According to the research report titled ‘Global Helium Market (2021 Edition) - Analysis by Type (Gaseous, Liquid), Application (MRI Machines, Lifting, Scientific, Semiconductor, Welding, Others), By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global helium market amassed a revenue of USD 4462.19 million in the year 2020 and is slated to record stellar growth during 2021-2026.

Soaring consumption of helium in the electronic industry, particularly in Asian countries, as well as pervasive applications in various arenas like semiconductors, near-space travel balloons, and healthcare are variables enhancing the growth of global helium market.

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Because of the product's steep cost and limited supply, consumers hoard massive volumes ahead of schedule, resulting in substantial demand in the industry.

Besides that, helium cannot be manufactured or substituted, and is indispensable, which make it difficult to obtain. The rarity of the product makes it one of the most price inelastic raw materials which is aiding in accelerating the development of the business sphere.

Based on application spectrum, the market is split into scientific, welding, lifting, semiconductor, MRI/NMR machines, and others.

In terms of type, the industry is categorized into liquid form and gaseous form. Among these, the gaseous form vertical of worldwide helium industry is estimated to witness considerable expansion during the projected timeline, due to multiple application across verticals like chromatography, electronics (production cooling), breathing atmospheres (faster, easier, and safer decompression), laboratory applications, and others.

Concerning geographical aspect, Asia Pacific market accounted for a sizable revenue share in 2020 and is slated to observe similar growth during the assessment timeframe, attributed to the massive product usage by electronic manufacturers for semiconductors, optical fiber, flat panel displays, all of which involve helium for their fabrication.

The prominent players in global helium industry include Uniper SE, Messer Group GmbH, Iwatani Corporation, Saudi Arabian Oil Company (Saudi Aramco), Linde plc, Polish Oil Mining and Gas Extraction S.A. (PGNiG), Air Products & Chemicals Inc., PJSC Gazprom, Air Liquide S.A., and Exxon Mobil Corporation among others.