The Global Beryllium Matrix Composites Market is projected to reach USD 151.3 million by 2028, growing at a CAGR of 7.5% during the forecast period.
Global Beryllium Matrix Composites Market
Beryllium matrix composites are composites in which the matrix is made from beryllium or beryllium alloys irrespective of the fibers being used. These composites provide high modulus to density ratio minimizes flexure and reduces the chance of mechanically induced failure.
Based on type, the beryllium matrix composites market is segmented into beryllium copper alloy, beryllium aluminum alloy and others. The beryllium aluminum alloy segment is expected to dominate the beryllium matrix composites market during the forecast period. This is mainly due to their light weight which makes them very attractive to several automotive and aerospace applications.
The increasing demand for light-weight automotive components is driving the beryllium matrix composites market. Automakers are opting for these to meet strict fuel economy demand as they are lightweight and provide a high modulus. The main challenge has been to reduce the weight of vehicles without compromising with performance, comfort, and safety offered by conventional materials, BMCs are the convenient option to meet this demand. The study has catered to develop BMCs that have self-repairing, self-lubricating, and self-cleaning properties, which are expected to increase their demand from the automotive industry during the forecast period.
Global Beryllium Matrix Composites Market
North America is expected to lead among other regions in the beryllium matrix composites market. The demand for metal matrix composites is high in the North American region due to the strong demand from the aerospace, defense, automobile, etc. The aerospace & defense industry of the United States is the largest in the world. The export value of the United States was almost USD 1.5 trillion, with a major share in exports held by commercial aircraft. The growing investments in the defense and automotive sector in the region are contributing to the growth of the beryllium metal matrix composites market in the coming years.
Key Factors Impacting the Growth of Beryllium Matrix Composites Market:
- Lightweight and high modulus to density ratio.
- High demand from the automotive industry.
- Increasing adoption in aircraft in both commercial and defense applications.
Key Developments in the Beryllium Matrix Composites Market:
- In January 2018, Materion (US) was awarded a contract by UTC Aerospace Systems for AlBeMet® metal matrix composite (Aluminum Beryllium) parts for its MS-177 long-range, multi-spectral imaging (MSI) sensor. The sensor is currently undergoing integration testing and qualification for the Northrop Grumman RQ-4B Global Hawk Unmanned Aircraft System (UAS).
What Does This Report Provide?
This report provides a detailed understanding of the global beryllium matrix composites market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the beryllium metal matrix composites market during the forecast period and an in-depth analysis of the leading companies operating in the beryllium matrix composites market.
By End-Use Industry:
- By Country (US, Canada, Mexico)
- By Country (Germany, UK, France, Spain, Rest of Western Europe)
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Country (China, Japan, India, Rest of Asia Pacific)
- By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
- By Region (South America, Africa)
Companies Covered: 3M, Adma Product, Alstrong Enterprises, Ametek, Daewha Alloytech, Daido Metal, Sandvik, GKN, Materion, Hitachi Metals, Metal Matrix Cast Composites, and Tisics Ltd
CAGR % (2019-2028)
Reasons to Buy This Report:
- Market size estimation of the global beryllium matrix composites market on a regional and global basis.
- The unique research design for market size estimation and forecast.
- Profiling of major companies operating in the beryllium metal matrix composites market with key developments.
- Broad scope to cover all the possible segments helping every stakeholder in the market.
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