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Beryllium hydroxide Market By type (Technical Grade, Refined Grade) By Application type (Beryllium Oxide, Beryllium Metal, Beryllium Alloys) By End-use (Aerospace, Automotive, Energy, Medical, Defence, Electrical and Electronics, Others) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2028

About this report

The Beryllium hydroxide market report explores the critical analysis of the industry using key parameters. The report consists of investment strategies, the need for investments in the Beryllium hydroxide market industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Beryllium hydroxide market industry, as well as how economic and non-economic barriers are helping the Beryllium hydroxide market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

beryllium-hydroxide-market

Key Highlights of the report

How are the major segments performing in the Beryllium hydroxide Market?

  • In 2021, the technical grade will be the leading segment in the component, due to the high utilization of beryllium hydroxide in laboratory glassware or as a raw material in production. 
  • In 2021, beryllium alloys will be the leading segment of the beryllium hydroxide market due to increased demand for electrical and electronic goods and beryllium lead and alloys. Moreover, the automobile is the major factor driving the beryllium hydroxide market growth. 
  • In 2021, the aerospace segment in end-use mode led the market due to factors such as lightweight materials. Rapid urbanization with increasing GDP in developed and emerging countries such as the United States and others is also expected to increase the demand for beryllium hydroxide. These factors are contributing to the segment's expansion. 

Which Region dominated the Beryllium hydroxide Market?

In 2021, North America dominated the highest market share in the global beryllium hydroxide market. North America has seen growth and is expected to provide the beryllium hydroxide market suppliers and several opportunities. In North America, the rise of the beryllium hydroxide market is likely to be aided by increasing energy consumption and its wide portion of the beryllium hydroxide market. The modern technology in the United States gives a growth opportunity to this sector, and they are the largest market for beryllium hydroxide in North America. Furthermore, the high variety of applications such as military, automotive and other industries are predicted to increase the beryllium hydroxide market in this region. 

What is the competitive environment of the Beryllium hydroxide Market?

The beryllium hydroxide industry's competitive environment offers information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the beryllium hydroxide market share globally, the business organization overview, the collaboration of the companies, and the opportunities for the industrial beryllium hydroxide market. For instance, in July 2022, Materion corporation collaborated with Kairos Power for the production of Flibe in Ohio, U.S. Similarly, in July 2021, Materion Corporation expanded its ToughMet product line with ToughMet 2 CX90 alloy, which is mainly used in construction, mining, and forestry equipment as well as manufacturing equipment and industrial pump applications.

Executive Summary

How does the Aerospace industry enhance the growth of the Beryllium Hydroxide Market?

The growing aerospace industry worldwide is expected to aid the market growth during the forecast period due to the increasing air passenger traffic globally and many governments' rising spending on military and defense budgets. According to the SIPRI (Stockholm International Peace Research Institute) organization's 2021 report, Global military spending in 2020 is estimated at USD 18.1 billion highest level since 1988-the first year. SIPRI has a composition of Estimated total military spending in the world. World military spending in 2020 was 9.3%, 2.6% higher than in 2019 on a real basis, and higher than in 2011. U.S. military spending 4.4% growth in 2020, USD 778 billion, China (1.9%), India (2.1%), Russia (2.5 percent), and the United Kingdom (2.9%) all military spending in 2020. Thus, the increasing adoption of military aircraft is expected to increase the demand for beryllium hydroxide, supporting the market growth during the forecast period.

Which are the key investments by the players in the Beryllium Hydroxide Market?

Beryllium hydroxide is mostly used in many end-use industries such as automotive, aerospace, and others. Thus, the growth of these automotive and aerospace industries increases the demand for beryllium hydroxide products due to their advantages. Moreover, companies are investing more in the beryllium hydroxide market. For instance, in October 2021, IBC advanced alloys corporation announced that it had closed on initial funding with global fund II, LP, which The Lind Partners LLC manages. Therefore, these investments and funding are expected to drive the beryllium hydroxide market during the forecast period.

Some of the major players in the market are Materion Corporation, Ulba Metallurgical Plant JSC, IBC Advanced Alloys Corp., American Elements, and Others.

What are the Major Driving Factors for the Beryllium Hydroxide Market?

Increasing demand for electrical and electronics goods with increased use of beryllium lead alloys is expected to grow during the forecast period. In addition, with the increasing population and rising urbanization, the need for electrical equipment and biomedical devices also increased. Furthermore, rising telecommunication networks, automotive sales and the need for highly secure systems are driving the market growth. Automobiles are one of the major drivers of the global beryllium hydroxide market's rising demand. These factors are expected to drive the growth of the beryllium hydroxide market. 

What are the Major Risks for the Beryllium Hydroxide Market?

