Global Tungsten Wire Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Tungsten Wire Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Tungsten Wire market finds that the global Tungsten Wire market reached a value of USD 319.78 million in 2022. It’s expected that the market will achieve USD 369.41 million by 2028, exhibiting a CAGR of 2.43% during the forecast period.

Tungsten Wire is widely used in downstream markets.

The growth of global tungsten wire market is driven by its widespread application across various sectors such as electronics, automotive and semiconductor. Owing to its high melting point it finds application in ultrahigh heat lamps, thermionic emitter, and heating filaments. Additionally, owing to its more strength compared to steel it is finding its application in medical sector especially in surgical robots. Further, due to lower thermal stress makes it a viable option for non-corrosive applications. Moreover, the demand from shipping industry for tungsten-based alloy for utilisation in sintering the boats will bolster the growth.

The development of the semiconductor industry and the medical neuro field has promoted the vigorous development of tungsten wire probes.

The stiffness of tungsten wire even at very small diameters is a crucial factor in its use in various types of probes, including cantilever semiconductor test probes used for silicon wafer testing in semiconductor manufacturing. Stiffness is also an advantage in tungsten wire for neural probes used in medical diagnostics and treatment.

Therefore, with the development of the semiconductor industry and the advancement of medical technology in recent years, the tungsten wire probe market has been continuously growing.

Segmentation Overview:

Among different product types, Doped tungsten wire segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Lighting segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Tungsten Wire market covered in Chapter 3:

Plansee
Nippon Tungsten
CHEMETAL USA
Advent Research Materials Ltd
Rhenium Alloys, Inc.
Midwest Tungsten Service
Goodfellow
American Elements
Scientific Instrument Services
Metal Cutting Corporation
Yu Vacuum Electronic Materials Co., Ltd.
A.L.M.T. Corp.
Luma Metall
Elmet Technologies
LuoyangYamu Nonferrous Metals Co., Ltd.
Giant Metal
Ultra Minor Metals Ltd
MaTecK
MTI Corporation
Electron Microscopy Science

In Chapter 4 and Chapter 14.2, on the basis of types, the Tungsten Wire market from 2018 to 2029 is primarily split into:

Pure Tungsten Wire
Alloyed Tungsten Wire
Doped tungsten wire

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Tungsten Wire market from 2018 to 2029 covers:

Lighting
Electron Tubes
Electrodes
High-​temperature Furnace Parts
Probe Pins
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)