Helium Market to Set Phenomenal Growth by 2027 (1)

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Helium Market

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

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• Global Helium Market Snapshot

• Succinic acid is widely used in various
  industries such as pharmaceuticals, chemical, and
  food. Currently, major proportion of succinic
  acid is derived from petroleum feedstock.
• A small amount of succinic acid is produced
  through the fermentation process. N-butane is one
  of the key raw materials used in the production
  of succinic acid.
• High cost of production associated with the
  petroleum-based process is the major challenge
  facing the succinic acid market.
• However, the cost of production is expected to
  decline with the advent of bio-derived succinic
  acid

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Sales of Cryogenic Devices Surge with
Improvements in Manufacturing Processes

• Helium is a synonymous term with most cryogenic
  applications. Its exceptional cooling abilities
  are proving to be useful for the development of
  various cryogenic devices.
• Cryogenics currently accounts for the
  second-highest production amongst all
  applications in the helium market, with a
  ballpark output of 38 million cubic meters in
  the year 2018. Hence, companies in the helium
  market are innovating cryogenic turbines that
  provide the liquefaction of helium.
• As such, companies in the helium ecosystem are
  increasing their capabilities to enhance the
  quality of cryogenic devices to cater to the
  needs of stakeholders in the aerospace industry.
• This trend is also helping in magnetic resonance
  imaging for the purpose of scientific research.

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

• 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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Highly Competitive Global Helium Market

• Linde Plc.
• Axcel Gases
• Taiyo Nippon Sanso Corporation
• Air Products and Chemicals, Inc.
• Messer Group
• Weil Group

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