openPR Logo
Press release

Demand for Consumer Electronics Drives Tin Market

02-17-2017 11:11 PM CET | Energy & Environment

Press release from: Transparency Market Research-Energy

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.

Download the Exclusive Report Sample Here :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.

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.)

Tin Market - Regional Analysis

North America
U.S.
Rest of North America (RoNA)
Europe
Germany
Belgium
Italy
U.K.
Russia
Rest of Europe
Asia Pacific
China
Japan
ASEAN
Rest of Asia Pacific (APAC)
Latin America
Brazil
Rest of Latin America (LATAM)
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa (MEA)

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.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
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/
Visit Blog : http://cmfeglobalreports.blogspot.in/

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 Demand for Consumer Electronics Drives Tin Market here

News-ID: 441833 • Views: 1101

More Releases from Transparency Market Research-Energy

Titanium Diboride Market
Titanium diboride is a part of metallic hard materials group. It is widely known for its extreme hardness and its composition. It is composed of boron and titanium that are known for its resistance to mechanical erosion. It is also known to be a reasonable electrical conductor and therefore has application as a cathode material in aluminum smelting. It can also be shaped by electrical discharge machining. Titanium diboride is
Static VAR Generator Market Projected to Grow at Steady Rate through 2025
Static VAR (Volt-Ampere Reactive) Generator which is also called high-voltage dynamic responsive power gadget & static synchronous compensator, performs dynamic power compensation with the help of reactive power compensation by a self-commutated control semiconductor connect inverter. Power quality has critical effect on power efficiency of static VAR generator. Good power quality lessens the vitality of energy loss and expands equipment lifespan for lower cost of static VAR generator. Various industries are
Torque Limiter Market Assessment and Forecast Report by Transparency Market Rese …
Torque Limiter Market: Overview A torque limiter is a device that automatically shields mechanical equipment and its work from being damaged because of mechanical overload. It is possible for the torque limiter either uncouple the load completely (shear pin) or simply limit torque by slippage. A torque limiter is particularly useful to reduce damage caused by crash jams and stops. Torque limiters could either be packaged as a hub for sheave
Stormwater Treatment Systems Market Set to Witness Steady Growth through 2017-20 …
Global Stormwater Treatment Systems Market: Overview Stormwater originates during ice melts and precipitation events. It can run off or be held on the surface eventually getting evaporated or soak into the soil (called infiltration). Stormwater treatment means the removal of toxins and pollutants from the water. Running stormwater is a major source of pollution. The increased flow of stormwater can encourage weed

All 5 Releases


More Releases for Tin

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
Strategic Analysis of Tin Chloride Market
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
Strategic Analysis of Tin Chloride Market
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 – 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
Global Indium Tin Oxide Market 2016-2020
About Indium Tin Oxide (ITO) ITO is made of tin oxide and indium oxide in a ratio of 9:1 by weight. It is transparent and colorless when applied in thin layers. The compound accounts for about 90% of the overall transparent conductive market and is extensively employed in many electronic devices that are used for military, medicinal, automotive, and other purposes and require brilliant display and touchscreen properties. Technavios analysts forecast the