Quarterly update on Bulk Helium
For the Quarter Ending December 2020
After prolonged shortage of Helium supply since July 2020, final quarter of 2020 brought stability in both supply and prices. In India, prices of Helium got stable and returned to normalcy. According to Air Liquide, a global leading gas company, China witnessed a growth of around 3.5% in the overall industrial gas consumption which was due to the rapid recovery in the industrial activity during the final quarter. Besides, market sentiments of large industrial activities like metal fabrications and electronics appreciably improved in South Korea during Q4 which directly impacted the consumption of industrial gases like Helium.
Demand for Helium gradually declined in North America and remained below average for leading companies like Air Liquide, whose Helium sales went down by 15% in Q4 2020. Furthermore, the sales of carrier gases comparatively improved from the previous quarterswith increase in activities in the manufacturing sector. In addition, Blue Star Helium, one of the leading Helium suppliers of USA, has upgraded its P50 grade Helium resources by 16% to 3.5 billion cubic feet during the final quarter and expanded its drilling program from 3 to 5 wells. This mega expansion is expected to add on to the Helium export potential of the region and is likely to improve the local as well as global Helium supply as well.
In Middle East, Qatar gas is the second largest producer of Helium after USA. Qatar extracts Helium with natural gas and that’s why the production of Helium also depends on the production of Liquified Natural Gas. During October, Qatar’s massive production facilities were shut for maintenance which impacted the global LNG and well as Helium supply and its prices. Later, in December the supply of global Helium came back to normal as several producers resumed their production as the market sentiments appeared optimistic.
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ChemAnalyst gathers information through primary research surveys conducted with various Bulk Helium manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Bulk Helium market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behaviour of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Bulk Helium market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.
Finally, region-specific markets for Bulk Helium are analyzed and region-wise demand pattern is tracked.
Helium is a colourless and odourless gas that occurs naturally in monoatomic form. It can be found near the uranium deposits and fossil fuel. Since it is not feasible to manufacture it hence most of the Helium in the world comes from these deposits. Some countries like USA and Russia have natural Helium reserves but other extract Helium along with Natural gas as large amount of Helium occurs with it naturally. Helium can also be extracted from air as it is present in trace amount in it. However, the production process is way costlier and complex to attain. Majority of Helium in the world comes from two countries i.e., USA and Qatar. Helium has wide range of uses in various industries like aerospace & aircraft, automotive, electronics, healthcare and metal fabrications. Owing to its inert nature, Helium is widely used in electronics for preventing filament from oxidation, providing colours to bulbs etc.