Beryllium Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Beryllium Market Manufacturing Companies and is Segmented by Product Type (Alloys, Metals, Ceramics, and Other Product Types), End-User Industry (Industrial Components, Automotive, Healthcare, Aerospace and Defense, Oil and Gas, Electronics and Telecommunication, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, Rest of World). The Report Offers Market Size and Forecasts in Terms of Volume (tons) for all the Above Segments.

Beryllium Market Size

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Beryllium Market  Summary
Study Period 2019 - 2029
Market Volume (2024) 608.58 tons
Market Volume (2029) 722.84 tons
CAGR (2024 - 2029) 3.50 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Beryllium Market  Major Players

*Disclaimer: Major Players sorted in no particular order

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Beryllium Market Analysis

The Beryllium Market size is estimated at 588 tons in 2023, and is expected to reach 698.40 tons by 2028, growing at a CAGR of 3.5% during the forecast period (2023-2028).

The Beryllium Market is projected to register a CAGR of more than 2% during the forecast period. The COVID-19 pandemic negatively affected the beryllium market, as mining activities were disrupted. Airplane manufacturers also experienced severe disruptions in production, owing to the slowing demand in line with suspended international flights. However, post-COVID-19, the rising demand for beryllium from end-user industries like the automotive and aerospace end-user industries is likely to revive the market during the forecast period.

  • In the short term, the market is likely to be driven by big things like the growing use of beryllium in medical equipment because of its great properties and its wide use in aerospace and military applications.
  • The fact that there are other options can slow down the market studied during the forecast period.
  • In the future, the need for beryllium oxide to make nuclear power is likely to present an opportunity.

North America dominated the world market, with countries like the United States and Canada using the most.

Beryllium Market Trends

Automotive Segment to Drive the Market Growth

  • In the automotive industry, beryllium is used as the connector material for battery and high-temperature applications. In addition, it is abundantly used in optical filters for night vision, speed control, sensors, and camera applications.
  • Furthermore, the metal is used in the form of CuBe, a high-performance alloy, for the powertrain. Beryllium in the form of metal matrix composites is employed for chassis, suspension, and brake component applications.
  • The lifesaving technology behind automotive airbags relies on beryllium alloys to work in a fraction of a second. Anti-lock brakes trust beryllium alloys to transmit electrical signals through terminal connections when seconds make a critical difference in preventing a collision.
  • Since 2021, the global automotive industry has been expected to grow steadily but at a slower pace because of the decline in consumers' preferences for individual ownership of passenger vehicles and their increased preference for shared mobility in transportation. The global automotive industry is expected to grow at a rate of 2% per year, which will bring in an extra USD 1.5 trillion in revenue over the next five years.
  • The Asia-Pacific region is the largest producer of vehicles in the world, as countries like China, India, and Japan are some of the major vehicle producers across the globe. Vehicle production in the region is expected to increase by 5.9% in 2022, compared to 47.9 million units produced in 2021.
  • So, the above factors are likely to have an effect on the automotive industry, which may have an effect on the growth of the beryllium market over the next few years.
Beryllium Market, CAGR (%), by End-user Industry, Global, 2023-2028

North America to Dominate the Market

  • The United States is among the largest producers of beryllium due to the availability of mineable resources in the country. The globally identified beryllium resources are estimated to be more than 100,000 tons, and about 60% of these are in the U.S. According to the US Geological Survey (USGS), mine production in the United States stood at 170 tons in 2021.
  • The Spor Mountain and Gold Hill areas in Utah, the McCullough Butte area in Nevada, the Black Hills area in South Dakota, the Sierra Blanca area in Texas, and the Seward Peninsula in Alaska account for most of the total reserve and mine production.
  • The United States is the third-largest electric vehicle manufacturer after China and Europe. Seven of the 44 major US assembly plants, representing about 16% of US production capacity, are engaged in producing electric vehicles (EVs). General Motors owns three, Tesla owns two, Rivian Motors owns one, and Lucid Motors owns one.Demand for EVs grew by 85% from 2020 to 2021, and this continuously increasing demand for EVs in the country is expected to drive the market for beryllium during the forecast period.
  • In the 2022 defense budget, the US government allotted USD 768.2 billion for national defense programs, about a 2% increase from the Biden administration's original budget request. This indicates that beryllium is becoming more widely used in the sector.
  • Beryllium metal is largely used in medical device manufacturing. In the United States, the medical device industry has grown substantially. More significant investment in R&D and medical technology development has resulted from increased demand for innovative products. Cardiology devices have been heavily utilized in the country for the last few years as the incidence of cardiovascular diseases has been growing. Cardiology devices will be worth approximately USD 18.2 billion in 2021.
  • So, all of these things are likely to make more people want beryllium over the next few years.
Beryllium Market - Regional Trends

Beryllium Industry Overview

The beryllium market is highly consolidated in nature. The major players in this market (not in any particular order) include Materion Corporation, National Atomic Company Kazatomprom, NGK Metals Corporation, IBC Advanced Alloys, and American Elements, among others.

