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.
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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.
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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.
Historic Year 2016, 2017
Base Year 2018
Forecast Period 2019-2028
CAGR % (2019-2028) 7.5%
Companies Covered: 3M, Adma Product, Alstrong Enterprises, Ametek, Daewha Alloytech, Daido Metal, Sandvik, GKN, Materion, Hitachi Metals, Metal Matrix Cast Composites, and Tisics Ltd
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.
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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