Helium Gas Market Is Booming Across the Globe Explored in Latest Report 2022-2027 | Top Key Players Analysis by – Rasgas (Qa), Exxon (Us), Linde (Us, Au), Air Product (Us), Praxair (Us), Air Liquide (Dz), Gazprom

The Helium Gas market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2025. The structured analysis contains graphical as well as a diagrammatic representation of the global Helium Gas Market with its specific geographical regions.

Over the next five years the Helium Gas market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 2399.3 million by 2026.

Leading Companies Profiled in this Report are: Rasgas (Qa), Exxon (Us), Linde (Us, Au), Air Product (Us), Praxair (Us), Air Liquide (Dz), Gazprom (Ru), Pgnig (Pl)

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News and Updates

Linde opens world’s first helium production plant in southern hemisphere- Munich, 3 March 2010 - Linde Gases, a division of The Linde Group, today announced the official opening of its helium production plant in Australia. The plant, located in Darwin in the Northern Territory, is not only the first helium production facility in the southern hemisphere but is also the industry’s first significant helium source to begin operations since Linde brought its Algerian joint venture plant on-stream in 2006. The new plant in Darwin represents a major achievement for the company and its Australian subsidiary, BOC South Pacific.

BASF and Linde plan to bolster helium supplies- Linde and BASF are launching a process to get helium out of natural gas destined for pipeline distribution. The technology could boost output of the element, which is in short supply for scientific instrumentation, medical, and industrial users.

In June 2019, Renergen raised about AUD 10 million for the Virginia Gas Project. It will fund a feasibility study for the commercialization of the high concentration helium reserves contained in the Virginia Gas project’s prospective sandstone deposit.

In Mar 2019, Messer acquired the majority of Linde AG’s gas business in North America and Linde and Praxair's business activities in South America.

Market Overview

Helium is a chemical element with symbol He and atomic number 2. It is a rare atmospheric gas which is colorless, odorless, tasteless, nontoxic, nonflammable and only slightly soluble in water. The concentration of Helium in the atmosphere by volume percent is 5.24 x 10-4. Its boiling points and melting points are the lowest among all the elements and it exists only as a gas except in extremely cold conditions.

Helium is principally shipped and used in either gaseous or Liquid Helium form for nuclear reactors, semiconductors, lasers, light bulbs, superconductivity, instrumentation, Semiconductor & Fiber Optics, cryogenics, MRI and R & D laboratory research.

The industry's leading producers are Rasgas, Exxon and Lidne, which accounted for 34.83%, 7.13% and 4.99% of revenue, respectively.

The demand for helium in the healthcare sector is increasing, owing to the rising demand for MRI scans. MRI has also seen growing applications in cancer screening and neurology. North America accounted for the largest share of the market, with the United States alone consuming a share of 30% of the global market. The United States has the largest aerospace industry in the world. According to the Federal Aviation Administration (FAA), the total active general aviation fleet is expected to have a small decline of 0.9% from 212,335 in 2019 to 210,380 aircraft by 2040, owing to unfavorable pilot demographics, availability of much lower-cost alternatives for recreational usage, and overall increasing cost of aircraft ownership.

Market Research Study Focus on these Types:

Liquid Helium
Gaseous Helium
By type?gaseous helium is the commonly used type, with about 57.62% market share in 2019.

Market Research Study Focus on these Applications:

Cryogenics
Aerostatics
Semiconductor & Fiber Optics
Leak Detection & Gas Chromatography
Welding
Others
Demand from the Cryogenics accounts for the largest market share, being 32.53% in 2019.

Helium Gas Market Regional Analysis:

–North America (United States, Canada, Mexico)
–Europe (Germany, UK, France, Italy, Spain, Russia)
–Asia-Pacific (China, Japan, South Korea, Australia, India)
–South America (Brazil, Argentina, Columbia)
–The Middle East and Africa (UAE, Egypt, South Africa)

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Key Takeaways of Helium Gas Market Report

-The Helium Gas market report Evaluates possibility through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for product types, end-use applications, and by different industry verticals.

– It understands the different dynamics determining the Helium Gas market like- key driving factors, challenges, and unseen opportunities.

-It provides in-depth insights on key company performance – Helium Gas market shares, strategies, financial benchmarking, product benchmarking, SWOT examination

– The report analyzes the sales distribution channels covering key geographies to improve top-line revenues.

-Helium Gas Market report provides the industry supply chain with a deep dive on the value augmentation at each step.

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Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research. Get a quick outlook on the Helium Gas market– Mergers & Acquisitions, deals, partnerships, product launches of all key players for the past 5 years.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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