Tinplate, abbreviated as SPTE, is a cold-rolled low-carbon steel sheet or strip coated with a layer of commercial pure tin on its surface. Its main characteristics include corrosion resistance, non-toxicity, high strength, good ductility, good weldability, and beautiful metallic luster. Therefore, it is widely used in the packaging field, such as food and beverage packaging boxes and cans.
Overview of Market Development
In recent years, the global tinplate market has shown a fluctuating development trend. According to our research data, the estimated revenue of the global tinplate market in 2024 is $17.48 billion, a decrease of 3.06% compared to 2023. In the next three years, it is expected that the market will continue to tighten, and market revenue may drop to $15.14 billion by 2027. By 2028, the market is expected to gradually recover. It is expected that by 2029, the global tinplate market revenue will rebound to $16.25 billion.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global tinplate market is relatively low. Data shows that in 2023, the top 3 companies had a total revenue of 5.877 billion for tinplate, with a total revenue share of 32.60%. The top three companies were Arcelor Mittal, NSSMC, and Baosteel. In 2023, these three companies accounted for 12.80%, 10.71%, and 9.09% of the global market revenue in the tinplate market, respectively.
Global Tinplate Market Revenue Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of type, according to different uses and quality standards, tinplate can be divided into prime grade tinplate and secondary grade tinplate. Among them, prime grade tinplate dominates the market. Data shows that the estimated sales volume of the global prime tinplate market in 2024 is 11.77 million tons, accounting for 66.73% of the total tinplate sales volume.
From a regional perspective, the global tinplate market is concentrated in three major regions: North America, Europe, and Asia Pacific. Among them, the Asia Pacific region is the largest sales market. Data shows that the estimated sales volume of tinplate in the Asia Pacific region in 2024 is 9.63 million tons, accounting for 54.58% of the global total sales volume.
Global Tinplate Sales Volume and Proportion by Type and Region Forecast in 2024
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Sales Volume (Million Tons)
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Proportion
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Segmented by Type
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Prime Grade Tinplate
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11.77
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66.73%
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Secondary Grade Tinplate
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4.79
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27.14%
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Others
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1.08
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6.13%
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Segmented by Region
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North America
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2.94
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16.67%
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Europe
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2.57
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14.58%
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Asia Pacific
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9.63
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54.58%
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South America
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1.36
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7.73%
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Middle East & Africa
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1.14
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6.44%
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Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Tinplate Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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