Global Tungsten Electrode Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Tungsten Electrode Industry Forecast” looks at past sales and reviews total world Tungsten Electrode sales in 2022, providing a comprehensive analysis by region and market sector of projected Tungsten Electrode sales for 2023 through 2029. With Tungsten Electrode sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tungsten Electrode industry.

This Insight Report provides a comprehensive analysis of the global Tungsten Electrode landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tungsten Electrode portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Tungsten Electrode market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tungsten Electrode and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tungsten Electrode.

The global Tungsten Electrode market size is projected to grow from US$ 98 million in 2022 to US$ 111.6 million in 2029; it is expected to grow at a CAGR of 111.6 from 2023 to 2029.

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 presents a comprehensive overview, market shares, and growth opportunities of Tungsten Electrode market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Pure Tungsten
    Thoriated Tungsten
    Lanthanum Tungsten
    Cerium Tungsten
    Yttrium Tungsten
    Others

Segmentation by application
    TIG Welding
    Plasma Welding
    Cutting
    Thermal Spray
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Diamond Ground Products
    E3
    Weldstone
    Winner Tungsten Product
    Huntingdon Fusion Techniques
    Wolfram Industrie
    Metal Cutting
    BGRIMM
    ATTL Advanced Materials
    SUNRAIN Tungsten

