Tin Industry drivers detailed in new research report
Tin is a silver colored, soft metal. It has properties such as corrosion resistance, low roughness factor and low melting point. Tin is broadly used in a metal form with other metals in order to form alloys. It is used in different industries such as automobile, electronics, food & beverage packaging. Tin is one of the most important metals used in the manufacturing of consumer electronics. More than 50% of the overall tin produced is used for welding/soldering in electronics manufacturing. Steadily growing production of electronic components is, thus, the most important factor propelling the tin market growth. Similarly, the global tin market generates a major share of revenue from the food and beverage industry. The growing demand for packaged food, has led to an increasing demand for tin foil and other packaging materials, thereby fueling the market growth. In the following years, use of tin in solar power generation is estimated to generate ample opportunities for the market growth.
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Asia Pacific is projected to be the fastest growing tin market from 2017-2025 with a CAGR of 1.8%. The tin market in Asia Pacific is expanding at a high rate due to increasing demand for tin plating and soldering applications. The tin market in Latin America and Middle East & Africa are anticipated to show promising growth during the forecast period.
The report titled “Global Tin Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global tin industry along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on tin market size, application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, trends, restraints and opportunities. The report incorporates a separate section highlighting key trends analysis of the overall tin market.
In order to help the strategic decision makers, the report also includes profiles of the leading tin manufacturers, their business strategies and key developments. Some of the major players profiled in the report are Empresa Metalúrgica Vinto S.A, Gejiu Zili Mining and Smelting Co., Ltd., Guangxi China Tin Group, Malaysia Smelting Corporation, Metallo-Chimique International N.V., Minsur S.A., PT Timah (Persero) Tbk, Thailand Smelting and Refining Co., Ltd. (Thaisarco), Yunnan Chengfeng Non-ferrous Metals Co., Ltd., and Yunnan Tin Group Company Limited. Further, the report also covers market positioning of the key players operating in the tin market. The section further includes a brief on key strategies adopted by the major players operating in the market. Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the tin market
- Market driver, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Trailing 2-Year market size data (2015 – 2016)
- SRC (Segment-Region-Country) Analysis
Overall, the research study provides a holistic view of the global tin market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.
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