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Tungsten Electrode Market By Product Type: Global Opportunity Analysis and Industry Forecast, 2024-2030

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    Report

  • 300 Pages
  • June 2024
  • Region: Global
  • Allied Market Research
  • ID: 5994046
Description Jump to:
The global tungsten electrode market was valued at $103.8 million in 2023, and is projected to reach $123.8 million by 2030, growing at a CAGR of 2.6% from 2024 to 2030.

A tungsten electrode is a crucial component in various industrial processes, particularly in welding. Tungsten electrodes come in various compositions, with the most common being pure tungsten or alloys blended with other elements such as thorium, cerium, or lanthanum. Each composition offers unique advantages, such as improved stability of the arc, increased resistance to contamination, and enhanced longevity. The selection of a specific tungsten electrode composition depends on the welding process, material, and desired outcome, highlighting the versatility and adaptability of tungsten in meeting diverse industrial requirements.

The growth of the tungsten electrode market is driven by innovations in welding technologies, such as Tungsten Inert Gas (TIG) welding, that heavily rely on tungsten electrodes, leading to an increased demand for these electrodes. Tungsten's exceptional properties, such as its high melting point (3422°C), excellent electrical conductivity, and resistance to thermal deformation, make it an ideal material for welding applications. These characteristics enable tungsten electrodes to generate a stable arc and consistent heat input, which are crucial for achieving precise and strong welds, particularly in industries that require high precision such as aerospace, automotive, and medical device manufacturing. Moreover, flexibility of TIG welding, which is used with various metals including stainless steel, aluminum, and magnesium, emphasizes the need for high-quality tungsten electrodes. The demand for tungsten electrodes has been boosted by advancements in TIG welding technology, such as inverter-based power sources, which enhance control over the welding process, resulting in improved weld quality and efficiency.

However, high initial cost of tungsten electrodes stands out as a substantial restraint in the growth of the market, posing challenges for industries and businesses seeking cost-effective solutions for welding applications. On the other hand, rise in demand for automated welding systems presents a lucrative opportunity for the market to grow. Automated welding systems are designed to perform welding operations with minimal human intervention. integration of artificial intelligence (AI) and advanced robotics in welding systems enhances the precision and adaptability of automated welding. For instance, in April 2022, ABB introduced the IRB 5710 and 5720 robots, designed for welding and available in eight configurations with payloads from 70 kg to 180 kg and reaching between 2.3 to 3 meters. These robots are versatile, and suitable for tasks such as material handling, machine tending, assembly, and specialized electric vehicle manufacturing processes, including battery module selection and placement, high-precision assembly, and component handling.

Segmentation Overview

The tungsten electrode market is segmented into product type, application, and region. By product type, the market is divided into pure tungsten, thoriated tungsten, lanthanum tungsten, cerium tungsten, and others. Depending on the application, it is categorized into TIG welding, plasma welding, thermal spray and cutting. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

By product type, the pure tungsten electrodes segment is expected to remain the largest type throughout the forecast period.

Depending on the application, the tungsten inert gas (TIG) welding segment is expected to lead the market during the projection period.

Region wise, Asia-Pacific is expected to dominate the tungsten electrode market during the forecast period.

Competitive Analysis

The major market players in the tungsten electrode market include Diamond Ground Products, Astaras, Inc., Weldstone, Winner Tungsten Products Co. Ltd., Huntingdon Fusion Techniques, Metal Cutting, BGRIMM, Advanced Materials Science & Technology Co., Ltd., Sunrain Tungsten, and ATTL Advanced Materials Co., Ltd. These players have made continuous efforts to differentiate themselves with others by inculcating several tactics such as mergers & acquisitions, product innovation & development, and collaborations.