Key Questions Addressed in this Report
What is the 10-year outlook for the global Tungsten Electrode market?
What factors are driving Tungsten Electrode market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tungsten Electrode market opportunities vary by end market size?
How does Tungsten Electrode break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. Tungsten Electrode Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. Tungsten Electrode Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of Pure Tungsten
    Table 4. Major Players of Thoriated Tungsten
    Table 5. Major Players of Lanthanum Tungsten
    Table 6. Major Players of Cerium Tungsten
    Table 7. Major Players of Yttrium Tungsten
    Table 8. Major Players of Others
    Table 9. Global Tungsten Electrode Sales by Type (2018-2023) & (MT)
    Table 10. Global Tungsten Electrode Sales Market Share by Type (2018-2023)
    Table 11. Global Tungsten Electrode Revenue by Type (2018-2023) & ($ million)
    Table 12. Global Tungsten Electrode Revenue Market Share by Type (2018-2023)
    Table 13. Global Tungsten Electrode Sale Price by Type (2018-2023) & (USD/MT)
    Table 14. Global Tungsten Electrode Sales by Application (2018-2023) & (MT)
    Table 15. Global Tungsten Electrode Sales Market Share by Application (2018-2023)
    Table 16. Global Tungsten Electrode Revenue by Application (2018-2023)
    Table 17. Global Tungsten Electrode Revenue Market Share by Application (2018-2023)
    Table 18. Global Tungsten Electrode Sale Price by Application (2018-2023) & (USD/MT)
    Table 19. Global Tungsten Electrode Sales by Company (2018-2023) & (MT)
    Table 20. Global Tungsten Electrode Sales Market Share by Company (2018-2023)
    Table 21. Global Tungsten Electrode Revenue by Company (2018-2023) ($ Millions)
    Table 22. Global Tungsten Electrode Revenue Market Share by Company (2018-2023)
    Table 23. Global Tungsten Electrode Sale Price by Company (2018-2023) & (USD/MT)
    Table 24. Key Manufacturers Tungsten Electrode Producing Area Distribution and Sales Area
    Table 25. Players Tungsten Electrode Products Offered
    Table 26. Tungsten Electrode Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 27. New Products and Potential Entrants
    Table 28. Mergers & Acquisitions, Expansion
    Table 29. Global Tungsten Electrode Sales by Geographic Region (2018-2023) & (MT)
    Table 30. Global Tungsten Electrode Sales Market Share Geographic Region (2018-2023)
    Table 31. Global Tungsten Electrode Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 32. Global Tungsten Electrode Revenue Market Share by Geographic Region (2018-2023)
    Table 33. Global Tungsten Electrode Sales by Country/Region (2018-2023) & (MT)
    Table 34. Global Tungsten Electrode Sales Market Share by Country/Region (2018-2023)
    Table 35. Global Tungsten Electrode Revenue by Country/Region (2018-2023) & ($ millions)
    Table 36. Global Tungsten Electrode Revenue Market Share by Country/Region (2018-2023)
    Table 37. Americas Tungsten Electrode Sales by Country (2018-2023) & (MT)
    Table 38. Americas Tungsten Electrode Sales Market Share by Country (2018-2023)
    Table 39. Americas Tungsten Electrode Revenue by Country (2018-2023) & ($ Millions)
    Table 40. Americas Tungsten Electrode Revenue Market Share by Country (2018-2023)
    Table 41. Americas Tungsten Electrode Sales by Type (2018-2023) & (MT)
    Table 42. Americas Tungsten Electrode Sales by Application (2018-2023) & (MT)
    Table 43. APAC Tungsten Electrode Sales by Region (2018-2023) & (MT)
    Table 44. APAC Tungsten Electrode Sales Market Share by Region (2018-2023)
    Table 45. APAC Tungsten Electrode Revenue by Region (2018-2023) & ($ Millions)
    Table 46. APAC Tungsten Electrode Revenue Market Share by Region (2018-2023)
    Table 47. APAC Tungsten Electrode Sales by Type (2018-2023) & (MT)
    Table 48. APAC Tungsten Electrode Sales by Application (2018-2023) & (MT)
    Table 49. Europe Tungsten Electrode Sales by Country (2018-2023) & (MT)
    Table 50. Europe Tungsten Electrode Sales Market Share by Country (2018-2023)
    Table 51. Europe Tungsten Electrode Revenue by Country (2018-2023) & ($ Millions)
    Table 52. Europe Tungsten Electrode Revenue Market Share by Country (2018-2023)
    Table 53. Europe Tungsten Electrode Sales by Type (2018-2023) & (MT)
    Table 54. Europe Tungsten Electrode Sales by Application (2018-2023) & (MT)
    Table 55. Middle East & Africa Tungsten Electrode Sales by Country (2018-2023) & (MT)
    Table 56. Middle East & Africa Tungsten Electrode Sales Market Share by Country (2018-2023)
    Table 57. Middle East & Africa Tungsten Electrode Revenue by Country (2018-2023) & ($ Millions)
    Table 58. Middle East & Africa Tungsten Electrode Revenue Market Share by Country (2018-2023)
    Table 59. Middle East & Africa Tungsten Electrode Sales by Type (2018-2023) & (MT)
    Table 60. Middle East & Africa Tungsten Electrode Sales by Application (2018-2023) & (MT)
    Table 61. Key Market Drivers & Growth Opportunities of Tungsten Electrode
    Table 62. Key Market Challenges & Risks of Tungsten Electrode
    Table 63. Key Industry Trends of Tungsten Electrode
    Table 64. Tungsten Electrode Raw Material
    Table 65. Key Suppliers of Raw Materials
    Table 66. Tungsten Electrode Distributors List
    Table 67. Tungsten Electrode Customer List
    Table 68. Global Tungsten Electrode Sales Forecast by Region (2024-2029) & (MT)
    Table 69. Global Tungsten Electrode Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 70. Americas Tungsten Electrode Sales Forecast by Country (2024-2029) & (MT)
