Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Global Helium Market Swings to Oversupply

Photonics.com
Nov 2016
HOUSTON, Nov. 8, 2016 — The global market for helium, an inert gas essential for medical resonance imaging (MRI), semiconductors, welding and other manufacturing and industrial uses, is growing at 2 percent per year. That is less than the anticipated production rate since new capacity is coming online and recent shortages have destroyed some demand, according to new research from IHS Markit, a world leader in critical information, analytics and solutions.

IHS Markit researchers expect electronics manufacturers in China, South Korea and Taiwan to drive future helium demand. Semiconductor manufacturing, flat-panel display manufacturing, and optical-fiber manufacturing are all significant consumers of helium in Asian markets.

North America is the largest producer and consumer of helium. In 2015, North America produced 53 percent, or 78 million cubic meters of helium, and consumed more than 42 percent of the global supply, or more than 71 million cubic meters. In terms of consumption, Europe follows North America with 19 percent of helium supply consumption.


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.