Beryllium-containing alloys are only used in critical locations in products where they provide a design solution based upon reliability, miniaturization, improved energy management, and for extending the service life.
Due to the COVID-19 pandemic, mining activities were disrupted, and airplane manufacturers also experienced severe disruptions in production, owing to the slowing demand in line with suspended international flights.
· In the short term, major factors such as increasing usage in medical equipment, owing to beryllium’s superior properties, and its extensive usage in aerospace and military applications are likely to drive the market.
· Availability of alternative substitutes can act as a barrier to the market studied over the forecast period.
· Future demand for beryllium oxide in nuclear power generation is likely to act as an opportunity in the future.
· North America dominated the global market with the largest consumption from countries such as the US and Canada.
Scope of the Report
Beryllium is a gray metal with chemical properties similar to aluminum and is brittle at room temperatures. The market is segmented based on the product type, end-user industry, and geography. By product type, the market is segmented into alloys, metals, ceramics, and other product types. By end-user industry, the market is segmented into industrial components, automotive, healthcare, aerospace and defense, oil and gas, electronics and telecommunication, and other end-user industries. The report also covers the size and forecasts for the market in 11 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (ton).
Download the report here: Beryllium Market