The global beryllium hydroxide market is expected to grow at a CAGR of 1% in the forecast period of 2022-2027. The major players in the market include Materion Corporation, Ulba Metallurgical Plant JSC, IBC Advanced Alloys Corp., and American Elements, among others.
Beryllium hydroxide, more commonly known as hydrated beryllia, is a hydroxide with a chemical formula of BeH2O2, which can dissolve both in acids and alkalis. Industrially, the compound is obtained as a by-product during the extraction of beryllium metal from bertrandite and beryl ores.
The market is supported by the construction of the ITER fusion reactor, along with growing research and development activities. The technology required to produce this fusion is highly dependent on beryllium hydroxide. Along with this, the increasing demand for highly secure defence systems, increase in consumption of energy, rise in the sale of vehicles, and increased demand for enhanced communication networks, further favours the market growth of beryllium hydroxide.
The need for beryllium hydroxide has increased in order to get beryllium and its derivatives. The element is known for its permeability and conductivity to X-rays and can also be utilised as a neutron source with regard to its low atomic number.
Region-wise, North America enjoys a considerable share in the global beryllium hydroxide market due to the exponentially growing economies in the region. The United States has been the most important contributor to the region's market growth.
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|Headquarters:||Ohio, United States|
Materion is one of the world’s premier advanced materials solutions providers. The company strives hard to provide innovative material solutions to their customers’ technical challenges globally. The company is committed to developing, manufacturing, and marketing highly engineered advanced materials for global customers across a wide range of markets, including consumer electronics, defence and science, industrial and aerospace, automotive electronics, telecommunications infrastructure, appliances, medical and energy.
|Headquarters:||Ust-Kamenogorsk, Eastern Kazakhstan|
UMP JSC is a leading player in the market that is responsible for the production and delivery of world-class products. The company is involved in producing various products, such as nuclear fuel production for the nuclear industry, for which it is the largest in the CIS countries. They are also involved in the production of various beryllium products starting with crude ingots to finishing parts. Different other products include advanced production of HF acid and engineering tools facility, among others.
|Headquarters:||Indiana, United States|
IBC is a leader in the beryllium and copper advanced alloys market, hence serving various industries, such as defence, aerospace, automotive, precision manufacturing, and telecommunications, among others. Their alloy division is responsible for the manufacture and distribution of different copper alloys, such as castings and forgings that include beryllium copper, chrome copper, and aluminium bronze. IBC’s Engineered Materials Division makes the Beralcast® family of alloys, which can be precision cast and are used in an increasing number of defence and aerospace, among other systems, including the F-35 Joint Strike Fighter.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.