What is Tin Rod Market?
Tin rod is a silvery-white metal that is soft and pliable, and which emits the characteristic sound of tin cry when bent. Its principal ore is cassiterite, SnO2, from which the metal is obtained by reduction. Tin forms a stable oxide coating on its surface which makes it unreactive in water; however, it is soluble in both acids and alkalis and reacts readily with halogens. Tin rod is widely used in the manufacture of soft solders where it is alloyed with other elements to produce a wide range of alloys with different characteristics. Tin rod is also a constituent of bronzes, pewter, certain bearing materials, and fusible alloys.
The market study is being classified by Type (99% Tin Rod , 99.9% Tin Rod , 99.99% Tin Rod and Others), by Application (Solder, Tin Plating, Specialized Alloys and Others) and major geographies with country level break-up.
PT TIMAH Tbk (Indonesia), Thaisarco (Thailand), Yunnan Tin (China), Malaysia Smelting Corp. Bhd Company (Malaysia), Yunnan Chengfeng (China), Thaisarco (Thailand), Metallo Chimique (Spain), China Tin Group (China), Minsur (Peru) and Jiangxi Nanshan Tin (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are EM Vinto (Bolivia), Metallo (Belgium) and Guangxi China Tin Group Co., Ltd. (China).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Vendors having a strong hold in the market are PT TIMAH Tbk, Thaisarco, and Yunnan Tin. Research Analyst at AMA predicts that Asian Vendors will contribute to the maximum growth of Global Tin Rod market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Tin Rod market by Type, Application and Region.
On the basis of geography, the market of Tin Rod has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing demand for tin in the various industries for the coating is boosting the growth of the global tin rod market. As tin has good chemical resistance, it is used as a coating of other metals to prevent corrosion, the coating of steel to produce tin plate being an important example of this application.
Market Trend
- Governments of most Economies are Spending on Infrastructure as Part of Stimulus Measures
Restraints
- High Coat Associated with Tin Material
Opportunities
- Rising Demand from the industry for Installation and Manufacturing and Soldering Processes at Industries
Key Target Audience
Tin Rod Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other