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Key Market Segments

By Product Type

  • Pure Tungsten
  • Thoriated Tungsten
  • Lanthanum Tungsten
  • Cerium Tungsten
  • Others

By Application

  • TIG Welding
  • Plasma Welding
  • Thermal Spray
  • Cutting

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Thailand
  • Malaysia
  • Indonesia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Argentina
  • Rest of LAMEA
Key Market Players
  • Diamond Ground Products
  • Astaras, Inc.
  • Weldstone
  • Winner Tungsten Products Co. Ltd.
  • Huntingdon Fusion Techniques
  • Metal Cutting
  • BGRIMM
  • Advanced Materials Science & Technology Co., Ltd.
  • Sunrain Tungsten
  • ATTL Advanced Materials Co., Ltd

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET LANDSCAPE
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
CHAPTER 4: TUNGSTEN ELECTRODE MARKET, BY PRODUCT TYPE
4.1. Market Overview
4.1.1 Market Size and Forecast, By Product Type
4.2. Pure Tungsten
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, By Region
4.2.3. Market Share Analysis, By Country
4.3. Thoriated Tungsten
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, By Region
4.3.3. Market Share Analysis, By Country
4.4. Lanthanum Tungsten
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast, By Region
4.4.3. Market Share Analysis, By Country
4.5. Cerium Tungsten
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast, By Region
4.5.3. Market Share Analysis, By Country
4.6. Others
4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast, By Region
4.6.3. Market Share Analysis, By Country
CHAPTER 5: TUNGSTEN ELECTRODE MARKET, BY APPLICATION
5.1. Market Overview
5.1.1 Market Size and Forecast, By Application
5.2. TIG Welding
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, By Region
5.2.3. Market Share Analysis, By Country
5.3. Plasma Welding
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, By Region
5.3.3. Market Share Analysis, By Country
5.4. Thermal Spray
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, By Region
5.4.3. Market Share Analysis, By Country
5.5. Cutting
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast, By Region
5.5.3. Market Share Analysis, By Country
CHAPTER 6: TUNGSTEN ELECTRODE MARKET, BY REGION
6.1. Market Overview
6.1.1 Market Size and Forecast, By Region
6.2. North America
6.2.1. Key Market Trends and Opportunities
6.2.2. Market Size and Forecast, By Product Type
6.2.3. Market Size and Forecast, By Application
6.2.4. Market Size and Forecast, By Country
6.2.5. U.S. Tungsten Electrode Market
6.2.5.1. Market Size and Forecast, By Product Type
6.2.5.2. Market Size and Forecast, By Application
6.2.6. Canada Tungsten Electrode Market
6.2.6.1. Market Size and Forecast, By Product Type
6.2.6.2. Market Size and Forecast, By Application
6.2.7. Mexico Tungsten Electrode Market
6.2.7.1. Market Size and Forecast, By Product Type
6.2.7.2. Market Size and Forecast, By Application
6.3. Europe
6.3.1. Key Market Trends and Opportunities
6.3.2. Market Size and Forecast, By Product Type
6.3.3. Market Size and Forecast, By Application
6.3.4. Market Size and Forecast, By Country
6.3.5. France Tungsten Electrode Market
6.3.5.1. Market Size and Forecast, By Product Type
6.3.5.2. Market Size and Forecast, By Application
6.3.6. Germany Tungsten Electrode Market
6.3.6.1. Market Size and Forecast, By Product Type
6.3.6.2. Market Size and Forecast, By Application
6.3.7. Italy Tungsten Electrode Market
6.3.7.1. Market Size and Forecast, By Product Type
6.3.7.2. Market Size and Forecast, By Application
6.3.8. Spain Tungsten Electrode Market
6.3.8.1. Market Size and Forecast, By Product Type
6.3.8.2. Market Size and Forecast, By Application
6.3.9. UK Tungsten Electrode Market
6.3.9.1. Market Size and Forecast, By Product Type
6.3.9.2. Market Size and Forecast, By Application
6.3.10. Russia Tungsten Electrode Market
6.3.10.1. Market Size and Forecast, By Product Type
6.3.10.2. Market Size and Forecast, By Application
6.3.11. Rest of Europe Tungsten Electrode Market
6.3.11.1. Market Size and Forecast, By Product Type
6.3.11.2. Market Size and Forecast, By Application
6.4. Asia-Pacific
6.4.1. Key Market Trends and Opportunities
6.4.2. Market Size and Forecast, By Product Type
6.4.3. Market Size and Forecast, By Application
6.4.4. Market Size and Forecast, By Country
