Industry Background:
Tin is a typical metal inasmuch as its extremely malleable, ductile, and readily forms a grayish protective oxide on its surface, but it's much weaker than metals such as iron so it's not used as a construction material. Tin is most used in semiconductors. Over 50% of the world’s tin is used as an electronic solder for joining circuit boards.Tin also has a big role to play in the growth of solar PV, with the solder ribbon used to join solar cells to form solar panels. it is used as a chemical in making flat glass panels, stabilizes PVC and plastics, plating for steel cans and is contained in both lead-acid and lithium-ion batteries.
According to AMA Research, the market for Tin- is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Growing demand for electronic industry
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Precious Metals & Minerals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as ArcelorMittal (Luxembourg), Aurubis AG (Germany), Avalon Advanced Materials (Canada), Indium Corporation (United States ), Jiangxi New Nanshan Technology Co. Ltd (China), Malaysia Smelting Corporation Berhad (Malaysia), MINSUR (Peru), Timah (Indonesia), Yunnan Chengfeng Non-ferrous Metals Co. Ltd (China) and Yunnan Tin Industry Group (Holdings) Co., Ltd. (Yunnan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Influencing Trend:
Rise in demand for lead-free soldering and The increase in the use of tin-free steel in the packaging industry
Market Growth Drivers:
Growing demand for electronic industry and Increasing demand for food and beverage rage packaging
Challenges:
High prices and substitutions and The availability of substitutes lead free solders
Restraints:
Presence of substitutes and High-cost materials
Opportunities:
High demand automotive industry and Increasing demand for solar energy industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Tin- Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Tin- Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Tin- players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Tin- Study Sheds Light on
The Tin- Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Tin- industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Tin- industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.