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Helium Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Phase (Liquid and Gas), by Application (Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding, Controlled Atmosphere, and Other Applications), by End-user Industry (Aerospace and Aircraft, Electronics and Semiconductors, Nuclear Power, Healthcare, Welding and Metal Fabrication, and Other End-user Industries), and Geography (Asia-Pacific, Europe, North America, and Rest of the World).

Market Snapshot

Helium Market - Market Summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The market for helium is expected to register a CAGR of 3.94% 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 the healthcare industry. 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 America dominated the market with the largest consumption, followed by Asia-Pacific and Europe. However, Asia-Pacific is likely to register the highest CAGR through the forecast period.

Scope of the Report

The helium market report includes:

Phase
Liquid
Gas
Application
Breathing Mixes
Cryogenics
Leak Detection
Vacuum Testing
Pressure Testing
Pressurizing and Purging
Welding
Controlled Atmosphere
Other Applications
By End-user Industry
Aerospace and Aircraft
Electronics and Semiconductors
Nuclear Power
Healthcare
Welding and Metal Fabrication
Other End-user Industries
Geography
Production Analysis
United States
Qatar
Algeria
Australia
Canada
Poland
Russia
Others
Consumption Analysis
Asia-Pacific
China
India
Japan
South Korea
Australia and New Zealand
Rest of Asia-Pacific
Europe
Germany
France
Italy
United Kingdom
Russia
Rest of Europe
North America
United States
Canada
Mexico
Rest of the World
South America
Middle East & Africa

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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 electronics manufacturing market in Asia-Pacific is expected to grow rapidly during the coming years, due to the presence of many OEMs in the region. Low cost and the availability of raw materials, coupled with cheap labor, are driving the growth of the sector.
  • The companies in the region provide manufacturing and assembling services to companies in Germany, France, and the United States. Moreover, these companies are rapidly digitizing their business to achieve end-to-end integration of their operation. This is further encouraging the OEMs from Europe and North America to outsource their production to Asia-Pacific.
  • Furthermore, the Semiconductor Industry Association (SIA) representing US semiconductor manufacturing, design, and research announced that the US worldwide sales of semiconductors reached USD 41.8 billion in 2018, an increase of 12.7% from 2017. These growing sales are expected to increase the applications of helium, with rising production.
  • Such positive growth is likely to increase the demand for helium over the forecast period. 
Helium Market - Segmentation

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North America to Dominate the Market

  • North America accounted for the largest share of the market, with the United States alone consuming a share of  37.04% of the global market (more than the entire Asia-Pacific region). 
  • The US electronics market is the largest market in the world, in terms of size. Furthermore, it is expected to remain the leading market over the forecast period, due to the application of advanced technology, an increase in the number of R&D centers and increasing demand from the consumers.
  • There is a significant demand for newer and faster electronic products, due to the rapid pace of innovation, the advancement of technology, and R&D activities in the electronics industry. There is a significant increase in the number of manufacturing plants and development centers in the United States, primarily due to the focus on developing high-end products. This is expected to boost the demand for helium over the forecast period.
  • According to the Consumer Technology Association, the revenue from consumer home appliances is expected to reach USD 398 billion in 2019. The major demand drivers are expected to be smart speakers, smart home, smart watches, drones, smart phones, laptops, televisions, and vehicle technology
  • Aforementioned factors are expected to increase the demand for helium during the forecast period. 
Helium Market - Regional Trends

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Competitive Landscape

The global market for helium is highly consolidated, with the top five players accounting for over 75% of the total market., Air Liquide, Linde plc, Matheson Tri-Gas Inc., Iwatani Corporation, Messer Group, etc. 

Major Players

  1. Air Products and Chemicals Inc.
  2. Air Liquide
  3. Linde Plc
  4. Matheson Tri-Gas Inc.

* Complete list of players covered available in the table of contents below

Helium Market - Market Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Consumption in the Electronics and Semiconductor Industry

      2. 4.1.2 Increasing Use in Healthcare Industry

    2. 4.2 Restraints

      1. 4.2.1 Expensive Extraction Process

      2. 4.2.2 Stringent Government Regulations Concerning Helium Use

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Price Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Phase

      1. 5.1.1 Liquid

      2. 5.1.2 Gas

    2. 5.2 Application

      1. 5.2.1 Breathing Mixes

      2. 5.2.2 Cryogenics

      3. 5.2.3 Leak Detection

        1. 5.2.3.1 Vacuum Testing

        2. 5.2.3.2 Pressure Testing

      4. 5.2.4 Pressurizing and Purging

      5. 5.2.5 Welding

      6. 5.2.6 Controlled Atmosphere

      7. 5.2.7 Other Applications

    3. 5.3 By End-user Industry

      1. 5.3.1 Aerospace and Aircraft

      2. 5.3.2 Electronics and Semiconductors

      3. 5.3.3 Nuclear Power

      4. 5.3.4 Healthcare

      5. 5.3.5 Welding and Metal Fabrication

      6. 5.3.6 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Production Analysis

        1. 5.4.1.1 United States

        2. 5.4.1.2 Qatar

        3. 5.4.1.3 Algeria

        4. 5.4.1.4 Australia

        5. 5.4.1.5 Canada

        6. 5.4.1.6 Poland

        7. 5.4.1.7 Russia

        8. 5.4.1.8 Others

      2. 5.4.2 Consumption Analysis

        1. 5.4.2.1 Asia-Pacific

          1. 5.4.2.1.1 China

          2. 5.4.2.1.2 India

          3. 5.4.2.1.3 Japan

          4. 5.4.2.1.4 South Korea

          5. 5.4.2.1.5 Australia and New Zealand

          6. 5.4.2.1.6 Rest of Asia-Pacific

        2. 5.4.2.2 Europe

          1. 5.4.2.2.1 Germany

          2. 5.4.2.2.2 France

          3. 5.4.2.2.3 Italy

          4. 5.4.2.2.4 United Kingdom

          5. 5.4.2.2.5 Russia

          6. 5.4.2.2.6 Rest of Europe

        3. 5.4.2.3 North America

          1. 5.4.2.3.1 United States

          2. 5.4.2.3.2 Canada

          3. 5.4.2.3.3 Mexico

        4. 5.4.2.4 Rest of the World

          1. 5.4.2.4.1 South America

          2. 5.4.2.4.2 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Air Liquide

      2. 6.4.2 Air Products and Chemicals, Inc.

      3. 6.4.3 Exxon Mobil Corporation

      4. 6.4.4 Gazprom

      5. 6.4.5 Global Gases

      6. 6.4.6 Gulf Cryo

      7. 6.4.7 Iwatani Corporation

      8. 6.4.8 Linde Plc

      9. 6.4.9 Matheson Tri-Gas Inc.

      10. 6.4.10 Messer Group GmbH

      11. 6.4.11 nexAir LLC

      12. 6.4.12 Qatargas Operating Company Limited

      13. 6.4.13 Renergen

      14. 6.4.14 Weil Group

      15. 6.4.15 PGNIG SA

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Opportunities

      1. 7.1.1 Development of Efficient Storage and Transport Methods for Gases

      2. 7.1.2 Huge Reserve of Natural Gas Found in Tanzania

    2. 7.2 Future of the Market

**Subject to Availability

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