US$ 224.8 Million Beryllium Market to 2023-2028, Featuring Player American Beryllia Inc., American Elements, Belmont Metals Inc.
Beryllium Market Overview 2023-2028:
IMARC Group’s latest research report,
titled “Beryllium Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2023-2028,” the global
beryllium market size reached US$ 163.0 Million in 2022.
Looking forward, IMARC Group expects the market to reach US$ 224.8 Million by
2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
What is Beryllium ? :
Beryllium is a steel-gray, lightweight,
and brittle alkaline earth metal that is primarily obtained from bertrandite minerals.
It can be found in gemstones, such as beryl and chrysoberyl and is extremely
strong and ideal for structural materials. It exhibits excellent electrical
conductivity, high flexural rigidity, thermal stability and conductivity, low
density, and resistance to corrosion and fatigue. As a result, it is widely
used in aerospace material for aircraft components, missiles, spacecraft, and
satellites. It is also used in manufacturing particle detectors, thermal
management devices, and in producing different alloys and electronic connectors
in airplanes and automobiles, as well as CT scanners and X-ray machines.
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Beryllium Market Demand and Growth:
The growing utilization of beryllium by
various industries is driving the global market. Moroever, the growing demand
for highly secure defense systems, the increasing sales of vehicles, and the
requirement for enhanced telecommunications networks are catalyzing the market.
Besides, the wide adoption of beryllium in the manufacturing of connectors used
in cell phones and computers due to its superior electrical insulation and high
thermal conductivity is creating a positive market outlook. Furthermore,
numerous leading players are focussing on research and development (R&D)
activities to enhance beryllium oxide (BeO) Powder products, which is providing
a thrust to the market. Other factors, such as growing product applications in
medical equipment, and rapid industrialization, are also influencing the
market.
Key Players Included in
Global Beryllium Market Research Report:
- American Beryllia Inc
- American Elements
- Belmont Metals Inc
- IBC Advanced Alloys Corp
- Materion Corporation
- NGK Metals Corporation
- Texas Mineral Resources Corp
- Xinjiang Xinxin Mining Industry Co. Ltd
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Key Market Segmentation:
Breakup by Product Type:
- Alloys
- Metals
- Ceramics
- Others
Breakup by End Use Industry:
- Industrial Components
- Automotive
- Healthcare
- Aerospace and Defense
- Oil and Gas and Other Energy
- Electronics and Telecommunication
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea,
Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar,
Iraq, Other)
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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