6.4.5. China Tungsten Electrode Market
6.4.5.1. Market Size and Forecast, By Product Type
6.4.5.2. Market Size and Forecast, By Application
6.4.6. Japan Tungsten Electrode Market
6.4.6.1. Market Size and Forecast, By Product Type
6.4.6.2. Market Size and Forecast, By Application
6.4.7. India Tungsten Electrode Market
6.4.7.1. Market Size and Forecast, By Product Type
6.4.7.2. Market Size and Forecast, By Application
6.4.8. South Korea Tungsten Electrode Market
6.4.8.1. Market Size and Forecast, By Product Type
6.4.8.2. Market Size and Forecast, By Application
6.4.9. Australia Tungsten Electrode Market
6.4.9.1. Market Size and Forecast, By Product Type
6.4.9.2. Market Size and Forecast, By Application
6.4.10. Thailand Tungsten Electrode Market
6.4.10.1. Market Size and Forecast, By Product Type
6.4.10.2. Market Size and Forecast, By Application
6.4.11. Malaysia Tungsten Electrode Market
6.4.11.1. Market Size and Forecast, By Product Type
6.4.11.2. Market Size and Forecast, By Application
6.4.12. Indonesia Tungsten Electrode Market
6.4.12.1. Market Size and Forecast, By Product Type
6.4.12.2. Market Size and Forecast, By Application
6.4.13. Rest of Asia-Pacific Tungsten Electrode Market
6.4.13.1. Market Size and Forecast, By Product Type
6.4.13.2. Market Size and Forecast, By Application
6.5. LAMEA
6.5.1. Key Market Trends and Opportunities
6.5.2. Market Size and Forecast, By Product Type
6.5.3. Market Size and Forecast, By Application
6.5.4. Market Size and Forecast, By Country
6.5.5. Brazil Tungsten Electrode Market
6.5.5.1. Market Size and Forecast, By Product Type
6.5.5.2. Market Size and Forecast, By Application
6.5.6. South Africa Tungsten Electrode Market
6.5.6.1. Market Size and Forecast, By Product Type
6.5.6.2. Market Size and Forecast, By Application
6.5.7. Saudi Arabia Tungsten Electrode Market
6.5.7.1. Market Size and Forecast, By Product Type
6.5.7.2. Market Size and Forecast, By Application
6.5.8. UAE Tungsten Electrode Market
6.5.8.1. Market Size and Forecast, By Product Type
6.5.8.2. Market Size and Forecast, By Application
6.5.9. Argentina Tungsten Electrode Market
6.5.9.1. Market Size and Forecast, By Product Type
6.5.9.2. Market Size and Forecast, By Application
6.5.10. Rest of LAMEA Tungsten Electrode Market
6.5.10.1. Market Size and Forecast, By Product Type
6.5.10.2. Market Size and Forecast, By Application
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top Winning Strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top Player Positioning, 2023
CHAPTER 8: COMPANY PROFILES
8.1. Diamond Ground Products
8.1.1. Company Overview
8.1.2. Key Executives
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. Business Performance
8.1.7. Key Strategic Moves and Developments
8.2. Astaras, Inc.
8.2.1. Company Overview
8.2.2. Key Executives
8.2.3. Company Snapshot
8.2.4. Operating Business Segments
8.2.5. Product Portfolio
8.2.6. Business Performance
8.2.7. Key Strategic Moves and Developments
8.3. Weldstone
8.3.1. Company Overview
8.3.2. Key Executives
8.3.3. Company Snapshot
8.3.4. Operating Business Segments
8.3.5. Product Portfolio
8.3.6. Business Performance
8.3.7. Key Strategic Moves and Developments
8.4. Winner Tungsten Products Co. Ltd.
8.4.1. Company Overview
8.4.2. Key Executives
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. Business Performance
8.4.7. Key Strategic Moves and Developments
8.5. Huntingdon Fusion Techniques
8.5.1. Company Overview
8.5.2. Key Executives
8.5.3. Company Snapshot
8.5.4. Operating Business Segments
8.5.5. Product Portfolio
8.5.6. Business Performance
8.5.7. Key Strategic Moves and Developments
8.6. Metal Cutting
8.6.1. Company Overview
8.6.2. Key Executives
8.6.3. Company Snapshot
8.6.4. Operating Business Segments
8.6.5. Product Portfolio
8.6.6. Business Performance
8.6.7. Key Strategic Moves and Developments
8.7. BGRIMM
8.7.1. Company Overview
8.7.2. Key Executives
8.7.3. Company Snapshot
8.7.4. Operating Business Segments
8.7.5. Product Portfolio
8.7.6. Business Performance
8.7.7. Key Strategic Moves and Developments
8.8. Advanced Materials Science And Technology Co., Ltd.
8.8.1. Company Overview
8.8.2. Key Executives
8.8.3. Company Snapshot
8.8.4. Operating Business Segments
8.8.5. Product Portfolio
8.8.6. Business Performance
8.8.7. Key Strategic Moves and Developments
8.9. Sunrain Tungsten
