacks due to the COVID-19 pandemic. The market's recovery has been driven by the normalization of tin concentrate imports. The demand for tin is expected to increase due to its growing applications in the electrical and electronics industry, as well as the electric vehicle market. However, the availability of substitutes such as aluminum and tin-free steel could potentially hinder market growth. On a positive note, the shift towards recycling tin is expected to create new opportunities for the market. Tin is primarily used in the electronics industry, contributing significantly to the market's growth. Its demand is expected to rise with the increasing global demand for smartphones and other electronics. The Asia-Pacific region, particularly China, India, and Japan, is the largest consumer of tin due to their robust electronics industry. Additionally, the automotive industry, particularly in China, is another major contributor to the tin market. Tin is used extensively in various automotive applications, further driving its demand. The tin industry is highly consolidated with a few major producers holding the majority of the market share.

Explore More

Tin Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Surging Demand from the Electric Vehicle Market

      2. 1.1.2 Increasing Applications in the Electrical and the Electronics Industry

    2. 1.2 Restraints

      1. 1.2.1 Presence of Subsitutes

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

    5. 1.5 Price Analysis

  2. 2. MARKET SEGMENTATION (Market Size by Volume)

    1. 2.1 Product Type

      1. 2.1.1 Metal

      2. 2.1.2 Alloy

      3. 2.1.3 Compounds

    2. 2.2 Application

      1. 2.2.1 Solder

      2. 2.2.2 Tin Plating

      3. 2.2.3 Chemicals

      4. 2.2.4 Other Applications (Specialized Alloys, Lead-acid Batteries, and Others)

    3. 2.3 End-user Industry

      1. 2.3.1 Automotive

      2. 2.3.2 Electronics

      3. 2.3.3 Packaging (Food and Beverage)

      4. 2.3.4 Glass

      5. 2.3.5 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Production Analysis

        1. 2.4.1.1 Australia

        2. 2.4.1.2 Bolivia

        3. 2.4.1.3 Brazil

        4. 2.4.1.4 Burma

        5. 2.4.1.5 China

        6. 2.4.1.6 Congo (Kinshasa)

        7. 2.4.1.7 Indonesia

        8. 2.4.1.8 Malaysia

        9. 2.4.1.9 Peru

        10. 2.4.1.10 Vietnam

        11. 2.4.1.11 Other Countries

      2. 2.4.2 Consumption Analysis

        1. 2.4.2.1 Asia-Pacific

          1. 2.4.2.1.1 China

          2. 2.4.2.1.2 India

          3. 2.4.2.1.3 Japan

          4. 2.4.2.1.4 South Korea

          5. 2.4.2.1.5 Rest of Asia-Pacific

        2. 2.4.2.2 North America

          1. 2.4.2.2.1 United States

          2. 2.4.2.2.2 Mexico

          3. 2.4.2.2.3 Canada

        3. 2.4.2.3 Europe

          1. 2.4.2.3.1 Germany

          2. 2.4.2.3.2 United Kingdom

          3. 2.4.2.3.3 France

          4. 2.4.2.3.4 Italy

          5. 2.4.2.3.5 Austria

          6. 2.4.2.3.6 Rest of Europe

        4. 2.4.2.4 South America

          1. 2.4.2.4.1 Brazil

          2. 2.4.2.4.2 Argentina

          3. 2.4.2.4.3 Rest of South America

        5. 2.4.2.5 Middle East and Africa

          1. 2.4.2.5.1 South Africa

          2. 2.4.2.5.2 United Arab Emirates

          3. 2.4.2.5.3 Rest of Middle East & Africa

Tin Market Size FAQs

The Tin Market size is expected to reach 418.40 kilotons in 2024 and grow at a CAGR of 2.59% to reach 475.46 kilotons by 2029.

In 2024, the Tin Market size is expected to reach 418.40 kilotons.

Tin Market Report Snapshots

Tin Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)