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

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).

The beryllium hydroxide market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds '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.', '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 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 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.

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 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 market.