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Published Date: 2016-03-08Number of Pages: 128

Tin Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Global Tin Market: Overview

The demand for tin is growing on a global level through a higher consumption rate of consumer electronics and packaged foods. Both industries are showing an especially high growth rate in emerging economies, owing to their rapid rate of industrialization and growing consumerism trends. Tin is one of the primary metals used in consumer electronics, while more than half of the annual tin consumption goes into welding.

However, the future of tin production is expected to take a hit due to the depleting resources in the current tin production projects. The earliest new projects are not expected to start up before 2016 or 2017, creating a major gap between supply and demand for tin and tin-based chemicals.

Through the cumulative effect of the above factors along with other restraints and minor drivers, the global tin market is expected to progress at a CAGR of 3.4% from 2015 to 2023. This market was valued at US$7.416 bn in 2014 and is expected to reach close to US$7.3 bn by 2023.

 

tin-market

 

Asia Pacific to Remain Top Producer and Consumer of Tin Till 2023

A bit more than 67% of the total volume of tin in 2014 was held by Asia Pacific, making it the largest region in the global tin production scenario. A large part of the tin consumption goes into soldering in the industries of transportation and electronics. In terms of market attractiveness, this region will be continuing to show a high rate of activities in both production and consumption. China is expected to show the highest rate of consumption in Asia Pacific, owing to a booming consumer electronics industry.

The Latin America tin consumption is also expected to show a steady growth over the coming years, owing to a rapid expansion of the industries of semiconductor and food and beverages. Europe was the second-largest region in tin consumption in 2014. However, the demand for tin in Europe is expected to fall in the coming years, due to the direction that the current Eurozone crisis is progressing. This region has experienced a high rate of unemployment recently and continues to show a weakened buying confidence among a large proportion of consumers.

North America is projected to show a moderate growth rate in tin consumption through the steady growth in the U.S. consumer electronics business.

Tin Continues to be Widely Consumed in Soldering

The application areas of tin lie in soldering, tin plating, the chemicals industry, in the manufacture of brass and bronze, and in the glass manufacturing industry. Of these, the segment of soldering held 52.38% of the global tin consumption. This application segment is expected to expand at a CAGR of 2.9% from 2015 to 2023 in terms of volume. Most semiconductor based industries hold soldering as a core component and use it to ensure highly durable and reliable connection of joints. Tin being the basic component of soldering alloys is therefore needed in large quantities for the purpose of soldering across the world.

Another application of tin, i.e. tin plating, is expected to witness a growth in demand through the rapidly expanding food and beverages packaging industry. Tin plating is expected to be increasingly used in Asia Pacific and MEA. The key tin producers in the global market include Thailand Smelting and Refining Co., Ltd., Empresa Metalúrgica Vinto S.A, Yunnan Tin Group Company Limited, and Guangxi China Tin Group.


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

Tin, a part of the carbon family, shares chemical similarities with germanium and lead. It is highly malleable and ductile and is capable of being transformed into thin sheet. Tin is unaffected by oxygen and water at room temperatures. It does not corrode or rust easily; hence, tin can be used as a coating material to protect other metals. Expansion in the consumer electronics industry coupled with rising demand in the food packaging industry is expected to drive the tin market during the forecast period. Additionally, its potential application in the solar energy industry is anticipated to provide ample opportunities for market growth during the forecast period.

The production of tin is concentrated in emerging economies of Latin America and Asia Pacific. Currently, China, Indonesia, and Peru are the largest producers of tin in the world. Indonesia, one of the largest producers of tin, is tightening its rules for tin exports in order to crack down on environmental degradation and smuggling. Myanmar is also anticipated to emerge as a major supplier of tin in the world in the near future.

This study analyzes, estimates, and forecasts the global tin market in terms of volume (kilo tons) and revenue (US$ Mn) from 2014 to 2023. Market numbers given in the report describe the global demand for tin, but not the production or supply. The tin report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

The report provides detailed analysis of the tin market by key applications. It segments the market into the following key applications: soldering, tin plating, chemicals, brass & bronze, glass, and others (including lithium-ion batteries, ammunitions, and solar cells.) The report also segments the market based on major geographies into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It further provides volume and revenue for each application segment for each region. This includes 12 unique country-specific analysis.

Based on application and country, the report analyzes the attractiveness of each segment and country with the help of an attractiveness tool. The study includes value chain analysis, which provides a better understanding of key players in the supply chain from raw material manufacturers to end-users. Furthermore, the study analyzes market competition through Porter’s Five Forces Analysis.

Key market participants profiled in the study include Yunnan Tin Group Company Limited, Thailand Smelting and Refining Co., Ltd. (Thaisarco), Yunnan Chengfeng Non-ferrous Metals Co., Ltd., Guangxi China Tin Group, Malaysia Smelting Corporation, PT Timah (Persero) Tbk, Minsur S.A., Empresa Metalúrgica Vinto S.A., Metallo-Chimique International N.V., and Gejiu Zili Mining And Smelting Co., Ltd. Profiles of key participants encompass vital parameters such as financial overview, company overview, business strategy, and recent developments.

Primary research represents the majority of our research efforts, supplemented by a widespread secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from trade associations, government websites, and agencies. This has proven to be the most dependable, effective, and dynamic approach for procuring precise market data, distinguishing business opportunities, and obtaining industry participants’ insights.

Secondary research sources that are referred to include external patented databases, textbooks, financial reports, company websites, broker reports, commentaries, annual reports, stockholder presentations, and suitable patent and regulatory databases, statistical databases, and market reports, press releases, news articles, and webcasts specific to the corporations operating in the market. Secondary sources referred for this study include Chemical Weekly Magazine, ICIS Chemical Business Magazine, Hoover’s, Factiva and company presentations. 

The report segments the global tin market as:

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) 


 
 
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