USD 37.09 million
Beryllium Hydroxide Market Size, Share, Growth Analysis, By Product(acrylamide crystals and acrylamide water solutions), By Application(water and wastewater treatment, enhanced oil recovery, paper manufacturing, cosmetics), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15J2029 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
65
|Figures:
77
Beryllium Hydroxide Market Insights
Beryllium Hydroxide Market size was valued at USD 37.09 million in 2022 and is poised to grow from USD 37.79 million in 2023 to USD 43.94 million by 2031, growing at a CAGR of 1.90% during the forecast period (2024-2031).
Beryllium Hydroxide is a hydroxide found in the atmosphere that dissolves in acids and alkalis. Be(OH)2 is the chemical formula for beryllium hydroxide. It is white in colour and composed of opaque crystals that are only slightly soluble in water. Beryllium hydroxide is produced as a byproduct of the extraction of beryllium metal from beryl and bertrandite ore. Beryllium is a chemical element that is a light silver-gray metal that is relatively soft and strong but brittle. Beryllium is the light metal with the highest melting point. It has excellent electrical and thermal conductivities, is nonmagnetic, and resists attacks from concentrated nitric acid. Because of its low atomic number, it has a high X-ray permeability.
Beryllium is found in a variety of mineral species, the most important of which are bertrandite, beryl, chrysoberyl, phenacite, and others. It is also used in high-speed aircraft, missiles, spacecraft, and communication satellites as a structural material. Other applications include windshield frames, brake discs, support beams, and so on.
Beryllium is also used in nuclear power plants and ceramics. It is used in gyroscopes, computer parts, and instruments that require lightness, stiffness, and dimensional stability. However, beryllium and its salts are toxic and should be handled with caution.
US Beryllium Hydroxide Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Technical grade
Fastest Growth
Technical grade
Growth Rate
1.90% CAGR
Global Beryllium Hydroxide Market, 2021-2030(Bn)
Country Share forNrth AmericaRegion- 2021 (%)
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Beryllium Hydroxide Market Segmental Analysis
The Global beryllium hydroxide is segmented into type and application. By type it is segmented into technical grade and Refined grade. On the basis of application it is segmented into aerospace, automotive, biomedical, defence, electrical, and telecommunications.
Analysis by Type
Global beryllium hydroxide is segmented into technical grade and Refined grade. Technical Grade, also known as Industrial Grade, is a type of steel that is commonly used for commercial or industrial purposes. In terms of purity and quality, it is the most generic grade of chemical. Technical grade chemicals are designed for non-critical processes like rinsing laboratory glassware or as raw materials in manufacturing. Technical grade holds the largest share in the global market. The refined grade of sodium bicarbonate is a versatile pure powder alkali used in industrial applications such as specialty chemical synthesis, high quality dyes, leather, metallurgy, and electronics.
Analysis by Application
The global market is divided into six applications: aerospace, automotive, biomedical, defence, electrical, and telecommunications. It is used in altimeters, braking systems, engines, and precision tools in aerospace. It is used in air-bag sensors, anti-lock brake systems, and steering wheel connecting springs in automobiles. It is used in biomedical applications such as dental crowns, medical laser components, and X-ray tube windows. It is used in heat shields, missile guidance systems, and nuclear reactor components in defence. It is used in heat exchanger tubes, microwave devices, relays, and switches in the energy and electrical industries. It is used in mobile phone components, electronic and electrical connectors, and undersea repeater housings in telecommunications.
Global Beryllium Hydroxide Market size by type, 2021(%)
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Beryllium Hydroxide Market Regional Insights
On the basis of region, it is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa(MEA). North America is expected to account for nearly half of the global Beryllium Hydroxide market. The United States is the most important market for beryllium hydroxide in North America. North America is the largest market for Beryllium Hydroxide, followed by Europe. North America has grown and is expected to provide suppliers and opportunities in the beryllium hydroxide market. The boom in the beryllium hydroxide market in North America is expected to be driven by rising energy consumption and the region's large share of the beryllium hydroxide market. Modern technology in the United States provides opportunities for growth in this sector, and they are North America's largest beryllium hydroxide market. Furthermore, the beryllium hydroxide market in this region is expected to grow due to the variety of applications such as military, automotive, and other industries. Asia Pacific and Japan, on the other hand, are expected to grow rapidly and contribute significantly to the global market.
