Product Code: GVR-4-68040-164-2
Helium Market Growth & Trends:
The global helium market size is expected to reach USD 6.07 billion by 2030, registering a CAGR of 6.7% from 2024 to 2030, according to a new study by Grand View Research, Inc. Helium is used in various medical and healthcare applications, such as magnetic resonance imaging (MRI) machines and cryogenics for preserving biological samples. The growing healthcare industry, along with the increasing use of MRI technology, has driven up product demand. Helium finds applications in the manufacturing and temperature control of semiconductors and various electronic components. Growing technological advancements drive the requirement for these components, consequently augmenting the product demand.
Furthermore, the product is used in the detection of leaks within the energy sector, notably in natural gas pipelines and storage facilities. As the energy industry continues to grow, the necessity for helium in these specific applications follows suit. At the beginning of 2022, helium supply interruptions were experienced due to maintenance shutdowns at gas production facilities in the United States and Qatar, as well as fires at a recently established Russian facility. Consequently, several academic research laboratories reliant on it, for cooling purposes in nuclear MR (NMR), superconducting quantum interference devices (SQUID), and MR spectroscopy equipment, were compelled to temporarily halt their operations.
In addition, some labs were compelled to pay a 30% premium to secure their supply. In light of the persistent product shortage affecting multiple industries on a global scale, various R&D labs delve into the potential of recycling and conservation methods to address this pressing international concern. In recent years, significant technological progress has played a crucial role in the development of promising recycling methods aimed at conserving helium. However, challenges associated with the adoption of these novel approaches, coupled with potential enduring effects on both industrial processes & environmental well-being, underscore the importance of gaining a thorough grasp of the future landscape of recycling & preservation.
Helium Market Report Highlights:
- The liquid phase is expected to register the fastest CAGR of 5.0% from 2024 to 2030. It is used to cool superconducting materials & devices. Superconductors are critical in various technologies, including quantum computing, fusion energy research, and high-speed transportation like Maglev trains. As these technologies advance, the demand for liquid helium increases
- The welding application segment will witness the fastest CAGR of 5.5% from 2024 to 2030. The product usage in combination with other gases or as part of a gas blend can increase the welding speed. This is especially advantageous in production welding processes where efficiency and speed are essential
- Aerospace & defense will emerge as the fastest-growing end-use segment at a CAGR of 5.2% from 2024 to 2030. Increasing use of satellites for communication, navigation, earth observation, and scientific research relies on advanced technologies that require helium for cooling & temperature control. As satellite technology advances, so does the product demand
- Asia Pacific will witness the highest CAGR of nearly 5.4% from 2024 to 2030. This region serves as a central hub for electronics manufacturing, with helium having applications in semiconductor fabrication, electronics production, and R&D. Rising demand for consumer electronics and technological advancements are likely to further boost product demand in the electronics industry
- Key players in the global market, such as Linde Plc and Air Liquide, exert significant influence in shaping industry dynamics. In addition, smaller regional participants play an important part in the competitive landscape
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.4 Information analysis
- 1.5 Market formulation & data visualization
- 1.6 Data validation & publishing
- 1.6.1 Research scope and assumptions
- 1.6.2 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Helium: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Industrial Gases Market Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Manufacturing/Technology Trends
- 3.2.2 Sales Channel Analysis
- 3.2.3 List of Potential End-Users
- 3.3 Policy/ Regulatory Framework, by Regions
- 3.4 Price Trend Analysis, 2018 - 2030 (USD/Kg)
- 3.4.1 Factors Influencing Prices of Helium Market
- 3.5 Market Dynamics
- 3.5.1 Market Driver Analysis
- 3.5.2 Market Restraint Analysis
- 3.5.3 Industry Challenges
- 3.5.4 Industry Opportunities
- 3.6 Industry Analysis Tools
- 3.6.1 PORTERs Analysis
- 3.6.2 Macroeconomic Analysis- PESTLE Analysis
Chapter 4 Helium Market: Supplier Portfolio Analysis
- 4.1 Raw Material Trends
- 4.2 List of Raw Material Suppliers
- 4.3 Kraljic Matrix/ Portfolio Analysis
- 4.4 Engagement Model
- 4.5 Negotiation Strategies
- 4.6 Best Sourcing Practices
Chapter 5 Helium Market: Phase Estimates & Trend Analysis
- 5.1 Phase Movement Analysis & Market Share, 2023 & 2030
Chapter 6 Helium Market: Application Estimates & Trend Analysis
- 6.1 Application Movement Analysis & Market Share, 2023 & 2030
- 6.1.1 Breathing Mixes
- 6.1.2 Cryogenics
- 6.1.3 Leak Detection
- 6.1.4 Pressurizing & Puring
- 6.1.5 Welding
- 6.1.6 Controlled Atmosphere
- 6.1.7 Other Applications
Chapter 7 Helium Market: End-use Estimates & Trend Analysis
- 7.1 End-use Movement Analysis & Market Share, 2023 & 2030
- 7.1.1 Aerospace & Defense
- 7.1.2 Medical & Healthcare
- 7.1.3 Electronics & Electrical
- 7.1.4 Nuclear Power
- 7.1.5 Metal Fabrication
- 7.1.6 Other End-uses
Chapter 8 Helium Market: Regional Estimates & Trend Analysis
- 8.1 Helium Market: Regional Outlook
- 8.2 North America
- 8.2.1 North America Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2 U.S.
- 8.2.2.1 U.S. Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3 Canada
- 8.2.3.1 Canada Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4 Mexico
- 8.2.4.1 Mexico Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3 Europe
- 8.3.1 Europe Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.2 Germany
- 8.3.2.1 Germany Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.3 UK
- 8.3.3.1 UK Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.4 France
- 8.3.4.1 France Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.5 Italy
- 8.3.5.1 Italy Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.6 Spain
- 8.3.6.1 Spain Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.7 Poland
- 8.3.7.1 Poland Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.7 Russia
- 8.3.7.1 Russia Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.2 China
- 8.4.2.1 China Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.3 India
- 8.4.3.1 India Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.4 Japan
- 8.4.4.1 Japan Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.5 South Korea
- 8.4.5.1 South Korea Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.6 Australia
- 8.4.6.1 Australia Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.5 Central & South America
- 8.5.1 Central & South America Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.2 Brazil
- 8.5.2.1 Brazil Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.3 Argentina
- 8.5.3.1 Argentina Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.6 Middle East & Africa
- 8.6.1 Middle East & Africa Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.6.2 Saudi Arabia
- 8.6.2.1 Saudi Arabia Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.6.3 South Africa
- 8.6.3.1 South Africa Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.6.4 Qatar
- 8.6.4.1 Qatar Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.6.5 Algeria
- 8.6.5.1 Algeria Helium Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 9 Competitive Landscape
- 9.1 Company Categorization
- 9.2 Key Company Market Share Analysis, 2022
- 9.3 Company Heat Map Analysis
- 9.4 Strategy Mapping
- 9.5 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
- 9.5.1 Air Products and Chemicals, Inc.
- 9.5.2 Linde Plc
- 9.5.3 Air Liquide
- 9.5.4 Messer Group
- 9.5.5 Taiyo Nippon Sanso India
- 9.5.6 MESA Specialty Gases & Equipment
- 9.5.7 Matheson Tri-Gas Inc.
- 9.5.8 Iwatani Corporation
- 9.5.9 Gazprom PJSC
- 9.5.10 Gulf Cryo S.A.L.
- 9.5.11 IACX Energy