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Global Tungsten Electrode Market Research Report 2024
Synopsis
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.
The global Tungsten Electrode market was valued at US$ 100.2 million in 2023 and is anticipated to reach US$ 113.7 million by 2030, witnessing a CAGR of 1.8% during the forecast period 2024-2030.
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 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.
Report Scope
The Tungsten Electrode market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Tungsten Electrode market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Tungsten Electrode manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Diamond Ground Products
E3
Weldstone
Winner Tungsten Product
Huntingdon Fusion Techniques
Wolfram Industrie
Metal Cutting
BGRIMM
ATTL Advanced Materials
SUNRAIN Tungsten
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
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
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Tungsten Electrode manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Tungsten Electrode by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
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.
The global Tungsten Electrode market was valued at US$ 100.2 million in 2023 and is anticipated to reach US$ 113.7 million by 2030, witnessing a CAGR of 1.8% during the forecast period 2024-2030.
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 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.
Report Scope
The Tungsten Electrode market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Tungsten Electrode market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Tungsten Electrode manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Diamond Ground Products
E3
Weldstone
Winner Tungsten Product
Huntingdon Fusion Techniques
Wolfram Industrie
Metal Cutting
BGRIMM
ATTL Advanced Materials
SUNRAIN Tungsten
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
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
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Tungsten Electrode manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Tungsten Electrode by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
Index1 Tungsten Electrode Market Overview
1.1 Product Definition
1.2 Tungsten Electrode Segment by Type
1.2.1 Global Tungsten Electrode Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Pure Tungsten
1.2.3 Thoriated Tungsten
1.2.4 Lanthanum Tungsten
1.2.5 Cerium Tungsten
1.2.6 Yttrium Tungsten
1.2.7 Others
1.3 Tungsten Electrode Segment by Application
1.3.1 Global Tungsten Electrode Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 TIG Welding
1.3.3 Plasma Welding
1.3.4 Cutting
1.3.5 Thermal Spray
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Tungsten Electrode Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Tungsten Electrode Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Tungsten Electrode Production Estimates and Forecasts (2019-2030)
1.4.4 Global Tungsten Electrode Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Tungsten Electrode Production Market Share by Manufacturers (2019-2024)
2.2 Global Tungsten Electrode Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Tungsten Electrode, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Tungsten Electrode Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Tungsten Electrode Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Tungsten Electrode, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Tungsten Electrode, Product Offered and Application
2.8 Global Key Manufacturers of Tungsten Electrode, Date of Enter into This Industry
2.9 Tungsten Electrode Market Competitive Situation and Trends
2.9.1 Tungsten Electrode Market Concentration Rate
2.9.2 Global 5 and 10 Largest Tungsten Electrode Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Tungsten Electrode Production by Region
3.1 Global Tungsten Electrode Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Tungsten Electrode Production Value by Region (2019-2030)
3.2.1 Global Tungsten Electrode Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Tungsten Electrode by Region (2025-2030)
3.3 Global Tungsten Electrode Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Tungsten Electrode Production by Region (2019-2030)
3.4.1 Global Tungsten Electrode Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Tungsten Electrode by Region (2025-2030)
3.5 Global Tungsten Electrode Market Price Analysis by Region (2019-2024)
3.6 Global Tungsten Electrode Production and Value, Year-over-Year Growth
3.6.1 North America Tungsten Electrode Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Tungsten Electrode Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Tungsten Electrode Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Tungsten Electrode Production Value Estimates and Forecasts (2019-2030)
4 Tungsten Electrode Consumption by Region
4.1 Global Tungsten Electrode Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Tungsten Electrode Consumption by Region (2019-2030)
4.2.1 Global Tungsten Electrode Consumption by Region (2019-2024)
4.2.2 Global Tungsten Electrode Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Tungsten Electrode Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Tungsten Electrode Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Tungsten Electrode Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Tungsten Electrode Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Tungsten Electrode Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Tungsten Electrode Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Tungsten Electrode Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Tungsten Electrode Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Tungsten Electrode Production by Type (2019-2030)
