openPR Logo
Press release

Tin Market - Global Industry Analysis 2023

12-16-2016 02:09 PM CET | Industry, Real Estate & Construction

Press release from: TMR-Research Report

The top three producers of tin - Yunnan Tin Group Company Limited, Malaysia Smelting Corporation, and PT Timah (Perseo) Tbk - held about 56.9% of the revenue in 2014, leaving the rest as a highly fragmented competitive landscape filled with regional players with no globally prominent presence. According to Transparency Market Research, Yunnan Tin Group Company Ltd. was the largest company in 2014, in terms of revenue share. In the same year, Malaysia Smelting Corporation was the second-largest tin producer.

View exclusive Global strategic Business report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9695

TMR’s study notes that most companies within the fragmented market keep their focus on improving their manufacturing capacities and securing new business projects within the new and emerging tin markets.

Demand for Consumer Electronics and Food Packaging Drives Global Tin Production

The two largest drivers for tin production rates are the rapidly increasing demands from consumer electronics and packaged foods. Tin is a core material used in most of the consumer electronic goods we see today. About half the overall annual tin consumption goes into soldering.

Another major chunk of the demand originates from the food and beverages industry. With the growth of economy in emerging nations, the demand for packaged food is increasing rapidly. Tin being one of the most preferred metallic food-grade packaging materials, is expected to be used in increasing amounts over the coming years.

Browse Full Report with ToC: http://www.transparencymarketresearch.com/tin-market.html

Raw Material Depletion Expected to Create Significant Hurdles

“While the demand for tin is increasing at a consistently high pace, thanks to the economic and industrial developments in APAC and LATAM, tin production might not match the demand that is projected for the near future,” states a TMR analyst. “Most of the major mines in Brazil and Peru are being depleted, creating a scenario where severe lack of tin production could cripple the industry.”

At the same time, the other major production projects that are slated to be released soon do not seem to be arriving soon enough to top off the fall in supply. Most of these projects are expected to be started by 2024, with a few others to be initiated between 2016 and 2017.

“Minsur S.A. had stated in November 2015 that their San Rafael, Peru project has had a 15% shortfall in Q3 2015, than for the same quarter in the previous year. The mine is stipulated to run only till 2017,” the analyst added. “Additionally, one of the global giants of tin production, Indonesia, has started strengthening its export laws for tin in order to barricade tin smuggling and rapid environmental degradation.”

As a result, we can see that the severity of tin supply shortfall is only expected to increase in severity over the coming years. Future projects might meet market demands later, but for now, the growing demand might not be consistent with the reducing supply.

Consumer Electronics Demand to Drive Tin Market to US$7.3 bn by 2023

The rapid expansion of the consumer electronics industry will continue to push the demand for tin higher. The global tin manufacture rate is also growing due to the increasing demand from the food and beverages industry for packaging purposes. With major contributions from these two factors, the global in market is expected to be expanding at a CAGR of 3.4% between 2015 and 2023, in terms of revenue. It was valued around US$7.4 bn in 2014 and after a brief period of downturn, is expected to rise up to US$7.29 bn by the end of 2023.

In terms of volume, the global tin production is expected to expand at a CAGR of 2.5% between 2015 and 2023.

The information presented in this review is based on a Transparency Market Research report, titled, “Tin Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

Key Takeaways:

Tin market global revenue expected to reach US$7.29 bn by 2023.
Asia Pacific expected to hold 69.7% tin by volume by 2023.
Over 50% of global annual tin consumption goes into soldering.

Key Segments of the Global Tin Market

Tin Market – Application Analysis

Soldering
Tin Plating
Chemicals
Brass & Bronze
Glass
Others (Including lithium-ion batteries, ammunitions, solar cells, etc.)

