The new report by Expert Market Research titled, ‘Global Beryllium Hydroxide Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global beryllium hydroxide market, assessing the market based on its segments like types, applications, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 1%
The global beryllium hydroxide industry is expected to show a steady growth due to the growth of the major end use sectors. The booming consumer electronics segment has various applications for beryllium and is a strong factor in determining the growth of the market, especially in developing regions.
North America accounts for a large section of the beryllium hydroxide market due to the strong, mature economies in the region with massive expenditure on defence, aerospace, and energy. In Europe, high spending on health and automotive sectors has led to high production capacities for the beryllium hydroxide industry.
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Industry Definition and Major Segments
Beryllium hydroxide (Be (OH)¬2) is also known as hydrated beryllia, and is an amphoteric hydroxide obtained as a by-product in the metallurgical extraction of beryllium from its ores. It appears as a vivid white, opaque crystals, and has the property to be soluble in both acidic and alkali solutions.
By type, the market is bifurcated into:
• Technical Grade
• Refined Grade
On the basis of application, the industry is divided into:
• Beryllium Oxide
• Beryllium Metal
• Beryllium Alloys
Based on end use, the market is segmented into:
• Electrical and Electronics
The major regions of the market are:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Materion Corporation (NYSE: MTRN) is a key player in this industry and specialises in beryllium alloys and composites. They received their second award from semiconductors and electronics pioneer Texas Instruments for “Supplier Excellence” in June 2020. The company showed a 12% increase in net income per share in Q3 2020 compared to the previous quarter, which is expected to strengthen its position in the global beryllium hydroxide industry.
The rising disposable incomes in developing regions are expected to contribute significantly to the market growth in the forecast period.
Key Market Players
The major players in the market are Materion Corporation (NYSE: MTRN), Ulba Metallurgical Plant JSC, IBC Advanced Alloys Corp. (CVE: IB), and American Elements, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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