According to a new report published by Allied Market Research, titled, "Helium Market," The helium market was valued at $3.3 billion in 2022, and is estimated to reach $4.9 billion by 2032, growing at a CAGR of 4.2% from 2023 to 2032.
Helium possesses several unique properties that make it valuable for various applications. It has the lowest boiling point of any element, which allows it to remain in a gaseous state at extremely low temperatures. It is lighter than air, which enables it to rise and float, making it ideal for filling balloons and airships.
Helium has numerous applications in scientific research and experimentation. Its low boiling point and inert nature make it a crucial coolant in cryogenics, enabling scientists to achieve extremely low temperatures required for various studies, such as superconductivity and quantum mechanics. Helium finds application in gas chromatography, a scientific method utilized for the analysis and separation of intricate mixtures in the fields of chemistry and biology.
Helium plays a vital role in medical and healthcare applications. As a breathing gas used to treat respiratory conditions such as asthma and chronic obstructive pulmonary disease (COPD), helium is frequently combined with oxygen. Helium's low density lowers airway resistance and makes it easier for patients to breathe. Helium is also used to cool the superconducting magnets in magnetic resonance imaging (MRI) scanners.
One of the most well-known uses of helium is in filling balloons and airships. Due to its lighter-than-air property, helium enables balloons to float effortlessly in the sky. The use of helium in balloons is not limited to recreational purposes but also extends to meteorological research, aerial photography, and scientific experiments that require elevated observations or data collection. Helium's unique properties contribute to breakthroughs in scientific research, including discoveries in quantum physics and enabling the development of advanced technologies such as superconductivity and MRI scanning.
On the basis of phase type, the liquid segment is the fastest-growing segment of the helium market in 2022. Liquid helium is a widely utilized cryogenic coolant due to its exceptional ability to reach incredibly low temperatures. With a boiling point of -268.93 degrees Celsius (-452 degrees Fahrenheit), it is an ideal choice for maintaining extreme cold conditions in various scientific research applications. Specifically, it plays a crucial role in fields like superconductivity, low-temperature physics, and materials science. Liquid helium is indispensable for cooling superconducting magnets, which are integral components in advanced technologies such as MRI machines and particle accelerators.
On the basis of application, the breathing mixture segment is the fastest-growing segment of the helium market in 2022. Breathing mixtures that include helium are commonly used in certain specialized applications, such as deep-sea diving and aerospace activities. The addition of helium to breathing mixtures serves specific purposes based on the properties of the gas. Helium is often mixed with oxygen to create a breathing mixture called heliox, which is used in deep-sea diving. When diving at great depths, the increased pressure can cause a condition called nitrogen narcosis, also known as "rapture of the deep." To counteract this, helium is used to replace some or all of the nitrogen in the breathing mixture. Helium has a lower density and higher thermal conductivity than nitrogen, making it safer to use at extreme depths.
On the basis of the end-use industry, the others including automotive, metal fabrication, and others segment is the fastest-growing segment of the helium market in 2022. Helium-filled tires can provide advantages such as decreased weight, enhanced fuel efficiency, and improved heat dispersion. Moreover, helium finds application as a shielding gas in specific welding methods like gas tungsten arc welding (GTAW) or tungsten inert gas (TIG) welding. In these techniques, helium is combined with other gases, such as argon, to generate the desired protective environment around the welding arc. By incorporating helium, these processes achieve enhanced arc stability, elevated heat transfer, and prevention of metal oxidation during welding.
By region, the Asia-Pacific is the fastest-growing region of the helium market in 2022. The Asia-Pacific region is a leading hub for research and development in the field of cryogenics and superconductivity. Helium plays a crucial role as a cryogenic coolant in a wide range of applications such as superconducting magnets, MRI machines, particle accelerators, and NMR spectrometers. These technologies have significant implications for scientific research, healthcare, and materials science.
- In January 2021, the Lingang Economic District in China chose Fives Group to supply 13 Cryomec cryogenic centrifugal pumps for their upcoming air separation unit (ASU). The ASU is specifically designed to generate more than 2,000 tons of oxygen per day, highlighting the importance of cryogenics in large-scale industrial processes.
- The major players operating in the global helium market include Air Liquide S.A., Air Products & Chemicals Inc., ExxonMobil Corporation, Gazprom PJSC, Gulf Cryo S.A.L., IACX Energy, Linde plc, Matheson Tri-Gas, Inc., Praxair, Inc., and Taiyo Nippon Sanso Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the helium market analysis from 2022 to 2032 to identify the prevailing helium market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the helium market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global helium market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Cryogenics
- Pressurizing and Purging
- Welding
- Controlled Atmosphere
- Leak Detection
- Breathing Mixture
- Others
By End-Use Industry
- Aerospace and Defense
- Medical and Healthcare
- Electricals and Electronics
- Others
By Phase Type
By Region
- North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players:
- Air Liquide S.A.
