Market News
Recent Developments
New product launches
- Linde is a global multinational chemical company founded in Germany, announced the launch of its new High Purity Helium (HPHe) product line, which is designed for use in a variety of high-tech applications including semiconductor manufacturing, fiber optics, and cryogenics. The HPHe product line offers a purity of 99.999%, which is significantly higher than the purity of standard helium products.
- Air Liquide is a world leader in gases, technologies and services for Industry and health, launched its new Liquid Helium (LHe) delivery system, which is designed to improve the efficiency and safety of LHe deliveries. The new system uses a self-contained, cryogenically insulated container that can be transported without the need for external cooling. This makes it easier and safer to transport LHe to customers, and it also reduces the risk of leaks.
- Praxair is an American worldwide industrial gases company, announced the launch of its new Helium Leak Detector (HLD), which is designed to detect even the smallest helium leaks. The HLD uses a mass spectrometer to measure the concentration of helium in the air, and it can detect leaks as small as 0.1 parts per million. This makes it ideal for use in a variety of applications including semiconductor manufacturing, cryogenics, and aerospace.
Acquisition and partnerships
- In 2021, Gulf Cryogenics acquired Heliene for US$1.51 billion. This acquisition gave Gulf Cryogenics a significant presence in the gaseous and liquid helium market.
- In 2020, Messer Group acquired Air Products' helium business for US$1.13 billion. This acquisition gave Messer a major foothold in the gaseous and liquid helium market.