Developments in the Helium Market

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.

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. These cylinders are lightweight and offer immense benefits in terms of energy savings. Several companies like Luxfer Group and Time Technoplast have adopted composite cylinders in their distribution channel."

This makes helium unique and increasingly important for cooling applications such as in nuclear reactors, semiconductors, lasers, light bulbs, superconductivity, instrumentation, and cryogenics. 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.