Technavio expects global helium market to exceed $1.5 billion by 2020

Renewable energy

 

This market research report presents a detailed segmentation of the global helium gas market by application (health care, aerostatics, transportation, electronics and semiconductors, and general industries), by distribution model (packaged, merchant, and on-site), and by geography (APAC, Europe, Latin America, MEA, and North America). Key vendors analyzed in the report are Airgas, Air Liquide, Linde, Messer Group, and Praxair.

Technavio’s market research analysts estimate the global helium market, to grow at a CAGR of aroumd 9% between 2016 and 2020. Helium is used as a cryogenics coolant in most of the cutting edge energy and defense research. Liquid helium is also being used widely in quantum mechanics to study the atomic structure and behavior of subatomic particles such as neutrons, protons, and electrons. Such increasing research efforts is contributing to the demand for helium. EMEA dominates the global helium market, occupying around 39% of the total market share. The growing demand from numerous manufacturing industries associated with automobiles, construction, mining, and transportation is driving the growth of the market in this region.

The new market research report from Technavio provides a breakdown and analysis of the helium gas segments by technology.

“Vendors are offering a series of packaging solutions, and are replacing metal packaging by composite materials made of plastic or aluminium. These cylinders are lightweight and offer immense benefits in terms of energy savings. Several companies like Luxfer Group and Time Technoplast have adopted composite cylinders in their distribution channel,” says Chandrakumar BJG, Lead Analyst, Chemicals & Materials, Technavio Research

The packaged mode of distribution accounts for 49% of the overall market share. Consumers with small volume requirements are usually catered to through the packaged distribution mode, where compressed gas is sold in metal cylinders. These cylinders are often delivered to the customer’s facilities on-demand or can be bought by the consumer at a chain of vendor-owned or distributor facilities.

The leading vendors in the global helium market include Airgas, Air Liquide, Linde, Messer Group, and Praxair. This market is dominated by chemical vendors from Europe and US who have an integrated distribution network and rely on their proprietary manufacturing technologies. These providers have manufacturing facilities located across the world and operate through strategic partnerships and joint ventures. The report anticipates the key vendors in this market to expand their geographical presence through mergers and acquisitions or joint ventures during the forecast period.

A more detailed analysis is available in the Technavio report, Global Helium Market 2016-2020.

We can customize reports by other regions and specific segments upon request.

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