Tin Market to Reach Us$7.29 Bn by 2023

Transparency Market

Research

Tin Market - Global Industry Analysis, Size, Share, Growth,

Trends and Forecast 2015 - 2023

Published Date

08-03-2016

128 Page Report

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Press Release

Tin Market to Reach US$7.29 bn by 2023, Prospective

Applications in Solar Energy Sector Could Impel Growth

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Tin Market

REPORT DESCRIPTION

Tin is a silvery-white soft metal that is malleable, ductile, and light in weight. Tin is primarily used in

combination with other metals to manufacture alloys. Self-governing tin miners work in various small

groups to collect tin ore to supply them to the local merchants. The increasing demand for soldering

equipment and soldering alloys is expected to propel the global tin market in the coming few years.

Soldering Segment Accounts for 50% of Global Tin Market in 2014

The global tin market is segmented on the basis of geography and application. By application, the global

tin market is classified into soldering, chemicals, tin plating, glass, chemicals, brass and bronze, and

others. The others segment is sub-segmented into lithium-ion batteries, solar cells, and ammunition. In

2014, in terms of volume, the soldering segment dominated the global tin market, accounting for more

than 50%.

Tin is highly ductile and malleable and is thus capable of being transformed into very thin sheets. It is

unaffected by water and oxygen at room temperatures and does not rust or corrode easily. Thus, tin is

used as a coating material, as a protection to other metals. Increasing demand from the food packaging

industry and the expansion of the consumer electronics industry are predicted to boost the global tin

market during the period between 2015 and 2023. The potential application of tin in the solar energy

industry is...