Beryllium Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Product Type (Alloys, Metal, Ceramics, and Other Product Types), End-user Industry (Industrial Components, Aerospace and Defense, Medicine, Oil and Gas and Alternative Energy, Automotive Electronics, Electronics and Telecommunication, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, and Rest of the World)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

5 %

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Market Overview

The market for beryllium is expected to register a CAGR of around 5% during the forecast period. Major factors driving the market studied are the continuous trend of miniaturization of components in the design of electrical and electronic equipment and the extensive usage of beryllium alloys in aerospace and military applications. However, OSHA's direct final rule (DFR) revising beryllium standard for the general industry is expected to hinder the growth of the market studied.

  • Alloys product segment dominated the market and is expected to grow during the forecast period owing to the fact that beryllium-containing alloys are only used in critical locations in products where they provide a design solution based upon reliability, miniaturization, improved energy management, and/or extending the service life.
  • Future demand of beryllium oxide in nuclear power generation is likely to act as an opportunity in the future.
  • North America dominated the market across the globe with the largest consumption from the countries, such as the United States and Canada.

Scope of the Report

The scope of the beryllium market report includes:

Product Type
Alloys
Metal
Ceramics
Other Product Types
End-user Industry
Industrial Components
Aerospace and Defense
Medicine
Oil and Gas and Alternative Energy
Automotive Electronics
Electronics and Telecommunication
Other End-user Industries
Geography
Production Analysis
United States
China
Madagascar
Brazil
Others
Consumption Analysis
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Russia
Rest of Europe
Rest of the World
South America
Middle-East and Africa

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Key Market Trends

Increasing Demand from Industrial Components

  • Copper-beryllium alloys are used for manufacturing mechanical components, such as mineral mining equipment bearings that operate underground coal, mine detection, and minesweeping systems that keep the global forces safe, and plastic and metal casting molds with enhanced thermal efficiency that improves the productivity and provides plastic products with enhanced tolerance.
  • Furthermore, in various applications, these alloys are used as property modifiers for aluminum and magnesium castings, with enhanced properties that reduce weight to achieve fuel and pollution reduction in automobiles and trucks, electrode holders, and components of welding robots for automobile and appliance welding. This provides better working environments for factory workers.
  • Copper-beryllium alloys are extensively used across the world, primarily in the plastic industry for manufacturing injection mold components that are used to make containers from different types of plastic resins. It is estimated that 50% of the plastic industry uses copper-beryllium alloys for this purpose.
  • Copper-beryllium alloy retains its strength and thermal conductivity at low temperatures, and therefore, is used in for manufacturing cryogenic equipment. Alternatively, it is used in valve seats and guides high-performance, four-stroke engines with coated titanium valves due to its ability to dissipate heat from the valve faster than powdered steel or iron.
  • Beryllium in the form of master alloys (containing 1 – 14% beryllium with aluminum, copper, and nickel) is added to metals and alloys to provide fluidity or the ability to cast precise, complex shapes in many industrial applications- like robotics and welding.
  •  These alloys reduce the burn-off of magnesium by more than 50% when aluminum smelters add magnesium to make high-performance alloys for use in the beverage industry.
  • Owing to all the aforementioned factors, the demand for beryllium is projected to grow during the forecast period.

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Asia-Pacific to Lead the Market Growth

  • Asia-Pacific recorded the highest growth rate in creating the market demand for beryllium during the forecast period. In Asia-Pacific, China provides the major market for the beryllium. Despite the decline in the automobile production in 2018, the significant development of the aerospace and electronics industry has resulted in significant growth in the Chinese beryllium industry.
  • The aircraft parts and assembly manufacturing sector in the country is growing at a rapid pace, with the presence of over 200 small aircraft parts manufacturers. Major manufacturers are concentrated in Nanchang, Shanghai, Chengdu, Xi’an, Harbin, Shijiazhuang, and Shenyang. The aviation base in Zhoushan is also being developed in order to create a robust aircraft manufacturing, repair, and maintenance base to cater to a capacity of nearly 600 aircrafts every year by 2025.
  • Moreover, China has the world’s largest electronics production base and offers tough competition to existing upstream producers, such as South Korea, Singapore, and Taiwan. The demand for electronic products is projected to grow rapidly in the near future, which in turn drives the demand for beryllium in the country.
  • The country is one of the major solar panel manufacturers across the world, which is also the famous exporter of low-cost photovoltaic cells to numerous countries. China’s total solar capacity accounts for more than 34% of the global total solar capacity.
  • Overall, with the consistent growth in the solar PV, aerospace, and electrical and electronics in the country, the demand for beryllium is expected to increase at a faster pace in the overall region, in the coming years. On a further note, the huge growth of Asia-Pacific is quite instrumental in the expansion of the beryllium market.

