According to the 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 was valued at USD 4462.19 million in the year 2020 and is expected to rise exponentially between 2021 and 2026.
 

High price and limited availability of product causes consumers to stockpile large quantities ahead of time, resulting in massive demand in the global helium market. Additionally, rising consumption in the electronics sector, especially in countries across Asia, as well as widespread usage of helium in applications such as near-space travel balloons, semiconductors, and healthcare are propelling the industry growth.
 

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Furthermore, helium cannot be synthesized and is irreplaceable, and characteristics like these make it rare, which is further accelerating the development of the industry.
 

In terms of type, the gaseous form segment of worldwide helium industry is poised to grow significantly during the forecast period due to its various usages such as in breathing atmospheres (faster, easier, and safer decompression), electronics (production cooling), chromatography, laboratory applications, and so on.
 

Speaking of application scope, the industry is categorized into welding, semiconductor, scientific, lifting, MRI/NMR machines, and others.
 

From a regional standpoint, Asia Pacific market accounted for the largest demand share in 2020 and is anticipated to remain the major contributor over the forecast timeframe, due to extensive product usage by electronic manufacturers for flat panel displays, semiconductors, and optical fiber, all of which involve helium for their production.
 

The competitive landscape of worldwide helium market is defined by companies such as Exxon Mobil Corporation, 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., Uniper SE, and Messer Group GmbH among others.