Helium market was valued at US$ 1878.2 million in 2020 and it is expected to reach US$ 2788.7 million by the end of 2027, growing at a CAGR of 5.9% - Valuates Reports

The global Helium market was valued at US$ 1878.2 million in 2020 and it is expected to reach US$ 2788.7 million by the end of 2027, growing at a CAGR of 5.9% during 2021-2027.

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Helium
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 form for nuclear reactors, semiconductors, lasers, light bulbs, superconductivity, instrumentation, medical applications, cryogenics, MRI and R & D laboratory research.

Helium Market Insights
North America is the largest producer of Helium, with a market share about 50%. It was followed by Middle East & Africa with 40%. Rasgas, Exxon, Air Product, Praxair and Air Liquide are the top 5 manufacturers of industry, and they had about 65% combined market share.

The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.

Helium Market Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Helium Market Segment by Type
Liquid Helium
Gaseous Helium

Helium Market Segment by Application
Cryogenics
Aerostatics
Semiconductor & Fiber Optics
Leak Detection & Gas Chromatography
Welding
Others

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