Beryllium Market Size
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 325.13 tons |
| Market Volume (2029) | 390.46 tons |
| CAGR (2024 - 2029) | 3.73 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Beryllium Market Analysis
The Beryllium Market size is estimated at 325.13 tons in 2024, and is expected to reach 390.46 tons by 2029, growing at a CAGR of 3.73% during the forecast period (2024-2029).
The beryllium market faced setbacks due to COVID-19. Global lockdowns and stringent government regulations led to widespread shutdowns of production hubs. However, the market rebounded in 2021, and it is estimated to witness significant growth in the upcoming years.
- Over the short term, the growing demand from electronics and telecommunication infrastructure and extensive usage of beryllium alloys in aerospace and military applications drive the market's demand.
- However, competition from potential alternatives is expected to hinder the market's growth.
- Nevertheless, future demand for beryllium oxide in nuclear power generation and emerging applications of beryllium mirrors are expected to create new opportunities for the market studied.
- North America is expected to dominate the global market, with the majority of demand coming from the United States and Canada.
Beryllium Market Trends
Electronics and Telecommunications Segment to Dominate the Market
- Consumer electronics and telecommunications stand out as key end-user industries for beryllium. Beryllium is predominantly alloyed with copper in these applications, forming copper-beryllium alloys. These alloys find their way into various products, including cables, high-definition televisions, electrical contacts, cell phone and computer connectors, computer chip heat sinks, underwater fiber optic cables, sockets, thermostats, and bellows.
- Beryllium's excellent thermal conductivity enhances heat dissipation, mitigating overheating risks and bolstering the reliability of electronic components.
- As electronic components like sensors, antennas, capacitors, and resistors shrink and gain capabilities, beryllium's significance in this evolving landscape becomes even more pronounced.
- The electronics industry is one of the world's largest and fastest growing. In the current digital era, electronic items significantly impact people鈥檚 lives. The demand for electronic gadgets is projected to rise continuously and remain a significant economic driver globally.
- As per data from the Japan Electronics and Information Technology Industries Association (JEITA), the global electronics and IT industry saw a 3% year-over-year decline in 2023, totaling USD 3,382.6 billion. However, a rebound is anticipated, with projections of a 9% growth in 2024, reaching USD 3,686.8 billion.
- India is the second largest smartphone producer after China. As per Invest India, the country aims to manufacture cell phones worth USD 126 billion by 2025-26. Globally, the demand for smartphones is increasing at a significant rate. According to the Telefonaktiebolaget LM Ericsson, the subscription is likely to reach 7,690 million by 2027, enhancing the usage of the market studied from electronics applications.
- In the United States, swift technological advancements and robust R&D activities fuel a demand for cutting-edge electronic products. The industry is witnessing continuous and significant progress. The Consumer Technology Association reports that retail revenue from US consumer electronics sales reached an impressive USD 485 billion in 2023, with projections for 2024 set at USD 512 billion.
- Germany boasts the largest electronics industry in Europe. Data from the Germany Electrical and Electronics Association (ZVEI) indicates that the sector achieved an aggregated turnover of EUR 238.1 billion (approximately USD 258.06 billion) in 2023. Key drivers for the global household appliances market include technological advancements, rapid urbanization, a booming housing sector, rising per capita income, enhanced living standards, a growing emphasis on comfort in household chores, evolving consumer lifestyles, and an increasing number of smaller households.
- Given these dynamics, the demand for electronics and telecommunications is set to rise, subsequently fueling the demand for beryllium.
North America to Dominate the Market
- North America is poised to lead the beryllium market, emerging as the region with the fastest growth during the forecast period. This surge is primarily fueled by increasing demands across various sectors, including automotive, healthcare, aerospace and defense, oil and gas, and electronics and telecommunications, particularly in the United States and Canada.
- As per the US Geological Survey, the United States was the world's largest beryllium mine producer, with production amounting to 190 metric tons in 2023, growing from 175 tons in 2022.
- 糖心vlog传媒 60% of beryllium resources are in the United States, mainly in the Spor Mountain area in Utah, where the epithermal deposit contains a large bertrandite source. Proven and probable bertrandite reserves in Utah are estimated at about 20,000 tons of contained beryllium.
- Beryllium is used in the automotive industry due to its high thermal conductivity, strength, and resistance to corrosion, making it an ideal material for various applications, including brake discs, ignition switches, airbag sensors, powertrain components, and electrical components. As vehicle production rises in the region, the demand for beryllium is expected to bolster.
- The United States boasts the world's second-largest automotive industry, trailing only China, and plays a pivotal role in regional and global markets. Data from the Organisation Internationale des Constructeurs Automobiles (OICA) indicates that the US automotive production reached 10,611,555 units in 2023, marking a 5.56% increase from 2022, bolstering the demand for beryllium.