    Table 71. Americas Tungsten Electrode Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 72. APAC Tungsten Electrode Sales Forecast by Region (2024-2029) & (MT)
    Table 73. APAC Tungsten Electrode Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 74. Europe Tungsten Electrode Sales Forecast by Country (2024-2029) & (MT)
    Table 75. Europe Tungsten Electrode Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 76. Middle East & Africa Tungsten Electrode Sales Forecast by Country (2024-2029) & (MT)
    Table 77. Middle East & Africa Tungsten Electrode Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 78. Global Tungsten Electrode Sales Forecast by Type (2024-2029) & (MT)
    Table 79. Global Tungsten Electrode Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 80. Global Tungsten Electrode Sales Forecast by Application (2024-2029) & (MT)
    Table 81. Global Tungsten Electrode Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 82. Diamond Ground Products Basic Information, Tungsten Electrode Manufacturing Base, Sales Area and Its Competitors
    Table 83. Diamond Ground Products Tungsten Electrode Product Portfolios and Specifications
    Table 84. Diamond Ground Products Tungsten Electrode Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 85. Diamond Ground Products Main Business
    Table 86. Diamond Ground Products Latest Developments
    Table 87. E3 Basic Information, Tungsten Electrode Manufacturing Base, Sales Area and Its Competitors
    Table 88. E3 Tungsten Electrode Product Portfolios and Specifications
    Table 89. E3 Tungsten Electrode Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 90. E3 Main Business
    Table 91. E3 Latest Developments
    Table 92. Weldstone Basic Information, Tungsten Electrode Manufacturing Base, Sales Area and Its Competitors
    Table 93. Weldstone Tungsten Electrode Product Portfolios and Specifications
    Table 94. Weldstone Tungsten Electrode Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 95. Weldstone Main Business
    Table 96. Weldstone Latest Developments
    Table 97. Winner Tungsten Product Basic Information, Tungsten Electrode Manufacturing Base, Sales Area and Its Competitors
    Table 98. Winner Tungsten Product Tungsten Electrode Product Portfolios and Specifications
    Table 99. Winner Tungsten Product Tungsten Electrode Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 100. Winner Tungsten Product Main Business
    Table 101. Winner Tungsten Product Latest Developments
    Table 102. Huntingdon Fusion Techniques Basic Information, Tungsten Electrode Manufacturing Base, Sales Area and Its Competitors
    Table 103. Huntingdon Fusion Techniques Tungsten Electrode Product Portfolios and Specifications
    Table 104. Huntingdon Fusion Techniques Tungsten Electrode Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 105. Huntingdon Fusion Techniques Main Business
    Table 106. Huntingdon Fusion Techniques Latest Developments
    Table 107. Wolfram Industrie Basic Information, Tungsten Electrode Manufacturing Base, Sales Area and Its Competitors
    Table 108. Wolfram Industrie Tungsten Electrode Product Portfolios and Specifications
    Table 109. Wolfram Industrie Tungsten Electrode Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 110. Wolfram Industrie Main Business
    Table 111. Wolfram Industrie Latest Developments
    Table 112. Metal Cutting Basic Information, Tungsten Electrode Manufacturing Base, Sales Area and Its Competitors
    Table 113. Metal Cutting Tungsten Electrode Product Portfolios and Specifications
    Table 114. Metal Cutting Tungsten Electrode Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 115. Metal Cutting Main Business
    Table 116. Metal Cutting Latest Developments
    Table 117. BGRIMM Basic Information, Tungsten Electrode Manufacturing Base, Sales Area and Its Competitors
    Table 118. BGRIMM Tungsten Electrode Product Portfolios and Specifications
    Table 119. BGRIMM Tungsten Electrode Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 120. BGRIMM Main Business
    Table 121. BGRIMM Latest Developments
    Table 122. ATTL Advanced Materials Basic Information, Tungsten Electrode Manufacturing Base, Sales Area and Its Competitors
    Table 123. ATTL Advanced Materials Tungsten Electrode Product Portfolios and Specifications
    Table 124. ATTL Advanced Materials Tungsten Electrode Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 125. ATTL Advanced Materials Main Business
    Table 126. ATTL Advanced Materials Latest Developments
    Table 127. SUNRAIN Tungsten Basic Information, Tungsten Electrode Manufacturing Base, Sales Area and Its Competitors
    Table 128. SUNRAIN Tungsten Tungsten Electrode Product Portfolios and Specifications
    Table 129. SUNRAIN Tungsten Tungsten Electrode Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 130. SUNRAIN Tungsten Main Business
    Table 131. SUNRAIN Tungsten Latest Developments
List of Figures
    Figure 1. Picture of Tungsten Electrode
    Figure 2. Tungsten Electrode Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global Tungsten Electrode Sales Growth Rate 2018-2029 (MT)
    Figure 7. Global Tungsten Electrode Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. Tungsten Electrode Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of Pure Tungsten
    Figure 10. Product Picture of Thoriated Tungsten
    Figure 11. Product Picture of Lanthanum Tungsten
    Figure 12. Product Picture of Cerium Tungsten
    Figure 13. Product Picture of Yttrium Tungsten
    Figure 14. Product Picture of Others
    Figure 15. Global Tungsten Electrode Sales Market Share by Type in 2022
