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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.
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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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