Helium Market Analysis & Forecast 2024-2030

Global Helium Market is expected to reach USD 5396.45 million by 2030 with CAGR of 5.2% between 2024 and 2030

Overview

Helium is a colorless gas with low density and low chemical reactivity. Helium is also known as a lift gas. It is used in several industrial applications such as blimps, balloons, arc welding, and the manufacturing of semiconductor devices. Liquid helium has the lowest boiling point due to which it is frequently used in medical and scientific applications as a cooling medium. Helium gas is used in the medical field to make breathing easier in patients suffering from breathing problems also it is used as breathing gas by deep-sea divers.  

Nowadays helium is used in the aerospace industry to cool satellite instruments and space vehicles. Growing demand for helium in a wide spectrum of industrial sectors such as electronics, medical, aerospace is driving the growth of the Helium Market. However, the high cost of extraction is limiting the growth of the market. Growing advancements in helium extraction processes, storage methods will offer several lucrative growth opportunities in the forecast period 2023-2029.

Product type & Competitive analysis

On the basis of product types, the market is segmented into liquid and gas helium. The gas segment dominated the global helium gas market in 2023. Helium gas is used in several commercial applications due to its unique properties. It is used in cryogenics, aerostatics, welding, lasers, semiconductor manufacturing, and several others. The liquid segment was the fastest-growing segment and is projected to grow at the highest CAGR in the forecast period owing to rising applications in the space and healthcare sector.  

Competitive analysis included in research study helps users to understand key players market positioning and marketing strategies. Several players in the Helium Market are facing problems of helium reserve shortage. The shortage of helium is expected to affect the supply chain in the forecast period. Algeria, U.S., Russia, Canada, Qatar, and Poland are the only countries that produce helium which is leading towards instability in supply and price fluctuations across the world. Several companies are focusing on mergers and acquisitions, strategic collaborations for growth as well as to increase market share and presence across emerging Helium Markets in developing countries.  

In Jan 2020 Tumbleweed acquired the Ladder Creek helium plant and gathering system from DCP MIDSTREAM. The acquisition will improve the company's helium production capabilities and will secure a significant Helium Market in the U.S. Moreover in December 2020 VVC Exploration Canada-based mining company acquired a 10% minority interest in plateau Helium Corporation. Helium Corporation is focused on helium exploration and development in the western US.  

Application & Regional analysis

On the basis of applications, the Global Helium Market is divided into aerostatics, healthcare, electronics & semiconductors, and industrial. The healthcare segment is the largest in terms of revenue generation. Helium is extensively used in numerous healthcare applications due to its inert gas properties. It is used in various respiratory therapies, assists in neuroprotection in surgery, and acts as a coolant in MRI techniques, etc. Aerostatics is the fastest-growing segment and is growing at a faster pace owing to their use as a lift gas for balloons, airships, and blimps. Helium is also being used in rocket propulsion systems by the aerospace industry. The electronics & semiconductors and industrial segment will show significant growth in the forecast period owing to the growing demand for helium in applications such as welding, leak detection, breathing mixtures, and others.  

Regional outlook of research study is based on analysis of market in North America, Europe, Asia Pacific, Middle East, South America, and Africa & Rest of the World. North America dominated the Global Helium Market in 2023. The U.S. accounted for the largest revenue share in the North American market due to the presence of abundant helium reserves, advanced healthcare, electronics industry, and large-scale adoption in industrial applications. Europe is one of the prominent helium consumers in the world. The presence of cutting-edge manufacturing sector, the presence of players with strong R&D capabilities, growing demand for helium in the healthcare sector are the key drivers for the growth of the European Helium Market.  

The Asia Pacific is the fastest-growing market for helium globally with China contributes a major share in the Asia Pacific Helium Market. Regional electronics industry has developed significantly in the last few decades. The Asia Pacific is one of the major exporters of electronics to the world. The Helium Market in the Asia Pacific is expected to be driven by rising demand from electronics manufacturers. Large numbers of manufacturers have production bases in Asian countries due to low labor costs and raw material availability.  

Thailand is one of the largest producers of IC’s (integrated circuits), hard drives, and semiconductors. Thailand has the largest and important electrical appliances production base in the world and it’s the 2nd largest producer of air-conditioning units and the 4rth largest for refrigerators. Further growing applications of helium in imaging modalities, semiconductor manufacturing, fiber optic industries, and an upsurge in demand for helium from countries like Taiwan, Japan, South Korea is expected to fuel the growth of the Asia Pacific Helium Market in the forecast period. The Middle East and Africa and South America region are expected to witness significant growth in the forecast period 203-2030 owing to rapid growth in economies, rising investment from government and private sector to boost infrastructure and manufacturing sector.  

Helium Market : Product Type

• Liquid Helium
• Gas Helium

Helium Market : Application Analysis

• Aerostatics
• Healthcare
• Electronics & Semiconductors
• Industrial

Helium Market : Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Helium Market :

• Exxon Mobil
• Weil Group Resources
• Praxair Inc.
• PGNiG
• Air Product
• Gulf Cryo
• Air Liquide SA
• Linde AG

Geographical analysis of Helium Market :

• North America
  • U.S.A.
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Helium Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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