Market.us announces publication of its most recently generated research report titled, “Asia and Europe Electrolytic Tinplate Market by Product Type (Prime Grade Electrolytic Tinplate, Secondary Grade Electrolytic Tinplate and Others), By Application (Packaging, Electronics, Construction, Engineering and Other Applications), and by Region – Asia and Europe Forecast to 2029.”, which offers a holistic view of the Electrolytic Tinplate market through systematic segmentation that covers every aspect of the target market.

The Asia Electrolytic Tinplate market is projected to be US$ 1,811.6 Mn in 2019 to reach US$ 2,913.9 Mn by 2029 at a CAGR of 4.9%.

The electrolytic tin ultra-thin sheet is also termed as tinplate. It is a cold-rolled, recrystallization-annealed, and in some cases reduced thin layer of carbon steel, upon which a tin coating is applied by an electrolytic process. ETP may be of Single Reduced (SR) or Double Reduced (DR) type and available, both in sheet and/or coil form. The tin coating protects the base material against corrosion and also acts as an excellent primer for subsequent painting. It combines the formability and strength of steel with the corrosion-resistance and better visual appearance of tin. Tinplate is also known as “packaging steel.” The main application of tin cans is in foods and beverages and animal foods. It is used for the packaging of chemical products and spray cans for aerosols. Moreover, closures such as bottle tops or caps and lids are often made from tinplate. Also, it is 100% recyclable and can be reused several times without loss of quality.

Increasing consumption of beverage cans for various end-use applications in the food and beverage services sector, coupled with a growing preference for ready-to-eat food products are major factors driving the growth of the global electrolytic tinplate market currently. The major use of tinplate is to manufacture tin cans in which foods, as well as various types of household utensils and other products, are packed. Tinplate also offers excellent properties, due to which it is majorly used in multiple applications such as beverage cans, crown caps, and screw caps, aerosols, electrical parts, oil filer parts, and wire-shielding material.

Asia Electrolytic Tinplate Market Revenue (US$ Mn), 2019–2029 

However, fluctuating raw material prices aligned with environmental regulation accompanied by the production of electrolytic tinplate is a major factor restraining the new entrants from entering. Nonetheless, the manufacturing process of electrolytic tinplate utilizes a lot of resources, and the process is lengthy as well as complicated. Optimization of manufacturing processes and technical advancements in manufacturing equipment are major factors expected to create lucrative growth opportunities for manufacturers in the target market.

Asia and Europe Electrolytic Tinplate market is segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into Prime Grade Electrolytic Tinplate, Secondary Grade Electrolytic Tinplate, and Others. The Prime Grade Electrolytic Tinplate segment accounts for the majority share and is expected to register highest growth over forecast period. On the basis of application, the market is segmented into Packaging, Electronics, Construction, Engineering, and Other Applications. The Packaging segment accounts for a majority share in the Asia and Europe Electrolytic Tinplate market.

Asia and Europe Electrolytic Tinplate Market Attractiveness Index by Product Type, 2019

On the basis of region, the market is segmented into Europe and APAC. The APAC accounts for the majority share in the Asia and Europe Electrolytic Tinplate market. APAC is expected to register the highest growth rate over forecast period.

The research report on the Asia and Europe Electrolytic Tinplate market includes profiles of some of major companies such as Yorkshine Holdings Ltd, TianJin SWKD steel metal materials Co., Ltd., JFE Holdings, Inc., Tata Steel Limited, etc.

Key Market Segments

Type

• Prime Grade Electrolytic Tinplate
• Secondary Grade Electrolytic Tinplate

Application

• Packaging
• Electronics
• Construction
• Engineering and Other Applications

Key Market Players included in the report:

• Yorkshine Holdings Ltd
• TianJin SWKD steel metal materials Co.Ltd.
• JFE Holdings Inc.
• Tata Steel Limited