Global Beryllium Hydroxide Market size by geography, 2021-2030 Bn)
- Largest
- Fastest
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Beryllium Hydroxide Market Dynamics
Drivers
Aviation Industry is Creating Lucrative Opportunities for Players
- Beryllium hydroxide is commonly used in the production of aerospace parts because it is lighter and can replace heavier parts. It is also widely used in the production of components for passenger vehicles and fuel-efficient vehicles. Demand for beryllium hydroxide is expected to rise during the forecast period due to rapid growth in end-user industries and high economic and industrial growth in both developing and developed regions.
- The global beryllium hydroxide market is expected to grow significantly due to major factors such as its wide range of applications in automotive, defence, and other industries. On the other hand, there are factors impeding market growth, such as high costs associated with extraction techniques and production. Furthermore, strict mining regulations limit the global market's growth. Beryllium is primarily used as an alloying agent in the production of beryllium copper, which is widely used in electrical contacts, springs, spot-welding electrodes, and other applications.
Restraints
Stringent Regulations to Hinder Market Growth
- Strict government regulations and compliance across regions and countries, on the other hand, are expected to dampen the growth of the beryllium hydroxide market.
- Chemical production, mining and extraction techniques, and the associated costs are some of the likely factors limiting the growth of the beryllium hydroxide market.
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Beryllium Hydroxide Market Competitive Landscape
The global beryllium hydroxide market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds
Top Player's Company Profiles
- Materion Corporation
- IBC Advanced Alloys Corp.
- Ulba Metallurgical Plant JSC
- Hunan Shuikoushan Nonferrous Metals Group Co. Ltd.
- Ningxia Orient Tantalum Industry Co. Ltd.
- American Beryllia Inc.
- Hunan Nonferrous Beryllium Industry Co. Ltd.
- Sichuan Apollo Solar Science & Technology Co. Ltd.
- Belmont Metals Inc.
- Xinfeng Guangguang Jingyan Material Co. Ltd.
- Grizzly Mining Limited
- Anhui Yihao International Trading Co. Ltd.
- Hunan Hanrui New Material Technology Co. Ltd.
- Zibo Honghe Chemical Co. Ltd.
- Zhuzhou Keneng New Material Co. Ltd.
- Qufu Chenguang Chemical Co. Ltd.
- Chongqing Changyuan Group Limited
- Qinyang Sanhui Refractory Material Co. Ltd.
- Guizhou Chitianhua Co. Ltd.
- Qinghai Jinshatan Sand Minerals Co. Ltd.
Recent Developments
- In 2022, Materion Established New Facility to Accelerate Growth in the Semiconductor and Electric Vehicle Markets.
- In April 2021, IBC Advanced Alloy Corp. announced that it had received purchase orders for beryllium alloy parts totaling more than USD 1 million for use in Raytheon Technologies Advanced Targeting Forward Looking Infrared (ATFLIR) system for the US Navy’s F/A-18 Super Hornet aircraft.
Beryllium Hydroxide Key Market Trends
- The growing demand for highly secure defence systems, increased energy consumption, increased vehicle sales, and the need for improved telecommunications networks are all factors contributing to the industry's growth. The growing population and rapid urbanisation are driving up demand for biomedical devices and electrical equipment, which is fueling market growth.
- The building of the ITER fusion reactor, as well as increased research and development activities, are expected to boost market growth in the coming years. Beryllium and other high-performance materials are required for the technology required to generate this fusion energy. This is expected to have a positive impact on the global beryllium hydroxide market.
Beryllium Hydroxide Market SkyQuest Analysis
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, The demand for electrical and electronic products that make extensive use of lead and beryllium alloys is expected to rise. The demand for electrical and biomedical equipment has increased in tandem with population growth and urbanisation. Furthermore, the expansion of telecommunications networks, automobile sales, and demand for highly secure systems are propelling the market forward. Automotive is one of the major factors driving the global beryllium hydroxide market's expansion. These factors are expected to propel the beryllium hydroxide market forward.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 37.09 million |
| Market size value in 2031 | USD 43.94 million |
| Growth Rate | 1.90% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Recent Developments
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Beryllium Hydroxide Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Beryllium Hydroxide Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Beryllium Hydroxide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Beryllium Hydroxide Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Beryllium Hydroxide Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Beryllium Hydroxide Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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