Los Angeles, CA -- (SBWIRE) -- 02/15/2019 -- 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.
The global Tungsten Electrode market is valued at 93 million US$ in 2018 is expected to reach 110 million US$ by the end of 2025, growing at a CAGR of 2.0% during 2019-2025.
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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.
This report focuses on Tungsten Electrode volume and value at global level, regional level and company level. From a global perspective, this report represents overall Tungsten Electrode market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Diamond Ground Products
Winner Tungsten Product
Huntingdon Fusion Techniques
ATTL Advanced Materials
Segment by Regions
Segment by Type
Segment by Application
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