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Tin Market - Global Industry Analysis 2023 here

News-ID: 397427 • Views: 461

More Releases from TMR-Research Report

Battery Recycling Market Evolving Industry Trends and key Insights by 2024
The vendor landscape of the global market for battery recycling is highly competitive, features a large number of raw material suppliers (used batteries), and is expected to become further competitive as battery manufacturers themselves enter the business through forward integration, observes a recent report by Transparency Market Research. Companies are resorting to the use of advanced technologies for core processes such as smelting and battery sorting and collaborating with niche
Terminal Block Market is expected to rise at a remarkable CAGR By 2024.
A terminal block is defined as an electric connector in which the wires are clamped down to the metal part by a screw. It allows more than one circuit to connect to another and often contains two long aluminum or copper strips designed to link different components. These strips create a bus bar for power distribution which is sent to the connected components. Terminal blocks are modular, insulated blocks which
Power Rental Market - Positive Long-Term Growth Outlook 2019
Power rental systems cater to the needs of numerous industries during periods of power suspension. During such periods, the power rental units provide back-up systems to keep operations running. Emerging economies and high population rates require more power supply each day. By 2030, the electricity demand worldwide will double at an annual rate of 2.4%, according to the findings of IAEA (International Atomic Energy Agency). Augmenting levels of urbanization all over
Diet Water Market - Global Industry Growth and Trends by 2024
Global Diet Water Market: Overview Vast uncertainties continue to remain regarding the actual health benefits of diet water owing to the lack of evidence and a small product portfolio. Nevertheless, the budding market for diet water is expected to become one of the core segment of the global bottled water market in the next few years. Key drivers being the vast rise in world’s obese population and the increased efforts from

All 5 Releases


More Releases for Tin

Global Tin Foil Market, Global Tin Foil Industry, Market Revenue, Tin Foil Bakin …
Tin foil is a versatile material, which is used in various packaging applications such as wrappers, household foil, pouches, blister packs, and lids. It is recyclable and therefore represents a beneficial opportunity for manufacturers as increasing recovery & collection rates for product mean less production cost along with improved profitability. It possess significant characteristics including better thermal & electrical conductivity, non-absorptive to grease, water, light, and oil, superior formability, and
Soldering Tin Size, Share, Development by 2024
Global Info Research offers a latest published report on Soldering Tin Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 124 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-soldering-tin-market_p104198.html   Soldering Tin an important industrial raw material for connecting
Tin Market – Significant Growth During 2015 – 2023
The top three producers of tin – Yunnan Tin Group Company Limited, Malaysia Smelting Corporation, and PT Timah (Perseo) Tbk – held about 56.9% of the revenue in 2014, leaving the rest as a highly fragmented competitive landscape filled with regional players with no globally prominent presence. According to Transparency Market Research, Yunnan Tin Group Company Ltd. was the largest company in 2014, in terms of revenue share. In the
Innovation Benchmarking in Tin Chloride Market | 2024
Tin chloride is also known as stannous chloride and is a white crystalline solid. Tin chloride forms a stable dehydrate however, aqueous solutions tend to undergo hydrolysis particularly if hot. Tin chloride is commonly used as a reducing agent in acid solution and in electrolytic baths for tin-plating. Tin chloride is used for metallic surfaces or glass and plastic as a sensitizing agent in preparing glass and plastic for metalizing
Tin Market - Global Industry Analysis ,Growth 2023
Global Tin Market: Snapshot The continual advancement in consumer electronics leading to increasing consumer spending for ownership of newer electronic devices is the major factor propelling the global tin market. Tin is of the key metals used in the manufacture of consumer electronics, with over 50% of the tin used for welding. Browse Market Research Report @ http://www.transparencymarketresearch.com/tin-market.html Furthermore, the growth of the packaged foods industry due to changing lifestyle in also favoring
Global Tin-Bronze Market Outlook 2016-2021
Summary Gen’s report, ‘Global Tin-Bronze Market Outlook 2016-2021’ provides detailed market and segment level data on the Global and Chinese consumption of Tin-Bronze. The report provides historic, forecast and growth patterns by company, country and type/application from 2016 to 2021. This report delivers an extensive overview of Global Tin-Bronze industry with a focus on China. It also acts as an essential tool to companies active across the value chain and to the