Reports

Tungsten Wire Market

Global Tungsten Wire Market: By Purity: Pure, Alloyed; By Type: Graphite, Thoriated, Rhenium, Gold Plated, Platinum Plated, Others; By Application: Automotive, Aerospace and Defence, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Tungsten Wire Market Outlook

The global tungsten wire market is expected to grow at a CAGR of 4% in the forecast period of 2023-2028.

 

Global Tungsten Wire Market

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Increasing Demand in the Medical Sector to Augment the Tungsten Wire Industry Growth

Based on application, the medical segment accounts for a significant share in the tungsten wire industry. This can be attributed to the increasing utilisation of surgical robots in the medical industry. Within the medical sector, surgical robots are anticipated to witness a robust demand. Tungsten wire is used in surgical robots for several reasons like wrist/elbow mechanism and arm movement, among others. Moreover, tungsten wire can play the role of a substitute for steel wires that are used in surgical robot arms. Furthermore, tungsten wires ensure the long life of surgical robots owing to the wires’ low risk of thermal stress. This is contributing to the growth of the medical applications of tungsten wire.

 

The Asia Pacific to Provide Enhanced Growth Opportunities to the Tungsten Wire Industry

Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period owing to the presence of vast reserves of tungsten powder in the region. Moreover, the rapidly growing medical industry in the region is likely to shoot up the demand for tungsten powder as it finds many applications in the industry. For instance, tungsten wires are used in x-ray machines because of its high melting point and high density. Furthermore, a common trend being observed in the region is the development of economical and customised tungsten wire.

 

Tungsten Wire: Market Segmentation

Tungsten is a rare metal that has the highest melting point among all the metals. Tungsten wire possesses great value in the medical industry. This can be attributed to its applications like neural probing and brain stimulation. Moreover, tungsten wire acts as an economical substitute to many refractory metals in case of steerable guide wires, owing to its high tensile strength.

 

Global Tungsten Wire Market By Application

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By purity, the market is divided into:

  • Pure
  • Alloyed

Based on type, the industry can be segmented into:

  • Graphite
  • Thoriated
  • Rhenium
  • Gold Plated
  • Platinum Plated
  • Others

The market is divided based on application into:

  • Automotive
  • Aerospace and Defence
  • Electronics and Semiconductors
  • Energy
  • Manufacturing
  • Medical
  • Mining and Construction
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Tungsten Wire Market By Region

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Increasing Demand from Downstream Markets to Bolster the Growth of the Tungsten Wire Industry

Tungsten wire has a wide range applications in several industries, including automotive, electronics and semiconductors, medical, and others. It is widely used in lamps, heaters, electrodes, and printers. Moreover, filaments made of tungsten are used as ultrahigh temperature halogen lamps and as thermionic emitters. Furthermore, tungsten sheets and plates are used in heaters, heat spreaders, sintering boats, spacers, weights, and various types of jigs and tools. In addition, tungsten sheets are used during the production of sintering boats due to their fine cutting, blending, and sputtering abilities. Hence, increasing demand for tungsten from all these application sectors is expected to be a key driver for the market. Over the forecast period, the adoption of advanced technology is anticipated to drive the growth of the tungsten wire industry. The recent developments like the scanning electron microscope technology can go a long way in development of the industry as a whole.

 

