Transparency Market Research, New York: Over the forecast period of 2019 to 2027, the global helium market will grow at a rate of about 4%. This will help the market worth increase to about USD 3.5 billion by the end of the stated period from somewhere around USD 2.4 billion in 2018. Growth in a number of end-use industries such as electronics and semiconductors, and healthcare is set to be a prominent factor propelling the global helium market on an upward growth trajectory.
As per Transparency Market Research, “The trend of using helium in semiconductor production, metal fabrication and in application in nuclear power plants is growing and this is set to be one of the most notable factors driving the market forward over the forecast period.”
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Numerous trends and drivers are impacting growth in the global helium market in a positive way. Of the long list, prominent ones – as identified by Transparency Market Research – are provided below:
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Regional Analysis of Global Helium Market:
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Key players 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, among others. It is pertinent to note here that as per Transparency Market Research, the vendor landscape of the market is moderately consolidated. Multinational players hold a notable share of the market. Additionally, as far as growth strategies go, key alliances and increase in production capacity are seen as notable measures.
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