The beryllium consumption in the US is forecasted to decline from 142.5 metric tons in 2024 to 126.28 metric tons by 2028, indicating a steady year-on-year decrease. Up to 2023, the actual consumption amounted to an undisclosed figure we will refer to as our baseline. The year-on-year decline from 2024 to 2025 is projected at approximately -2.9%, continuing at -2.95% in 2026, -2.99% in 2027, and -3.09% in 2028. The compound annual growth rate (CAGR) over this five-year period is anticipated to be around -2.94% per annum.
Future trends to watch for include potential impacts of technological advancements and regulatory changes on beryllium demand. Increasing alternatives or substitutes in key industries may further influence consumption rates. Stakeholders should monitor innovation in electronics and defense sectors, which traditionally drive beryllium usage, to anticipate shifts in market dynamics.
