Global Tungsten Electrode Market Growth 2023-2029

Global Tungsten Electrode Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Tungsten Electrode Industry Forecast” looks at past sales and reviews total world Tungsten Electrode sales in 2022, providing a comprehensive analysis by region and market sector of projected Tungsten Electrode sales for 2023 through 2029. With Tungsten Electrode sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tungsten Electrode industry.

This Insight Report provides a comprehensive analysis of the global Tungsten Electrode landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tungsten Electrode portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Tungsten Electrode market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tungsten Electrode and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tungsten Electrode.

The global Tungsten Electrode market size is projected to grow from US$ 98 million in 2022 to US$ 111.6 million in 2029; it is expected to grow at a CAGR of 111.6 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Tungsten Electrode market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Pure Tungsten
Thoriated Tungsten
Lanthanum Tungsten
Cerium Tungsten
Yttrium Tungsten
Others

Segmentation by application
TIG Welding
Plasma Welding
Cutting
Thermal Spray
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Diamond Ground Products
E3
Weldstone
Winner Tungsten Product
Huntingdon Fusion Techniques
Wolfram Industrie
Metal Cutting
BGRIMM
ATTL Advanced Materials
SUNRAIN Tungsten

Key Questions Addressed in this Report

What is the 10-year outlook for the global Tungsten Electrode market?

What factors are driving Tungsten Electrode market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Tungsten Electrode market opportunities vary by end market size?

How does Tungsten Electrode break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.