Market Insights

The global demand for Helium Market is driven by widespread use in various end-use industries, particularly, aerospace & defense, medical, and semiconductor owing to its superior properties such as low boiling point, low density, low solubility, high thermal conductivity, and inertness. The technological advancements in various industries are expected to create lucrative opportunities for the players operating in the global helium market. However, the increasing preference for alternatives such as argon, liquid nitrogen, and hydrogen over helium due to its high cost and supply shortage is likely to hamper the market growth during the review period.

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Key Players

Air Products and Chemicals Inc
Qatargas Operating Company Limited
Nippon Helium Inc
The Linde Group
Air Liquide
Gulf Cryo
Noble Helium Pty Ltd
Weil Group
Praxair Technology Inc
nexAir LLC
Messer Group GmbH
Segmentation Analysis

The Global Helium Market has been segmented by form, application, end-use industry, and region.

On the Basis of Form, the global market has been categorized into liquid and gas.

Based on application, the global market has been divided into cryogenics, pressurizing and purging, welding, leak detection, breathing mixtures, controlled atmosphere, and others.

Based on end-use industry, the global market has been classified into aerospace & defense, electrical & electronics, medical, automotive, energy, leisure/recreational, welding & metal fabrication, and others.

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Regional Analysis

Regionally, the Global Helium Market has been segmented into Europe, North America, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in North America accounted for the largest share of the helium market in 2018 and is expected to grow at a significant rate during the review period. The growth can be attributed to the expanding aerospace and defense industry coupled with increased spending on R&D, and production expansion by the major aerospace & defense companies to meet the international and domestic demand. In addition, increased spending by the US government in the aerospace & defense industry is driving the market growth at a significant rate. The surge in demand for fabricated metal products in various end-use industries, particularly aerospace and automotive is the other major factor fueling the demand for helium in the region.

The market in Asia-Pacific is expected to register significant market growth in the coming years on account of the rapid growth of the semiconductor industry. The increased spending on consumer electronics and growing digitalization in emerging economies such as India, China, and South-East Asian nations such as Thailand, Vietnam, Singapore, and Indonesia are likely to drive the growth of the helium market in the region. The expanding aerospace and defense industry with increased spending by the government is expected to create growth opportunities for the players operating in the regional market.

Europe is another prominent market for helium on account of the growing medical industry coupled with robust spending on R&D in medical technology in the region, particularly, in Germany, the UK, and France. In 2017, over 13,000 patent applications were filed with the European Patent Office (EPO) in the field of medical technology.

The Latin American market is likely to witness substantial growth during the review period owing to the growth of the electrical & electronics and medical industries.

The market in the Middle East & Africa is likely to create lucrative opportunities for the players operating in the global helium market owing to increased spending on the defense and space equipment.