Beryllium Market, Top Companies, Trends and Future Prospects Details for Business Development and Forecast by 2022-2027

IMARC Group's latest report, titled "Beryllium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global beryllium market reached a value of US$ 153.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 213.6 Million by 2027, exhibiting a CAGR of 5.40% during 2022-2027.

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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Competitive Landscape with Key Players:

• 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

Beryllium Market Growth and Demand:

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.

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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 (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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