Beryllium Hydroxide Market by End user and Geography - Forecast and Analysis 2021-2025

The beryllium hydroxide market share is expected to increase by USD 39.27 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 1.92%.

The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (industrial components and aerospace, consumer electronics, automotive, energy, and others) and geography (North America, APAC, Europe, South America, and MEA).

The beryllium hydroxide market report also offers information on several market vendors, including American Beryllia Inc., American Elements, Angene International Ltd., Materion Corp., NAC Kazatomprom JSC, NGK Metals Corp., Rosewa Holding Group Co. Ltd., and Thomas Baker (Chemicals) Pvt. Ltd. among others.

American Beryllia Inc. - The company offers beryllium hydroxide for national laboratories, universities, and commercials. Under the unified segment, the company manufactures beryllium oxide for all operations such as drilling, metalizing, lapping, polishing, and dicing.

What will the Beryllium Hydroxide Market Size be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global beryllium hydroxide market as a part of the global commodity chemicals market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the beryllium hydroxide market during the forecast period.

Beryllium Hydroxide Market: Key Drivers, Trends, and Challenges

The growing demand from the automotive, aerospace and defence industry is notably driving the beryllium hydroxide market growth, although factors such as high extraction and production cost may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Beryllium Hydroxide Market Driver

• One of the key factors driving growth in the beryllium hydroxide market is the growing demand from the automotive, aerospace, and defence industry.
• The rise in government defence expenditure in countries across the globe is expected to drive the consumption of beryllium hydroxide in the defence industry during the forecast period.
• Beryllium hydroxide is also used in manufacturing automotive parts as they are lighter and help replace heavier parts.
• Factors such as increasing industrialization and the rising production of automobiles and industrial components are driving the consumption of beryllium hydroxide in the region.
• Rapidly growing end-user industries, competitive manufacturing costs, and high economic growth rates are the main factors that support the growth of the market in end-user industries such as automotive, aerospace, and defence.

Key Beryllium Hydroxide Market Trend

• The growing demand for highly secure defence systems is another factor supporting the beryllium hydroxide market share growth.
• The US, China, India, and Russia are some of the countries with the highest defence budgets, and these countries are directing significant amounts of funds to the development of the most advanced and lethal weapons and arms. Over the past decades, a number of territorial and maritime conflicts among nations have challenged world peace. Such tensions prevailing among these countries have promoted the development and procurement of advanced weapons that can travel a long distance, have a high rate of accuracy, high travel speed, and are high on lethality.
• The military requirements have made government agencies rework their respective defensive strategies and increase the demand for highly secure defence systems, including missile guidance systems. This is expected to boost the demand for beryllium hydroxide in the defence industry.

Key Beryllium Hydroxide Market Challenge

• The high extraction and production costs will be a major challenge for the beryllium hydroxide market during the forecast period.
• The manufacturing and energy costs to convert the ore into beryllium increases the manufacturing cost of beryllium.
• The extraction of beryllium using the melt method involves grinding beryl into a powder and heating it to 1,650 °C (3,000 °F), which is then converted into beryllium hydroxide. After this, hydroxide is purified and then reacted with ammonium bifluoride to form ammonium beryllium fluoride. It is then reduced to beryllium.
• The complex production process of platinum and the excessive cost associated with it act as challenges to the growth of the global beryllium hydroxide market.

This beryllium hydroxide market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Beryllium Hydroxide Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the beryllium hydroxide market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Beryllium Hydroxide Market?

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49% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for beryllium hydroxide in North America. Market growth in this region will be faster than the growth of the market in the European and MEA regions.

The rapid expansion of the manufacturing industry and the presence of a well-established automotive industry will facilitate the beryllium hydroxide market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The demand for beryllium hydroxide for industrial component manufacturing declined during the first half of 2020 owing to disruptions in the supply chain and the suspension of production operations at several manufacturing plants led by the COVID-19 outbreak. However, the recovery of economies in the region from the COVID-19-induced crisis and the reopening of several manufacturing facilities are anticipated to propel the growth of the regional market during the forecast period.

What is the Fastest-Growing End-user Segment in the Beryllium Hydroxide Market?

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The beryllium hydroxide market share growth by the industrial components and aerospace segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the beryllium hydroxide market size and actionable market insights on the post-COVID-19 impact on each segment.

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What are the Key Data Covered in this Beryllium Hydroxide Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive beryllium hydroxide market growth during the next five years
• Precise estimation of the beryllium hydroxide market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the beryllium hydroxide industry across North America, APAC, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive analysis of factors that will challenge the growth of beryllium hydroxide market vendors

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