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The global tin market reached a volume of 386.1 Kilo Tonnes in 2021.
We expect the global tin market to exhibit a CAGR of 2.70% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous end-use industries for tin.
The rising adoption of tin for producing glass, plastics, pesticides, etc., owing to their high corrosion resistance, low toxicity levels, ductility, and malleability properties, is primarily driving the global tin market.
Based on the application, the global tin market can be categorized into soldering, tin plating, chemicals, and others. Currently, soldering accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global tin market include ArcelorMittal S.A, Aurubis Beerse nv, Avalon Advanced Materials Inc., DuPont de Nemours Inc., Indium Corporation, Malaysia Smelting Corporation Berhad, Minsur, PT. TimahTbk (PT Indonesia AsahanAluminium), Thailand Smelting and Refining Co. Ltd., and Yunnan Tin Group (Holding) Company Limited.
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