8.9.1. Company Overview
8.9.2. Key Executives
8.9.3. Company Snapshot
8.9.4. Operating Business Segments
8.9.5. Product Portfolio
8.9.6. Business Performance
8.9.7. Key Strategic Moves and Developments
8.10. ATTL Advanced Materials Co., Ltd
8.10.1. Company Overview
8.10.2. Key Executives
8.10.3. Company Snapshot
8.10.4. Operating Business Segments
8.10.5. Product Portfolio
8.10.6. Business Performance
8.10.7. Key Strategic Moves and Developments
LIST OF TABLES
Table 1. Global Tungsten Electrode Market, by Product Type, 2024 - 2030 ($Million)
Table 2. Tungsten Electrode Market for Pure Tungsten, by Region, 2024 - 2030 ($Million)
Table 3. Tungsten Electrode Market for Thoriated Tungsten, by Region, 2024 - 2030 ($Million)
Table 4. Tungsten Electrode Market for Lanthanum Tungsten, by Region, 2024 - 2030 ($Million)
Table 5. Tungsten Electrode Market for Cerium Tungsten, by Region, 2024 - 2030 ($Million)
Table 6. Tungsten Electrode Market for Others, by Region, 2024 - 2030 ($Million)
Table 7. Global Tungsten Electrode Market, by Application, 2024 - 2030 ($Million)
Table 8. Tungsten Electrode Market for Tig Welding, by Region, 2024 - 2030 ($Million)
Table 9. Tungsten Electrode Market for Plasma Welding, by Region, 2024 - 2030 ($Million)
Table 10. Tungsten Electrode Market for Thermal Spray, by Region, 2024 - 2030 ($Million)
Table 11. Tungsten Electrode Market for Cutting, by Region, 2024 - 2030 ($Million)
Table 12. Tungsten Electrode Market, by Region, 2024 - 2030 ($Million)
Table 13. North America Tungsten Electrode, by Country, 2024 - 2030 ($Million)
Table 14. North America Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 15. North America Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 16. U.S. Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 17. U.S. Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 18. Canada Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 19. Canada Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 20. Mexico Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 21. Mexico Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 22. Europe Tungsten Electrode, by Country, 2024 - 2030 ($Million)
Table 23. Europe Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 24. Europe Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 25. France Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 26. France Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 27. Germany Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 28. Germany Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 29. Italy Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 30. Italy Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 31. Spain Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 32. Spain Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 33. UK Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 34. UK Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 35. Russia Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 36. Russia Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 37. Rest of Europe Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 38. Rest of Europe Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 39. Asia-Pacific Tungsten Electrode, by Country, 2024 - 2030 ($Million)
Table 40. Asia-Pacific Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 41. Asia-Pacific Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 42. China Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 43. China Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 44. Japan Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 45. Japan Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 46. India Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 47. India Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 48. South Korea Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 49. South Korea Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 50. Australia Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 51. Australia Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 52. Thailand Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 53. Thailand Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 54. Malaysia Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 55. Malaysia Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 56. Indonesia Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 57. Indonesia Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 58. Rest of Asia-Pacific Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 59. Rest of Asia-Pacific Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 60. LAMEA Tungsten Electrode, by Country, 2024 - 2030 ($Million)
