Increasing Consumption in the Electronics Industry
The electronics and semiconductor industry is a significant consumer of helium. Helium is used as the sleeve in rods that create LCD screens. It is also used as protective gas for flushing vessels during the processing of semiconductor chips, and as a cooling gas during the growth of silicon crystals. Helium is also considered vital for the manufacturing of optic fiber cables, as the presence of helium in the atmosphere prevents bubble from trapping inside the fiber cables. The global sales of semiconductors was valued at USD 31.3 billion, in April 2017, more than 21% in comparison to April 2016, majorly driven by the tremendous growth in the memory market.
Further, the helium market is likely to be driven by the increased connectivity of devices and systems that demand the use of sensors and other semiconductor devices. The mass production of electronics devices in Taiwan, China, and India is responsible for the high demand for helium in the region. Moreover, the Chinese government is aiming to raise up to USD 31.5 billion, to invest in domestic chip companies, in order to build a world-class semiconductor industry, which is likely to further propel the growth of the helium market. Many television manufacturers, such as LG, Samsung, Panasonic, and Sanyo are aiming to build their production facilities in India, owing to the reduced customs duty on open cell panels, by the government, from 10% to 5%, in March 2018. The increase in LCD manufacturing facilities in India is likely to drive the demand for helium in the country at a high rate.
Aerospace Industry to Witness High Demand
From manufacturing to flight, helium is widely utilized in the aerospace and aircraft industry. In space flight operations, helium is used to purge hydrogen systems, and it works as a pressurizing agent for ground and flight fluid systems. It is also used for lifting weather and other surveillance balloons. For instance, in Delta IV rockets, helium was used to maintain pressure in liquid oxygen fuel tanks. As liquid oxygen is burned as rocket fuel, helium is injected into the fuel tanks, to keep them from collapsing. Helium, as a purging gas, can be substituted by nitrogen, except for liquid hydrogen systems.
The growth of the commercial aerospace market is likely to lead to the development of new aircraft production programs in emerging countries, especially in China and the Middle East. New agreements are coming up, in order to meet the growing demand for travel, which is likely to boost the demand for helium. The increase in air traffic and production expansion by global manufacturers in the region are expected to augment the demand for helium during the forecast period. Asia-Pacific is expected to be the fastest-growing region in the aerospace industry, with regard to the helium market.
Asia-Pacific to Witness High Growth
Asia-Pacific region witnessed a high growth in the demand for helium in 2017. The increasing production of smartphones and the rapid growth in high-performance computing and artificial intelligence are consistently boosting the demand for semiconductors in China. China is gaining attention, as the fastest growing consumer of nuclear energy, with 38 nuclear reactors already functioning in the country, and 19 more under construction. The increasing focus on the development of nuclear power resources is expected to increase the demand for helium used in the nuclear reactors.
Additionally, rapid urbanization, increasing healthcare expenditure, and the growing proportion of the aging population in India are expected to increase the need for medical facilities and devices, which, in turn, is expected to augment the demand for helium used in the sector. However, the consumption of helium in the nuclear power sector in Japan is expected to grow at a slow rate. This can be attributed to the recent restarting of operations in various nuclear power plants in the country. For instance, a few units in the Genkai Nuclear Power Station and Ohi Nuclear Power Station restarted operations in mid-2017. Such investments are expected to boost the market for helium in the region during the forecast period.
Key Developments in the Market
Apr 2018: Praxair Inc. signed a long-term agreement to supply ultra-high purity industrial gases to Samsung’s semiconductor manufacturing facility in Pyeongtaek, Gyeonggi province, South Korea.
The major players include – Air Products and Chemicals Inc., Air Liquide, The Linde Group, Praxair Technology Inc., Matheson Tri-Gas Inc. (Taiyo Nippon Sanso Corporation), Iwatani Corporation, Messer Group, etc.,among others.
Praxair Inc. signed a long-term agreement to supply ultra-high purity industrial gases to Samsung’s semiconductor manufacturing facility in Pyeongtaek, Gyeonggi province, South Korea.
Asia-Pacific, North America, South America, Europe, and Middle East & Africa
Air Products and Chemicals Inc., Air Liquide, The Linde Group, Praxair Technology Inc., Matheson Tri-Gas Inc. (Taiyo Nippon Sanso Corporation), Iwatani Corporation, Messer Group, etc., among others
Revenue forecast, market sizing, trends and growth prospects, and market dynamics
Reason to purchase this Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Application that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Scope of the Report
1.2 Study Assumptions
1.3 Study Deliverables
1.4 Research Phases
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porters Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Intensity of Competitive Rivalry
3.3 Price analysis
4. Market Dynamics
4.1.1 Growing Consumption in the Electronics & Semiconductors Industry
4.1.2 Increasing Use in Healthcare Industry
4.2.1 Expensive Extraction Process
4.2.2 Stringent Government Regulations Concerning Helium Use
4.3.1 Development of Efficient Storage and Transport Methods for Gases
4.3.2 Huge Reserve of Natural Gas Found in Tanzania
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Phase
5.2 By Application
5.2.1 Breathing Mixes
5.2.3 Leak Detection
22.214.171.124 Vacuum Testing
126.96.36.199 Pressure Testing
5.2.4 Pressurizing and Purging
5.2.6 Controlled Atmospheres
5.2.7 Other Applications
5.3 By End-user Industry
5.3.1 Aerospace & Aircraft
5.3.2 Electronics & Semiconductors
5.3.3 Nuclear Power
5.3.5 Welding & Metal Fabrication
5.3.6 Other End-user Industries
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Production Analysis
6.1.1 United States
6.2 Consumption Analysis
188.8.131.52 South Korea
184.108.40.206 Australia & New Zealand
220.127.116.11 Rest of Asia-Pacific
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
6.2.3 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
6.2.4 Rest of the World
184.108.40.206 South America
220.127.116.11 Middle East & Africa
18.104.22.168 Other Regions of the World
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.1 Air Liquide
9.2 Air Products and Chemicals Inc.
9.3 Praxair Inc.
9.5 Linde AG
9.6 Gulf Cryo
9.7 Iwatani Corporation
9.8 nexAir LLC
9.9 Exxon Mobil Corporation
9.10 Qatargas Operating Company Limited
9.11 Weil Group
9.12 Global Gases Group
9.13 Renergen Limited
9.14 Matheson Tri-Gas Inc.
9.15 Messer group
*List Not Exhaustive
** Subject to availability on public Domain