Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Tungsten Electrode, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tungsten Electrode. This report contains market size and forecasts of Tungsten Electrode in global, including the following market information:
Global Tungsten Electrode Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Tungsten Electrode Market Sales, 2018-2023, 2024-2029, (MT)
Global top five Tungsten Electrode companies in 2022 (%)
The global Tungsten Electrode market was valued at US$ 103.1 million in 2022 and is projected to reach US$ 116.2 million by 2029, at a CAGR of 1.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Tungsten Electrode manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Tungsten Electrode Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Tungsten Electrode Market Segment Percentages, by Type, 2022 (%)
Pure Tungsten
Thoriated Tungsten
Lanthanum Tungsten
Cerium Tungsten
Yttrium Tungsten
Others
Global Tungsten Electrode Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Tungsten Electrode Market Segment Percentages, by Application, 2022 (%)
TIG Welding
Plasma Welding
Cutting
Thermal Spray
Others
Global Tungsten Electrode Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Tungsten Electrode Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Tungsten Electrode revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Tungsten Electrode revenues share in global market, 2022 (%)
Key companies Tungsten Electrode sales in global market, 2018-2023 (Estimated), (MT)
Key companies Tungsten Electrode sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Diamond Ground Products
E3
Weldstone
Winner Tungsten Product
Huntingdon Fusion Techniques
Wolfram Industrie
Metal Cutting
BGRIMM
ATTL Advanced Materials
SUNRAIN Tungsten
Outline of Major Chapters:
Chapter 1: Introduces the definition of Tungsten Electrode, market overview.
Chapter 2: Global Tungsten Electrode market size in revenue and volume.
Chapter 3: Detailed analysis of Tungsten Electrode manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Tungsten Electrode in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Tungsten Electrode capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
