Tungsten Electrodes Market - Global Industry Analysis 2015 - 2019 and Opportunity Assessment; 2020 - 2028


Tungsten Electrodes  Market
  • To Be Published : Feb-2021 |
  • Status : Work in progress |
  • Format : Tungsten Electrodes  Market Tungsten Electrodes  Market Tungsten Electrodes  Market Tungsten Electrodes  Market

Tungsten Electrodes Market: Introduction

Electrode is a solid electric conductor that transmit electric current into non-metallic component in electric circuit, usually they are good electric conductors and are of two type cathode and anode. Tungsten is a metal found in 1781, having highest melting point and lowest vapor pressure than all other metals. Tungsten has outstanding corrosion resistance and hardness.

Tungsten is used as an electrode because of its high melting point (3,4100C), conductivity and relative chemical inertness. There are various types of tungsten electrodes used generally such as cerium tungsten, pure tungsten and thoriated tungsten. Tungsten electrodes are manufactured by powder metallurgy and formed to size after sintering. The various tungsten oxides are used as electrodes for instance, thoriated electrode contain thorium oxide. Tungsten electrodes find application in tungsten inert gas (TIG) welding, plasma welding, cutting, thermal spray and in batteries also.  

In 1940, tungsten electrodes were firstly used in gas arc welding where they were used for the accurate joining of critical components which need exact heat input. Tungsten electrodes channel the current essential to create an arc in the welding process and also it tolerates very high temperatures with minimal melting.

Tungsten electrodes are commonly available from 0.5 to 6.4 mm diameter and 150 - 200 mm length in market. The current carrying capacity of tungsten electrodes basically depends upon whether it is connected to positive or negative terminal of DC power source. Tungsten electrode are also used in batteries with lead oxide.

Tungsten Electrodes Market: Dynamics

Driver- Tungsten electrodes market is largely driven by the growth of the welding industry. TIG welding is a key driver for tungsten electrode market growth. As TIG welding is mostly used in automotive & aviation industry, which is anticipated to create substantial opportunity for global tungsten electrodes market. Globally the arc welding market shows significantly growth because of which the tungsten electrodes market demand is also projected to increase.

Tungsten electrodes have fastest growing application in plasma welding owing to the increasing demand of non-radioactive, heat and rust resistant electrodes. Tungsten electrodes market also grows due to increasing demand in thermal spray coating as demand for such coating is rising from various industries.  

Semiconductor and printed circuit board industry are the major new opportunity areas for the tungsten electrodes market. Cerium tungsten electrodes have wide application in electronics and manufacturing sector which is likely to create new avenues for the global tungsten electrode market in near future. Lack of availability of skillful labor may restrain the market growth of tungsten electrodes. The global covid-19 pandemic has had significant negative impact on the tungsten electrodes market, with widespread disruption in automotive & other industrial production affecting demand.

Trend- The major success of tungsten electrodes is owing to application in processes which are used for joining dissimilar and non-metallic material, shape and design which bring new surge in Welding Industry. The use of robots in TIG welding is key trends observed in tungsten electrodes market.

Tungsten Electrodes Market segmentation:

The global tungsten electrode market segmented by types, end use and region:

 Tungsten electrode market is segmented by product type:

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

 Tungsten electrode market is segmented by end use:

  • TIG Welding
  • Thermal Spray
  • Plasma Welding
  • Cutting

Tungsten Electrodes Regional Outlook: North America is one of the most significant regional markets for the growth of tungsten electrodes. The automotive industry is a key driver of the tungsten electrodes market in North America, particularly in the U.S.

Europe is second largest market following North America for tungsten electrodes due to increasing use of TIG and plasma welding applications in the leading industrial economies such as Germany. Asia Pacific market shows significantly growth in forecast period owing to the fast growing adoption of new industrial technologies and fast growth in automotive and electronic industries.

Key Participants:

  • Diamond Ground Products
  • ATTL Advanced Materials
  • Weldstone
  • Huntingdon Fusion Techniques
  • Wolfram Industry
  • Winner Tungsten Product
  • Metal Cutting
  • BGRIMM
  • SUNRAIN Tungsten

The Market report of Tungsten Electrodes covers exhaustive analysis on,

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand Scenario
  • Current Trends/Issues/Challenges in Tungsten Electrodes market
  • Competition & Companies involved in Tungsten Electrodes  market
  • Technology used in Tungsten Electrodes  Market
  • Value Chain

Regional analysis includes,

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
  • Eastern Europe (Russia, Poland, CIS)
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Tungsten Electrodes Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Tungsten Electrodes market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Tungsten Electrodes market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing Tungsten Electrodes  market dynamics in the industry
  • In-depth Tungsten Electrodes  market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape in Tungsten Electrodes  market
  • Strategies of key players and products offered in Tungsten Electrodes  market
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Tungsten Electrodes  market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect the formal positions or views of the company.

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