Global Helium Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
11 Mar, 2021
The helium market consists of sales of helium by entities (organizations, sole traders or partnerships) that produce helium in compressed gas and liquid forms. Helium is a colorless, odorless, tasteless, non-toxic, inert, monatomic gas, the first in the noble gas group in the periodic table. Helium is generally available in natural gas form and can be converted into liquid form by lowering the temperature to below -270 degrees, it is commonly used in healthcare, welding, balloons, electronics and semi-conductor industries.
Global Helium Market Size And Drivers:
The global helium market is expected to grow from $3.65 billion in 2020 to $5.80 billion in 2025 at a rate of 9.7%. The market is then expected to grow at a CAGR of 5.7% from 2025 and reach $7.65 billion in 2030.
The unprecedented outbreak of coronavirus is expected to increase the demand for helium-cooled cases for storing and transportation of COVID-19 vaccines in the forecast period.
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Trends In The Global Helium Market
Many chemical manufacturers are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to obtain real-time insights and identify inefficiencies in the manufacturing process. The data obtained through these devices is processed, analyzed, and interpreted by plant managers and senior-level management to improve quality and achieve optimum production levels.
Global Helium Market Segments:
The global helium market is further segmented based on type, end user and geography.
By Type: Liquid, Gas.
By End-User: Healthcare, Welding and Metal Fabrication, Electronics and semiconductors, Laboratory, Lifting and Balloons, Other End-User industries.
By Geography: The global helium market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global helium market, accounting to 39.8% of the total market.
Read More On The Report For The Global Helium Market At:https://www.thebusinessresearchcompany.com/report/helium-market
Helium Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides helium market overviews, analyzes and forecasts market size and growth for the global helium market, helium market share, helium market players, helium market segments and geographies, helium market’s leading competitors’ revenues, profiles and market shares. The helium market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.