Beryllium Market
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.
The demand for the metal is being driven by the widespread usage of beryllium alloys in the aerospace and automotive industries. Due to their incredible strength, these alloys are perfect for use in structural materials. Additionally, as people become more aware of the advantages of beryllium alloys, new opportunities for their use in other industries are emerging. Rising R&D efforts and technical advancements will also fuel the beryllium market’s expansion in the future. Another important factor in the growth of the beryllium industry is military spending.
The term “beryllium” refers to a bivalent, extremely poisonous element having an atomic number of 4 in the periodic table. Among the light metals, these substances have one of the highest melting points. There are 30 distinct minerals that contain beryllium, including bertrandite, beryl, phenacite, and chrysoberyl. These non-magnetic materials exhibit high thermal conductivity and are resistant to nitric acid attacks. When exposed to air at normal temperature and pressure, beryllium doesn’t oxidise.
The key reasons fueling market growth are the expanding end use sectors in which beryllium and its alloys are being used. For instance, structural parts for fast aeroplanes, missiles, spacecraft, and communication satellites are frequently made of beryllium. Also used in the telecommunications industry are wireless, fixed, and optical transmission tools such broadband cable hubs, wireless base reception stations, and wireless network gateway equipment. Beryllium is also used in the production of these products. Additionally, due to its exceptional electrical insulation and high thermal conductivity, beryllium is quickly gaining ground in the production of connections used in cell phones and computers.
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Segmentation:-
Global Beryllium Market: Major Players
American Beryllia Inc.
Fuyun Hengsheng Beryllium Industry
Hunan Nonferrous Beryllium
Ulba Metallurgical Plant
Belmont Metals, Inc.
Ningxia Orient Tantalum Industry Co., Ltd.
NGK Metals Corporation
Materion Corp
Global Beryllium Market: By Types
Optics Grade
Military and Aerospace Grade
Nuclear Grade
Global Beryllium Market: By Applications
Industrial
Consumer Electronics
Automotive Electronics
Defense
Telecom
Energy
Medical
Others
Points Covered in The Report
The points that are discussed within the report are the major players that are involved in the market such as players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years data history and forecast.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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