The global beryllium market is estimated to register a CAGR of X.X% in terms of value during the 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.
Beryllium Market Overview
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 the 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 aluminum silicate. Beryllium is found in beryl and emerald, minerals.
Rapid industrialization and increasing demand for beryllium and beryllium products from aerospace for structural material, inertia guidance systems, additives in solid, etc. are major factors driving the 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 the 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 the growth of the global beryllium market.
However, the high cost of beryllium and harmful side effects of beryllium on human health such as berylliosis are major factors restraining the growth of the global beryllium market. In addition, rising environmental concerns and the availability of various substitutes are other factors expected to challenge the growth of the global beryllium market.
Technological advancements and increasing R&D activities by manufacturers are expected to create new opportunities in terms of revenue for 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 regions. The North American market is expected to continue its dominance in the global beryllium market over the forecast period.
This can be attributed to increasing demand from the aerospace sector, wide application in medical imagining, and the 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 $107 Mn.
Based on the sales revenue, 21% of beryllium products were used in industrial components, 20% in consumer electronics, 16% in automotive, 12% in a defense application, 9% in telecommunication, 5%in the energy sector, and 2% in medical application.
Asia pacific market is expected to account for a significant revenue share of the global beryllium market, owing to increasing demand for beryllium from consumer sectors such as electronic, telecommunication, etc., and the presence of major manufacturing units in emerging economies in this region.
Global Beryllium Market Segmentation:
Beryllium Market Segmentation By Application:
- Consumer Electronics
- Automotive Electronics
- Others (Oil & Gas, and Healthcare)
Beryllium Market Segmentation By Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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.
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