Helium is the second most abundant element in the Universe; however, sparse on earth. Currently, helium consumed, globally, is extracted from natural gas, which has a low helium concentration. Helium gas is most commonly used in the healthcare industry as a coolant, for the superconducting magnets in MRI. The other end-user industries include aviation & aerospace, electronics and semiconductors, and nuclear power.
The market is mainly driven by the increase in urbanization and industrialization in developing economies like India, China, etc. Other factors include the massive research done in the helium production. However, the market faces certain drawbacks like government regulations, volatile price of helium, and expensive extraction process. These factors may act as a roadblock to the growth of the market.
The helium market, on the basis of phase, is divided into liquid and gas. Liquid helium amounts to 25-30% of the total helium consumed, worldwide. The market can further be segmented by application into cryogenics, breathing mixes, coolant, wielding and rocket fuel. The cryogenic segment had the highest market share, which amounted to 26% of total helium consumption, in 2015.
The market has also been geographically segmented into APAC, North America, Europe, South America, and MEA. In terms of consumption in 2016, MEA and Europe led the market, with a share of 37%, collectively. It was followed by North America and Asia-Pacific. The extensive demand for helium in countries such as India and China, for electronics and semiconductors, has made Asia-Pacific an area of immense potential and opportunities.
Opportunities and Market Players:
The increase in packaging and transport technology and the discovery of huge natural gas deposit, of more than 2 trillion tcf in Tanzania in Feb, 2016, is expected to create opportunities for the growth of global helium market.
Some of the major companies dominating the market for helium production and uses are:
- Exxon Mobil Corp.
- Praxiar Inc.
- Messer Group
Market analysis for the global helium market, with region-specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global helium market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
1.2 Research Methodology
1.3 Market Definition
2. Executive Summary
3. Global Helium Gas Market
3.1 Market Overview
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness - Porter's Five Forces Model
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products
3.3.5 Degree of Competition
4. Market Dynamics
4.1.1 Rapid Growing Consumption in Semi-Conductors Industry
4.1.2 Urbanization and Industrialization
4.1.3 Ongoing R&D
4.2.1 Limited Global Reserves
4.2.2 Expensive Extraction Process
4.2.3 Volatile Price
4.2.4 Stringent Government Regulation of Helium Use
4.3.1 Better Ways of Storage Transport for Gases
4.3.2 Huge Deposit of Natural Gas Found in Tanzania
5. Market Segmentation and Analysis
5.1 By Phase
5.2 By End-User Industries
5.2.3 Electronics and Semiconductors
5.2.4 Nuclear Power
5.3 By Application
5.3.1 Breathing Mixes (Used in Deep Sea Diving, Treating Asthma)
5.3.3 Pressurizing and Purging
5.3.5 Other Applications
6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1.5 South Korea
6.1.6 Australia & New Zealand
6.1.7 ASEAN Countries
6.1.8 Rest of APAC
6.2.6 Rest of Europe
6.3 North America
6.3.4 Rest of North America
6.4 South America
6.4.3 Rest of South America
6.5 Middle East and Africa
6.5.1 South Africa
6.5.3 Rest of MEA
7. Competitive Landscape
7.1 Mergers & Acquisitions
7.2 Joint Ventures Collaborations and Agreements
7.3 Market Share Analysis
7.4 Strategies Adopted by Leading Players
8. Company Profiles
8.1 Air Liquide
8.2 Air Products
8.4 Exxon Mobil Corporation
8.6 Gulf Cryo
8.10 Messer Group
8.11 Polish oil and Gas Company
8.12 Praxair Inc.
8.13 Qatar Gas
8.14 Ras Gas
8.15 Weil Group