ALBANY, New York, March 9, 2016 /PRNewswire/ --
Transparency Market Research has released a new market report titled "Tin Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023." According to the report, the global tin market was valued at US$7.41 Billion in 2014 and is projected to reach US$7.29 Billion by 2023, at a CAGR of 3.4% between 2015 and 2023.
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 near future. Additionally, prospective applications of tin in the solar energy industry may offer new opportunities for market growth in the near future.
Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/tin-market.html
Based on application, the global tin market can be segmented into soldering, tin plating, chemicals, brass & bronze, glass, and others. In terms of volume, soldering is anticipated to be the largest and fastest growing segment of the tin market during the forecast period. The soldering segment accounted for more than 50% volume share of the global tin market in 2014. In terms of volume, tin plating was the second-largest segment of the global tin market in 2014. 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.
In terms of volume, Asia Pacific was the largest consumer of tin in 2014. It was followed by Europe and North America. Asia Pacific is estimated to be the fastest growing market during the forecast period. The tin market in the region is likely to expand at a significant rate due to rising demand for tin in soldering and tin plating applications. The tin market in Middle East & Africa and Latin America is expected to experience modest growth during the forecast period.
The tin market is moderately fragmented; various large and medium scale regional companies operate in the market. Key players in the market 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.
Sample Research Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9695
The report segments the global tin market as:
Tin Market - Application Analysis
- Tin Plating
- Brass & Bronze
- Others (Including lithium-ion batteries, ammunitions, solar cells, etc.)
Tin Market - Regional Analysis
- Rest of North America (RoNA)
- Rest of Europe
- Rest of Asia Pacific (APAC)
- Rest of Latin America (LATAM)
Middle East & Africa
- South Africa
- Rest of Middle East & Africa (MEA)
Browse In detail regional analysis: http://www.europlat.org/tin-market-poised-to-reach-us7-29-bn-by-2023-asia-pacific-to-exhibit-fastest-growth.htm
Browse Other Research Reports:
- Copper Market: http://www.transparencymarketresearch.com/copper-market.html
- Graphene Market: http://www.transparencymarketresearch.com/graphene-market.html
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.
Transparency Market Research
Mr. Sudip S
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
SOURCE Transparency Market Research