The Global Market for Beryllium is Projected to Reach 658.1 Thousand Kilograms by 2020

Growing Use of Beryllium in Telecom Equipment & Electronics to Foster Growth in the Beryllium Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Beryllium market. The global market for Beryllium is projected to reach 658.1 thousand kilograms by 2020, driven by the growing use of beryllium alloy in a wide range of industrial and electronic applications.

Beryllium  (Be), a silver-gray metallic element with compelling properties, is commonly used in a broad range of applications within the aerospace, energy, defense, appliance, automotive, electronics and medical equipment industries. Beryllium is available in three principal forms – metal, alloys, and oxides. Considered to be an expensive raw material, Beryllium is suitable for applications requiring high levels of reliability, quality and safety and is recognized as a critical raw material in nuclear and aerospace industries. The growth in the market is driven by advancements in automotive electronics, continuous rise in consumption of computing devices as well as emergence of new aerospace and telecom technologies. The trend towards miniaturization of electronic products and the growing demand for low weight and high strength materials that can withstand higher stresses and operating temperatures are expected to drive demand for beryllium alloys in various industrial applications in the long term. However, environmental concerns continue to act as a key growth restraint, as exposure to beryllium particulates is known to result in conditions such as chronic beryllium disease (CBD), beryllium sensitization, and lung cancer.

A significant amount of beryllium is used in the form of copper, magnesium, aluminum and nickel alloys in the automotive sector. The increasing use of electronics under-the-hood, body and exterior, interiors and cockpit will spur consumption of beryllium alloys in the automotive sector. In telecommunication industry, beryllium alloys find use in wireless, fixed and optical transmission tools such as broadband cable hubs, wireless base receiver stations and wireless network gateway equipment. Continued roll out of 3G/4G technologies that enhance the power of mobile communications and increase Internet bandwidth are expected to drive demand for Be alloys in the sector. As Beryllium is transparent to X-rays and can withstand high levels of heat resistance, Beryllium foil is used as window in X-ray equipment and is regarded indispensible for high-resolution radiography systems such as CT scanning and mammography. Rise in imaging procedure volumes as a result of growing awareness levels and increasing incidence of chronic diseases will help drive demand for beryllium metal in the production of imaging equipment.

As stated by the new market research report on Beryllium, the United States represents the largest market worldwide. About 65% of the global beryllium resources are found in the country. Asia-Pacific is poised to record the fastest growth over the analysis period and is expected emerge as the second leading market for beryllium worldwide, led by the robust growth in key end-use industries such as electronics, automotive, and telecommunications.

Major players covered in the report include American Beryllia Inc., Belmont Metals, Inc., Grizzly Mining, Ltd., Hunan Shuikoushan Nonferrous Metals Group Co., Ltd., IBC Advanced Alloys Corp., Materion Corporation, Materion Performance Alloys, Materion Beryllium & Composites, Ningxia Orient Tantalum Industry Co., Ltd., NGK Metals Corporation, Ulba Metallurgical Plant – UMP and Xinjiang Xinxin Mining Industry Co., Ltd., among others.

The research report titled “Beryllium: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in Kilograms for all major geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific and Rest of World. Market is also analyzed by key end-use segments including Telecom Infrastructure/Computing, Electric Equipment & Consumer Appliances, Automotive Electronics, Aerospace & Defense, Industrial Components and Others.

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