Beryllium Alloys Market: Introduction
Beryllium on earth is found in combined states with other elements, the prominent ones being bertrandite (beryllium silicate) and beryl (beryllium aluminium silicate).
Beryllium is alloyed with nickel or copper to increase its thermal and electrical conductivity. Some of the products in which Beryllium alloy is used are springs, gyroscopes, electrical contacts, non-sparking tools and spot-welding tools.
One of the noteworthy Beryllium alloys is Beryllium Copper alloy, which is used in manufacturing of components that are stable, inert and emission free. Beryllium alloys exhibit better strength, elasticity and resilience, which make the Beryllium alloys find greater use in more number of applications than Copper or Beryllium.
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Electronic connectors incorporate copper terminals because the electrical conductivity provided by copper is considerably high. The connectors undergo reduction in strength when they are used at high temperatures. In order to overcome this, Beryllium Copper alloy is used where the connector has to be put into use at elevated temperatures such as in aircraft applications, automobile engine and transmission control systems, household appliances such as washing machines, coffee makers and dishwashers.
Beryllium Nickel Alloys are resistant to corrosion, have high electrical conductivity and formability. Beryllium Nickel Alloys are mostly used in fire detection equipment, household oven controls and in exhaust control systems and high temperature automotive engines.
Beryllium Alloys Market: Market Dynamics
Robust advancement in the Telecom Sector is expected to fuel the demand for Beryllium alloys, which are used in Optical Transmission Tools. Stable Research & Development investments in Beryllium Alloys Technology is expected to increase the consumption of Beryllium Alloys.
Beryllium Aluminium alloys exhibit high performance and offer reduced cost replacement material for cast magnesium, aluminium, titanium, non-metallic composite, metallic composites and powder metallurgy beryllium aluminium having applications in automotive braking, disk drive armatures and satellite system components and in aerospace industry, which result in the greater use of Beryllium Alloys, in turn driving the Beryllium Alloys Market.
It is expected that, as the Electronics and Electrical industry grows, the application of Beryllium Alloys (Beryllium Aluminium alloys) will also surge, thus bolstering the market growth of beryllium alloys.
One of the major restraints for Beryllium Alloys market is the cost of Beryllium Metal, which is exceptionally higher than its competitive alloys such as Copper alloys comprising nickel and silicon, titanium, tin or phosphor bronze alloys (copper-tin-phosphorus) or other alloying elements.
In some applications such as nuclear, optical and X-ray, alloy properties are deteriorated and hence only Beryllium Metal can be used. This is a major drawback expected to hamper the market growth to a great extent.
Beryllium Alloys Market: Market Segmentation
The Beryllium Alloy Market can be segmented on the basis of alloying element-
- Beryllium Copper Alloy
- Beryllium Aluminum Alloy
- Beryllium Nickel Alloy
- Others
The Beryllium Alloy Market can be segmented on the basis of end use industries-
- Aerospace and Defense
- Transportation
- Electronics & Electrical
- Automotive
- Others
Beryllium Alloys Market: Regional Outlook
In Asia Pacific region, especially in India and China, population is increasing considerably, which is expected to bolster the growth of electronic and telecom industry, which in turn is projected to increase the consumption of Beryllium Alloys, thus driving the Beryllium Alloys market.
China is expected to witness significant growth in Beryllium Alloys Market, as most of the leading manufacturers are from China.
The United States (Utah), Russia, China, Brazil and Zimbabwe are few countries, where mining of Beryllium is done. Currently, the United States and China have facilities to convert Beryllium into Beryllium Hydroxide, which is the raw material for Beryllium Alloys production. Owing to the aforementioned reasons, the beryllium alloys market in China and the U.S is expected to witness an exponential growth over the forecast period.
Technologically advanced companies in Canada is projected to contribute significantly to the growth of the beryllium alloys market in North America region.
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Beryllium Alloys Market: Market Participants
Examples of some of the market participants in the Beryllium Alloys Market are-
- Belmont Metals Inc
- Materion Corporation
- MGK Metals Corporation
- Cligen Steel
- National Bronze & Metal Inc.
- Ningxia Orient Tantalum Industry Co., Ltd
- ALB COPPER ALLOYS COMPANY LTD
- Ulba Metallurgical Plant JSC
- IBC Advanced Alloys Corp.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.