Brandessence Market Research has published a new report title According to Study “Beryllium Market is valued at USD 112.83 Million in 2021 and expected to reach USD 163.05 Million by 2028 with a 5.40% CAGR of over the forecast period”.
Growing use of beryllium in various industrial applications is one of the major factors driving the growth of Global Beryllium Market.
Beryllium is a chemical element with atomic number 4 and the symbol Be. It can be found in gemstones such as beryl and chrysoberyl. It is a steel-gray, strong, light weight and brittle alkaline earth metal. It’s features such as high flexural rigidity, thermal stability, thermal conductivity and low density makes it suitable for aerospace material for aircraft components, missiles, spacecraft and satellites. Other than that it is also used in the manufacture of X-ray equipment, particle detectors, thermal management devices and in producing different alloys.
Global beryllium market report is segmented on the basis of application and by regional & country level. Based on application, global beryllium market is classified as industrial, consumer electronics, automotive electronics, defense, telecommunication, energy, medical and others.
The regions covered in this Beryllium market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Beryllium is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Some major key players for global Beryllium market are,
Growing application of beryllium in various industrial sectors such as industrial components, aerospace & defense applications, automotive electronics, consumer electronics, energy and medical sectors is one of the major factors driving the growth of global beryllium market. Based on sales of beryllium, about 21% of beryllium is used for production of industrial components, 20% for aerospace industry, 14% for automotive, consumer electronics & telecommunication, 9% in energy and rest are in many other applications. The most common form of beryllium that is beryllium alloy strips which are used in most of the applications where as unalloyed beryllium and beryllium composite are used in defense and scientific application. Its properties such as lightest of all metal, one of the highest melting points, dimensional stability in wide temperature range makes it suitable for aerospace industry, whereas alloy properties such as thermal conductivity, high strength, hardness, corrosion and fatigue resistance and nonmagnetic properties makes it useful for many industrial applications.
In addition, beryllium oxide is an excellent heat conductor and acts as electric insulator in electronic applications. All these properties increase the demand of beryllium and hence foster the market growth. Beryllium is heavily researched subject in regions such as USA and Europe for its application in defense and space industry, which will generate opportunity for the market to grow in future. However, high cost of beryllium as well as hazardous effects compared with that of other materials, it is used in applications in which its properties are crucial may hamper the market growth up to some extent.
North America is dominating the beryllium market with highest share due to presence of raw materials, developed necessary infrastructure for beryllium extraction and process of different beryllium products and active research and development in this region. For instance; approximately 60% of global beryllium resources are in the United States and The United States, is one of only three countries that process beryllium ores and manufactures beryllium products, supplies most of the rest of the world. The production of beryllium in USA was 170 tonne in 2019, far more than other countries such as Brazil, China, Mozambique etc. who are leading beryllium producers. US share of beryllium production is more than 68%. Asia Pacific is the second dominating market of beryllium due to the second highest production region of beryllium mainly by China, growing economy of several countries and demand of beryllium in various industries.
Middle East and Africa
|2018 - 2021
|2022 - 2028
|Market Size in 2021:
|USD 112.83 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 163.05 Million
|Tables, Charts & Figures:
|Materion Corporation, Ulba Metallurgical Plant, NGK Metals Corporation, IBC Advanced Alloys, KazAtomProm,Materion Corporation, American Beryllia Inc, Xinjiang Xinxin Mining Industry, Others
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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