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.
Furthermore, the growth of the packaged foods industry due to changing lifestyle in also favoring the growth of the tin market. Both these industries are displaying significant growth predominantly in emerging economies due to growing consumerism among the rising middle-class population in these regions. In addition, the potential application of tin in solar power generation is expected to present ample opportunities to the market’s growth.
However, tin production and consumption is expected to display a demand-supply gap in the coming years. The high-paced industrial growth and urbanization in the emerging economies of Asia Pacific and Latin America is expected to outpace tin production in the near future. Depleting resources in major mines in Brazil and Peru is expected to hit tin production, which in turn, will affect the growth of end-use industries globally.
At the same time, new pipeline projects for tin production are not expected to commence before 2024 to top off the demand-supply gap. As a result, the severity in tin supply shortfall is only expected to increase over the coming years. Pipeline projects might cater to the demand in future, but for now, the rising demand will not match with the reducing supply.
The global tin market is projected to rise at a CAGR of 3.4% between 2015 and 2023. The market stood at US$7.4bn in 2014 and after a short period of dip, it is projected to reach a valuation of US$7.29 bn by 2023. By volume, the global tin market is anticipated to rise at a CAGR of 2.5% from 2015 to 2023.
Asia Pacific to continue being Leading Producer and Consumer for Tin through 2023
Accounting for a slight over 67% of the global volume of tin, Asia Pacific stood as the leading regional market for tin production in 2014. A major chunk of tin consumption goes for welding in the electronics and transportation industries. The region is expected to display a high rate of activities for both production and consumption of tin. China is expected to display the leading consumption of tin in Asia Pacific due to a flourishing consumer electronics industry.
Latin America is expected to display steady growth in terms of tin consumption in the coming years due to the expeditious expansion of food and beverages and semiconductor industries in the region.
Europe stood as the second-largest region in terms of tin consumption in 2014, however, the region is expected to display a declined demand for tin in the coming years due to the progression of Eurozone crisis. Consequently, the increasing unemployment and weakened consumer confidence will be detrimental to the growth of the regional market.
North America is expected to display moderate growth in terms of tin consumption as the U.S. will continue to display steady growth in the consumer electronics business.
Soldering Application Segment to Display Robust Demand for Tin
The application areas of tin include soldering, chemicals industry, glass manufacturing, tin plating, and brass and bronze manufacturing. Of these, soldering is the leading application segment and is expected to rise at a CAGR of 2.9% between 2015 and 2023 in terms of volume. This is because soldering is a core component in most semiconductor-based industries for high durability and reliable connection of components. Tin being one of the key components of soldering alloys is needed in large quantities in semiconductor devices.
The tin plating application segment is expected to display substantial demand due to the rapid growth of food and beverages packaging industry.
Some of the key producers in the global tin market include Thailand Smelting and Refining Co. Ltd., Yunnan Tin Group Company Limited, Guangxi China Tin Group, and Empresa Metalúrgica Vinto S.A.
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope & Assumptions
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Global Tin Market, 2014 - 2023, (Kilo Tons) (US$ Mn)
2.2 Tin Market: Market Snapshot, 2014 & 2023
Chapter 3 Tin Market – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Expansion of Consumer Electronics Industry is Expected to Boost Demand for Tin
3.3.2 Increasing Demand in Food Packaging Industry to Drive Tin Market
3.4 Restraints
3.4.1 Rising Prices Due to Falling Production from Exhausting Mines Could Hamper the Market Growth
3.5 Opportunity
3.5.1 Prospective Applications in Solar Energy Industry
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of New Entrants
3.6.4 Threat of Substitutes
3.6.5 Degree of Competition
3.7 Tin: Market Attractiveness by Application
3.8 Tin: Market Attractiveness by Country
3.9 Company Market Share Analysis, 2014
Chapter 4 Raw Material and Price Trend Analysis
4.1 Global Tin Price Trend Analysis, 2014–2023 (US$/Ton)
Chapter 5 Tin Market – Application Analysis
5.1 Global Tin Market: Application Analysis
5.2 Tin Market Volume Share: By Application
5.2.1 Tin Market for Soldering, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.2.2 Tin Market for Tin Plating, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.2.3 Tin Market for Chemicals, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.2.4 Tin Market for Brass & Bronze, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.2.5 Tin Market for Glass, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.2.6 Tin Market for Others, 2014 – 2023 (Kilo Tons) (US$ Mn)
Chapter 6 Global Tin Market - Regional Analysis
6.1 Global Tin Market Volume Share by Region
6.2 North America
6.2.1 North America Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.2.2 North America Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.2.3 U.S.
6.2.3.1 U.S. Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.2.3.2 U.S. Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.2.4 Rest of North America
6.2.4.1 Rest of North America Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.2.4.2 Rest of North America Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.3 Europe
6.3.1 Europe Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.3.2 Europe Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.3.3 Germany
6.3.3.1 Germany Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.3.3.2 Germany Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.3.4 Belgium
6.3.4.1 Belgium Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.3.4.2 Belgium Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.3.5 Italy
6.3.5.1 Italy Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.3.5.2 Italy Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.3.6 UK
6.3.6.1 UK Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.3.6.2 UK Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.3.7 Russia
6.3.7.1 Russia Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.3.7.2 Russia Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.3.8 Rest of Europe
6.3.8.1 Rest of Europe Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.3.8.2 Rest of Europe Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.4 Asia Pacific
6.4.1 Asia Pacific Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.4.2 Asia Pacific Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.4.3 China
6.4.3.1 China Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.4.3.2 China Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.4.4 Japan
6.4.4.1 Japan Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.4.4.2 Japan Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.4.5 ASEAN
6.4.5.1 ASEAN Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.4.5.2 ASEAN Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.4.6 Rest of Asia Pacific
6.4.6.1 Rest of Asia Pacific Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.4.6.2 Rest of Asia Pacific Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.5 Latin America
6.5.1 Latin America Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.5.2 Latin America Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.5.3 Brazil
6.5.3.1 Brazil Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.5.3.2 Brazil Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.5.4 Rest of Latin America
6.5.4.1 Rest of Latin America Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.5.4.2 Rest of Latin America Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.6 Middle East & Africa (MEA)
6.6.1 Middle East & Africa Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.6.2 Middle East & Africa Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.6.3 GCC
6.6.3.1 GCC Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.6.3.2 GCC Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.6.4 South Africa
6.6.4.1 South Africa Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.6.4.2 South Africa Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
6.6.5 Rest of MEA
6.6.5.1 Rest of MEA Tin Market Volume, by Application, 2014 – 2023 (Kilo Tons)
6.6.5.2 Rest of MEA Tin Market Revenue, by Application, 2014 – 2023 (US$ Mn)
Chapter 7 Company Profiles
7.1 Yunnan Tin Group Company Limited
7.2 Yunnan Chengfeng Non-ferrous Metals Co., Ltd.
7.3 Thailand Smelting and Refining Co., Ltd. (Thaisarco)
7.4 Guangxi China Tin Group
7.5 Malaysia Smelting Corporation
7.6 PT Timah (Persero) Tbk
7.7 Minsur S.A.
7.8 Empresa Metalúrgica Vinto S.A
7.9 Metallo-Chimique International N.V.
7.10 Gejiu Zili Mining And Smelting Co., Ltd.
Chapter 8 List of Customers
Chapter 9 Primary Research - Key Findings
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