LONDON--(BUSINESS WIRE)--The global beryllium market is expected to reach 504.65 MT during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the market’s growth is the extensive use of beryllium in alloys. The high demand for beryllium can be attributed to its properties such as high specific heat. These properties make beryllium suitable for structural applications that require high thermal stability. Beryllium is commonly alloyed with copper, aluminum, and iron. In terms of manufacturing, beryllium alloys account for the largest share of the beryllium industry. Copper-beryllium alloy is commonly used and accounts for a major share of beryllium alloys in terms of production.
This market research report on the global beryllium market 2018-2022 further provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the research activities on beryllium alloy for superconductivity as one of the key emerging trends in the global beryllium market:
Global beryllium market: Research activities on beryllium alloy for superconductivity
Beryllium is mainly found in the form of alloys. Various institutes have combined researches to develop a superconductive beryllium alloy. The research is focused on a phase of beryllium and platinum, Be21Pt5. Initially, resolving the structure of beryllium-rich complex, metallic alloys was a challenge for the researchers because of the low X-ray scattering power of beryllium atom.
“Researchers were able to resolve the structure with the help of nuclear techniques, and neutron beams were used in combination with X-rays. The resolved crystal structure gave new insights into Be21Pt5. The alloy exhibits superconductivity at temperatures below 2K,” says a senior analyst at Technavio for research on metals and minerals.
Global beryllium market: Segmentation analysis
This market research report segments the global beryllium market into the following applications (electronics, industrial components, defense, and telecom) and key regions (the Americas, APAC, and EMEA).
The electronics segment held the largest market share in 2017, accounting for nearly 36% of the market. This application segment is expected to dominate the global market throughout the forecast period.
The Americas held the highest share of the global beryllium market in 2017, accounting for a market share of approximately 73%. The market share occupied by this region is anticipated to increase during 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market sizing
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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