The production of chemicals and extraction techniques associated with high costs hamper the market growth. Furthermore, the strict government regulations and compliance across the countries are expected to hamper the market growth. Additionally, beryllium is hazardous for workers, leading to serious health problems that negatively affect market growth. These factors are restraining the growth of the beryllium hydroxide market during the forecast period.  

Which is the key End-user in the Market Beryllium Hydroxide Market

The end-user segment is categorized into aerospace, automotive, energy, medical, defense, electrical, electronics, and others. The aerospace segment dominates the beryllium hydroxide market due to lightweight materials. Rapid urbanization with increasing GDP in developed and emerging countries such as the United States and others is also expected to increase the demand for the beryllium hydroxide market. These factors are contributing to the segment's expansion. Moreover, beryllium is majorly utilized as alloying in the production of beryllium copper, which is used for springs, electrical connections, and many others. Furthermore, the automotive segment is dominating the market during the forecast period.

How is the Beryllium Hydroxide Market performing in regions?

In 2021, North America dominated the highest market share in the global Beryllium hydroxide market. The modern technology in the United States gives a growth opportunity to this sector, and they are the largest market for beryllium hydroxide in North America. In North America, the rise of the beryllium hydroxide market is likely to be aided by increasing energy consumption and its wide portion of the beryllium hydroxide market. Furthermore, the high variety of applications such as military, automotive, and other industries are predicted to increase the beryllium hydroxide market in this region. North America has seen growth and is expected to provide the beryllium hydroxide market suppliers and several opportunities.

The Asia Pacific is expected to grow considerably due to rising demand for electric and electrical goods. The increasing popularity of automobiles has increased the demand for beryllium hydroxide in this Region. This Region has become a valuable market for the beryllium hydroxide industry. Moreover, the rising need for strong metals and light is used in telecommunications and information technology manufacturing, and other industries are developing the beryllium hydroxide market. These factors are expected to increase the growth of the beryllium hydroxide market in the Asia Pacific region.

What is the regulatory landscape for the Beryllium Hydroxide Market?

The regulatory landscape for this market is that governments support beryllium hydroxide used. The benefits of beryllium hydroxide such as lightweight, stiffness, high melting point, high heat absorption capacity, and others. Besides that, many government organizations such as OSHA (occupational safety and health administration) and others applied some regulations on workers working in manufacturing plants due to the hazardous health effects.

What is the Market Size of the Beryllium hydroxide regarding value?

The Beryllium hydroxide market is anticipated to grow at a substantial CAGR of 2.90% in the upcoming years. The global Beryllium hydroxide market industry was estimated to be worth USD 352.5 billion in 2021 and was expected to be worth USD 418.45 billion by 2028.

What are the major players planning for the future of the Beryllium Hydroxide Market?

The key players in the beryllium hydroxide market are investing heavily in expansion to increase their production and global market presence. For instance, in April 2022, IBC advanced alloys corporation announced its new production facility in Franklin, Indiana. Additionally, the future scenarios indicate that well-known market players would make major investments in start-ups and medium-sized businesses to provide effective solutions to the industry. For instance, in November 2021, Materion Corporation announced that it had completed the acquisition of H.C. Starck Solutions. 

Segmentation of Global Beryllium hydroxide Market-

Beryllium hydroxide market– By type

  • Technical Grade
  • Refined Grade

 Beryllium hydroxide market– By Application type

  • Beryllium Oxide 
  • Beryllium Metal
  • Beryllium Alloys 

Beryllium hydroxide market– By End-use

  • Aerospace 
  • Automotive  
  • Energy 
  • Medical 
  • Defence 
  • Electrical and Electronics
  • Others

Beryllium hydroxide Market– By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently Asked Questions (FAQs):

Increasing demand for electrical and electronics goods with increased use of beryllium lead alloys is expected to grow during the forecast period. In addition, with the increasing population and rising urbanization, the need for electrical equipment and biomedical devices also increased. Furthermore, rising telecommunication networks, automotive sales and the need for highly secure systems are driving the market growth.

The Beryllium hydroxide market is anticipated to grow at a substantial CAGR of 2.90% in the upcoming years. The global Beryllium hydroxide market industry was estimated to be worth USD 352.5 billion in 2021 and was expected to be worth USD 418.45 billion by 2028.

North America has seen growth and is expected to provide the beryllium hydroxide market suppliers and several opportunities.

The main competitors dominating the global beryllium hydroxide market include Materion Corporation, Ulba Metallurgical Plant JSC, IBC Advanced Alloys Corp., American Elements, and Others.

Beryllium hydroxide Market

Report Attribute Details
Market Value in 2021 USD 352.5 billion
Market Value in 2028 USD 418.45 billion
CAGR 2.90%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Sep 2022
Category:  Chemicals
Report ID:   60639
Report Format:   PDF
Pages:   180
Rating:    4.8 (12)
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