Tin Market to Reach US$7.29 bn by 2023.pdf

Tin Market to Reach US$7.29 bn by 2023.pdf

  • Submitted By: amyjames
  • Date Submitted: 05/06/2016 3:14 AM
  • Category: Business
  • Words: 1669
  • Page: 7

Transparency Market

Tin Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 - 2023

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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


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...

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