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).
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.
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.
Air Liquide SA
Linde AG (The Linde Group)
Taiyo Nippon Sanso Corporation
Messer Group GmbH
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 -
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
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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.
Director, Corporate Communications
Global Industry Analysts, Inc.