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Global Helium Markets, 2015-2019 & 2020-2030 - Companies Should Invest in Equipment, Technologies & Processes to Limit Toxic Levels and Chemical Concentrations

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Research and Markets

Feb 14, 2020, 05:45 ET

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DUBLIN, Feb. 14, 2020 /PRNewswire/ -- The "Helium Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.

The global helium market was worth $10.6 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 11% and reach $15.73 billion by 2023.

The helium market growth is expected to be driven by the growing demand from the healthcare industry.

Stringent safety regulations associated with the manufacturing and transportation of helium gas was a major restraint on the market. Companies in this industry should invest in equipment, technologies and processes to limit the toxic levels and chemical concentrations. These regulations increased the operating costs of companies in this industry, thus limiting the scope for investments relating to the launch of new products and expansion into new markets, thereby affecting the market growth.

Decline of existing helium supply sources, particularly in the US Bureau of Land Management's (BLM) system, are causing industrial gas companies and distributors to seek new sources of helium supply such as production of helium from non-hydrocarbon sources.

Helium production from non-hydrocarbon sources is a production where helium is produced and sold as either the only revenue stream or one of the key revenue streams. For example, in 2018 there were five fields producing lift-grade, gaseous Grade 5.0, or liquid helium from non-hydrocarbon sources in the UK and Canada.

Additionally, at Global Helium Summit 2018, Rex Canon, IACX Energy's CEO, pointed out that If there were another non-hydrocarbon gas present that could be produced and sold as a commercial product, such as carbon dioxide, gas fields with helium contents lower than 0.6% could have been developed for the production and sale of helium as a secondary product. He also mentioned that due to decline of the BLM supplies, non-hydrocarbon sources of helium were a good alternative to the traditional sources from LNG flash gas and NRU off-gas

In October 2018, The Linde Group and Praxair, Inc. merged to create a combined entity with a market capitalization of $90 billion. As part of the agreement, Praxair shareholders will receive one share of Linde plc for each Praxair share. Linde AG shareholders will receive 1.54 shares of Linde plc for each Linde AG share tendered. This merger is expected to further consolidate the market by creating a global leader in terms of both sales and geographic footprint.

Praxair has a strong presence in Eastern Europe and The Middle East, whereas Linde has a strong presence in Europe and Asia. The merged company is expected to be a leader in each of these four regions, thus leaving only three companies to compete in the industrial gas market on a global basis. Linde AG is a Brazil-based producer and supplier of industrial, process and specialty gases. Paxair is a US-based atmospheric, process, and specialty gases, and surface coatings producer.

The helium market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific accounts for around 40% of the market.

Major players in the market are Airgas, Air Liquid, Linde, Messer Group, Air Products, Gazprom, Gulf Cryo, Matheson Tri-Gas, Exxon, Praxair.

Key Topics Covered

1. Executive Summary

2. Helium Market Characteristics

3. Helium Market Size And Growth
3.1. Global Helium Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Helium Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market

4. Helium Market Segmentation
4.1. Global Helium Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

  • Liquid Helium
  • Gaseous Helium

4.2. Global Helium Market, Segmentation By End-User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

  • Aerospace and Aircraft
  • Electronics and Semiconductors
  • Nuclear Power
  • Healthcare
  • Welding and Metal Fabrication
  • Other End-User Industries

5. Helium Market Regional And Country Analysis
5.1. Global Helium Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Helium Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Companies Mentioned

  • Airgas
  • Air Liquid
  • Linde
  • Messer Group
  • Air Products
  • Gazprom
  • Gulf Cryo
  • Matheson Tri-Gas
  • Exxon
  • Praxair
  • Buzwair
  • Badger Midstream
  • Iceblick
  • RasGas
  • Taiyo Nippon Sanso
  • PGNiG
  • NexAir LLC
  • Qatargas Operating Company Limited
  • Renergen
  • Weil Group
  • Iwatani Corporation

For more information about this report visit https://www.researchandmarkets.com/r/19gqzb

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900

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Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

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