Tungsten Wire Market Size, Share and Global Trend By Purity (Pure Tungsten Wire & Alloyed Tungsten Wire), By Wire Type (Graphite tungsten wire, White tungsten wire and others), By Industry vertical (Automotive , Aerospace & Defence and others) and Geography Forecast till 2025-2032

Tungsten also is known as wolfram, is a grayish-white metal having a shiny appearance with a right corrosion resistance property. Tungsten wires are widely used in its alloy form because pure tungsten is expensive and even difficult for machinery use. Tungsten wires consist parts of nickel, iron or copper added in pure form. Tungsten wires are uses as electrodes, heating elements, field emitters, filaments in light bulbs and cathode ray tubes. Further, tungsten wires are commonly used in heavy metal alloys to form wear-resistant coatings. Tungsten wires are available in various dimension range starting from 0.004mm (0.00015”) to – 0.55mm (0.0195”).

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Increasing the adoption of fine tungsten wire in a medical application such as in surgically operations, electrosurgery, Proton beam therapy, Stents, etc. are favoring the growth of the tungsten wire market. Other factors such as the growth of the semiconductor market, ICs market, growing end-use industries such as automotive industries and an increase in the demand of wear resistant materials are anticipated to boost the market.

KEY PLAYERS COVERED

Some of the key players in the tungsten wire market include Luma Metall AB, Metal Cutting Corporation, Midwest Tungsten Service, Edgetech Industries LLC, Nippon Tungsten Co., Ltd., Global Tungsten & Powders, Elmet Technologies, Stanford Material, LF Electrolumech India Pvt. Ltd.

SEGMENTATION

REGIONAL ANALYSIS

The Asia Pacific region is leading the global tungsten wire market, as China continues to be the leader in the supply and consumption of tungsten with over 75% of the global tungsten output annually. China ranks first with over 1,900,000 metric tons of reserves and is considered as the largest producer, exporter, and consumer of tungsten in 2018. Additional, India will represent a modest growth rate in the global tungsten wire market due to its expanding manufacturing sectors. Similarly, Latin America will witness an above average growth in the global tungsten market by its growing durable goods sector.