Key Industry Players in the Global Tungsten Wire Market

The report gives a detailed analysis of the following key players in the global tungsten wire market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Luma Metall AB
  • Sumitomo Electric Industries, Ltd.
  • Nippon Tungsten Co., Ltd.
  • Tungsram Operations, Ltd.
  • Metal Cutting Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Purity, Type, Application, Region
Breakup by Purity Pure, Alloyed
Breakup by Type Graphite, Thoriated, Rhenium, Gold Plated, Platinum Plated, Others
Breakup by Application Automotive, Aerospace and Defence, Electronics and Semiconductors, Energy, Manufacturing, Medical, Mining and Construction, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends-Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Luma Metall AB, Sumitomo Electric Industries, Ltd., Nippon Tungsten Co., Ltd., Tungsram Operations, Ltd., Metal Cutting Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Tungsten Wire Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Tungsten Wire Historical Market (2018-2022) 
    8.3    Global Tungsten Wire Market Forecast (2023-2028)
    8.4    Global Tungsten Wire Market by Purity
        8.4.1    Pure
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Alloyed
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Tungsten Wire Market by Type
        8.5.1    Graphite
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Thoriated
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Rhenium
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Gold Plated
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Platinum Plated
            8.5.5.1    Historical Trend (2018-2022)
            8.5.5.2    Forecast Trend (2023-2028)
        8.5.6    Others
    8.6    Global Tungsten Wire Market by Application
        8.6.1    Automotive
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Aerospace and Defence
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Electronics and Semiconductors
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Energy
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Manufacturing
            8.6.5.1    Historical Trend (2018-2022)
            8.6.5.2    Forecast Trend (2023-2028)
        8.6.6    Medical
            8.6.6.1    Historical Trend (2018-2022)
            8.6.6.2    Forecast Trend (2023-2028)
        8.6.7    Mining and Construction
            8.6.7.1    Historical Trend (2018-2022)
            8.6.7.2    Forecast Trend (2023-2028)
        8.6.8    Others    
    8.7    Global Tungsten Wire Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Tungsten Wire Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Tungsten Wire Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Tungsten Wire Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Tungsten Wire Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Tungsten Wire Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis
    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Price Analysis
    17.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Luma Metall AB
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Sumitomo Electric Industries, Ltd
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Nippon Tungsten Co., Ltd.
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Tungsram Operations Ltd
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Metal Cutting Corporation
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Others
19    Key Trends and Developments in the Market


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Tungsten Wire Market: Key Industry Highlights, 2018 and 2028
2.    Global Tungsten Wire Historical Market: Breakup by Purity (USD Billion), 2018-2022
3.    Global Tungsten Wire Market Forecast: Breakup by Purity (USD Billion), 2023-2028
4.    Global Tungsten Wire Historical Market: Breakup by Type (USD Billion), 2018-2022
5.    Global Tungsten Wire Market Forecast: Breakup by Type (USD Billion), 2023-2028
6.    Global Tungsten Wire Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Tungsten Wire Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Tungsten Wire Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Tungsten Wire Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Major Importing Countries by Volume (2020)
21.    Major Exporting Countries by Volume (2020)
22.    Major Importing Countries by Value (2020)
23.    Major Exporting Countries by Value (2020)
24.    North America Historical Price Trends and Forecast 2018-2028
25.    Europe Historical Price Trends and Forecast 2018-2028
26.    Asia Pacific Historical Price Trends and Forecast 2018-2028
27.    Latin America Historical Price Trends and Forecast 2018-2028
28.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
29.    Global Tungsten Wire Market Structure

Key Questions Answered in the Report

What is the growth rate of the market?

The market is projected to grow at a CAGR of 4% between 2023 and 2028.

What are the major industry drivers?

The major drivers of the market include rising population, growing urbanisation, rising awareness about its uses, and the increasing demand in the medical sector.

What are the key industry trends of the global tungsten wire market?

Increasing demand from downstream markets is the key industry trend propelling the growth of the market.

What are the major regional markets of tungsten wire, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the purity types for the industry?

The types of purity can be divided into pure and alloyed.

What are the types of the product available in the market?

The type of the product can be divided into graphite, thoriated, rhenium, gold plated, and platinum plated, among others.

What are the application sectors for the product?

The product finds wide applications in automotive, aerospace and defence, electronics and semiconductors, energy, manufacturing, medical, and mining and construction, among others.

Who are the key industry players, according to the report?

The major players in the industry are Luma Metall AB, Sumitomo Electric Industries Ltd., Nippon Tungsten Co. Ltd., Tungsram Operations Ltd., and Metal Cutting Corporation, among others.

Analyst Review

The tungsten wire market is anticipated to be driven by the increasing demand from downstream markets. The market is expected to further grow at a CAGR of 4% in the forecast period of 2023-2028.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By purity, the market is divided into pure, and alloyed. On the basis of type, the market is segmented into graphite, thoriated, rhenium, gold plated, platinum plated, and others. By application, the market is categorised into automotive, aerospace and defence, electronics and semiconductors, energy, manufacturing, medical, mining and construction, and others. The major regional markets for tungsten wire are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Luma Metall AB, Sumitomo Electric Industries Ltd., Nippon Tungsten Co. Ltd., Tungsram Operations Ltd., and Metal Cutting Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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