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Helium Market | Covid-19 Impact Analysis
The Helium Market is Segmented by Phase Type (Liquid, Gas), by Application Type (Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding, Controlled Atmosphere, and Others), by End-Use Industry Type (Healthcare, Electronics & Semiconductors, Aerospace, Energy & Power, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Helium market is likely to witness an impressive CAGR of 4.5% during the forecast period. Increasing consumption of helium in the electronics and semiconductor industries along with the growing usage of helium in the healthcare industry is the prime factors that is driving the growth of the market. The developing trend of helium application in nuclear power plants, metal works, and semiconductor production further adds a healthy growth opportunity in the helium market.
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Helium Market – Snapshot |
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Growth |
4.5% for the next five years |
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Major Phase Type |
Gas |
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Major End-use Industry Type |
Healthcare |
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Region with the Highest Demand |
North America |
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Key Players |
Air Products and Chemicals Inc., Air Liquide S.A., Linde Plc, Matheson Tri-Gas Inc., Ellenbarrie Industrial Gases Ltd., Taiyo Nippon Sanso Corporation, Messer Group GmbH, Weil Group Resources, LLC, Iwatani Corporation, and Matheson Tri-Gas, Inc. |
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Based on the phase type, the market is segmented as liquid and gas. The gas-phase segment held the larger share of the market in 2019, and is expected to register the faster growth during the forecast period. The gas-phase is mostly used for welding and due to its lightweight and inflammable property it’s used in place of hydrogen in balloons, airships, etc. The growing development of efficient storage and transport methods for helium gases is expected to provide numerous opportunities over the forecast period.
Based on the end-use industry type, the helium market is segmented as healthcare, electronics & semiconductors, aerospace, energy & power, and others. The healthcare segment held the largest share of the market in 2019, owing to its wide range of uses in the healthcare industry. Helium is used for cooling magnets of MRI machines, and with the growing demand of MRI scans, the demand for helium in healthcare sector is increasing. The growth of MRI technology is likely to create a healthy opportunity in the near future.
In terms of regions, North America is estimated to be the largest market during the forecast period, with the USA, Canada, and Mexico being the countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the US electronics market, which is one of the largest procurers of helium. Further, the growing usage of MRI diagnostics in the USA is one of the key growth factors for region’s market.
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Some of the major helium manufacturers are-
Helium is a chemical element with atomic number 2 and is denoted by the symbol He. It is a colorless, odorless, tasteless, non-toxic, inert, monatomic gas, mainly produced or sourced from natural gas wells. Helium gas is lighter-than-air because of its low thickness, and has a lowest boiling point among all the elements.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Helium Market Research Report – Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The helium market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The helium market is expected to witness an impressive growth of 4.5% CAGR in the foreseeable future.
Air Products and Chemicals Inc., Air Liquide S.A., Linde Plc, Matheson Tri-Gas Inc., Ellenbarrie Industrial Gases Ltd., Taiyo Nippon Sanso Corporation, Messer Group GmbH, Weil Group Resources, LLC, Iwatani Corporation, and Matheson Tri-Gas, Inc are among the key players in the Helium Market.
North America is expected to be the largest helium market during the next five years.
The gas-phase segment is expected to register the faster growth in the helium market in the coming years.
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