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The global beryllium market reached a value of US$ 153.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 213.6 Million by 2027, exhibiting a CAGR of 5.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Beryllium (Be) refers to a strong, lightweight, and brittle alkaline earth metal with a silvery-gray color. It is primarily obtained from beryl and bertrandite minerals. Beryllium is alloyed with copper or nickel to fabricate springs, gyroscopes, electrical contacts, spot-welding electrodes, and non-sparking tools. It exhibits excellent electrical conductivity, high flexural rigidity, thermal stability and conductivity, low density, and resistance to corrosion and fatigue. As a result, beryllium finds extensive applications across various industries, including aerospace and defense, consumer electronics, automotive, oil and gas, and healthcare.
The increasing applications of beryllium and its alloys across numerous end use sectors represent the primary factors driving the market growth. For instance, beryllium is widely used to manufacture structural components for high-speed aircraft, missiles, spacecraft, and communication satellites. Besides this, in the telecommunication sector, beryllium is employed for use in wireless, fixed, and optical transmission tools, such as broadband cable hubs, wireless base receiver stations, and wireless network gateway equipment. Additionally, beryllium is rapidly gaining traction in manufacturing connectors used in cell phones and computers due to its superior electrical insulation and high thermal conductivity. Along with this, the emerging trend of electronics miniaturization and the surging sales of consumer electronics on account of inflating consumer disposable incomes, improving lifestyles, and rapid urbanization are catalyzing the product demand. Furthermore, the rising product usage in automotive electronics as the connector material for battery and optical filters for night vision, speed control, sensors, and camera applications is propelling the market growth. Other factors, including the escalating demand for beryllium oxide in nuclear power generation, increasing defense expenditure, growing product applications in medical equipment, rapid industrialization, and ongoing research and development (R&D) activities, are also creating a positive market outlook.
IMARC Group provides an analysis of the key trends in each sub-segment of the global beryllium market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type and end use industry.
Breakup by Product Type:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Beryllia Inc., American Elements, Belmont Metals Inc., IBC Advanced Alloys Corp, Materion Corporation, NGK Metals Corporation, Texas Mineral Resources Corp. and Xinjiang Xinxin Mining Industry Co. Ltd.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||American Beryllia Inc., American Elements, Belmont Metals Inc., IBC Advanced Alloys Corp, Materion Corporation, NGK Metals Corporation, Texas Mineral Resources Corp. and Xinjiang Xinxin Mining Industry Co. Ltd.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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