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Global Beryllium Hydroxide Market to Grow at a CAGR of 1% During 2021-2026, Aided by the Growing R&D activities

According to a new report by EMR titled, ‘Global Beryllium Hydroxide Market Report and Forecast 2021-2026’, the market is expected to grow at a CAGR of 1% in the forecast period of 2021-2026.

North America is one of the key markets for beryllium hydroxide owing to the robust growth of economies in the region. The availability of advanced technology in the region complemented the growth opportunities in the industry. Rapid urbanisation is expected to increase the demand for the product in regions such as the Asia Pacific and the Middle East and Africa.

The leading players in the industry are investing heavily in  R&D activities and the construction of the ITER fusion reactor. This is expected to guide the market growth. In 2020, IBC Advanced Alloys Corp., (TSX-V: IB; OTCQB: IAALF), a leading beryllium advanced alloys company, announced the agreement with a major U.S. defence contractor for the supply of investment-cast, beryllium-aluminium components worth USD 1.9 million. Such developments in the industry are boosting the market growth of beryllium hydroxide.

Market Analysis by Type, Application, End Use, and Region:

  • The market on the basis of type can be divided into technical grade and refined grade.
  • Based on application, the industry can be divided into beryllium oxide, beryllium metal, and beryllium alloys. 
  • The end-use segments for beryllium oxide include aerospace, automotive, energy, medical, defence, and electrical and electronics, among others.
  • The regional markets for beryllium hydroxide include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global beryllium hydroxide industry is being driven by the growing demand for the automotive defence sector.
  • The market growth is complemented by the rapid urbanisation and increasing industrialisation.
  • The growing research and development activities, coupled with the construction of ITER fusion reactors are expected to boost the market growth.
  • The rapid technological advancements in the industry are anticipated to provide positive prospects for the global beryllium hydroxide industry growth.
  • Furthermore, the growing demand for beryllium oxide, beryllium metal, and beryllium alloys is aiding the beryllium hydroxide industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global beryllium hydroxide market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the type, application, end use, and regions of beryllium hydroxide.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for beryllium hydroxide are Materion Corporation, Ulba Metallurgical Plant JSC, IBC Advanced Alloys Corp., and American Elements, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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