Beryllium Oxide Market Size Forecast to Reach $80.1 Million by 2025

Beryllium Oxide Market size is forecast to reach $80.1 million by 2025, after growing at a CAGR of 1.5% during 2020-2025. Beryllium oxide, also known as beryllia, is an electrically insulating compound with high thermal conductivity. Beryllium Oxide is a chemical that is mainly used in combination with other chemicals by using pressing, slip casting, and other fabrication techniques various flat and tubular components can be made from BeO to meet high performance requirements. Usage of beryllium oxide in various end use industries is expected to drive the beryllium oxide market during the forecast period.

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By Form - Segment Analysis

Powder segment held a significant share in beryllium oxide market in 2019. Beryllium oxide (BeO) is white in color. It is produced by thermal decomposition of Be(OH)2 (beryllium hydroxide). It is produced in the form of white amorphous powder and is sintered into large shapes. The properties of BeO include excellent thermal conductivity and high corrosion resistance. It also has good chemical stability and resistance to carbon reduction at extreme temperatures.

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By Grade - Segment Analysis

High purity grade segment held a significant share in beryllium oxide market in 2019. Beryllium oxide is available commercially in the form of powder with purity greater than 99%. The sintering of BeO is carried out at temperatures ranging from 1600°C to 1800°C. Beryllium oxide has properties similar to those of aluminum oxide or aluminum nitride. Its thermal conductivity is 10 times more than that of alumina. By using pressing, slip casting, and other fabrication techniques; various flat and tubular components can be made from BeO.

By Application - Segment Analysis

Electronics segment held a significant share in beryllium oxide market in 2019. Beryllium oxide finds applications in various many industries owing to its excellent properties. In the electronics industry, due to its high thermal conductivity and good electrical resistivity, it is used as an electronic substrate to give an effective heat sink. It is also used in CPV systems, transmitters, receivers, modulators and switches.

When beryllium is alloyed with aluminum, copper, nickel, or cobalt; the process increases the hardness and corrosion resistance of the alloy. Due to its low density and atomic mass, beryllium is relatively transparent to X-rays and other forms of ionizing radiation. Hence, it is the most commonly used window material for X-ray equipment and in particle physics experiments. High thermal conductivity of beryllium and beryllium oxide has led to their use in heat transport and heat sinking applications.

By End-User Industry - Segment Analysis

Electrical & Electronics segment held a significant share in beryllium oxide market in 2019 growing at a CAGR of XX% during the forecast period. The compound is widely employed as a substrate in the electronics industry due to its good electric insulation and high thermal conductivity. In the medical industry, it is used in gas lasers for tissue analysis and in blood glucose meters. Nuclear properties of beryllium oxide make it attractive for nuclear applications. The electrical & electronics segment is expected to expand significantly during the forecast period. Medical and military segments are also anticipated to witness steady growth during the same period.

Due to COVID-19 pandemic, the production facilities of the electronics parts have been halted owing to the logistics slowdown and unavailability of the workforce across the globe. The shutdown of retail shops and showrooms of major brands, supermarkets, and hypermarkets for a definite period of time is further anticipated to affect the sales of various electronics products, which in turn affects the beryllium oxide market.

Geography- Segment Analysis

North America dominated the beryllium oxide market with a share of more than XX%, followed by Asia Pacific and South America. Presence of leading global manufacturers of beryllium oxide in North America is expected to drive the beryllium oxide in the region during the forecast period. Various expansion activities in the production of beryllium oxide by the key players in North America is the main factor for its dominance in the global beryllium oxide market. The markets in Asia Pacific and South America are also expected to witness significant growth during the forecast period.

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Drivers – Beryllium Oxide Market

Excellent properties of beryllium oxide and usage in various end use industries is expected to drive the market

The corrosion resistance and high thermal stability of beryllium oxide are factors anticipated to drive the beryllium oxide market globally during the forecast period. Beryllium Oxide is a chemical that is mainly used in combination with other chemicals by using pressing, slip casting, and other fabrication techniques various flat and tubular components can be made from BeO to meet high performance requirements. BeO contributes hardness, strength, excellent heat conductivity, and good electrical insulation. In closely packed circuitry (like that in the electronic ignition systems of automobiles), beryllium ceramic layers can draw heat away from other circuit components. Because BeO is transparent to microwaves, it has also been used in microwave ovens. Beryllium oxide is used in rocket engines and as a transparent protective over-coating on aluminized telescope mirrors.

Challenges – Beryllium Oxide Market

Health effects

The toxic nature of beryllium oxide is anticipated to hamper the market. Beryllium oxide is carcinogenic in powdered form and may cause chronic beryllium disease. Once fired into solid form, it is safe to handle if not subjected to machining that generates dust. The health hazards associated with the use of beryllium oxide resulting in regulatory pressure is expected to be a key challenge for the industry over the next few years. The dependence of raw materials for beryllium oxide also possess major challenge to the industry, as the materials used for beryllium oxide manufacturing from raw materials i.e., beryl and bertrandite are cost-effective to form complicate chemical resistive components. It affords greater versatility in manufacturing of the component. Moreover, the cost of handling beryllium oxide during fabrication is higher due to its toxicity.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the beryllium oxide market. In 2019, the market of beryllium oxide has been consolidated by the top five players accounting for xx% of the share. Major players in the beryllium oxide market are Grizzly Mining Limited, Applied Materials, American Beryllia, Belmont Metals, Sigma-Aldrich Co. LLC, Reade International Corp., ESPI Corp, Inc., Materion, and IBC Advanced Alloys Corp among others.

Acquisition

In March 2017, Materion Corporation had completed acquisition of the Heraeus Group, of Hanau, Germany for approximately $30 million. This acquisition strengthened Materion's position in precious and non-precious target materials for the architectural and automotive glass, photovoltaic, display and semiconductor markets.

Key Takeaways

New product developments and increasing investments in research and development of beryllium oxide are expected to drive the growth of this market.

Among end user industry, electrical & electronics segment is projected to lead the beryllium oxide market during the forecast period.

North America dominated the beryllium oxide market.

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