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This report studies the Tungsten Electrode market. Tungsten electrodes are used when arc welding with the Tungsten Inert gas (TIG) process or when plasma welding. In both processes the electrode, arc and weld pool are protected from atmospheric contamination by an inert gas. A tungsten electrode is used because it can withstand very high temperatures with minimal melting or erosion. Tungsten electrodes are made by powder metallurgy and are formed to size after sintering.
China is the largest market with about 77% market share. North America is follower, accounting for about 10% market share.
The key players are Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, Metal Cutting, BGRIMM, ATTL Advanced Materials, SUNRAIN Tungsten etc. Top 3 companies occupied about 46% market share.
Market Analysis and Insights: Global Tungsten Electrode Market
The global Tungsten Electrode market was valued at US$ 98.1 million in 2020 and it is expected to reach US$ 111.5 million by the end of 2027, growing at a CAGR of 1.8% during 2021-2027.
Global Tungsten Electrode Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Tungsten Electrode Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Pure Tungsten
Thoriated Tungsten
Lanthanum Tungsten
Cerium Tungsten
Yttrium Tungsten
Others
Segment by Application
TIG Welding
Plasma Welding
Cutting
Thermal Spray
Others
By Company
Diamond Ground Products
E3
Weldstone
Winner Tungsten Product
Huntingdon Fusion Techniques
Wolfram Industrie
Metal Cutting
BGRIMM
ATTL Advanced Materials
SUNRAIN Tungsten
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
China is the largest market with about 77% market share. North America is follower, accounting for about 10% market share.
The key players are Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, Metal Cutting, BGRIMM, ATTL Advanced Materials, SUNRAIN Tungsten etc. Top 3 companies occupied about 46% market share.
Market Analysis and Insights: Global Tungsten Electrode Market
The global Tungsten Electrode market was valued at US$ 98.1 million in 2020 and it is expected to reach US$ 111.5 million by the end of 2027, growing at a CAGR of 1.8% during 2021-2027.
Global Tungsten Electrode Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Tungsten Electrode Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Pure Tungsten
Thoriated Tungsten
Lanthanum Tungsten
Cerium Tungsten
Yttrium Tungsten
Others
Segment by Application
TIG Welding
Plasma Welding
Cutting
Thermal Spray
Others
By Company
Diamond Ground Products
E3
Weldstone
Winner Tungsten Product
Huntingdon Fusion Techniques
Wolfram Industrie
Metal Cutting
BGRIMM
ATTL Advanced Materials
SUNRAIN Tungsten
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