- As reported by the Automotive Industries Association of Canada, the automotive sector contributes over USD 19 billion to Canada's GDP. Projections suggest this contribution will rise to USD 40.1 billion in 2024, presenting growth opportunities for the beryllium market. OICA data shows Canada produced 1,553,026 vehicles in 2023, a 25.92% increase from the prior year.
- Beryllium's high thermal conductivity and exceptional strength-to-weight ratio render it crucial in aerospace and defense. It is employed in high-speed aircraft, missiles, and rocket engine nozzles. With the aerospace and defense sector expanding in the region, the demand for beryllium is set to rise.
- The United States has the largest aviation market in North America and boasts one of the world's most extensive fleet sizes. Strong exports of aerospace components to nations like France, China, and Germany are propelling the industry's manufacturing activities, positively influencing the beryllium market.
- According to the Federal Aviation Administration (FAA), boosted by the sharp recovery in demand for air travel and cargo, the number of aircraft in the commercial fleet grew by 0.2% in 2022-23. Additionally, US airline enplanements are estimated to grow 2.4% per year over the next 20 years to USD 1.32 trillion in 2044 compared to USD 922 billion in 2023, and projects the US mainline jet fleet to grow from 4,832 in 2023 to 6,894 in 2044.
- In electronics, beryllium's high thermal conductivity and non-magnetic properties are essential for electrical contacts, semiconductors, and telecommunications. As the electronics sector grows in the region, the demand for beryllium is expected to grow in the coming years.
- The US electronics sector is on a moderate growth trajectory, driven by a surge in demand for advanced technological products and rapid innovation spurred by robust R&D activities.
- The Department of Energy (DOE), in April 2024, announced plans to invest up to USD 331 million in a new transmission line, prioritizing union labor, under President Biden's Bipartisan Infrastructure Law. Additionally, the administration is leading an initiative by collaborating with public and private sector leaders to enhance the nation's transmission network, aiming to upgrade 100,000 miles of transmission lines in the next five years.
- With its high strength and conductivity, beryllium finds applications in the oil and gas sector, from down-hole tubing to compressors and generators. With the expanding oil and gas sector in the region, the demand for beryllium is set to rise in the coming years.
- Statistique Canada reports that Canada's crude oil production rose for the third consecutive year in 2023, hitting 286.4 million cubic meters, a 1.4% increase from the previous year. Moreover, with projections from the Canadian Association of Energy Contractors anticipating 6,229 wells to be drilled in 2024, up 481 from 2023, it is evident that oil sand producers are in an expansion phase.
- Given these dynamics, North America is poised for a surge in beryllium demand during the forecast period.
Beryllium Industry Segmentation
The beryllium market is highly consolidated. The major players include Materion Corporation, Ulba Metallurgical Plant (Kazatomprom), Hunan Shuikoushan Nonferrous Metals Group Co. Ltd, IBC Advanced Alloys, and Xinjiang Xinxin Mining Industry Co. Ltd.
Beryllium Market Leaders
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Materion Corporation
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Ulba Metallurgical Plant (Kazatomprom)
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Hunan Shuikoushan Nonferrous Metals Group Co. Ltd
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IBC Advanced Alloys
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Xinjiang Xinxin Mining Industry Co. Ltd.
*Disclaimer: Major Players sorted in no particular order
Beryllium Market News
- October 2023: Materion Corporation secured a USD 5.0 million contract from the United States Air Force Research Laboratory (US-AFRL) to further its research and development efforts in additive manufacturing, specifically focusing on beryllium and aluminum-beryllium alloys. This expansion in additive manufacturing for these specialized materials is poised to offer substantial benefits in producing optic structures, guidance systems, and thermal management applications.
- April 2022: IBC Advanced Alloys inaugurated its copper alloy casting facility and expanded its copper alloy foundry in Franklin, Indiana. This strategic move allowed the company to merge its three production sites into one cohesive, vertically integrated operation dedicated to manufacturing copper and copper alloy products.
Beryllium Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand from Electronics and Telecommunication Infrastructure
4.1.2 Increasing Usage in Medical Equipment Owing to its Superior Properties
4.1.3 Other Drivers
4.2 Restraints
4.2.1 Competition from Potential Alternatives
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Product Type
5.1.1 Alloys
5.1.2 Metals
5.1.3 Ceramics
5.1.4 Other Product Types
5.2 End-user Industry
5.2.1 Industrial Components
5.2.2 Automotive
5.2.3 Healthcare
5.2.4 Aerospace and Defense
5.2.5 Oil and Gas
5.2.6 Electronics and Telecommunication
5.2.7 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Malaysia
5.3.1.6 Thailand
5.3.1.7 Indonesia
5.3.1.8 Vietnam
5.3.1.9 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Spain
5.3.3.6 NORDIC Countries
5.3.3.7 Turkey
5.3.3.8 Russia
5.3.3.9 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Colombia
5.3.4.4 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 Qatar
5.3.5.3 United Arab Emirates
5.3.5.4 Nigeria
5.3.5.5 Egypt
5.3.5.6 South Africa
5.3.5.7 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share **/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 American Beryllia Inc.
