12th September 2019 – Global Beryllium
Market is anticipated to reach USD 80.7 million by 2025. Beryllium is a
silver-gray, light, relatively soft metal that is strong but brittle. Beryllium
has the highest melting point of the light metals. It shows excellent thermal
as well as electrical conductivities and resists attack by concentrated nitric
acid and is non-magnetic.
In the production of beryllium copper,
beryllium is mainly used as an alloying agent with respect to spot-welding
electrical contact, electrodes, and springs. It has a high permeability to
X-Rays owing to low atomic number. Beryllium occurs in some minerals; the most important
ones comprise bertrandite, chrysoberyl, beryl, and phenacite, etc.
The factors that propel the growth of
the Beryllium industry include high demand for beryllium due to its use in
defence and aerospace sector, high thermal stability, high specific heat, and
extensive use in alloys. On the other hand, there are factors that may hamper
the growth of the market including rising concerns regarding environment,
inhalation of beryllium particulates may cause a potential health risk for a
lung disease and Chronic Beryllium Disease. Beryllium Market is estimated to
grow at a substantial CAGR in the forecast period as the scope, product types,
and its applications are increasing across the globe.
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The market may be explored by product,
application, end user, and geography. Beryllium industry may be explored by
product as Military and Aerospace Grade, Optics Grade, Nuclear Grade. The
“Military and Aerospace Grade” segment led the market in 2016 and is
anticipated to maintain its dominance by 2025 owing to increase in
defense-related expenditure, particularly in countries such as the U.S., India,
and China.
The market may be explored by
application as Nuclear and Energy Research, Military and Aerospace, Imaging
Technologies & X-rays Applications. The “Aerospace and Defense” segment led
the Beryllium Market in 2016 and is anticipated to maintain its dominance by
2025 owing to high strength and lightweight property of beryllium.
The market may be explored by end user
as Electric Equipment & Consumer Appliances, Automotive Electronics,
Aerospace & Défense, Telecom Infrastructure/Computing, Industrial
Components, and Others. The “Industrial Components” segment led the Beryllium
industry in 2016 and is anticipated to maintain its dominance by 2025 owing
torising use of alternatives in the manufacturing of industrial components.
North America accounted for the major
share of the Beryllium Market in 2016 and will continue to lead in the forecast
period. The factors that could be attributed to the growth include shigh demand
from consumer electronics, defense, and industrial sectors. On the other hand,
Asia Pacific and Europe are expected to grow at a significant growth rate and
will contribute to the market.
Some of the key players that fuel the
growth of the beryllium industry comprise American Beryllia Inc., Changhong
Group, Advanced Industries International, Applied Materials, Belmont Metals,
Esmeralda de Conquista Ltda, IBC Advanced Alloys Corp., Grizzly Mining Ltd.,
NGK Metals Corp., Ulba Metallurgical Plant Jsc, Materion Corp., Ningxia Orient
Tantalum Industry Co. Ltd., TROPAG Oscar H. Ritter Nachf GmbH, and Zhuzhou
Sinotech Industries. The leading companies are taking up partnerships, mergers
and acquisitions, and joint ventures in order to boost the inorganic growth of
the industry.
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