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Beryllium Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

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  • 120 Pages
  • April 2023
  • Region: Global
  • Mordor Intelligence
  • ID: 5305454
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.

Key Highlights

  • 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.

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 Competitor Analysis

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.

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Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study



4.1 Drivers
4.1.1 Extensive Usage of Beryllium Alloys in Aerospace and Military Applications
4.1.2 Increasing Usage in Medical Equipment Owing to its Superior Properties
4.2 Restraints
4.2.1 Competition from Potential Alternatives
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 Production Analysis Unites States China Mozambique Brazil Other Countries
5.3.2 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

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 National Atomic Company Kazatomprom
6.4.10 Tropag Oscar H. Ritter Nachf GmbH
6.4.11 Xiamen Beryllium Copper Technologies Co. Ltd.

7.1 Future Demand for Beryllium Oxide in Nuclear Power Generation
7.2 Emerging Applications of Beryllium Mirrors

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • American Beryllia Inc.
  • American Elements
  • Belmont Metals
  • Hunan Shuikoushan Nonferrous Metals Group Co. Ltd
  • IBC Advanced Alloys
  • Materion Corporation
  • NGK Metals
  • Texas Mineral Resources Corp.
  • National Atomic Company Kazatomprom
  • Tropag Oscar H. Ritter Nachf GmbH
  • Xiamen Beryllium Copper Technologies Co. , Ltd.