6.4.2 American Elements
6.4.3 Belmont Metals
6.4.4 Hunan Shuikoushan Nonferrous Metals Group Co. Ltd
6.4.5 IBC Advanced Alloys
6.4.6 Materion Corporation
6.4.7 NGK Metals
6.4.8 Texas Mineral Resources Corp.
6.4.9 Tropag Oscar H. Ritter Nachf GmbH
6.4.10 Ulba Metallurgical Plant (kazatomprom)
6.4.11 Xiamen Beryllium Copper Technologies Co. Ltd
6.4.12 Xinjiang Xinxin Mining Industry Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Future Demand for Beryllium Oxide in Nuclear Power Generation
7.2 Emerging Applications of Beryllium Mirrors
7.3 Other Opportunities
Beryllium Industry Segmentation
Beryllium is a hard, light, silver-grey metal with chemical properties similar to aluminum. It is brittle at room temperature. It is used to make strong alloys and finds application in industrial components, aerospace and defense, electronics, etc.
The beryllium market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into alloys, metals, ceramics, and other product types. By end-user industry, the market is segmented into industrial components, automotive, healthcare, aerospace and defense, oil and gas, electronics and telecommunications, and other end-user industries. The report covers the market sizes and forecasts for the global beryllium market in 27 countries across major regions. For each segment, the market sizing and forecasts are done based on volume in tons.
| Product Type | |
| Alloys | |
| Metals | |
| Ceramics | |
| Other Product Types |
| End-user Industry | |
| Industrial Components | |
| Automotive | |
| Healthcare | |
| Aerospace and Defense | |
| Oil and Gas | |
| Electronics and Telecommunication | |
| Other End-user Industries |
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Beryllium Market Research FAQs
How big is the Beryllium Market?
The Beryllium Market size is expected to reach 325.13 tons in 2024 and grow at a CAGR of 3.73% to reach 390.46 tons by 2029.
What is the current Beryllium Market size?
In 2024, the Beryllium Market size is expected to reach 325.13 tons.
Who are the key players in Beryllium Market?
Materion Corporation, Ulba Metallurgical Plant (Kazatomprom), Hunan Shuikoushan Nonferrous Metals Group Co. Ltd, IBC Advanced Alloys and Xinjiang Xinxin Mining Industry Co. Ltd. are the major companies operating in the Beryllium Market.
Which is the fastest growing region in Beryllium Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Beryllium Market?
In 2024, the North America accounts for the largest market share in Beryllium Market.
What years does this Beryllium Market cover, and what was the market size in 2023?
In 2023, the Beryllium Market size was estimated at 313.00 tons. The report covers the Beryllium Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Beryllium Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Beryllium Industry Report
The global beryllium market is segmented by product type, including alloys, metals, ceramics, and other product types, and by end-user industry, such as industrial components, automotive, healthcare, aerospace and defense, oil and gas, electronics and telecommunication, and other end-user industries. The market is also geographically segmented into Asia-Pacific, North America, Europe, and the rest of the world.
Industry reports indicate that the market forecast for beryllium shows promising growth trends. Market research suggests that the market size and market share are expected to increase, driven by demand across various end-user industries. The market outlook highlights significant opportunities in the aerospace and defense sectors, which are major consumers of beryllium products.
According to industry analysis, the market value of beryllium is influenced by its unique properties, such as lightweight and high strength, making it ideal for critical applications. Industry research points to a steady growth rate, supported by advancements in manufacturing technologies and increasing investments in research and development.
Market segmentation reveals that alloys are the dominant product type due to their extensive use in industrial components and electronics. The market review also notes that North America holds a substantial market share, attributed to the presence of major market leaders and extensive industrial applications.
The industry outlook remains positive, with market data showing a rise in industry sales and overall industry size. Market predictions suggest that the electronics and telecommunication sectors will continue to drive market growth, supported by the ongoing demand for high-performance materials.
The report example and report pdf from 糖心vlog传媒鈩� provide a comprehensive market overview, including detailed industry information and market statistics. The industry trends indicate a growing focus on sustainability and the development of eco-friendly beryllium products.
In conclusion, the global beryllium market is poised for significant growth, with market leaders investing in innovative solutions to meet the evolving demands of various industries. The market forecast and market outlook suggest a robust future, backed by strong industry trends and market predictions.
