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Helium Market Size, Share, Competitive Landscape and Trend Analysis Report by Phase Type, by Application, by End-Use Industry : Global Opportunity Analysis and Industry Forecast, 2024-2032

Helium Market Size, Share, Competitive Landscape and Trend Analysis Report...

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Helium Market Size, Share, Competitive Landscape and Trend Analysis Report by Phase Type, by Application, by End-Use Industry : Global Opportunity Analysis and Industry Forecast, 2024-2032
Helium Market Size, Share, Competitive...
Report Code
RO3/128/1192

Publish Date
24/Jun/2024

Pages
200
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The global helium market revenue was around US$ 3.4 billion in 2023 and is estimated to reach US$ 4.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.2% during the forecast period from 2024 to 2032.
A tasteless, odorless, and colorless gas, helium is a member of the periodic table's noble gas group. Despite being relatively uncommon on Earth, it is the second most abundant element in the universe and the lightest element after hydrogen. Since helium is lighter than air and has a low density, it can be used in a variety of situations. It has the lowest boiling point of all the elements and, at very low temperatures, can transform into a liquid with amazing properties like superfluidity and superconductivity.
Factors Influencing Market Growth
- Helium is used for cooling purposes in the cryogenics, semiconductors, and nuclear energy industries. This is increasing the demand for helium in these industries, thus expanding the market.
- Helium is used to pressurize and purge gas lines, preventing impurities from contaminating the natural gas. This increases the demand for helium in natural gas extraction, thus driving market growth.
- Helium is essential to the aerospace industry because it is used to fill airships and provide buoyancy for balloons used for telecommunications, scientific research, and weather monitoring. This is increasing the demand for helium in the aerospace industry, thus propelling market growth.
- Limited helium reserves may hinder market growth.
Impact of COVID-19
COVID-19 negatively impacted the market. This is because strict rules of social distancing and lockdowns were imposed by the government. This became the main barrier to many industries operating. The issue affected the semiconductor and electronics markets equally. Along with a sharp decline in consumer demand, there was a corresponding decline in the production of completed goods. Liquified helium finds widespread application in the semiconductor and electronics industries. During COVID-19, these industries collapsed, which resulted in losses for the liquid helium market.
Regional Insights
Asia-Pacific dominated the market in 2023. In the areas of cryogenics and superconductivity, the region leads the way in research and development. In many applications, such as nuclear magnetic resonance (NMR) spectrometers, MRI machines, particle accelerators, and superconducting magnets, helium is an essential cryogenic coolant. These cutting-edge technologies are widely used in materials science, healthcare, and scientific research. Furthermore, the region has emerged as a leader in the electronics and semiconductor manufacturing industries, where the presence of helium plays a vital role in ensuring stability and reliability across various processes. In particular, helium plays a key role in the production of fiber optics, the cooling of superconducting magnets in magnetic resonance imaging machines, and the removal of impurities from electronic components during assembly.
Leading Competitors
- Gulf Cryo S.A.L.
- Matheson Tri-Gas, Inc.
- Praxair, Inc.
- Taiyo Nippon Sanso Corporation
- Gazprom PJSC
- IACX Energy
- Air Liquide S.A.
- Air Products & Chemicals Inc.
- ExxonMobil Corporation
- Linde plc
- Exxon Mobil Corporation
- Air Liquide SA
- Messer Group GmbH
- PGNiG
- Other Prominent Players

Segmentation Analysis
The global helium market segmentation focuses on application, end use industry, phase type, and region.
Segmentation based on Application
- Cryogenics
- Pressurizing and Purging
- Welding
- Controlled Atmosphere
- Leak Detection
- Breathing Mixture
- Others

Segmentation based on End User Industry
- Aerospace and Defense
- Medical and Healthcare
- Electricals and Electronics
- Others

Segmentation based on Phase Type
- Liquid
- Gaseous

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

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