Beryllium Market Leaders

  1. Materion Corporation

  2. IBC Advanced Alloys

  3. NGK Metals Corporation

  4. National Atomic Company Kazatomprom

  5. American Elements

*Disclaimer: Major Players sorted in no particular order

Beryllium Market  Concentration
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Beryllium Market News

  • July 2022: Materion Corporation jointly commissioned a Molten Salt Purification Plant (MSPP) with Kairos Power at Materion's location in Elmore, Ohio, for the commercial production of Flibe, a molten salt coolant used in nuclear energy production. Materion is the only domestic supplier of the beryllium fluoride component for Flibe, a key component of this energy solution.
  • April 2022: IBC Advanced Alloys Corp., a beryllium and copper advanced alloys company, launched copper alloy casting at its new and expanded copper alloy foundry facility in Franklin, Indiana. The new facility's production launch is being consolidated and will be completed in the next two years with the three production facilities. The IBC team successfully produced several two-ton billets of beryllium-copper alloy material at the Franklin plant.

Beryllium Market Report - 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 Extensive Usage of Beryllium Alloys in Aerospace and Military Applications

      2. 4.1.2 Increasing Usage in Medical Equipment Owing to its Superior Properties

    2. 4.2 Restraints

      1. 4.2.1 Competition from Potential Alternatives

    3. 4.3 Industry Value Chain 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. 5. MARKET SEGMENTATION (Market Size in Volume)

    1. 5.1 Product Type

      1. 5.1.1 Alloys

      2. 5.1.2 Metals

      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 Automotive

      3. 5.2.3 Healthcare

      4. 5.2.4 Aerospace and Defense

      5. 5.2.5 Oil and Gas

      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 Unites States

        2. 5.3.1.2 China

        3. 5.3.1.3 Mozambique

        4. 5.3.1.4 Brazil

        5. 5.3.1.5 Other Countries

      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 Unites States

          2. 5.3.2.2.2 Canada

          3. 5.3.2.2.3 Mexico

        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 **/Ranking 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 Hunan Shuikoushan Nonferrous Metals Group Co. Ltd

      5. 6.4.5 IBC Advanced Alloys

      6. 6.4.6 Materion Corporation

      7. 6.4.7 NGK Metals

      8. 6.4.8 Texas Mineral Resources Corp.

      9. 6.4.9 National Atomic Company Kazatomprom

      10. 6.4.10 Tropag Oscar H. Ritter Nachf GmbH

      11. 6.4.11 Xiamen Beryllium Copper Technologies Co. , Ltd.

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

    1. 7.1 Future Demand for Beryllium Oxide in Nuclear Power Generation

    2. 7.2 Emerging Applications of Beryllium Mirrors

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Beryllium Industry Segmentation

Beryllium is a gray metal with chemical properties similar to those of aluminum and is brittle at room temperature. 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 extending the service life. The market is segmented based on 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 also covers the size and forecasts for the market in 11 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (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
Geography
Production Analysis
Unites States
China
Mozambique
Brazil
Other Countries
Consumption Analysis
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
Unites States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Russia
Rest of Europe
Rest of the World
South America
Middle-East and Africa
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Beryllium Market Research FAQs

The Beryllium Market size is expected to reach 608.58 tons in 2024 and grow at a CAGR of 3.5% to reach 722.84 tons by 2029.

In 2024, the Beryllium Market size is expected to reach 608.58 tons.

Materion Corporation, IBC Advanced Alloys, NGK Metals Corporation, National Atomic Company Kazatomprom and American Elements are the major companies operating in the Beryllium Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Beryllium Market.

In 2023, the Beryllium Market size was estimated at 587.28 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

Statistics for the 2024 Beryllium market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Beryllium analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Beryllium Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)