Global Beryllium Market: Overview:
Beryllium is a steel-gray metal that is quite brittle at room temperature, and its chemical properties somewhat resemble those of aluminum. Beryllium is a chemical element with the symbol ‘Be’ and atomic number 4. Beryllium is a silvery-white metal. It is relatively soft and has a low density. The gemstones beryl and emerald are both forms of beryllium aluminum silicate. Beryllium is found in beryl and emerald, minerals.
Global Beryllium Market: Growth Factors:
Rapid industrialization and increasing demand for beryllium and beryllium products form aerospace for the structural material, inertial guidance system, additives in solid, etc. are major factors driving the growth of the global beryllium market. In addition, beryllium’s wide application in telecommunication, consumer electronics, energy, and other industrial sectors is another factor driving the growth of the global beryllium market. Moreover, increasing demand for beryllium in medical imagining for better imaging quality, increase strength and stability, etc. is another factor expected to support the growth of the global beryllium market.
However, the high cost of beryllium and harmful side effects of beryllium on human health such as berylliosis are major factors restraining the growth of the global beryllium market. In addition, rising environmental concern and the availability of various substitute are other factors expected to challenge the growth of the global beryllium market.
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Global Beryllium Market: Segmentation:
Others (Oil & Gas, and Healthcare)
Global Beryllium Market: Regional Analysis:
North America market is expected to continue its dominance in the global beryllium market over the forecast period. This can be attributed to increasing demand from the aerospace sector, wide application in medical imagining, and presence of prominent market players operating in this region.
According to U.S. Geological Survey in 2017, consumption of 210-ton beryllium was valued at about $107 Mn.
Asia Pacific market is expected to account for significant revenue share to the global beryllium market, owing to increasing demand for beryllium from consumer sectors such as electronic, telecommunication, etc. and presence of major manufacturing units in emerging economies in this region.
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Global Beryllium Market: Regional Segment Analysis:
Middle East & Africa
What Report Provides:
Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Assessment of niche business developments
Market share analysis
Key ways of major players
Emerging segments and regional markets