Market Overview:
The global lanthanum tungsten electrode market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lanthanum tungsten electrodes from various applications, such as TIG welding, plasma welding, cutting, thermal spray and others. Additionally, the growing demand for lanthanum tungsten electrodes from North America and Europe is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing lanthanum tungsten electrodes may restrain the growth of this market during the forecast period.
Product Definition:
A lanthanum tungsten electrode is a type of tungsten electrode that is composed of a mixture of lanthanum and tungsten. It can be used in various welding applications, including TIG (tungsten inert gas) welding.
Burnishing Electrode:
A burnishing electrode is a tool used to polish the surface of tungsten and platinum electrodes. It is made up of carbon, graphite or other material. The burnisher has an abrasive surface which is used to abrade the metal oxide layer present on the electrode's surface in order to make it flat and smooth.
Polishing Electrode:
Polishing electrode is a tool that is used in the preparation of surfaces of tungsten and lanthanum electrodes for carrying out electroplating process. It helps to remove scratches, dents, and abrasion from the surface of metal. Polishing also helps to improve conductivity between metal & glass as well as improves adhesion between glass & metal.
Application Insights:
TIG welding dominated the global lanthanum tungsten electrode market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period due to its rising use in applications, such as structural steel, high-alloyed steel and non-ferrous metal cutting. In addition, it has a wide range of application scope for TIG welding including base metals, ferrous and non-ferrous alloys and composites.
The plasma welding segment is also likely to register a considerable CAGR during the forecast period owing to its increasing use across various industries including aerospace & defense and energy generation sectors. Plasma can be used for joining or fabricating different materials that are difficult or impossible to weld using other techniques such as flame cutting or friction stir drilling methods due to their higher melting points or corrosion resistance properties respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing demand for electric vehicles, rising industrialization, and growing construction industry in emerging economies such as China, India, Indonesia and Vietnam. In addition, rising awareness regarding Lanthanum Tungsten Electrodes (LTE) due to their high efficiency is projected to fuel regional product demand over the forecast period.
North America emerged as a prominent consumer of LTE owing to presence of major automobile manufacturers such as Ford Motors Co., General Motors Company and Tesla Inc., which are actively involved in R&D activities related to lightweight materials for automotive applications. The region accounted for more than 20% of global consumption volume owing with high production volumes attained by products such as burnishing electrodes used during final polishing process on steel plate surface after being subjected under intense heat & pressure during manufacturing procedure; plasma welding wires used on vehicle body parts; cutting tools etc.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for high-performance tungsten electrodes is expected to drive the growth of the lanthanum tungsten electrode market during the forecast period.
- The growing popularity of arc welding as a reliable and efficient welding process is projected to boost the demand for lanthanum tungsten electrodes in the coming years.
- Rising investments in infrastructure development projects are anticipated to create lucrative opportunities for players operating in the lanthanum tungsten electrode market during the forecast period.
- Growing awareness about benefits of using lanthanum tungsten electrodes over traditional carbon steel electrodes is likely to propel market growth over next few years. 5) Technological advancements that have led to development of more durable and efficient lanthanum tungsten electrodes are expected to fuel market expansion during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Lanthanum Tungsten Electrode Market Research Report
By Type
Burnishing Electrode, Polishing Electrode
By Application
TIG Welding, Plasma Welding, Cutting, Thermal Spray, Others
By Companies
Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, BGRIMM, ATTL Advanced Materials, SUNRAIN Tungsten
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Lanthanum Tungsten Electrode Market Report Segments:
The global Lanthanum Tungsten Electrode market is segmented on the basis of:
Types
Burnishing Electrode, Polishing Electrode
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
TIG Welding, Plasma Welding, Cutting, Thermal Spray, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Diamond Ground Products
- E3
- Weldstone
- Winner Tungsten Product
- Huntingdon Fusion Techniques
- Wolfram Industrie
- BGRIMM
- ATTL Advanced Materials
- SUNRAIN Tungsten
Highlights of The Lanthanum Tungsten Electrode Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Burnishing Electrode
- Polishing Electrode
- By Application:
- TIG Welding
- Plasma Welding
- Cutting
- Thermal Spray
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lanthanum Tungsten Electrode Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A lanthanum tungsten electrode is a type of electrode used in electrochemistry. It is made from lanthanum and tungsten, and has a high surface area. This makes it ideal for use in reactions that involve gas diffusion or adsorption.
