Selbyville, DE -- (SBWIRE) -- 06/04/2019 -- According to this study, over the next five years the Tungsten Electrode market will register a 1.8% CAGR in terms of revenue, the global market size will reach US$ 100 million by 2024, from US$ 93 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Tungsten Electrode business, shared in Chapter 3.

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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.

Tungsten Electrode downstream is wide and recently Tungsten Electrode has acquired increasing significance in various fields of TIG Welding, Plasma Welding, Cutting, Thermal Spray and Other Application. The Tungsten Electrode market is mainly driven by growing demand for TIG Welding which account for nearly 41.09% of total downstream consumption of Tungsten Electrode in global in 2016.

Based on types of Tungsten Electrode available in the market, the report mainly separates the market into Pure Tungsten, Thoriated Tungsten, Lanthanum Tungsten, Cerium Tungsten, Yttrium Tungsten and Others. The market for Thoriated Tungsten accounted for the largest market share in 2016.

At present, the major players of Tungsten Electrode are BGRIMM, ATTL Advanced Materials, Winner Tungsten Product, Weldstone, E3, Metal Cutting, Wolfram Industrie, Diamond Ground Products, SUNRAIN Tungsten, Huntingdon Fusion Techniques, etc. The top five of them is holding more than 57% sales market share in 2016.

A brief run-through of the industry segmentation encompassed in the Tungsten Electrode market report:
Competitive landscape:

Companies involved: Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, Metal Cutting, BGRIMM, ATTL Advanced Materials and SUNRAIN Tungsten

Vital pointers enumerated:
- Sales area
- Distribution
- Company profile
- Company overview
- Products manufactured
- Price patterns
- Revenue procured
- Gross margins
- Product sales

The Tungsten Electrode market report provides an outline of the vendor landscape that includes companies such as Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, Metal Cutting, BGRIMM, ATTL Advanced Materials and SUNRAIN Tungsten. Parameters such as the distribution and sales area, alongside other pivotal details such as the firm profiling and overview have also been mentioned.

The study mentions the products manufactured by these esteemed companies as well the product price prototypes, profit margins, valuation accrued, and product sales.

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Geographical landscape:
Regions involved: USA, Europe, Japan, China, India, South East Asia

Vital pointers enumerated:
- Product consumption patterns
- Valuation that each of these regions account for in the industry
- Market share which every region holds
- Consumption market share across the geographies
- Product consumption growth rate
- Geographical consumption rate

Segmented into USA, Europe, Japan, China, India, South East Asia, as per the regional spectrum, the Tungsten Electrode market apparently covers most of the pivotal geographies, claims the report, which compiles a highly comprehensive analysis of the geographical arena, including details about the product consumption patterns, revenue procured, as well as the market share that each zone holds.

The study presents details regrading the consumption market share and product consumption growth rate of the regions in question, in tandem with the geographical consumption rate with regards to the products and the applications.

Product landscape
Product types involved: Pure Tungsten, Thoriated Tungsten, Lanthanum Tungsten, Cerium Tungsten, Yttrium Tungsten and Others

Vital pointers enumerated:
- Market share held by the product
- Projected valuation of each type
- Individual product consumption as per value and growth rate
- Sales value

The Tungsten Electrode market report enumerates information with respect to every product type among Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, Metal Cutting, BGRIMM, ATTL Advanced Materials and SUNRAIN Tungsten, elaborating on the market share accrued, projected remuneration of each type, and the consumption rate of each product.

Application landscape:
Application sectors involved: TIG Welding, Plasma Welding, Cutting, Thermal Spray and Others

Vital pointers enumerated:
- Market share held by each application segment
- Forecast valuation of each application
- Consumption patterns

The Tungsten Electrode market report, with respect to the application spectrum, splits the industry into TIG Welding, Plasma Welding, Cutting, Thermal Spray and Others, while enumerating details regarding the market share held by each application and the projected value of every segment by the end of the forecast duration.
The Tungsten Electrode market report also includes substantial information about the driving forces impacting the commercialization landscape of the industry as well as the latest trends prevailing in the market. Also included in the study is a list of the challenges that this industry will portray over the forecast period.
Other parameters like the market concentration ratio, enumerated with reference to numerous concentration classes over the projected timeline, have been presented as well, in the report.

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