Singapore-based Roland Kuchler said he thinks the helium market will be fairly balanced for the next 10 years at gasworld’s Asia-Pacific virtual event today.
In his presentation, Kuchler, Head of Business Development for Helium and Gas, Asia-Pacific at Uniper Global Commodities, said when making a forecast for the coming years, we need to look at new supply on the one side, and demand expectation on the other.
“Overall, I’m expecting good, continued good growth for helium demand driven by high tech applications like the semiconductor industry. But I’m also expecting to see more helium demand from other areas which are not consuming as much helium currently, for example in the aerospace applications, but also, for example, from nuclear power plants,” he told event attendees.
“To make demand projections at the moment, this is certainly very challenging. Projections for this year and for next year, have been totally off the charts. However, as soon as the market returns to some kind of normal, I’m expecting the helium demand growth in the range of 2-3% per annum on average, for the next 10 years.”
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