Beryllium Aluminum Alloy Market Segments, Opportunity, Growth and Forecast by End-use Industry 2015 - 2025
Aluminum is one of the most abundant elements that are found in the earth’s crust. It is characterized by properties such as low density, corrosion resistance, high strength and easy machinability. These favourable properties have helped aluminum to emerge as one of the most widely used metals. Beryllium, on the other hand, is a relatively rarer element which exhibits desirable properties – electrical, mechanical and thermal. However, beryllium is difficult to machine as compared to other metals. Also, being one of the rarer elements, it is relatively more expensive. An alloy of the two aforementioned metals, namely Beryllium & Aluminum, on the other hand is an effective metal alloy that possesses desirable characteristics of the two metals and at the same time overcomes some of their drawbacks. It exhibits high stiffness and a low coefficient of thermal expansion. Beryllium Aluminum Alloy market is expected to witness a steady growth in its market value during the forecast period.
Beryllium Aluminum Alloy Market: Drivers & Restraints
The demand for beryllium aluminum alloy is expected to witness a steady growth during the forecast period in turn resulting in a steady growth of global beryllium aluminum alloy market.
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Increasing spending in defence and aerospace sectors is expected to emerge as a primary growth driving factor for the global Beryllium Aluminum Alloy market during the forecast period. Another factor that is likely to drive the growth of global Beryllium Aluminum Alloy market is the growth in end use industries such as electronics and electrical and automotive among the others.
Beryllium Aluminum Alloy Market: Segmentation
On the basis of type of products, global Beryllium Aluminum Alloy market can be segmented into following key market segments:
Automotive
Defence and Aerospace
Electronics and Electrical
Others
Beryllium Aluminum Alloy Market: Region-wise Outlook
On the basis of geographic regions, global Beryllium Aluminum Alloy market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa.
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Beryllium Aluminum Alloy Market: Key Players
Some of the identified major players operating in the global Beryllium Aluminum Alloy market are as follows:
Materion Corporation
IBC Advanced Alloys Corp
American Elements
Fuyun Hengsheng Beryllium Industry Co., Ltd
Ulba Metallurgical Plant JSC