Table 61. LAMEA Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 62. LAMEA Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 63. Brazil Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 64. Brazil Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 65. South Africa Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 66. South Africa Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 67. Saudi Arabia Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 68. Saudi Arabia Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 69. UAE Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 70. UAE Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 71. Argentina Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 72. Argentina Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 73. Rest of LAMEA Tungsten Electrode, by Product Type, 2024 - 2030 ($Million)
Table 74. Rest of LAMEA Tungsten Electrode, by Application, 2024 - 2030 ($Million)
Table 75. Diamond Ground Products: Key Executives
Table 76. Diamond Ground Products: Company Snapshot
Table 77. Diamond Ground Products: Operating Segments
Table 78. Diamond Ground Products: Product Portfolio
Table 79. Diamond Ground Products: Key Strategic Moves and Developments
Table 80. Astaras, Inc.: Key Executives
Table 81. Astaras, Inc.: Company Snapshot
Table 82. Astaras, Inc.: Operating Segments
Table 83. Astaras, Inc.: Product Portfolio
Table 84. Astaras, Inc.: Key Strategic Moves and Developments
Table 85. Weldstone: Key Executives
Table 86. Weldstone: Company Snapshot
Table 87. Weldstone: Operating Segments
Table 88. Weldstone: Product Portfolio
Table 89. Weldstone: Key Strategic Moves and Developments
Table 90. Winner Tungsten Products Co. Ltd.: Key Executives
Table 91. Winner Tungsten Products Co. Ltd.: Company Snapshot
Table 92. Winner Tungsten Products Co. Ltd.: Operating Segments
Table 93. Winner Tungsten Products Co. Ltd.: Product Portfolio
Table 94. Winner Tungsten Products Co. Ltd.: Key Strategic Moves and Developments
Table 95. Huntingdon Fusion Techniques: Key Executives
Table 96. Huntingdon Fusion Techniques: Company Snapshot
Table 97. Huntingdon Fusion Techniques: Operating Segments
Table 98. Huntingdon Fusion Techniques: Product Portfolio
Table 99. Huntingdon Fusion Techniques: Key Strategic Moves and Developments
Table 100. Metal Cutting: Key Executives
Table 101. Metal Cutting: Company Snapshot
Table 102. Metal Cutting: Operating Segments
Table 103. Metal Cutting: Product Portfolio
Table 104. Metal Cutting: Key Strategic Moves and Developments
Table 105. Bgrimm: Key Executives
Table 106. Bgrimm: Company Snapshot
Table 107. Bgrimm: Operating Segments
Table 108. Bgrimm: Product Portfolio
Table 109. Bgrimm: Key Strategic Moves and Developments
Table 110. Advanced Materials Science and Technology Co. Ltd.: Key Executives
Table 111. Advanced Materials Science and Technology Co. Ltd.: Company Snapshot
Table 112. Advanced Materials Science and Technology Co. Ltd.: Operating Segments
Table 113. Advanced Materials Science and Technology Co. Ltd.: Product Portfolio
Table 114. Advanced Materials Science and Technology Co. Ltd.: Key Strategic Moves and Developments
Table 115. Sunrain Tungsten: Key Executives
Table 116. Sunrain Tungsten: Company Snapshot
Table 117. Sunrain Tungsten: Operating Segments
Table 118. Sunrain Tungsten: Product Portfolio
Table 119. Sunrain Tungsten: Key Strategic Moves and Developments
Table 120. Attl Advanced Materials Co. Ltd.: Key Executives
Table 121. Attl Advanced Materials Co. Ltd.: Company Snapshot
Table 122. Attl Advanced Materials Co. Ltd.: Operating Segments
Table 123. Attl Advanced Materials Co. Ltd.: Product Portfolio
Table 124. Attl Advanced Materials Co. Ltd.: Key Strategic Moves and Developments
LIST OF FIGURES
Figure 1. Global Tungsten Electrode Market, 2024 - 2030
Figure 2. Segmentation of Tungsten Electrode Market, 2024 - 2030
Figure 3. Top Investment Pocket in Tungsten Electrode Market
Figure 4. Moderate Bargaining Power of Buyers
