Global Helium Market Growth & Forecast | 2023-2028

Market Insights

The global helium market is likely to witness an impressive CAGR of 4.5% during the forecast period of 2023-2028.

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What is helium?

Helium is a chemical element with atomic number 2 and is denoted by the symbol He. It is a colourless, odourless, tasteless, non-toxic, inert, monatomic gas, mainly produced or sourced from natural gas wells. Helium gas is lighter than air because of its low thickness and has the lowest boiling point among all the elements.

Market Dynamics

The growth of the global market is primarily driven by:

• Increasing consumption of helium in the electronics and semiconductor industries along with the growing usage of helium in the healthcare industry is the prime factors that is driving the growth of the market.
• The developing trend of helium application in nuclear power plants, metal works, and semiconductor production further adds a healthy growth opportunity in the helium market.

Segment Analysis

By Phase Type

The global market is segmented as liquid and gas. The gas-phase segment held the larger share of the market in 2022, and is expected to register the faster growth during the forecast period. The gas-phase is mostly used for welding and due to its lightweight and inflammable property it’s used in place of hydrogen in balloons, airships, etc. The growing development of efficient storage and transport methods for helium gases is expected to provide numerous opportunities over the following period.

By End-Use Industry Type

The global market is segmented as healthcare, electronics & semiconductors, aerospace, energy & power, and others. The healthcare segment held the largest share of the market in 2022, owing to its wide range of uses in the healthcare industry. Helium is used for cooling magnets of MRI machines, and with the growing demand of MRI scans, the demand for helium in healthcare sector is increasing. The growth of MRI technology is likely to create a healthy opportunity in the near future.

Regional Analysis

North America is estimated to be the largest market during the assessment period, with the USA, Canada, and Mexico being the countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the US electronics market, which is one of the largest procurers of helium. Further, the growing usage of MRI diagnostics in the USA is one of the key growth factors for the region’s market.

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Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The global helium market is segmented into the following categories. 

By phase type:

• Liquid
• Gas

By application type:

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

By end-use industry type:

• Healthcare
• Electronics & Semiconductors
• Aerospace
• Energy & Power
• Others

By region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major helium manufacturers are-

• Air Products and Chemicals Inc.
• Air Liquide S.A.
• Linde Plc
• Matheson Tri-Gas Inc.
• Ellenbarrie Industrial Gases Ltd.
• Taiyo Nippon Sanso Corporation
• Messer Group GmbH
• Weil Group Resources, LLC
• Iwatani Corporation
• Matheson Tri-Gas, Inc.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle and supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Segmentation

• Current segmentation of any one of the phase type by end-use industry type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.