The global helium market was valued at USD 4462.19 million in 2020 and is projected to witness substantial growth during the forecast timeframe.

Industry Snapshot:

• The growing potential of helium in various electronic applications is one of the main factors propelling the overall market growth in the forthcoming years.
• Increasing demand from Asian manufacturers is ramping up the expansion of global helium market.
• Rising helium prices due to its limited availability is contributing towards the overall market remuneration.

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Segmental Overview:

Type	Liquid Form
	Gaseous Form
Application Type	Welding
	Semiconductor
	Scientific
	Lifting
	MRI/NMR Machines
	Others
Regional Scope	Asia Pacific
	Europe
	North America

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Predictions Corner:

• The gaseous segment of global helium market is expected to grow significantly over the ensuing years, owing to its high growth potential as well as its application in various industries such as electronics, breathing atmospheres, chromatography, and laboratories among others.
• MRI/NMR machines application segment is anticipated to witness spurring growth, ascribed to the constant supply of liquid helium required to keep the machines functioning.
• Asia Pacific is estimated to capture the largest revenue share during the forecast period, on account of the rising demand for helium from electronics, semiconductors, flat-panel display, and optical fiber manufacturers in the region.

Explainer – All you need to know

For the uninitiated, helium cannot be synthesized, manufactured, or substituted, making it a price-inelastic raw commodity. Moreover, helium is on the list of essential resources in leading countries and regions such as the United States, the European Union, China, and other significant economies.

ExxonMobil Corporation, The Messer Group GmbH, Iwatani Corporation, PJSC Gazprom, Saudi Aramco, Uniper SE, Polskie Górnictwo Naftowe i Gazownictwo S.A., Air Liquide S.A., Linde plc, and Air Products and Chemicals Inc. are the major companies operating in global helium market.

Concluding lines:

Market researchers collect, present, and analyze data and marketing trends to accurately represent the various facets of the commercial landscape. MarketStudyReport has a report titled ‘Global Helium Market (2021 Edition) - Analysis by Type (Gaseous, Liquid), Application (MRI Machines, Lifting, Scientific, Semiconductor, Welding, Others), By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’ which diligently examines the shifting market patterns, potential business prospects, and challenges present in this business vertical. The report provides all the information required by businesses operating in this field and was produced after an extensive investigation.