Global Beryllium Market is valued at USD 124.6 Million in 2016 is anticipated to grow USD 80.7 Million with the compounded annual growth of -4.71% over the forecast period 2017-2025.
New York 28 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Beryllium industry is poised to raise USD 80.7 Million by 2025. Some key components for the market development will be; advancement of the use of the metal and its alloys in key application industries including aerospace & defense, telecommunications, and consumer electronics is expected to drive market growth over the next eight years.
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The industry seems to be fairly competitive. Some of the leading market players include the Materion Corporation, Texas mineral resources corp., American Berrylia Inc., IBC advanced alloys, Belmont Metals Inc., and so on. Other market players discussed in the report include American elements, NGK BERYLCO, AMG advanced metallurgy group. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Dimensional stability at different temperatures is likely to drive the demand for the product.
- Properties offered by alloys such as electrical conductivity, corrosion resistance, and long-lasting spring are expected to drive product demand.
- Key opportunities for recycling the metal out of scrap is also expected to provide new opportunities for the market players.
- Rising demand for third-generation and fourth-generation technologies enhancing mobile communications power and bandwidth speed is further expected to drive the product demand
Bizwit Research & Consulting LLP has considered following segments for the study:
- Consumer electronics
- Automotive electronics
- North America
- Asia Pacific
- Latin America
- Rest of the World