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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 (2016-2026); 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 2021-2026.

 

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: Industry Definition and Segmentation

Tungsten is a rare metal that has the highest melting point among all the elements that have ever been discovered. 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 industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Tungsten Wire Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Tungsten Wire Historical Market (2016-2020) 
    8.3    Global Tungsten Wire Market Forecast (2021-2026)
    8.4    Global Tungsten Wire Market by Purity
        8.4.1    Pure
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Alloyed
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Tungsten Wire Market by Type
        8.5.1    Graphite
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Thoriated
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Rhenium
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Gold Plated
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Platinum Plated
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Others
    8.6    Global Tungsten Wire Market by Application
        8.6.1    Automotive
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Aerospace and Defence
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Electronics and Semiconductors
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Energy
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Manufacturing
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Medical
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2016-2020)
            8.6.6.3    Forecast Trend (2021-2026)
        8.6.7    Mining and Construction
            8.6.7.1    Market Share
            8.6.7.2    Historical Trend (2016-2020)
            8.6.7.3    Forecast Trend (2021-2026)
        8.6.8    Others
    8.7    Global Tungsten Wire Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Importing Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Exporting Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Luma Metall AB
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Sumitomo Electric Industries, Ltd
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Nippon Tungsten Co., Ltd.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Tungsram Operations Ltd
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Metal Cutting Corporation
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments


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 Figures and Tables

1.    Global Tungsten Wire Market: Key Industry Highlights, 2016 and 2026
2.    Global Tungsten Wire Historical Market: Breakup by Purity (USD Billion), 2016-2020
3.    Global Tungsten Wire Market Forecast: Breakup by Purity (USD Billion), 2021-2026
4.    Global Tungsten Wire Historical Market: Breakup by Type (USD Billion), 2016-2020
5.    Global Tungsten Wire Market Forecast: Breakup by Type (USD Billion), 2021-2026
6.    Global Tungsten Wire Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global Tungsten Wire Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global Tungsten Wire Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Tungsten Wire Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2021-2026
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 2016-2026
25.    Europe Historical Price Trends and Forecast 2016-2026
26.    Asia Pacific Historical Price Trends and Forecast 2016-2026
27.    Latin America Historical Price Trends and Forecast 2016-2026
28.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
29.    Global Tungsten Wire Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 4% between 2021 and 2026.

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

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

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

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

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

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

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 2021-2026.

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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