Beryllium Market Analysis By Application (Industrial, Consumer Electronics, Automotive Electronics, Defense, Telecommunications, Energy, Medical), By Region, And Segment Forecasts, 2014 - 2025
The global beryllium market is expected to reach USD 80.7 million by 2025
The rising consumption of beryllium owing to its superior physical and mechanical properties is expected to drive growth.
Increasing penetration of the metal in aerospace and defense sector is expected to drive the product demand. Aerospace industry consumes around 15% of the overall beryllium that is produced due to the superior properties exhibited by the product including high stiffness and thermal & electrical conductivity.
Beryllium and its alloys are used to effectively manufacture functioning products that cater to a wide range of end-use industries such as aerospace, energy, automotive, medical, electronics, and defense. The growing defense industry in economies such as China, Japan, and India owing to high investments is expected to drive growth in the region.
The U.S. is a major consumer of the metal. The Department of Defense, U.S., has recognized high-purity beryllium as a critical material for the manufacturing of aerospace and defense components, owing to which, the product is stockpiled for defense-related applications in the event of national emergency. This is expected to lower the availability of the product for other applications including oil & gas and industrial components.
Further key findings from the report suggest: • Aerospace & Defense is the major application segment of beryllium & its alloys. It is expected to denote a CAGR of 3.2% over the forecast period due to the rise in defense-related expenditure, especially in countries such as the U.S., China, and India • Industrial segment dominated the market from 2014 to 2016; however, the market is expected to witness gradual decline owing to the increasing use of substitutes in the manufacturing of industrial components • North America accounted for over 90% of the overall consumption in 2016 owing to the rising consumption of industrial components in consumer electronics and defense sectors • Asia Pacific market is likely to witness fastest growth of 1.2% over the forecast period with Japan estimated to account for the highest consumption due to the rising use of industrial and consumer electronics and increasing defense spending • Materion Corporation is the major producer of the metal and exhibits a competitive edge over its counterparts owing to the magnitude of its production volume and extensive distribution channels
Our reports have been used by over 10K customers, including:
Increasing demand for lightweight and thermally insulating materials in various industries such as building and construction, oil and gas, and others is boosting the growth and enhancing the adoption potential of metal foams. The broad application scope is attributed toward the high specific area, low density, and enhanced thermal resistance...
128 pages •
By International Market Analysis Research and Consult
• Jun 2019
Developed in the 1970’s and 1980’s, rare earth magnets have become extremely popular in a number of industrial applications and currently represent the strongest type of permanent magnets. Rare earth magnets are currently divided into two categories, that is, the SmCo-type magnets and the NdFeB-type magnets. These magnets...
262 pages •
By Global Industry Analysts
• Jul 2019
Aluminum Composite Panels market worldwide is projected to grow by US$3. 7 Billion, driven by a compounded growth of 6.6%. Core Material, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.2%. The shifting dynamics supporting this growth makes it critical for businesses in...
Silicon carbide (SiC) is the most mature and the most widely used among third-generation wide band gap semiconductor materials. Over the past two years, global SiC market capacity, however, hovered around 3 million tons due to producers’ unwillingness to expand production, a result of high technical barriers (unstable quality of the raw material...
122 pages •
By Infiniti Research Limited
• Jul 2019
Global Silicon Nitride Market: About this market Silicon nitride is extensively used in energy and solar, automotive, aerospace, medical, and manufacturing industries owing to its better mechanical properties compared with other oxide-based ceramics. This silicon nitride market analysis considers sales from the reaction...
Global Next-Generation Anode Materials Market to Grow at a CAGR of 16.96%, in Value, from 2019 to 2029 Global Next-Generation Anode Materials Market, 2019-2029 In terms of value, the global next generation anode materials market is expected to grow at a CAGR of 16.96% during the forecast period...
193 pages •
By Asia Market Information & Development Company
• Aug 2019
China’s demand for Rare Earth has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption...
The report on the global nickel market provides qualitative and quantitative analysis for the period from 2017 to 2025. The report predicts the global nickel market to grow with a CAGR of 5.00% over the forecast period from 2019-2025. The study on nickel market covers the analysis of the leading geographies such as...
Trends, opportunities and forecast in antimony trioxide market to 2024 by application (plastics, textile, rubber, glass, and others), end use industry (electrical and electronics, building and construction, packaging, and others), function (synergist, fining agent, catalyst, and others), and by region (North America, Europe, Asia Pacific,...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.