Reports
Global Helium Market: 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; Industry Events and Developments; 2023-2028
Global Helium Market Outlook
The global helium market reached a volume of about 6500 MMCF in 2022. The market is further estimated to grow at a CAGR of 3.60% in the forecast period of 2023-2028 to reach a volume of around 7400 MMCF by 2028. North America, Europe and Asia Pacific are expected to be key markets.
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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 2023. 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.
Market Segmentation
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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
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Phase |
|
| Breakup by Application |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 (2018-2022)
8.3 Global Helium Market Forecast (2023-2028)
8.4 Global Helium Market by Phase
8.4.1 Liquid
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Gas
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Helium Market by Application
8.5.1 Breathing Mixes
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Cryogenics
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Leak Detection
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Pressurizing and Purging
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Welding
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Controlled Atmosphere
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Helium Market by End User
8.6.1 Aerospace and Aircraft
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Electronics and Semiconductors
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Nuclear Power
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Healthcare
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Welding and Metal Fabrication
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Helium Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Helium Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Helium Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Helium Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Helium Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Helium Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
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 2028
2. Global Helium Historical Market: Breakup by Phase (USD Million), 2018-2022
3. Global Helium Market Forecast: Breakup by Phase (USD Million), 2023-2028
4. Global Helium Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Helium Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Helium Historical Market: Breakup by End User (USD Million), 2018-2022
7. Global Helium Market Forecast: Breakup by End User (USD Million), 2023-2028
8. Global Helium Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Helium Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Helium Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Helium Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Helium Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Helium Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Helium Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Helium Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Helium Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Helium Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Helium Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Helium Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Helium Market Structure
Key Questions Answered in the Report
In 2022, the global helium market attained a volume of 6500 MMCF.
The global helium market is projected to grow at a CAGR of 3.60% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach 7400 MMCF by 2028.
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 6500 MMCF in 2022, 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 2023-2028, growing at a CAGR of 3.60%. The market is estimated to reach about 7400 MMCF by 2028.
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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