NEW YORK, September 27, 2016 /PRNewswire/ --
Increasing penetration in healthcare, semi-conductors and optic fibres to drive global demand for helium
According to a recently published TechSci Research report "Global Helium Market By Type, By Application, By Distribution, By Region Competition Forecast & Opportunities, 2021", global helium market is forecast to exhibit a CAGR of 6.44% during 2016 - 2021, owing to rising demand for helium from sectors such as electronics, semiconductors & healthcare. Global helium production was dominated by the US, and the country accounted for a production share of 62.41% in 2015. Discoveries of new sources of helium has further fuelled production of helium, which is further anticipated to drive global helium market during the forecast period.
Browse 9 market data Tables and 88 Figures spread through 228 Pages and an in-depth TOC on
"Global Helium Market"
North America and Asia-Pacific dominated the global helium market in 2015, which is further anticipated to rise in the coming years, owing to growing demand for helium from semiconductors sector, MRI & NMR sector and science & research sector. Standing at an estimated USD4.1 trillion in 2015, semiconductors based electrical and electronic products and systems market is the world's largest commodities market as well as one of the major end-users of helium. In 2015, Air Products & Chemicals Inc. was the largest player in the global helium market. However, Air Liquide completed the acquisition of Airgas in May 2016, which augmented its market share, and in the coming years the company's market dominance is expected to further increase.
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Gaseous helium dominated global helium market in 2015, and the segment is anticipated to maintain its dominance during the forecast period, owing to growing use of gaseous helium in semiconductors, leak detection and welding applications. "Global helium market is expected to grow during the forecast period, owing to stable price and rising availability across the world. Growing electronics sector in China, Japan and South Korea is further anticipated to propel demand for gaseous helium. Moreover, increasing use of helium in MRI and NMR scans, is further expected to drive global helium market through 2021." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global Helium Market By Type, By Application, By Distribution, By Region Competition Forecast & Opportunities, 2021" has evaluated the future growth potential of gaseous and liquid helium globally and provided statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyses emerging trends along with essential drivers, challenges and opportunities available in global helium market.
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