December 1, 2021

Helium Market: Worldwide Analysis and Forecasts, 2021 to 2024

3 min read

Helium

Helium Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Helium market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Electronics Industry to Drive the Market Growth

– The electronics and semiconductor industry is a significant consumer of helium. Helium is used as the sleeve in rods that create LCD screens. It is also used as a protective gas for flushing vessels, during the processing of semiconductor chips, and as a cooling gas during the growth of silicon crystals.
– Helium is also considered vital for the manufacturing of optic fiber cables, as the presence of helium in the atmosphere prevents bubble trapping inside the fiber cables. Hard drives are filled with helium, in order to achieve large amounts of disks and high data storage capacity.
– Due to the increasing focus on the adoption of small size, the use of semiconductor chips or integrated circuits is increasing at a high rate, not only for the computers and smartphones but also for memory chips and image sensors.
– The mass production of electronic devices in Taiwan, China, and is responsible for the high demand for helium in the region. Moreover, the Chinese government is aiming to raise up to USD 31.5 billion, to invest in domestic chip companies, in order to build a world-class semiconductor industry, which is likely to further propel the growth of the helium market.

North to Dominate the Market

North accounted for the largest share of the market, with the alone consuming a share of more than 33% of the global market (more than the entire Asia-Pacific region). The is the world’s largest and most powerful economy. In terms of size, the electronics market in the is the largest market. Owing to the rapid pace of innovation in the advancement of technology and R&D activities in the electronics industry, there is a high demand for newer and faster electronic products. Owing to the usage of advance technology, the increasing number of R&D centers, and rising demand from consumers, the helium market is expected to grow over the forecast period. The expenditure in healthcare stood at USD 3.48 trillion in 2017, and is further expected to increase in 2018. The increasing geriatric population and the increasing requirement for medical facilities for the treatment of chronic diseases have been supporting the growth of the healthcare sector, as well as the consumption of helium in the country, over the forecast period.

Market Overview:

  • The market for helium is expected to register a CAGR of 3.69% during the forecast period of 2019-2024. Major factors driving the market are the increasing consumption of helium in the electronics and semiconductor industry and the growing usage in healthcare system. However, the high cost of the extraction process and the stringent government regulations concerning helium use are likely to hinder the growth of the market studied.
  • – Gas phase helium dominated the market in 2018, and it is also projected to register the highest CAGR during the forecast period.
  • – Development of efficient storage and transport methods for gases is anticipated to provide numerous opportunities over the forecast period.
  • – North dominated the market with the largest consumption, followed by Asia-Pacific and . However, Asia-Pacific is likely to register the highest CAGR through the forecast period.<

    Key Manufacturers Like 

  • Air Liquide
  • Air Products and Chemicals, Inc.
  • Exxon Mobil Corporation
  • Gazprom
  • Global Gases
  • Gulf Cryo
  • Iwatani Corporation
  • The Linde Group
  • Matheson Tri
  • Gas Inc.
  • Messer Group GmbH
  • nexAir LLC
  • gas Operating Company Limited
  • Renergen
  • Weil Group.

    Scope of the Report:

  • This report studies the global Helium market size, industry status and forecast, competition landscape and growth opportunity.

    Helium market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Helium market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Helium market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Helium market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Helium market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Helium ?
    • Who are Opportunities, Risk and Driving Force of Helium market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Helium space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Helium market opportunities, market risk and market overview of the Market?

    Lastly, the Global Helium Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Helium Market Report:

    • To provide a detailed analysis of the market structure along with the Helium market forecast of various segments and sub-segments of the Helium market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Helium market trends that influence the global Helium market

    Detailed TOC of Helium Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Growing Consumption in the Electronics and Semiconductor Industry
    4.1.2 Increasing Use in Healthcare System
    4.2 Restraints
    4.2.1 Expensive Extraction Process
    4.2.2 Stringent Government Regulations Concerning Helium Use
    4.3 Industry Value-Chain Analysis
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition
    4.5 Price Analysis

    5 MARKET SEGMENTATION
    5.1 Phase
    5.1.1 Liquid
    5.1.2 Gas
    5.2 Application
    5.2.1 Breathing Mixes
    5.2.2 Cryogenics
    5.2.3 Leak Detection
    5.2.3.1 Vacuum Testing
    5.2.3.2 Pressure Testing
    5.2.4 Pressurizing and Purging
    5.2.5 Welding
    5.2.6 Controlled Atmosphere
    5.2.7 Other Applications
    5.3 By End-user Industry
    5.3.1 Aerospace and Aircraft
    5.3.2 Electronics and Semiconductors
    5.3.3 Nuclear Power
    5.3.4 Healthcare
    5.3.5 Welding and Metal Fabrication
    5.3.6 Other End-user Industries
    5.4 Geography
    5.4.1 Production Analysis
    5.4.1.1 United States
    5.4.1.2
    5.4.1.3 Algeria
    5.4.1.4 Australia
    5.4.1.5 Canada
    5.4.1.6 Poland
    5.4.1.7 Russia
    5.4.1.8 Others
    5.4.2 Consumption Analysis
    5.4.2.1 Asia-Pacific
    5.4.2.1.1 China
    5.4.2.1.2 India
    5.4.2.1.3 Japan
    5.4.2.1.4 South Korea
    5.4.2.1.5 Australia and New Zealand
    5.4.2.1.6 Rest of Asia-Pacific
    5.4.2.2
    5.4.2.2.1 Germany
    5.4.2.2.2 France
    5.4.2.2.3 Italy
    5.4.2.2.4 United Kingdom
    5.4.2.2.5 Russia
    5.4.2.2.6 Rest of
    5.4.2.3 North
    5.4.2.3.1 United States
    5.4.2.3.2 Canada
    5.4.2.3.3 Mexico
    5.4.2.4 Rest of the World
    5.4.2.4.1 South
    5.4.2.4.2 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Air Liquide
    6.4.2 Air Products and Chemicals, Inc.
    6.4.3 Exxon Mobil Corporation
    6.4.4 Gazprom
    6.4.5 Global Gases
    6.4.6 Gulf Cryo
    6.4.7 Iwatani Corporation
    6.4.8 The Linde Group
    6.4.9 Matheson Tri-Gas Inc.
    6.4.10 Messer Group GmbH
    6.4.11 nexAir LLC
    6.4.12 gas Operating Company Limited
    6.4.13 Renergen
    6.4.14 Weil Group

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Opportunities
    7.1.1 Development of Efficient Storage and Transport Methods for Gases
    7.1.2 Huge Deposit of Natural Gas Found in Tanzania
    7.2 Future of the Market

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