COVID-19 Reduces Global Demand For Helium, Disrupts Supply Chain
April 14, 2020
The global helium market has been impacted by COVID-19 in a number of ways.
Like many industries, the global helium market is hurting from the COVID-19 outbreak. The pandemic has resulted in a significant drop in demand as well as in a disruption in the helium supply chain, according to an article from Gasworld.
According to the article, demand for party balloons, which makes up as much as 15% of the U.S. helium market and 10% of global demand, is particularly impacted due to social distancing efforts. Demand for diving gas is also hard hit. Export issues out of China when the country went into lockdown due to COVID-19 has reportedly also caused bottlenecking and continuity issues in the supply chain.
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