Some of the major companies in the lanthanum tungsten electrode market are Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, BGRIMM, ATTL Advanced Materials, SUNRAIN Tungsten.
The lanthanum tungsten electrode market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lanthanum Tungsten Electrode Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lanthanum Tungsten Electrode Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lanthanum Tungsten Electrode Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lanthanum Tungsten Electrode Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lanthanum Tungsten Electrode Market Size & Forecast, 2018-2028
4.5.1 Lanthanum Tungsten Electrode Market Size and Y-o-Y Growth
4.5.2 Lanthanum Tungsten Electrode Market Absolute $ Opportunity
Chapter 5 Global Lanthanum Tungsten Electrode Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lanthanum Tungsten Electrode Market Size Forecast by Type
5.2.1 Burnishing Electrode
5.2.2 Polishing Electrode
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lanthanum Tungsten Electrode Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lanthanum Tungsten Electrode Market Size Forecast by Applications
6.2.1 TIG Welding
6.2.2 Plasma Welding
6.2.3 Cutting
6.2.4 Thermal Spray
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lanthanum Tungsten Electrode Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lanthanum Tungsten Electrode Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lanthanum Tungsten Electrode Analysis and Forecast
9.1 Introduction
9.2 North America Lanthanum Tungsten Electrode Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lanthanum Tungsten Electrode Market Size Forecast by Type
9.6.1 Burnishing Electrode
9.6.2 Polishing Electrode
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lanthanum Tungsten Electrode Market Size Forecast by Applications
9.10.1 TIG Welding
9.10.2 Plasma Welding
9.10.3 Cutting
9.10.4 Thermal Spray
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lanthanum Tungsten Electrode Analysis and Forecast
10.1 Introduction
10.2 Europe Lanthanum Tungsten Electrode Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lanthanum Tungsten Electrode Market Size Forecast by Type
10.6.1 Burnishing Electrode
10.6.2 Polishing Electrode
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lanthanum Tungsten Electrode Market Size Forecast by Applications
10.10.1 TIG Welding
10.10.2 Plasma Welding
10.10.3 Cutting
10.10.4 Thermal Spray
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lanthanum Tungsten Electrode Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lanthanum Tungsten Electrode Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lanthanum Tungsten Electrode Market Size Forecast by Type
11.6.1 Burnishing Electrode
11.6.2 Polishing Electrode
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lanthanum Tungsten Electrode Market Size Forecast by Applications
11.10.1 TIG Welding
11.10.2 Plasma Welding
11.10.3 Cutting
11.10.4 Thermal Spray
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lanthanum Tungsten Electrode Analysis and Forecast
12.1 Introduction
12.2 Latin America Lanthanum Tungsten Electrode Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lanthanum Tungsten Electrode Market Size Forecast by Type
12.6.1 Burnishing Electrode
12.6.2 Polishing Electrode
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lanthanum Tungsten Electrode Market Size Forecast by Applications
12.10.1 TIG Welding
12.10.2 Plasma Welding
12.10.3 Cutting
12.10.4 Thermal Spray
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lanthanum Tungsten Electrode Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lanthanum Tungsten Electrode Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lanthanum Tungsten Electrode Market Size Forecast by Type
13.6.1 Burnishing Electrode
13.6.2 Polishing Electrode
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lanthanum Tungsten Electrode Market Size Forecast by Applications
13.10.1 TIG Welding
13.10.2 Plasma Welding
13.10.3 Cutting
13.10.4 Thermal Spray
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lanthanum Tungsten Electrode Market: Competitive Dashboard
14.2 Global Lanthanum Tungsten Electrode Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Diamond Ground Products
14.3.2 E3
14.3.3 Weldstone
14.3.4 Winner Tungsten Product
14.3.5 Huntingdon Fusion Techniques
14.3.6 Wolfram Industrie
14.3.7 BGRIMM
14.3.8 ATTL Advanced Materials
14.3.9 SUNRAIN Tungsten
