Global Helium Market

Global Helium Market Size, Share, Growth Analysis, By Types(Liquid, Gas), By Application(Breathing Mixes, Cryogenics), By End user(healthcare, electronics & semiconductors) - Industry Forecast 2022-2028


Report ID: SQSG15A2014 | Region: Global | Published Date: November, 2022 | Pages: 157

Global Helium Market Insights

Helium Market was valued at USD 4.67 billion in 2021, and it is expected to reach a value of USD 6.59 billion by 2028, at a CAGR of more than 5% over the forecast period (2022- 2028).

Helium is used as a coolant for the Large Hadron Collider (LHC) and superconducting magnets in MRI scanners and NMR spectrometers. It is also used to cool satellite instruments and was used to cool the liquid oxygen and hydrogen that powered the Apollo spacecraft. The main types of helium are liquid helium and gaseous helium. Liquid helium is a superfluid, it essentially behaves like a zero-viscosity fluid governed by Euler's equations.

These are used in applications such as breathing mixtures, cryogenics, leak detection, pressurization and purging, welding, controlled atmosphere, and other applications that are used by end-users such as aerospace and aircraft, electronics and semiconductors, nuclear power, healthcare, welding, and metal fabrication, and other end-user industries.

Helium is used in various healthcare applications as adjunctive therapy in the exacerbation of asthma, ARDS, croup, COPD, and bronchiolitis. For example, helium is used in magnetic resonance imaging (MRI) systems to regulate powerful magnets, which is useful for monitoring various conditions of the abdomen, chest, and pelvis, and also useful for diagnosing pregnancy.

Market snapshot

Global Market Size

USD 4.67 billion

Largest Segment

Gas

Fastest Growth

Liquid

Growth Rate

more than 5% CAGR

Global Helium Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Helium Market Size By Types, 2021-2028 ($ Bn)
Global Helium Market Size By Types, 2021-2028 (%)

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Global Helium Market Segmental Analysis

Global Helium market is segmented based on the Types, Application, end user, and region. Based on the Types, the market is segmented as liquid and gas. Based On Application, the market is segmented as Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding, Controlled Atmosphere, and Others. Based on end user, the market is segmented into healthcare, electronics & semiconductors, aerospace, defense, energy and power, and others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Types

Based on its types, the global helium market can be segmented into liquids and gas. Among these there is Large-scale usage of gaseous helium, which also has the biggest market share, it is frequently used in welding. Gas-based helium has applications in fiber optics, semiconductors, leak detection, pressurizing and purging, and as a heat transfer medium. The need for gas from medical applications like NMR and MRI, expansion in the semiconductor industry, and electronics in the APAC region are the main factors driving the growth of the worldwide helium gas market. The utilization of gas helium in recent years has been on the rise with increasing adoption in various end-use segments.

Global Helium Market By Types , 2021(%)

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Global Helium Market Regional Insights

Asia Pacific has dominated the global helium market. Due to the high growth of end-user sectors like electronics and semiconductors, healthcare, and manufacturing, particularly in developing nations like China, Japan, and India, the region is predicted to grow significantly throughout the projection period. In 2021, a significant portion of the worldwide helium market was accounted for by Europe. The demand for helium in the region is projected to increase as investments increase in the manufacturing, aerospace, and healthcare end-user sectors as well as in the aerospace and defense industries.

Global Helium Market By Geography, 2021 - 2028
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Global Helium Market Dynamics

Driver

  • The development of conventional and unconventional gas reserves has been the focus of investments by gas operators due to the significant increase in natural gas demand. Helium is obtained as a by-product of natural gas. Therefore, it is projected that an increase in capital spending on-field development will lessen the inconsistent supply.
  • Semiconductor chips are used in electronic devices like PCs, tablets, and smartphones to perform computational, storage, and communication tasks. Most of these chips are constructed of silicon, a typical semiconductor substance.
  • Due to its high thermal conductivity, which helps regulate the silicon's temperature, helium is widely used in the production of semiconductors. Helium also has inert gas and low-temperature properties. Its usage in the electronics industry is anticipated to increase as a result. Thus, it is projected that increased investments in the electronics sector will fuel the worldwide helium market.

Restraint

  • Helium gas production and transportation are subject to stringent safety rules, which has had a significant impact on the industry. When exposed to high temperatures and pressures, these chemicals become toxic and dangerous. Equipment, methods, and procedures should be invested in by businesses in this sector to reduce harmful levels and chemical concentrations. These laws raised the operational costs of businesses in this sector, reducing the opportunity for investments in the introduction of new products and the opening of new markets, and so impacting market expansion.

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Global Helium Market Competitive Landscape

The Global Helium market is medium concentrated, with prominent players in the market which accounting over 75% of the total market. Key players include Air Liquide, Linde PLC, Matheson Tri-Gas Inc., Iwatani Corporation, and Messer Group, among others. They conduct out partnerships, mergers, acquisitions, collaborations, and other strategy.

