Helium Market to Witness Widespread Expansion by 2027

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Helium Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

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Global Helium Market Key Highlights

• The global helium market was valued at US 2.4
  Bn in 2018, and is anticipated to expand at a
  CAGR of 4 during the forecast period.
• Based on type, the gas segment held a dominant
  share of the global helium market in 2018,
  primarily due to the usage of helium gas in
  various applications such as pressurizing and
  purging, welding, controlled atmosphere, leak
  detection, and breathing mixtures.
• In terms of end user, the others segment
  accounted for a major share of the global helium
  market in 2018. The segment includes industries
  such as manufacturing, computers, lighting, and
  utilities.

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Paradigm Shifts in Aerospace Industry of Asia
Pacific Create Opportunities in Healthcare

• Helium-3 is gaining increased importance in
  aerospace and healthcare industries. Helium-3
  helps doctors diagnose lung diseases, as this
  element offers real-time imaging of lungs.
• The healthcare segment is estimated to reach a
  value of US 940 million by the end of 2027,
  which is the second-highest amongst all end users
  in the helium market.
• Hence, stakeholders in the aerospace industry are
  increasing efforts to discover deposits of
  helium-3 on the moon.
• This trend is gaining momentum in the aerospace
  industries of Asia Pacific. As such, Asia Pacific
  holds the largest market share in the helium
  market, and is projected to exponentially grow
  throughout the forecast period.

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Major Developments in Global Helium Market  

• On August 30, 2019, Messer Group commissioned a
  new, large production plant for air gases in Dung
  Qu?t, a coastal city in the center of Vietnam.
  The plant is expected to have total processing
  capacity of 400,000 cubic meters of air per hour.
• In March 2019, Messer Group announced its joint
  venture with CVC Capital Partners, which had
  acquired a majority stake in Lindes gases
  business in North America, and certain business
  activities of Linde and Praxair in South America.
  The move is anticipated to provide Messer Group
  with an opportunity to re-enter the industrial
  gas markets in North and South America.
• On April 04, 2019, Iwatani Corporation opened two
  new helium centers Tsukuba Gas Center and
  Yokosuka Gas Center - in Japan.

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Global Helium Market Competition Landscape

• Linde Plc., Axcel Gases
• Taiyo Nippon Sanso Corporation
• Air Products and Chemicals, Inc.
• Messer Group
• Weil Group
• Iwatani Corporation
• Matheson Tri-Gas, Inc.

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