According to a recent market study published by Growth Market Reports, titled, “Global Beryllium Copper Wires, Tubes, & Strips Market” by grade, type, and end-use industry, by region: Size, Share, trends and opportunity Analysis, 2015-2030”, the market was valued at USD 1,107.5 Million in 2021 and is expected to grow at a growth rate of 6.4% by the year 2030.

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As per Growth Market Reports industry analyst Divjot Singh, “Global Beryllium Copper Wires, Tubes, & Strips Market” is anticipated to witness significant growth during the forecast period 2022-2030. A high-strength, dull, non-magnetic copper alloy, beryllium copper is sometimes referred to as beryllium bronze and spring copper. High thermal conductivity and resistance to corrosion in aquatic environments are two characteristics. Various fields of use and industry employ beryllium copper. Electronic connectors, telecommunications gear, computer components, and tiny springs all regularly use beryllium copper.

Key factors such as rising demand for consumer electronics and abundant availability of copper are anticipated to propel the growth of the market during the forecast period.

The supply chain is a system between a company and its suppliers to manufacture and distribute particular products to the final buyers. This system includes different activities, information, entities, people, and resources. Entities involved in the copper beryllium wires, tubes, and Strips supply chain include manufacturers, suppliers/distributors, and end-users. Presence of major suppliers and distributors, adoption of technologies, availability of raw materials, and presence of an integrated logistics industry are some factors that strengthened the supply chain of beryllium copper in developed region.

The primary as well as secondary research methodology is used for keen observation and study of the global beryllium copper, wires, tubes, and strips market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments.

Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand for beryllium copper, wires, strips, and tubes in the crises of global interdependence and governance challenges. Pandemic is the isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. During the pandemic situation, strict measures were taken for monitoring the circumstances, which in turn, affect the beryllium copper manufacturers causing unanticipated short and long-term effects such as halt in productions, limited or no supply of raw material supply across region.

In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In the current scenario, post-COVID-19, the production process of beryllium copper wire, tubes, and strips has been resumed. Moreover, globally the demand for copper beryllium has regained in several industries as several manufacturing industries have resumed.

Key Takeaways from the Study

  • The players include Savoy piping Inc., Morgan Bronze Products, Inc., Xiamen Beryllium Copper Technical Co., Ltd., American Elements, Multimet Overseas, NGK INSULATORS, AMPCO METAL, Aviva Metals, Hangzhou Cuberyllium Metal Technology Co.,Ltd., Sichuan Kepai New Material Co., Ltd, Kalpataru Piping Solutions, Materion Corporation, IBC Advanced Alloys, and KAZATOMPROM.
  • Based on grade the global beryllium copper, wire, tubes and strips market is segmented into C17200, C17500, C17510, and Others. the C17200 segment is projected to acquire significant market share. The growth of the market is attributed to the rapid adoption of C17200 grade beryllium copper in electrical & electronics and automotive industries as C17200 grade exhibits properties such as good thermal conductivity and high corrosion resistance and is good conductor of heat and electricity.
  • In terms of type the global beryllium copper, wire, tubes and strips market is fragmented into wires, tubes, and strips. The wire segment is anticipated to acquire significant market share during the forecast period. The growth of the market is attributed to the increasing usage of beryllium copper wire in electronic and electrical component and devices such as electronic connectors, telecommunications products, computer components, and small springs owing to its high electrical and thermal conductivity and high ductility properties.
  • Based on end-use industry the beryllium copper wires, tubes, strips market is segmented into automotive, electrical and electronics, marine, oil & gas, and others. The electrical and electronics segment is anticipated to dominate the market. Rising usage of beryllium copper tubes, wires and strips in electrical & electronic equipment such as cell phones, tablets, computers, televisions, radios due to its properties such as corrosion resistant, having low electrical resistivity, and being lightweight which increases the demand of beryllium copper alloy products in electrical & electronic industry.
  • Asia Pacific is expected to dominate the market during the forecast period, owing to the rising investments in automotive and electronic manufacturing industries as well as the presence of large-scale industries and the increasing adoption of automotive and consumer electronics in the region.

Scope of Beryllium Copper Wires, Tubes, & Strips Market Report

 

Report Metric

Details

Market Value in 2021

USD 1,107.5 Million

Market Growth Rate (from 2020 to 2028)

6.4%

Historical Data

2019 & 2020

Base Year

2021

Forecast Period

2021 – 2030

Units Considered

Value (USD Million)

Market Segments

By Grade, By Type, and By End use Industry

Key Companies Profiled

Savoy piping Inc., Morgan Bronze Products, Inc., Xiamen Beryllium Copper Technical Co., Ltd., American Elements, Multimet Overseas, NGK INSULATORS, AMPCO METAL, Aviva Metals, Hangzhou Cuberyllium Metal Technology Co.,Ltd., Sichuan Kepai New Material Co., Ltd, Kalpataru Piping Solutions, Materion Corporation, IBC Advanced Alloys, and KAZATOMPROM.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturer
  • Demand Side: Automotive industry, electrical & electronics industry, marine, oil & gas industry.
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.
  • Associations and Industry Bodies: U.S. Geological survey, Occupational Safety and Health Administration.