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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 (2017-2027); 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 2022-2027.
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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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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. |
*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 (2017-2021)
8.3 Global Tungsten Wire Market Forecast (2022-2027)
8.4 Global Tungsten Wire Market by Purity
8.4.1 Pure
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Alloyed
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Tungsten Wire Market by Type
8.5.1 Graphite
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Thoriated
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Rhenium
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Gold Plated
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Platinum Plated
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Aerospace and Defence
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Electronics and Semiconductors
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Energy
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Manufacturing
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Medical
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2017-2021)
8.6.6.3 Forecast Trend (2022-2027)
8.6.7 Mining and Construction
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2017-2021)
8.6.7.3 Forecast Trend (2022-2027)
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 (2017-2021)
9.1.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.2.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.3.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.4.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.5.2 Forecast Trend (2022-2027)
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 Key Indicators for Demand
10.4 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 (2017-2021) and Forecast (2022-2027)
13.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
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 Key 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), 2017-2021
3. Global Tungsten Wire Market Forecast: Breakup by Purity (USD Billion), 2022-2027
4. Global Tungsten Wire Historical Market: Breakup by Type (USD Billion), 2017-2021
5. Global Tungsten Wire Market Forecast: Breakup by Type (USD Billion), 2022-2027
6. Global Tungsten Wire Historical Market: Breakup by Application (USD Billion), 2017-2021
7. Global Tungsten Wire Market Forecast: Breakup by Application (USD Billion), 2022-2027
8. Global Tungsten Wire Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Tungsten Wire Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Tungsten Wire Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Tungsten Wire Market Forecast: Breakup by Country (USD Billion), 2022-2027
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 2017-2027
25. Europe Historical Price Trends and Forecast 2017-2027
26. Asia Pacific Historical Price Trends and Forecast 2017-2027
27. Latin America Historical Price Trends and Forecast 2017-2027
28. Middle East and Africa Historical Price Trends and Forecast 2017-2027
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 2022-2027.
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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