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Tuesday, 5 March 2019

2022 | Tin Market: Industry Overview and Major Regions Status Analysis


[3/5/2019]:   Global tin market is segmented on the basis of application and geography. Tin is a silver-colored malleable metal, which cannot be easily oxidized in the air. It is used in the form of metals, compound and alloys. Tin is primarily obtained from mineral cassiterite in the form of tin oxide. The tin industry has been experiencing a deficit for about six out of the past ten years. Tin owing to its corrosion resistant properties and low-toxic nature is becoming an integral part of various commercial and industrial sectors. Expansion in the consumer electronics industry coupled with increasing demand in the food packaging industry is expected to drive the tin market during the forecast period. Tin is a vital component used in contemporary electronics and electrical goods.

The alloy of tin and lead is used as a solder material to form a permanent connection between electronic components. Demand for consumer electronics in Asia Pacific is anticipated to rise significantly during the forecast period due to increasing domestic demand in emerging economies such as India and China. However, increase in prices of tin due to diminishing production from exhausting mines could hamper market growth in the coming years. Additionally, prospective applications of tin in the solar energy industry may offer new opportunities for market growth in the coming years.


The shifting focus toward substituting lead with tin in ammunition, rising demand for lead-free solders, a wide range of niche applications and enactment of legislations to restrict illegal trade are expected to offer numerous opportunities for the growth of the tin industry. On the basis of applications, the tin industry is segmented into tin plating, solder, specialized alloys, chemicals, brass & bronze, float glass, canned food & beverages, PVC stabiizer and others.

In terms of volume, “soldering” is anticipated to be the largest and fastest growing segment of the tin industry during the forecast period. The soldering segment accounted for more than 50% volume share of the tin market. In terms of volume, “tin plating” was the second largest segment of the tin industry It is estimated to expand at a relatively high rate during the forecast period. The others segment includes lithium-ion batteries, ammunitions and solar cells.


Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Tin in these regions, from 2012 to 2022 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India

Global Tin market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• ArcelorMittal
• Malaysia Smelting Corporation Berhad
• MINSUR
• PT Timah TBK
• YUNNAN TIN COMPANY GROUP
• Empresa Metalurgica Vinto
• Guangzhou HUAXI Group
• Metallo-Chimique NV
• YUNNAN CHENGFENG NON-FERROUS METALS
• Thailand Smelting and Refining
• The Dow Chemical Company

For More Details Visit @ million insights

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https://trendsinmarketresearch.blogspot.com/2019/01/oxygen-free-high-thermal-conductivity.html





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