Industry Background:
Tungsten Electrodes are industrial materials which are manufactured using the powder metallurgy. Further the sintering process is used to forge them into a size. The tungsten electrodes market can segmented on the basis of pure tungsten, thoriated tungsten, cerium tungsten, lanthanum tungsten, and other popular tungsten materials. The most popular application of tungsten electrodes is TIG Welding, and plasma welding, while other applications include thermal spray and cutting. Although certain processes in tungsten electrodes manufacturing, such as grinding of thoriated tungsten leads to formulation of radioactive dust which is hazardous in nature. Currently, North America is the dominant most market of the tungsten electrodes.This growth is primarily driven by Rapid Industrialization and Growing Demand from End User Industries
.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Key Companies in Study | Huntingdon Fusion Techniques (United Kingdom), Astaras, Inc. (United States), Diamond Ground Products (United States), Weldstone GmbH (Germany), BGRIMM Advanced Materials Science & Technology Co., Ltd. (China), ATTL Advanced Materials Co., Ltd. (China), Winner Tungsten Products Co. Ltd. (China), Sunrain Tungsten Industry Co., Ltd. (China), Metal Cutting Corporation (United States) and Sai - Weld India (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electronic Equipment & Instruments sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Huntingdon Fusion Techniques (United Kingdom), Astaras, Inc. (United States), Diamond Ground Products (United States), Weldstone GmbH (Germany), BGRIMM Advanced Materials Science & Technology Co., Ltd. (China), ATTL Advanced Materials Co., Ltd. (China), Winner Tungsten Products Co. Ltd. (China), Sunrain Tungsten Industry Co., Ltd. (China), Metal Cutting Corporation (United States) and Sai - Weld India (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In 2019, Arc Machines, Inc., a United States leading provider of advanced range of automated orbital welding equipment has announced launch of its new orbistar tungsten electrodes, which the company states bolsters the orbital tig equipment performance. The product was created in collaboration with Wolfram Industrie, a premium tungsten and molybdenum material manufacturer. Due to its purity, controlled grain size, and production method, among other factors, the product enables exceptional arc stability and arc initiating performance.Rapid Industrialisation and growing demand for Tungsten electrodes from the end user industry has led to the growth of market. Welding industry has played a major role in the acceleration of the tungsten electrodes market. Although high competition and certain hazards associated with tungsten electrode manufacturing has affected growth prospectus of the product. Geographically, North America region accounts for largest market share.
Market Drivers
- Rapid Industrialization and Growing Demand from End User Industries
- Growth in Welding Industry has been Significant for the Progress of Tungsten Electrodes
Market Trend
- Plasma Welding is rising in Popularity in Recent Years
Restraints
- Manufacturing of Tungsten Electrodes leads to Creation of Radioactive Dust, thus posing a Potential Hazard
Opportunities
Tungsten Electrodes Market have Huge Hope from Applications in Semiconductor and Printed Circuit Board Industry
Challenges
Large Number of Players Present in Market thus pertaining to Intense Competition
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Tungsten Electrodes Study Sheds Light on
The Tungsten Electrodes Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Tungsten Electrodes industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Tungsten Electrodes industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.