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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Helium market. Market segmentation includes Type (Gas, and Liquid); Distribution Channel (Packaged, Merchant, and Onsite); Application (Cryogenics, Welding, Laboratory, Lifting Balloons, Fiber Optics, Pressurizing & Purging, Leak Detection, Breathing Mixtures, and Other Applications).

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

24 November 5:55 a.m., Silicon Valley, California - According to the new market research report, the global market for Helium is projected to grow at a CAGR of 4.3% to reach US$2.9 billion by 2027, driven by increasing consumption across end-use industries and heavy investments in R&D to develop innovative helium-based systems. The global Helium market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Cryogenics, one of the application segments analyzed and sized in this study, is forecast to grow at over 5.9% and reach a market size of US$853 million by the end of the analysis period. The United States is forecast to readjust to a 4.0% CAGR. Within Europe, the worst affected by the pandemic, Germany will reach a market size of US$153.5 million growing at a CAGR of 3.3% over the next couple of years. In addition, over US$186 million worth of projected demand in the region will come from Rest of European markets. In Japan, the Gaseous helium segment will reach a market size of US$131 million by the close of the analysis period. Facing a global backlash over the coronavirus outbreak and spread, China the world's second largest economy faces economic and geopolitical challenges including economic distancing which can likely put China's monopoly of global supply chains in crisis. The Welding application segment in this country against this backdrop will grow at a CAGR of 5.0% over the next couple of years to create an addressable market opportunity worth US$65.7 million by the year 2027.

Helium represents an odorless, colorless, non-toxic, non-combustible and non-corrosive gas that is produced from natural gas wells. The global supply of the gas depends on 20 liquefaction units located across countries like the US, Russia, Poland, Qatar, Algeria, Australia and China. The helium market is propelled by increasing use of the element in major end-use industries such as healthcare, semiconductor and electronics. The market expansion is facilitated by increasing R&D activity and extensive use as cryogenic coolant defense and energy research. Liquid helium is commonly used in the field of quantum mechanics for studying atomic structure along with behavior of various subatomic particles like protons, electrons and neutrons. Researchers are also exploring the use of super-cooled helium or helium-4 to improve GPS for airplanes and submarines. The increasing use of helium in semiconductor production, nuclear power generation plants and metal works is expected to bolster the market over the coming years. The helium market is likely to continuously receive a strong stimulus from medical applications like NMR and MRI along with expansion of the semiconductor and electronics industries in Asia-Pacific. Manufacturers of semiconductors, optical fibers and flat panel displays depend heavily on helium for cooling applications. MRI scanners need liquid helium for cooling superconductive magnet coils. Helium is the only option for maintaining low temperature in commercial superconducting magnets for NMR spectroscopy. The continuous expansion of the healthcare industry globally is anticipated to present new revenue generating opportunities to participants. On the other hand, the high cost of extraction and stringent regulations regarding the use of helium continue to be the major challenges for the market. However, the development of more efficient transportation and storage approaches is expected to push the market growth over the coming years.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 404. Among this pool, 81 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 16 unique participations, a total of 7 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
Air Products and Chemicals, Inc.
Praxair, Inc.
Air Liquide SA
Linde AG (The Linde Group)
Taiyo Nippon Sanso Corporation
Messer Group GmbH
Iwatani Corporation
Gulf Cryo
Global Gases Group FZCO
Qatargas Operating Company Limited

Segments Covered in the Report -
Type (Gas, Liquid)
Distribution Channel (Packaged, Merchant, Onsite)
Application (Cryogenics, Welding, Laboratory, Lifting Balloons, Fiber Optics, Pressurizing & Purging, Leak Detection, Breathing Mixtures, Other Applications)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Africa.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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