Helium Demand Set to Grow at CAGR 6.4% till 2021
Increasing penetration in
healthcare, semi-conductors and optic fibres to drive global demand for helium.
According to a recently published TechSci Research
report “Global
Helium Market By Type, By Application, By Distribution, By Region Competition Forecast &
Opportunities, 2021”, global helium market is forecast to exhibit a CAGR of 6.44% during 2016 - 2021, owing to rising
demand for helium from sectors such as electronics, semiconductors & healthcare.
Global helium production was dominated by the US, and the country accounted for
a production share of 62.41% in 2015. Discoveries of new sources of helium has further
fuelled production of helium, which is further anticipated to drive global
helium market during the forecast period.
Browse 9
market data Tables and 88 Figures spread through 228 Pages and an in-depth
TOC on "Global Helium
Market"
https://www.techsciresearch.com/report/global-helium-market-by-type-liquid-gaseous-by-application-mri-nmr-semi-conductors-optic-fibres-pressurizing-purging-welding-etc-by-distribution-onsite-packaged-merchant-by-region-competition-forecast-opportunities-2021/791.html
North America and Asia-Pacific dominated
the global helium market in 2015, which is further anticipated to rise in the
coming years, owing to growing demand for helium from semiconductors sector,
MRI & NMR sector and science & research sector. Standing at an
estimated USD4.1 trillion in 2015, semiconductors based electrical and
electronic products and systems market is the world’s largest commodities
market as well as one of the major end-users of helium. In 2015, Air Products & Chemicals Inc. was
the largest player in the global helium market. However, Air Liquide completed
the acquisition of Airgas in
May 2016, which augmented its market share, and in the coming years the
company’s market dominance is expected to further increase.
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Gaseous helium
dominated global helium market in 2015, and the segment is anticipated to
maintain its dominance during the forecast period, owing to growing use of gaseous
helium in semiconductors, leak detection and welding applications. “Global helium market is expected to grow during the
forecast period, owing to stable price and rising availability across the world.
Growing electronics sector in China, Japan and South Korea is further
anticipated to propel demand for gaseous helium. Moreover, increasing use of
helium in MRI and NMR scans, is further expected to drive global helium market through
2021.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Helium Market By Type,
By Application, By Distribution, By Region Competition
Forecast & Opportunities, 2021”
has evaluated the future growth potential of gaseous and
liquid helium globally and provided statistics and information on market
structure, industry behavior and trends. The report includes market projections
and demand forecasting. The report is intended to provide cutting-edge market
intelligence and help decision makers to take sound investment evaluation.
Besides, the report also identifies and analyses emerging trends along with
essential drivers, challenges and opportunities available in global helium market.
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