Top Player's Company Profiles

  • Linde Plc. (Ireland)
  • Axcel Gases (India)
  • Taiyo Nippon Sanso Corporation (Japan)
  • Air Products and Chemicals, Inc. (US)
  • Messer Group (Germany)
  • Weil Group (US)
  • Iwatani Corporation (India)
  • Matheson Tri-Gas Inc. (US)
  • The Southern Gas Limited (India)
  • Ellenbarrie Industrial Gases (India)
  • US Gas (US)
  • Air Liquide (France)

Recent Developments

  • In January 2022, A long-term arrangement to deliver extremely high purity hydrogen, helium, and carbon dioxide to one of the biggest semiconductor manufacturers in the world is announced by Air Liquide. In order to support this new deal, Air Liquide intends to invest almost 60 million dollars in the construction, ownership, and operation of onsite plants and systems at a new production site in Phoenix, Arizona.
  • In October 2021, the conclusion of a forward-sale deal for 100,000 units of helium over a 19-year period to Argonon Helium US Inc. was announced by Renerger.

Global Helium Key Market Trends

  • Geographically, the North American healthcare industry is where helium is used the most frequently. The United States invests a large portion of its GDP in healthcare. The National Health Expenditure Accounts (NHEA) report that healthcare spending in the United States increased 9.7% in 2020, totaling USD 4.1 trillion, or USD 12,530 per person. 19.7 percent of the nation's Gross Domestic Product was spent on healthcare (GDP).
  • In a similar manner, India's healthcare industry has grown significantly as a result of improved services, expanded coverage, and rising public and private spending. A number of multinational companies are ready to set up manufacturing bases in the nation as a result of government policy liberalization that has made it possible for 100 percent FDI in the medical device sector.

Global Helium Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Helium market Analysis, in terms of product gaseous phase has the biggest market share as there is Large-scale usage of gaseous helium, it is frequently used in welding. in terms of application, the white goods segment held the largest share-based systems will challenge the market growth during the forecast period.

Report Metric Details
Market size value in 2021 USD 4.67 billion
Market size value in 2028 USD 6.59 billion
Growth Rate more than 5%
Base year 2021
Forecast period 2022- 2028
Forecast Unit (Value) USD Billion
Segments covered
  • Types
    • Liquid, Gas
  • Application
    • Breathing Mixes, Cryogenics, Leak Detection, Pressurizing, Purging, Welding, Controlled Atmosphere, Others
  • End user
    • healthcare, electronics & semiconductors, aerospace, defense, energy and power, and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Linde Plc. (Ireland)
  • Axcel Gases (India)
  • Taiyo Nippon Sanso Corporation (Japan)
  • Air Products and Chemicals, Inc. (US)
  • Messer Group (Germany)
  • Weil Group (US)
  • Iwatani Corporation (India)
  • Matheson Tri-Gas Inc. (US)
  • The Southern Gas Limited (India)
  • Ellenbarrie Industrial Gases (India)
  • US Gas (US)
  • Air Liquide (France)
Customization scope

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  • Segments by type, application, etc
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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Helium Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Helium Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Helium Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Helium Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Helium Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Helium Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Helium Market was valued at USD 4.67 billion in 2021, and it is expected to reach a value of USD 6.59 billion by 2028, at a CAGR of more than 5% over the forecast period (2022- 2028).

The Global Helium market is medium concentrated, with prominent players in the market which accounting over 75% of the total market. Key players include Air Liquide, Linde PLC, Matheson Tri-Gas Inc., Iwatani Corporation, and Messer Group, among others. They conduct out partnerships, mergers, acquisitions, collaborations, and other strategy.'Linde Plc. (Ireland)','Axcel Gases (India)','Taiyo Nippon Sanso Corporation (Japan)','Air Products and Chemicals, Inc. (US)','Messer Group (Germany)','Weil Group (US)','Iwatani Corporation (India)','Matheson Tri-Gas Inc. (US)','The Southern Gas Limited (India)','Ellenbarrie Industrial Gases (India)','US Gas (US)','Air Liquide (France)'

The development of conventional and unconventional gas reserves has been the focus of investments by gas operators due to the significant increase in natural gas demand. Helium is obtained as a by-product of natural gas. Therefore, it is projected that an increase in capital spending on-field development will lessen the inconsistent supply.

Geographically, the North American healthcare industry is where helium is used the most frequently. The United States invests a large portion of its GDP in healthcare. The National Health Expenditure Accounts (NHEA) report that healthcare spending in the United States increased 9.7% in 2020, totaling USD 4.1 trillion, or USD 12,530 per person. 19.7 percent of the nation's Gross Domestic Product was spent on healthcare (GDP).

Asia Pacific has dominated the global helium market. Due to the high growth of end-user sectors like electronics and semiconductors, healthcare, and manufacturing, particularly in developing nations like China, Japan, and India, the region is predicted to grow significantly throughout the projection period. In 2021, a significant portion of the worldwide helium market was accounted for by Europe. The demand for helium in the region is projected to increase as investments increase in the manufacturing, aerospace, and healthcare end-user sectors as well as in the aerospace and defense industries.

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Global Helium Market

Product ID: SQSG15A2014

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