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Helium Market

Global Helium Market Size, Analysis, Share, Demand, Forecast: By Phase: Liquid, Gas; By Application: Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding, Controlled Atmosphere, Others; By End User; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Helium Market Outlook

The global helium market reached a volume of about 6,734.00 MMCF in 2023. The market is further estimated to grow at a CAGR of 3.6% in the forecast period of 2024-2032 to reach a volume of around 9,257.87 MMCF by 2032. North America, Europe and Asia Pacific are expected to be key markets.

 

helium market

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According to the helium market research, helium is commonly used in welding, pressurising and purging, cryogenics, breathing mixtures, leak detection, controlled atmospheres, and other processes. The chemical is used in a wide range of applications, including welding, metal production, nuclear power, semiconductors, aircraft, electronics, and electronic devices. Over the anticipated period, it is anticipated that the development of effective gas storage and transportation technologies will likely be one of the key global helium market trends.

 

Helium is used in the semiconductor manufacturing process for a variety of reasons, an aspect likely to influence the helium market price in coming years. Moreover, it is a gas that does not interact with other chemicals, as it is considered to be an inert gas. Helium also effectively conducts heat due to its high thermal conductivity, aiding in keeping silicon at a constant temperature throughout, which is becoming more significant as silicon circuitry gets smaller. It would be challenging to achieve this reduction without the process control that helium provides. Consequently, it is anticipated that the special properties of helium, which cannot be replaced by any other element, will increase the helium market share over the foreseeable future.

 

Global Market Likely to be Driven by Applications Across Sectors, Including Medical, Defence, Research, and Manufacturing

Helium (He), an inert gas, is the second lightest element (behind only hydrogen in lightness); it is colourless, odourless, and tasteless. Helium becomes liquid at −268.9 °C (−452 °F). The freezing and boiling points of helium are lower than those of any other substance known to man. To solidify helium, pressure of 25 atmospheres at a temperature of 1 K (−272 °C, or −458 °F) is required. According to the helium market report, helium has several applications which are supporting the market growth. It is employed as an inert-gas atmosphere for welding metals like aluminium.

 

As helium maintains its gaseous state at liquid-hydrogen temperature, it is used in rocket propulsion to pressurize fuel tanks, particularly those for liquid hydrogen. Helium is used as lifting gas for instrument-carrying balloons in meteorology. Liquid helium, being the coldest substance, is employed as coolant in cryogenics. Helium displays low solubility in the bloodstream, therefore, it is employed in high-pressure breathing operations, for example, a combination of helium and oxygen is employed for activities such as scuba diving and caisson work. Meteorites and rocks have been examined for helium content for the purpose of dating.

 

Today, helium is often found in laboratories to maintain very cold temperatures for experiments as helium can be cooled to temperatures near absolute zero. In the United States, the major use of helium is in cooling magnets in magnetic resonance imaging (MRI) machines, thus aiding the helium market size US. Liquid helium is used to cool magnets in the Large Hadron Collider, the world's largest particle accelerator, down to -456.34 degrees Fahrenheit (-271.3 degrees Celsius). Qatar and the United States are major producers of helium, along with Algeria, Australia, and Russia.

 

Use of Helium in Medical Domain Expected to Stimulate Growth of Global Helium Market

The use of liquid helium in magnetic resonance imaging (MRI) continues to increase with developments and new uses for equipment in the medical domain, thus increasing the helium market size. Modern equipment has to some extent reduced the need for exploratory surgery through accurate diagnosis. Another medical application includes MRE to conclude (through analysis of blood) whether an individual has any type of cancer. Canisters containing helium are used in the medical field to observe breathing; the gas is used in the treatment of asthma, emphysema, and other breathing related conditions, which is a major helium market trend.

 

Applications in Advertising, Defence and Law Enforcement Likely to Boost Market Growth

As per the helium market forecast, helium is also used widely to advertise on blimps for different companies. Other lifting gas applications are being developed by defence forces to detect low-flying cruise missiles. Military submarine detectors employ liquid helium to clean up noisy signals. It is reported that the U.S. Air Force employs helium in experiments on superconductors as a power source. The Drug Enforcement Agency is reported to employ radar-equipped blimps to detect drug smugglers along the borders of the United States. NASA is reported to use helium-filled balloons to sample the atmosphere in Antarctica to identify the causes of depletion of the ozone layer. This will likely increase the global helium market size.

 

Applications in Production and Research Expected to Drive Global Helium Market

Helium is used in the manufacture of fibre optics, vital to the deployment of 5G, which is expected to catalyse the helium market 2024. Helium is used in the preform production process, stage one of optic fibres manufacturing which comprises creating a precursor to the fibre, in particular for its reinforcement, and in the preform stretching process, to attain the optic fibre for efficient cooling.

 

Furthermore, helium is used in the production of electronic devices (semiconductors, flat screens, etc.) As per helium market analysis, helium has important uses in fundamental research applications. The gas is used in research on nuclear fusion (ITER) or for particle accelerators (CERN).

 

However, fluctuations in and uncertainties related to helium production, supply and prices may hinder market growth.

