A recent report published by Infinium Global Research on the tin market provides an in-depth analysis of segments and sub-segments in the global as well as a regional tin market. The global tin market is projected to grow at a CAGR of 2.24% over the forecast period of 2018-2024.
Pune, India -- (SBWIRE) -- 03/24/2019 -- The Tin Market's segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR's report also covers drivers and restraints in the tin market.
Infinium Global Research's report covers the annual growth of the Global tin market. It also includes chapters on the Global tin industry trends, geographic analysis, and competitive landscape.
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The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.
Tin Market: Industrial Insight
Tin is a crystalline silvery-white metal that belonging to the carbon family. Tin provides high resistance to water, acids, and alkalis. Tin is widely used for plating steel cans. Tin along with oxygen used as a catalyst to accelerate the chemical reaction. Tin offers excellent solderability and Decent contact resistance. Tin used in several industrial coating applications.
Tin Market: Market Insight
The high consumption of tin in corrosion protection applications is the key factor that drives the growth of the tin market worldwide. It is also used in the plating steel cans that are widely utilized in the manufacturing of food containers. Thus, this contributes to the growth of the tin market. However, Side effects of the tin supplement may cause skin reactions. Moreover, the growing use of tin in the electronics industry as the eco-friendly soldering element are projected to several opportunities for tin in the upcoming years. Additionally, the growing use of tin alloys in the lithium-ion batteries and the Recycling of tin are expected creates opportunities for emerging market players in the near future.
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Tin Market: Segmentation
The Report on The Global Tin Market is Segmented into Product Type, Application, And End-User Industry.
On the basis of product type, the market is categorized into metal, alloys, and compounds. The tin metal is the compound that mainly used as a coating metal to coat the other metal to prevent them from corrosion. Additionally, the tin alloys are majorly used in the formation of food packaging as tin cans owing to its low toxicity. Thus, the growing consumption of tin in the food packaging drive the growth of the tin market.
In terms of application, the market is segmented as tin plating, chemicals, solder, specialized alloys, lead-acid batteries, and chemicals. Furthermore, by end users, the market is categorized into electronics, automotive, packaging, glass, and others. The growing electronics and automotive sectors across the world are favoring the tin market.
Tin Market: Regional Insight
Geographically, The Asia Pacific holds the maximum market share in the tin market. It expected to be the dominating region through the forecast period. China is one of the major producers of in the Asia Pacific. Rapidly growing electronics and automotive industry in China, India promotes the growth of the tin market in this region. Additionally, North America and Europe hold a considerable share in the tin market due to the high consumption of steels across varies industry verticals.
Tin Market: Competitive Analysis
The major players in the tin market include Metallo Chimique international NV, Minsur S.A., YUNNAN TIN COMPANY GROUP LIMITED, Yunnan Chengfeng Nonferrous Metals Co., Ltd., PT TIMAH Tbk., DuPont and Do, ArcelorMittal, Indium Corporation, and others.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Tin.
- Complete coverage of all the product type and applications segments to analyze the trends,
developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis
of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies
that market players should focus to invest, consolidate, expand and/or diversify.