According to reports from multiple market research institutions, the global market size of TIG tungsten electrodes was about $250 million in 2024 and is expected to grow to $400 million by 2033, with an average annual growth rate of about 6%.
In the Chinese market, tungsten electrodes are in high demand and are mainly used in high-end manufacturing fields such as aerospace, automobile manufacturing, and petrochemicals. According to QYResearch, the global tungsten electrode market size will be about $104 million in 2024, of which the Chinese market accounts for about 77%.
Overall, with the popularization of automated welding technology and the continuous development of high-end manufacturing, the TIG tungsten electrode market has shown a steady growth trend. It is expected that the global and Chinese markets will continue to grow in the coming years.
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