Global Tin Market to Reach 516.9 Thousand Metric Tons by 2012, According to New Report by Global Industry Analysts, Inc.
Increasing awareness about the harmful effects of exposure to lead is expected to propel demand for tin largely in the coming years. The global tin market is projected to reach 516.9 thousand metric tons by year 2012.
San Jose, CA (PRWEB) November 6, 2008 -- Tin is among the earliest metals to be identified and used. About 34 countries globally mine tin. China, Indonesia, Peru and Malaysia are the world's largest tin suppliers. About 89% of international mine output is controlled by China, Indonesia, Bolivia, Brazil and Peru. Tin represents a rosy outlook given the robust demand from China and the marked trend towards electronic solders that use higher quantities of tin per unit. Growth in the next few years would stem primarily from complete transition to lead-free solders and emerging applications such as cement production.
Asia-Pacific represents the largest as well as the fastest growing tin market in the world, as stated by Global Industry Analysts, Inc. Tin sales in Asia-Pacific are projected to exceed 254 thousand metric tons by the year 2010. Among end-use segments, solders represent the largest and the fastest market for tin, projected to register a CAGR of over 7.6% over the period 2001-2010. In Europe, demand for tin in tinplate production is estimated at 25.2 thousand metric tons for 2008
Tin: A Global Strategic Business Report About 80% of tin deposits are in the form of unconsolidated alluvial deposits and the most important concentration of these deposits are in South-east Asia (extending from China to Thailand, Myanmar and Malaysia, and Indonesia in the south). The remaining share of tin deposits is in South America mostly in the form of chief hard rock veins or nodes.
The report titled "Tin: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, industry dynamics, product overview, and recent industry activity. The study also analyzes market data and analytics in volume sales for the period 2001-2015 by the following segments - Tinplate, Solders, Tin Chemicals and Alloys/Babbitt. Regions covered in the report include US, Canada, Japan, France, Germany, Italy, UK, Asia-Pacific and Latin America.
Major market participants profiled include ArcelorMittal USA, Liuzhou China Tin Group, Malaysia Smelting Corp., Mamore Mineracao e Metalurgia SA, Minsur SA, Novosibirsk Integrated Tin Works, PT. Koba Tin, PT Tambang Timah, Rasselstein, Thailand Smelting and Refining Company, Tinplate Company of India, Yunnan Tin Company, Yunnan Chengfeng Non-Ferrous Metals and Yunnan Gejiu Zili Metallurgy we could be heading for a massive undersupply in tin ,in the next couple of years .
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