 

Helium Market Segmentation

 

helium market by segments

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By phase, the market is segmented into:

  • Liquid
  • Gas

 

By application, the market is classified into:

  • Breathing Mixes
  • Cryogenics
  • Leak Detection
  • Pressurizing and Purging
  • Welding
  • Controlled Atmosphere
  • Others

 

By end user, the market is divided into:

  • Aerospace and Aircraft
  • Electronics and Semiconductors
  • Nuclear Power
  • Healthcare
  • Welding and Metal Fabrication
  • Others

 

By region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

helium market by region

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Key Industry Players in the Global Helium Market

The report presents a detailed analysis of the following key players in the global helium market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

 

  • Air Liquide
  • Air Products and Chemicals Inc.
  • Exxon Mobil Corporation
  • Gazprom
  • Gulf Cryo
  • Iwatani Corporation
  • Linde PLC
  • TOTAL HELIUM LTD
  • Messer SE & Co. KGaA
  • Acail Group
  • Taiyo Nippon Sanso Corporation
  • HeliumOne
  • Others

 

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Phase
  • Application
  • End User
  • Region
Breakup by Phase
  • Liquid
  • Gas
Breakup by Application
  • Breathing Mixes
  • Cryogenics
  • Leak Detection
  • Pressurizing and Purging
  • Welding
  • Controlled Atmosphere
  • Others
Breakup by End User
  • Aerospace and Aircraft
  • Electronics and Semiconductors
  • Nuclear Power
  • Healthcare
  • Welding and Metal Fabrication
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Air Liquide
  • Air Products and Chemicals Inc.
  • Exxon Mobil Corporation
  • Gazprom
  • Gulf Cryo
  • Iwatani Corporation
  • Linde PLC
  • TOTAL HELIUM LTD
  • Messer SE & Co. KGaA
  • Acail Group
  • Taiyo Nippon Sanso Corporation
  • HeliumOne
  • Others

 

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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Helium Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Helium Historical Market (2018-2023) 
    8.3    Global Helium Market Forecast (2024-2032)
    8.4    Global Helium Market by Phase
        8.4.1    Liquid
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Gas
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Helium Market by Application
        8.5.1    Breathing Mixes
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Cryogenics
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Leak Detection
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Pressurizing and Purging
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Welding
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Controlled Atmosphere
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Others
    8.6    Global Helium Market by End User
        8.6.1    Aerospace and Aircraft
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Electronics and Semiconductors
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Nuclear Power
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Healthcare
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Welding and Metal Fabrication
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Others    
    8.7    Global Helium Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Helium Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Helium Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Helium Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Helium Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Helium Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive  Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Air Liquide
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Air Products and Chemicals Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Exxon Mobil Corporation
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Gazprom
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Gulf Cryo
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Iwatani Corporation
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Linde PLC
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    TOTAL HELIUM LTD
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Messer SE & Co. KGaA
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Acail Group
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Taiyo Nippon Sanso Corporation
            16.2.11.1    Company Overview
            16.2.11.2    Product Portfolio
            16.2.11.3    Demographic Reach and Achievements
            16.2.11.4    Certifications
        16.2.12    HeliumOne
            16.2.12.1    Company Overview
            16.2.12.2    Product Portfolio
            16.2.12.3    Demographic Reach and Achievements
            16.2.12.4    Certifications
        16.2.13    Others
17    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Helium Market: Key Industry Highlights, 2018 and 2032
2.    Global Helium Historical Market: Breakup by Phase (USD Million), 2018-2023
3.    Global Helium Market Forecast: Breakup by Phase (USD Million), 2024-2032
4.    Global Helium Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Helium Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Helium Historical Market: Breakup by End User (USD Million), 2018-2023
7.    Global Helium Market Forecast: Breakup by End User (USD Million), 2024-2032
8.    Global Helium Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Helium Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Helium Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Helium Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Helium Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Helium Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Helium Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Helium Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Helium Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Helium Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Helium Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Helium Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Helium Market Structure

Key Questions Answered in the Report

In 2023, the global helium market attained a volume of 6,734 MMCF.

The global helium market is projected to grow at a CAGR of 3.6% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 9,257.87 MMCF by 2032.

The major drivers of the market include the development of efficient storage and transport methods for gases, heavy investments in R&D, advancements in electronic industry, growing population, and increased income.

The increasing consumption of helium in the electronics and semiconductor industry and the growing usage in the healthcare industry are the key trends propelling the market's growth.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Based on phase, the market is segmented into liquid and gas.

The major applications of the market are breathing mixes, cryogenics, leak detection, pressurising and purging, welding, and controlled atmosphere, among others.

The end users of the market are aerospace and aircraft, electronics and semiconductors, nuclear power, healthcare, welding and metal fabrication, among others.

The major players in the market are Air Liquide, Air Products and Chemicals Inc., Exxon Mobil Corporation, Gazprom, Gulf Cryo, Iwatani Corporation, Linde PLC, TOTAL HELIUM LTD, Messer SE & Co. KGaA, Acail Group, Taiyo Nippon Sanso Corporation, and HeliumOne, among others.

Analyst Review

The global helium market attained a volume of 6,734 MMCF in 2023, driven by the increasing consumption of helium in the electronics and semiconductor industry in the historical period. Aided by the development of efficient storage and transport methods for gases and growing usage in the healthcare industry, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 3.6%. The market is estimated to reach about 9,257.87 MMCF by 2032.

 

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on phase, the market is segmented into liquid and gas. The major applications of the market are breathing mixes, cryogenics, leak detection, pressurising and purging, welding, and controlled atmosphere, among others. The end users of the market are aerospace and aircraft, electronics and semiconductors, nuclear power, healthcare, welding and metal fabrication, among others. The major regional markets for helium are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the market are Air Liquide, Air Products and Chemicals Inc., Exxon Mobil Corporation, Gazprom, Gulf Cryo, Iwatani Corporation, Linde PLC, TOTAL HELIUM LTD, Messer SE & Co. KGaA, Acail Group, Taiyo Nippon Sanso Corporation, and HeliumOne, among others.

 

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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