- – Cryogenics segment under the application category will account for a sizeable share of the market
- – Players operating in the market would do well to focus on developing flexible cryogenic insulation
- – Over the forecast period, Asia Pacific (APAC) region will continue to hold a sizeable share of the global helium market
Transparency Market Research, New York: Over the forecast period of 2019 to 2027, the global helium market will grow at a rate of about 4%. This will help the market worth increase to about USD 3.5 billion by the end of the stated period from somewhere around USD 2.4 billion in 2018. Growth in a number of end-use industries such as electronics and semiconductors, and healthcare is set to be a prominent factor propelling the global helium market on an upward growth trajectory.
As per Transparency Market Research, “The trend of using helium in semiconductor production, metal fabrication and in application in nuclear power plants is growing and this is set to be one of the most notable factors driving the market forward over the forecast period.”
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Key Findings of Global Helium Market Study:
- – In Aerospace and healthcare industries, use of Helium-3 is gaining importance and this is particularly true of the Asia Pacific region
- – The others segment in the end-user category will account for a significant share of the market from 2019 to 2027
- – On the basis of type, the gas segment held leading market share in the year of 2018 and the trend is anticipated to continue into the forecast period
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Key Drivers of Growth in Global Helium Market:
Numerous trends and drivers are impacting growth in the global helium market in a positive way. Of the long list, prominent ones – as identified by Transparency Market Research – are provided below:
- – Since 2010, demand for natural gas grew at the fastest pace in the year of 2018 and this is set to offer novel growth opportunities to players
- – Increase in activities related to exploration and production of natural gas is being noted and that is leading to emergence of lucrative avenues of growth
- – Electronics sector is witnessing increase in investments and this is set to drive the market forward
- – Rapid urbanization and robust economic growth in some of the developing countries is leading to higher demand for electronic devices
- – Increase in demand for electronics will lead to higher demand for silicon – a semiconductor material, driving-up demand for helium
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Regional Analysis of Global Helium Market:
- – Asia Pacific region is set to record a notable compound annual growth rate over the forecast period
- – The region held dominant share of global helium market in the year 2018
- – Growth in end-user industries such as manufacturing, healthcare, and semiconductors and electronics will be key factor of growth in APAC
- – Moderate growth would be recorded in North America and a sizeable share of the market would be accounted for by Europe
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Competitive Landscape of Global Helium Market:
Key players in the global helium market are Linde Plc., Axcel Gases, Taiyo Nippon Sanso Corporation, Air Products and Chemicals, Inc., Messer Group, Weil Group, Iwatani Corporation, Matheson Tri-Gas, Inc., The Southern Gas Limited, Ellenbarrie Industrial Gases, US Gas, Air Liquide, and North American Helium, among others. It is pertinent to note here that as per Transparency Market Research, the vendor landscape of the market is moderately consolidated. Multinational players hold a notable share of the market. Additionally, as far as growth strategies go, key alliances and increase in production capacity are seen as notable measures.
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Global Helium Market: Segmentation
Helium Market by Type
- – Gas
- – Liquid
Helium Market by End User
- – Healthcare
- – Electronics & Semiconductors
- – Aerospace
- – Defense
- – Energy & Power
- – Others (including Manufacturing and Utilities)
Helium Market by Application
- – Cryogenics
- – Pressurizing and Purging
- – Welding
- – Controlled Atmosphere
- – Leak Detection
- – Breathing Mixture
- – Others (including Computers and Fiber Optics)
Helium Market by Region
- – North America
- – U.S.
- – Canada
- – Europe
- – Germany
- – U.K.
- – France
- – Italy
- – Russia & CIS
- – Rest of Europe
- – Asia Pacific
- – China
- – India
- – Japan
- – ASEAN
- – Rest of Asia Pacific
- – Latin America
- – Brazil
- – Mexico
- – Rest of Latin America
- – Middle East & Africa
- – GCC
- – South Africa
- – Rest of Middle East & Africa
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