Helium Recovery dealers is a natural resource and being one of the coldest substances known in its liquid form, has allowed helium to be implemented into a wide variety of applications. According to a research report by Decision Databases, helium is widely used in NMR machines, MRI (magnetic resonance imaging) and nuclear reactors as a coolant. The use of helium in MRI equipment is a significant factor which is anticipated to increase the demand for helium in the near future. The report indicates that by product, the global helium market can be classified into gaseous helium and liquid helium.
Based on applications, the global helium market can be segmented into health care, aerostatics, transportation, electronics, cryogenics, semiconductor & fibre optics, leak detection & gas chromatography, welding and others. Geographically, North America led the market in terms of consumption in 2016 and it occupies the largest share of the helium market.
The research indicates that the packaged mode of distribution accounts for 49% of the overall market share. Consumers with small volume requirements are usually catered to through the packaged distribution mode, where compressed gas is sold in metal cylinders, which are often delivered to the customer’s facilities on-demand. Chandrakumar BJG, Lead Analyst, Chemicals & Materials, Technavio Research, explained, “Vendors are offering a series of packaging solutions, and are replacing metal packaging by composite materials made of plastic or aluminum.
Healthcare applications make up the largest share of helium consumption today, with MRI machines alone accounting for over 20% of total helium demand. MRI machines continue to become more commonplace in hospitals throughout the world, providing a clear opportunity for the commodity and a stable outlook for the helium purification equipment market.