5.1.1 Global Tungsten Electrode Production by Type (2019-2024)
5.1.2 Global Tungsten Electrode Production by Type (2025-2030)
5.1.3 Global Tungsten Electrode Production Market Share by Type (2019-2030)
5.2 Global Tungsten Electrode Production Value by Type (2019-2030)
5.2.1 Global Tungsten Electrode Production Value by Type (2019-2024)
5.2.2 Global Tungsten Electrode Production Value by Type (2025-2030)
5.2.3 Global Tungsten Electrode Production Value Market Share by Type (2019-2030)
5.3 Global Tungsten Electrode Price by Type (2019-2030)
6 Segment by Application
6.1 Global Tungsten Electrode Production by Application (2019-2030)
6.1.1 Global Tungsten Electrode Production by Application (2019-2024)
6.1.2 Global Tungsten Electrode Production by Application (2025-2030)
6.1.3 Global Tungsten Electrode Production Market Share by Application (2019-2030)
6.2 Global Tungsten Electrode Production Value by Application (2019-2030)
6.2.1 Global Tungsten Electrode Production Value by Application (2019-2024)
6.2.2 Global Tungsten Electrode Production Value by Application (2025-2030)
6.2.3 Global Tungsten Electrode Production Value Market Share by Application (2019-2030)
6.3 Global Tungsten Electrode Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Diamond Ground Products
7.1.1 Diamond Ground Products Tungsten Electrode Corporation Information
7.1.2 Diamond Ground Products Tungsten Electrode Product Portfolio
7.1.3 Diamond Ground Products Tungsten Electrode Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Diamond Ground Products Main Business and Markets Served
7.1.5 Diamond Ground Products Recent Developments/Updates
7.2 E3
7.2.1 E3 Tungsten Electrode Corporation Information
7.2.2 E3 Tungsten Electrode Product Portfolio
7.2.3 E3 Tungsten Electrode Production, Value, Price and Gross Margin (2019-2024)
7.2.4 E3 Main Business and Markets Served
7.2.5 E3 Recent Developments/Updates
7.3 Weldstone
7.3.1 Weldstone Tungsten Electrode Corporation Information
7.3.2 Weldstone Tungsten Electrode Product Portfolio
7.3.3 Weldstone Tungsten Electrode Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Weldstone Main Business and Markets Served
7.3.5 Weldstone Recent Developments/Updates
7.4 Winner Tungsten Product
7.4.1 Winner Tungsten Product Tungsten Electrode Corporation Information
7.4.2 Winner Tungsten Product Tungsten Electrode Product Portfolio
7.4.3 Winner Tungsten Product Tungsten Electrode Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Winner Tungsten Product Main Business and Markets Served
7.4.5 Winner Tungsten Product Recent Developments/Updates
7.5 Huntingdon Fusion Techniques
7.5.1 Huntingdon Fusion Techniques Tungsten Electrode Corporation Information
7.5.2 Huntingdon Fusion Techniques Tungsten Electrode Product Portfolio
7.5.3 Huntingdon Fusion Techniques Tungsten Electrode Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Huntingdon Fusion Techniques Main Business and Markets Served
7.5.5 Huntingdon Fusion Techniques Recent Developments/Updates
7.6 Wolfram Industrie
7.6.1 Wolfram Industrie Tungsten Electrode Corporation Information
7.6.2 Wolfram Industrie Tungsten Electrode Product Portfolio
7.6.3 Wolfram Industrie Tungsten Electrode Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Wolfram Industrie Main Business and Markets Served
7.6.5 Wolfram Industrie Recent Developments/Updates
7.7 Metal Cutting
7.7.1 Metal Cutting Tungsten Electrode Corporation Information
7.7.2 Metal Cutting Tungsten Electrode Product Portfolio
7.7.3 Metal Cutting Tungsten Electrode Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Metal Cutting Main Business and Markets Served
7.7.5 Metal Cutting Recent Developments/Updates
7.8 BGRIMM
7.8.1 BGRIMM Tungsten Electrode Corporation Information
7.8.2 BGRIMM Tungsten Electrode Product Portfolio
7.8.3 BGRIMM Tungsten Electrode Production, Value, Price and Gross Margin (2019-2024)
7.8.4 BGRIMM Main Business and Markets Served
7.7.5 BGRIMM Recent Developments/Updates
7.9 ATTL Advanced Materials
7.9.1 ATTL Advanced Materials Tungsten Electrode Corporation Information
7.9.2 ATTL Advanced Materials Tungsten Electrode Product Portfolio
7.9.3 ATTL Advanced Materials Tungsten Electrode Production, Value, Price and Gross Margin (2019-2024)
7.9.4 ATTL Advanced Materials Main Business and Markets Served
7.9.5 ATTL Advanced Materials Recent Developments/Updates
7.10 SUNRAIN Tungsten
7.10.1 SUNRAIN Tungsten Tungsten Electrode Corporation Information
7.10.2 SUNRAIN Tungsten Tungsten Electrode Product Portfolio
7.10.3 SUNRAIN Tungsten Tungsten Electrode Production, Value, Price and Gross Margin (2019-2024)
7.10.4 SUNRAIN Tungsten Main Business and Markets Served
7.10.5 SUNRAIN Tungsten Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Tungsten Electrode Industry Chain Analysis
8.2 Tungsten Electrode Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Tungsten Electrode Production Mode & Process
8.4 Tungsten Electrode Sales and Marketing
8.4.1 Tungsten Electrode Sales Channels
8.4.2 Tungsten Electrode Distributors
8.5 Tungsten Electrode Customers
9 Tungsten Electrode Market Dynamics
9.1 Tungsten Electrode Industry Trends
9.2 Tungsten Electrode Market Drivers
9.3 Tungsten Electrode Market Challenges
9.4 Tungsten Electrode Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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