Figure 5. Moderate Bargaining Power of Suppliers
Figure 6. Moderate Threat of New Entrants
Figure 7. Low Threat of Substitution
Figure 8. High Competitive Rivalry
Figure 9. Opportunities, Restraints and Drivers: Globaltungsten Electrode Market
Figure 10. Global Tungsten Electrode Market Segmentation, by Product Type
Figure 11. Tungsten Electrode Market for Pure Tungsten, by Country, 2024 - 2030 ($Million)
Figure 12. Tungsten Electrode Market for Thoriated Tungsten, by Country, 2024 - 2030 ($Million)
Figure 13. Tungsten Electrode Market for Lanthanum Tungsten, by Country, 2024 - 2030 ($Million)
Figure 14. Tungsten Electrode Market for Cerium Tungsten, by Country, 2024 - 2030 ($Million)
Figure 15. Tungsten Electrode Market for Others, by Country, 2024 - 2030 ($Million)
Figure 16. Global Tungsten Electrode Market Segmentation, by Application
Figure 17. Tungsten Electrode Market for Tig Welding, by Country, 2024 - 2030 ($Million)
Figure 18. Tungsten Electrode Market for Plasma Welding, by Country, 2024 - 2030 ($Million)
Figure 19. Tungsten Electrode Market for Thermal Spray, by Country, 2024 - 2030 ($Million)
Figure 20. Tungsten Electrode Market for Cutting, by Country, 2024 - 2030 ($Million)
Figure 21. Top Winning Strategies, by Year, 2021-2023*
Figure 22. Top Winning Strategies, by Development, 2021-2023*
Figure 23. Top Winning Strategies, by Company, 2021-2023*
Figure 24. Product Mapping of Top 10 Players
Figure 25. Competitive Dashboard
Figure 26. Competitive Heatmap: Tungsten Electrode Market
Figure 27. Top Player Positioning, 2023
Figure 28. Diamond Ground Products: Net Sales, 2021-2023 ($Million)
Figure 29. Diamond Ground Products: Revenue Share, by Segment, 2023 (%)
Figure 30. Diamond Ground Products: Revenue Share, by Region, 2023 (%)
Figure 31. Astaras, Inc.: Net Sales, 2021-2023 ($Million)
Figure 32. Astaras, Inc.: Revenue Share, by Segment, 2023 (%)
Figure 33. Astaras, Inc.: Revenue Share, by Region, 2023 (%)
Figure 34. Weldstone: Net Sales, 2021-2023 ($Million)
Figure 35. Weldstone: Revenue Share, by Segment, 2023 (%)
Figure 36. Weldstone: Revenue Share, by Region, 2023 (%)
Figure 37. Winner Tungsten Products Co. Ltd.: Net Sales, 2021-2023 ($Million)
Figure 38. Winner Tungsten Products Co. Ltd.: Revenue Share, by Segment, 2023 (%)
Figure 39. Winner Tungsten Products Co. Ltd.: Revenue Share, by Region, 2023 (%)
Figure 40. Huntingdon Fusion Techniques: Net Sales, 2021-2023 ($Million)
Figure 41. Huntingdon Fusion Techniques: Revenue Share, by Segment, 2023 (%)
Figure 42. Huntingdon Fusion Techniques: Revenue Share, by Region, 2023 (%)
Figure 43. Metal Cutting: Net Sales, 2021-2023 ($Million)
Figure 44. Metal Cutting: Revenue Share, by Segment, 2023 (%)
Figure 45. Metal Cutting: Revenue Share, by Region, 2023 (%)
Figure 46. Bgrimm: Net Sales, 2021-2023 ($Million)
Figure 47. Bgrimm: Revenue Share, by Segment, 2023 (%)
Figure 48. Bgrimm: Revenue Share, by Region, 2023 (%)
Figure 49. Advanced Materials Science and Technology Co. Ltd.: Net Sales, 2021-2023 ($Million)
Figure 50. Advanced Materials Science and Technology Co. Ltd.: Revenue Share, by Segment, 2023 (%)
Figure 51. Advanced Materials Science and Technology Co. Ltd.: Revenue Share, by Region, 2023 (%)
Figure 52. Sunrain Tungsten: Net Sales, 2021-2023 ($Million)
Figure 53. Sunrain Tungsten: Revenue Share, by Segment, 2023 (%)
Figure 54. Sunrain Tungsten: Revenue Share, by Region, 2023 (%)
Figure 55. Attl Advanced Materials Co. Ltd.: Net Sales, 2021-2023 ($Million)
Figure 56. Attl Advanced Materials Co. Ltd.: Revenue Share, by Segment, 2023 (%)
Figure 57. Attl Advanced Materials Co. Ltd.: Revenue Share, by Region, 2023 (%)

Companies Mentioned

Key Market Players in the Tungsten Electrode Market include:
  • Diamond Ground Products
  • Astaras, Inc.
  • Weldstone
  • Winner Tungsten Products Co. Ltd.
  • Huntingdon Fusion Techniques
  • Metal Cutting
  • BGRIMM
  • Advanced Materials Science & Technology Co., Ltd.
  • Sunrain Tungsten
  • ATTL Advanced Materials Co., Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages300
PublishedJune 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 103.8 million
Forecasted Market Value ( USD ) by 2030 $ 123.8 million
Compound Annual Growth Rate2.6%
Regions CoveredGlobal
No. of Companies Mentioned11

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