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.
·
Based on
application, the cryogenics segment constituted a significant share of the
global helium market in 2018, due to the increase in the usage of
helium in cryogenic applications.
·
The
helium market is Asia Pacific is likely to expand at a substantial pace during
the forecast period, owing to rapid urbanization and industrialization in the
region.
Key Drivers of Global Helium Market
·
Rise in investments
in the telecommunication sector is boosting the demand for optical fibers
across the globe. Optical fibers are used in data transmission and
communication services. This enables high-speed data transfer in small- and
long-range communications. Helium plays a vital role in the production of
optical fibers. These fibers are coated with several different claddings during
the drawing process. Claddings are applied using the modified chemical vapor
deposition (MCVD) process. Helium is mixed with MCVD reactive gases to enhance
the thermal gradient and improve the uniformity of claddings. Thus, increase in
the demand for optical fibers in the telecommunication industry is estimated to
fuel the helium market.
·
Increase
in investments in the global electronics & semiconductors industry,
especially in developing countries, is expected to drive the global helium
market. Helium is largely employed in the manufacture of semiconductors, as it
offers high thermal conductivity, which helps regulate the temperature of the
silicon during the manufacturing process. Helium also possesses low temperature
and inert gas features. This is anticipated to boost its adoption in the
electronics & semiconductors industry.
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Asia Pacific to Lead Global Helium Market
·
Asia
Pacific led the global helium market in 2018, due to rapid
industrialization and urbanization in the region, especially in countries such
as China, India, and Japan.
·
Increase
in the demand for helium in industries such as electronics &
semiconductors, healthcare, and manufacturing is likely to boost the market in
the region. Helium enhances heat transfer and provides a stable inert
atmosphere necessary for increased productivity in semiconductor manufacturing
in the electronics & semiconductors industry.
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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 Linde’s 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. These new centers increased the
company’s filling capacity by 1.3 times the total existing bases. The company
also introduced a highly-efficient helium recovery facility, which is estimated
to reduce helium loss by one-eighth of the conventional level.
·
In November
2016, Taiyo Nippon Sanso Corporation acquired Supagas Holdings Pty Ltd
(‘Supagas’), an Australia-based industrial gas and LPG company. The acquisition
would help the company enhance its penetration in Australia.
·
In August
2019, Linde Plc. announced the opening of a new gas production facility
supplying carbon dioxide, hydrogen, and methane to Evonik Industries at Jurong
Island in Singapore. The new, integrated facility is incorporated with Linde's
advanced technologies, which increase plant efficiency, reliability, and
environment-related sustainability. The new plant has strengthened Linde's
footprint in Jurong Island, positioning it as a preferred industrial gas
supplier to the petrochemical sector in Singapore.
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Global Helium Market: Competition Landscape
·
The
global helium market is led by multinational players operating across the
globe.
·
Prominent
players operating in the global helium market are Linde Plc., Axcel Gases, Taiyo Nippon Sanso Corporation, Air Products and
Chemicals, Inc., Messer Group, Weil Group, Iwatani Corporation, Matheson
Tri-Gas, Inc., The Southern Gas Limited, Ellenbarrie Industrial Gases, US Gas,
Air Liquide, and North American Helium.
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