US$ 224.8 Million Beryllium Market to 2023-2028, Featuring Player American Beryllia Inc., American Elements, Belmont Metals Inc.

PRESS RELEASE

Published March 14, 2023

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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