Global Beryllium Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global beryllium market in its upcoming report titled, “Global Beryllium Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global beryllium market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global beryllium market report has been segmented on the basis of application, and region.

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Beryllium is a steel-gray metal that is quite brittle at room temperature, and its chemical properties somewhat resemble those of aluminum. Beryllium is a chemical element with symbol ‘Be’ and atomic number 4. Beryllium is a silvery-white metal. It is relatively soft and has a low density. The gemstones beryl and emerald are both forms of beryllium aluminium silicate. Beryllium is found in beryl and emerald, minerals.

Rapid industrialization and increasing demand for beryllium and beryllium products form aerospace for structural material, inertia guidance system, additives in solid, etc. are major factors driving growth of the global beryllium market. In addition, beryllium’s wide application in telecommunication, consumer electronics, energy, and other industrial sectors is another factor driving growth of the global beryllium market. Moreover, increasing demand for beryllium in medical imagining for better imaging quality, increase strength and stability, etc. is another factor expected to support growth of the global beryllium market.

However, high cost of beryllium and harmful side effects of beryllium on human health such as berylliosis are major factors restraining growth of the global beryllium market. In addition, rising environmental concern and availability of various substitute are other factors expected to challenge growth of the global beryllium market.

Technological advancements and increasing R&D activities by manufacturers is expected to create new opportunities in terms of revenue to players operating in the global beryllium market over the forecast period.

The market in North America is expected to dominate the global beryllium market in terms of revenue as compared to the market in other region. North America market is expected to continue its dominance in the global beryllium market over the forecast period. This can be attributed to increasing demand from aerospace sector, wide application in medical imagining, and presence of prominent market players operating in this region. According to U.S. Geological Survey in 2017, consumption of 210-ton beryllium was valued at about $107 Mn. Based on the sales revenue, 21% of beryllium products were used in industrial component, 20% in consumer electronics, 16% in automotive, 12% in defense application, 9% in telecommunication, 5%in energy sector, and 2% in medical application. Asia pacific market is expected to account for significant revenue share to the global beryllium market, owing to increasing demand for beryllium from consumer sectors such as electronic, telecommunication, etc. and presence of major manufacturing units in emerging economies in this region.

Global Beryllium Market Segmentation:

By Application:

• Industrial
• Consumer Electronics
• Automotive Electronics
• Defense
• Telecommunication
• Energy
• Others (Oil & Gas, and Healthcare)

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Materion Corporation
• Ulba Metallurgical Plant
• NGK Metals Corporation
• American Beryllia Inc.
• Belmont Metals, Inc.
• IBC Advanced Alloys Corp.
• Hunan Shui Kou Shan Nonferrous Metals Group Co., Ltd.