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Competitive Landscape

The beryllium market is highly consolidated in nature, in terms of beryllium mining companies. The major companies include Materion Corporation, Kazatomprom, Hunan Shuikoushan Nonferrous Metals Group Co. Ltd, IBC Advanced Alloys, and American Beryllia Inc., among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Continuous Trend of Miniaturization of Components in the Design of Electrical & Electronic Equipment

      2. 4.1.2 Extensive Usage of Beryllium Alloys in Aerospace and Military Applications

      3. 4.1.3 Increase in demand of Beryllium X-ray Tube Windows in Medical Imaging Equipment

    2. 4.2 Restraints

      1. 4.2.1 Competition from Potential Alternatives

      2. 4.2.2 OSHA Direct Final Rule (DFR) Revising Beryllium Standard For General Industry

    3. 4.3 Industry Value Chain Analysis (including Production Process Analysis)

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Price Overview (for beryllium and types)

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Alloys

      2. 5.1.2 Metal

      3. 5.1.3 Ceramics

      4. 5.1.4 Other Product Types

    2. 5.2 End-user Industry

      1. 5.2.1 Industrial Components

      2. 5.2.2 Aerospace and Defense

      3. 5.2.3 Medicine

      4. 5.2.4 Oil and Gas and Alternative Energy

      5. 5.2.5 Automotive Electronics

      6. 5.2.6 Electronics and Telecommunication

      7. 5.2.7 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Production Analysis

        1. 5.3.1.1 United States

        2. 5.3.1.2 China

        3. 5.3.1.3 Madagascar

        4. 5.3.1.4 Brazil

        5. 5.3.1.5 Others

      2. 5.3.2 Consumption Analysis

        1. 5.3.2.1 Asia-Pacific

          1. 5.3.2.1.1 China

          2. 5.3.2.1.2 India

          3. 5.3.2.1.3 Japan

          4. 5.3.2.1.4 South Korea

          5. 5.3.2.1.5 Rest of Asia-Pacific

        2. 5.3.2.2 North America

          1. 5.3.2.2.1 United States

          2. 5.3.2.2.2 Canada

          3. 5.3.2.2.3 Rest of North America

        3. 5.3.2.3 Europe

          1. 5.3.2.3.1 Germany

          2. 5.3.2.3.2 United Kingdom

          3. 5.3.2.3.3 Italy

          4. 5.3.2.3.4 France

          5. 5.3.2.3.5 Russia

          6. 5.3.2.3.6 Rest of Europe

        4. 5.3.2.4 Rest of the World

          1. 5.3.2.4.1 South America

          2. 5.3.2.4.2 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 American Beryllia Inc.

      2. 6.4.2 American Elements

      3. 6.4.3 Belmont Metals

      4. 6.4.4 IBC Advanced Alloys

      5. 6.4.5 Kazatomprom

      6. 6.4.6 Materion Corporation

      7. 6.4.7 NGK Metals Corporation

      8. 6.4.8 Hunan Shuikoushan Nonferrous Metals Group Co. Ltd

      9. 6.4.9 TROPAG OSCAR H. RITTER NACHF. GMBH

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Prominence of Beryllium in Satellite Manufacturing Industry

    2. 7.2 Future Demand of Beryllium Oxide In Nuclear Power Generation

    3. 7.3 Emerging Applications of Beryllium Mirrors

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