Global Helium Market

Helium Market Size, Share, Growth Analysis, By Types(Liquid, Gas), By Application(Breathing Mixes, Cryogenics, Leak Detection, Pressurizing), By End user(healthcare, electronics & semiconductors, aerospace, defense), By Region - Industry Forecast 2024-2031

Report ID: SQSG15A2014 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 97 | Figures: 77

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.

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Global Helium Market size was valued at USD 3.94 billion in 2019 and is poised to grow from USD 4.45 billion in 2023 to USD 13.26 billion by 2031, growing at a CAGR of 12.9% in the forecast period (2024-2031).

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.', 'Air Products and Chemicals, Inc.', 'Linde AG', 'RasGas Company Limited', 'Buzwair Industrial Gases Factories', 'Praxair, Inc.', 'Air Liquide S.A.', 'Matheson Tri-Gas Inc.', 'Iwatani Corporation', 'Gazprom', 'ExxonMobil Corporation', 'Qatar Petroleum', 'Gazprom Export LLC', 'Taiyo Nippon Sanso Corporation', 'Airgas, Inc.', 'Messer Group ', 'Showa Denko K.K.', 'Gulf Cryo Holding', 'Australian Helium Pty Ltd.', 'PGNiG SA', 'Weil Group Resources, LLC'

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

Report ID: SQSG15A2014

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