The global Beryllium Hydroxide market is likely to experienced steady growth during the projected years. In 2017, the global Beryllium Hydroxide market was valued at a US$ 370 Mn and by the end of the assessment year (2025), it is estimated to touch a valuation of more than US$ 400 Mn, growing at a CAGR of 1.1% during the forecasted period.
Global Beryllium Hydroxide Market: Drivers and Restraints
Applications of Beryllium Hydroxide are anticipated to create new business segments in the market. Beryllium Hydroxide is in use for a broad range of products such as Beryllium Oxide, Beryllium Metal, and others. There lies a great opportunity for growth in the global Beryllium Hydroxide market since only a few companies are operating in this business. Increasing number of applications in the defence and automotive industries is predicted to set the tone for valuable growth of the global Beryllium Hydroxide market. However, strict mining regulations and expensive supplementary costs of production and extraction could restrict the rise of the global Beryllium Hydroxide market.
Global Beryllium Hydroxide Market: Key Takeaways
The Beryllium Hydroxide industry has a high technical barrier. The products require stable and outstanding technical performance. Consequently, price and product quality are crucial to downstream customers.
For Beryllium Hydroxide manufacturers, the core of brand building mainly relates to quality control and technological innovation.
Global Beryllium Hydroxide Market: Forecast by Form
This segmentation includes Technical Grade and Refined Grade. In terms of volume, the Technical Grade segment is expected to remain dominant in the global Beryllium Hydroxide market.
Global Beryllium Hydroxide Market: Forecast by Region
North America, China, Europe, and CIS are the four regions that are studied in this report. North America is a dominant region for the global Beryllium Hydroxide market in terms of value. The North America Beryllium Hydroxide market was valued at a US$ 215.03 mn in 2017 and is expected to expand at a value CAGR of 1.0% over the forecast period. The China market is anticipated to expand at a sluggish growth rate of 1.2% in terms of revenue due to slow and steadily increasing demand in the country.
Global Beryllium Hydroxide Market: Key Players
Materion, ULBA, Hunan Nonferrous Beryllium, FHBI, etc. are the key vendors included in this report. The global Beryllium Hydroxide market is highly concentrated with several companies dominating it. Materion is so far the leader, followed by ULBA and Hunan Nonferrous Beryllium. Hassel-free entry in the global Beryllium Hydroxide market is anticipated to become difficult in the coming years.
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