    Figure 16. Global Tungsten Electrode Revenue Market Share by Type (2018-2023)
    Figure 17. Tungsten Electrode Consumed in TIG Welding
    Figure 18. Global Tungsten Electrode Market: TIG Welding (2018-2023) & (MT)
    Figure 19. Tungsten Electrode Consumed in Plasma Welding
    Figure 20. Global Tungsten Electrode Market: Plasma Welding (2018-2023) & (MT)
    Figure 21. Tungsten Electrode Consumed in Cutting
    Figure 22. Global Tungsten Electrode Market: Cutting (2018-2023) & (MT)
    Figure 23. Tungsten Electrode Consumed in Thermal Spray
    Figure 24. Global Tungsten Electrode Market: Thermal Spray (2018-2023) & (MT)
    Figure 25. Tungsten Electrode Consumed in Others
    Figure 26. Global Tungsten Electrode Market: Others (2018-2023) & (MT)
    Figure 27. Global Tungsten Electrode Sales Market Share by Application (2022)
    Figure 28. Global Tungsten Electrode Revenue Market Share by Application in 2022
    Figure 29. Tungsten Electrode Sales Market by Company in 2022 (MT)
    Figure 30. Global Tungsten Electrode Sales Market Share by Company in 2022
    Figure 31. Tungsten Electrode Revenue Market by Company in 2022 ($ Million)
    Figure 32. Global Tungsten Electrode Revenue Market Share by Company in 2022
    Figure 33. Global Tungsten Electrode Sales Market Share by Geographic Region (2018-2023)
    Figure 34. Global Tungsten Electrode Revenue Market Share by Geographic Region in 2022
    Figure 35. Americas Tungsten Electrode Sales 2018-2023 (MT)
    Figure 36. Americas Tungsten Electrode Revenue 2018-2023 ($ Millions)
    Figure 37. APAC Tungsten Electrode Sales 2018-2023 (MT)
    Figure 38. APAC Tungsten Electrode Revenue 2018-2023 ($ Millions)
    Figure 39. Europe Tungsten Electrode Sales 2018-2023 (MT)
    Figure 40. Europe Tungsten Electrode Revenue 2018-2023 ($ Millions)
    Figure 41. Middle East & Africa Tungsten Electrode Sales 2018-2023 (MT)
    Figure 42. Middle East & Africa Tungsten Electrode Revenue 2018-2023 ($ Millions)
    Figure 43. Americas Tungsten Electrode Sales Market Share by Country in 2022
    Figure 44. Americas Tungsten Electrode Revenue Market Share by Country in 2022
    Figure 45. Americas Tungsten Electrode Sales Market Share by Type (2018-2023)
    Figure 46. Americas Tungsten Electrode Sales Market Share by Application (2018-2023)
    Figure 47. United States Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 48. Canada Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 49. Mexico Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 50. Brazil Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 51. APAC Tungsten Electrode Sales Market Share by Region in 2022
    Figure 52. APAC Tungsten Electrode Revenue Market Share by Regions in 2022
    Figure 53. APAC Tungsten Electrode Sales Market Share by Type (2018-2023)
    Figure 54. APAC Tungsten Electrode Sales Market Share by Application (2018-2023)
    Figure 55. China Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 56. Japan Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 57. South Korea Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 58. Southeast Asia Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 59. India Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 60. Australia Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 61. China Taiwan Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 62. Europe Tungsten Electrode Sales Market Share by Country in 2022
    Figure 63. Europe Tungsten Electrode Revenue Market Share by Country in 2022
    Figure 64. Europe Tungsten Electrode Sales Market Share by Type (2018-2023)
    Figure 65. Europe Tungsten Electrode Sales Market Share by Application (2018-2023)
    Figure 66. Germany Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 67. France Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 68. UK Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 69. Italy Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 70. Russia Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 71. Middle East & Africa Tungsten Electrode Sales Market Share by Country in 2022
    Figure 72. Middle East & Africa Tungsten Electrode Revenue Market Share by Country in 2022
    Figure 73. Middle East & Africa Tungsten Electrode Sales Market Share by Type (2018-2023)
    Figure 74. Middle East & Africa Tungsten Electrode Sales Market Share by Application (2018-2023)
    Figure 75. Egypt Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 76. South Africa Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 77. Israel Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 78. Turkey Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 79. GCC Country Tungsten Electrode Revenue Growth 2018-2023 ($ Millions)
    Figure 80. Manufacturing Cost Structure Analysis of Tungsten Electrode in 2022
    Figure 81. Manufacturing Process Analysis of Tungsten Electrode
    Figure 82. Industry Chain Structure of Tungsten Electrode
    Figure 83. Channels of Distribution
    Figure 84. Global Tungsten Electrode Sales Market Forecast by Region (2024-2029)
    Figure 85. Global Tungsten Electrode Revenue Market Share Forecast by Region (2024-2029)
    Figure 86. Global Tungsten Electrode Sales Market Share Forecast by Type (2024-2029)
    Figure 87. Global Tungsten Electrode Revenue Market Share Forecast by Type (2024-2029)
    Figure 88. Global Tungsten Electrode Sales Market Share Forecast by Application (2024-2029)
    Figure 89. Global Tungsten Electrode Revenue Market Share Forecast by Application (2024-2029)

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

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape