Strong demand and declining production levels affecting the global tin market

This industry report package offers the most up-to-date market data on the actual market situation, trends, and future outlook for tin in the world and in the top 10 global countries.

The global tin market is estimated to grow steadily in the following years, riding high on the growing demand from emerging economies, particularly from the electronics industry. Since the segment looks promising, industry experts have estimated that the market would grow at a rate of 9.1% per annum in the forecast period between 2014 and 2018. The market comprises various product segments, with unwrought tin accounting for 76.5% of the world’s market share. Other categories include tin flakes, foil and powder which accounts for 1.7% of the market, tin bars, rods, wire and profile for 17.3%, tin fittings, tubes and pipes for 0.1% and alloyed unwrought tin for 3.8% of the global market size.

This report: Global Tin Market to 2018 - Market Size, Top 10 Countries, Trends, and Forecasts discusses the current market scenario, key market drivers and trends. It also provides detailed insight on the overall market outlook and dominant market players of the industry, highlighting the scope of the current market.

Market drivers

The demand for tin has been increasing over the years due to its utilization in numerous industrial applications including solder alloy in electrical goods and electronics, which accounts for 50% of the consumption of this metal. Moreover, with tin being utilized in several new avenues like solar cells, lithium-ion batteries, new fuel chemical technologies, etc., the usage of tin is expected to expand at a faster pace in the next few years. China, Indonesia, United States, Japan and Malaysia have been the most significantly growing regions of the market, while Italy, Turkey, Denmark, Slovakia and Greece are estimated to emerge major players in the near future.

However, despite the growth of the sector, tin market analysisreveals that the sector will face a decline starting 2014. It is predicted that the segment would witness decline in production levels, especially in the markets of China and Indonesia. The rising production costs in China, lack of new mine supply and new rules in Indonesia which have compelled the shutdown of tin mines, have been attributed as the key reasons for the speculated reduction in tin production. This reduction in production, coupled with the continued strong global demand for tin is expected to affect the market significantly, eventually creating a price hike.

Key players

While tin companies like PT Tambang Timah have earned substantial profits in the last few years, certain organizations like Malaysia Smelting Corp’s PT Koba Tin’s production has been declining. In order to improve tin production, PT Timah, the largest tin miner of Indonesia, decided to restore the tin mines of PT Koba Tin in 2014, after obtaining approval from the local government.

For further insights,

Visit: Strong demand and declining production levels affecting the global tin market

About Research on Global Markets

Research on Global Markets is a leading source for market research on various sectors globally, offering premium research content from worldwide publishers of market research reports. Our database hosts premium market research content developed by global publishers. It offers premium industry research reports, company profiles and country briefs. We have a dedicated team of research professionals who can facilitate, in an unbiased manner, the process of identifying appropriate market research reports that are targeted to fulfill all your information-related requirements.

For more details on the content of each report and ordering information please contact:

Email: [email protected]

US: +1 800 986 6819

UK: +44 203 514 2363

India: +91 22 4098 7600

SOURCE: Researchonglobalmarkets.com

Subjects