- Air Products & Chemicals Inc.
- ExxonMobil Corporation
- Gazprom PJSC
- Gulf Cryo S.A.L.
- IACX Energy
- Linde plc
- Matheson Tri-Gas, Inc.
- Praxair, Inc.
- Taiyo Nippon Sanso Corporation
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. High bargaining power of suppliers
- 3.3.2. High threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Advancements in technology with respect to helium
- 3.4.1.2. Rise in demand for helium in the healthcare sector
- 3.4.2. Restraints
- 3.4.2.1. Limited helium reserves
- 3.4.3. Opportunities
- 3.4.3.1. Helium recycling and conservation
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Pricing Analysis
- 3.7. Value Chain Analysis
- 3.8. Key Regulation Analysis
CHAPTER 4: HELIUM MARKET, BY PHASE TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Liquid
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Gaseous
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: HELIUM MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Cryogenics
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Pressurizing and Purging
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Welding
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Controlled Atmosphere
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Leak Detection
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
- 5.7. Breathing Mixture
- 5.7.1. Key market trends, growth factors and opportunities
- 5.7.2. Market size and forecast, by region
- 5.7.3. Market share analysis by country
- 5.8. Others
- 5.8.1. Key market trends, growth factors and opportunities
- 5.8.2. Market size and forecast, by region
- 5.8.3. Market share analysis by country
CHAPTER 6: HELIUM MARKET, BY END-USE INDUSTRY
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Aerospace and Defense
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Medical and Healthcare
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Electricals and Electronics
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Others
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
CHAPTER 7: HELIUM MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Phase Type
- 7.2.3. Market size and forecast, by Application
- 7.2.4. Market size and forecast, by End-Use Industry
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Phase Type
- 7.2.5.1.3. Market size and forecast, by Application
- 7.2.5.1.4. Market size and forecast, by End-Use Industry
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Phase Type
- 7.2.5.2.3. Market size and forecast, by Application
- 7.2.5.2.4. Market size and forecast, by End-Use Industry
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Phase Type
- 7.2.5.3.3. Market size and forecast, by Application
- 7.2.5.3.4. Market size and forecast, by End-Use Industry
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Phase Type
- 7.3.3. Market size and forecast, by Application
- 7.3.4. Market size and forecast, by End-Use Industry
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Phase Type
- 7.3.5.1.3. Market size and forecast, by Application
- 7.3.5.1.4. Market size and forecast, by End-Use Industry
- 7.3.5.2. France
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Phase Type
- 7.3.5.2.3. Market size and forecast, by Application
- 7.3.5.2.4. Market size and forecast, by End-Use Industry
- 7.3.5.3. Italy
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Phase Type
- 7.3.5.3.3. Market size and forecast, by Application
- 7.3.5.3.4. Market size and forecast, by End-Use Industry
- 7.3.5.4. Spain
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Phase Type
- 7.3.5.4.3. Market size and forecast, by Application
- 7.3.5.4.4. Market size and forecast, by End-Use Industry
- 7.3.5.5. UK
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Phase Type
- 7.3.5.5.3. Market size and forecast, by Application
- 7.3.5.5.4. Market size and forecast, by End-Use Industry
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Key market trends, growth factors and opportunities
- 7.3.5.6.2. Market size and forecast, by Phase Type
- 7.3.5.6.3. Market size and forecast, by Application
- 7.3.5.6.4. Market size and forecast, by End-Use Industry
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Phase Type
- 7.4.3. Market size and forecast, by Application
- 7.4.4. Market size and forecast, by End-Use Industry
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Phase Type
- 7.4.5.1.3. Market size and forecast, by Application
- 7.4.5.1.4. Market size and forecast, by End-Use Industry
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Phase Type
- 7.4.5.2.3. Market size and forecast, by Application
- 7.4.5.2.4. Market size and forecast, by End-Use Industry
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Phase Type
- 7.4.5.3.3. Market size and forecast, by Application
- 7.4.5.3.4. Market size and forecast, by End-Use Industry
- 7.4.5.4. South Korea
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Phase Type
- 7.4.5.4.3. Market size and forecast, by Application
- 7.4.5.4.4. Market size and forecast, by End-Use Industry
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Phase Type
- 7.4.5.5.3. Market size and forecast, by Application
- 7.4.5.5.4. Market size and forecast, by End-Use Industry
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Phase Type
- 7.5.3. Market size and forecast, by Application
- 7.5.4. Market size and forecast, by End-Use Industry
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Phase Type
- 7.5.5.1.3. Market size and forecast, by Application
- 7.5.5.1.4. Market size and forecast, by End-Use Industry
- 7.5.5.2. Saudi Arabia
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Phase Type
- 7.5.5.2.3. Market size and forecast, by Application
- 7.5.5.2.4. Market size and forecast, by End-Use Industry
- 7.5.5.3. South Africa
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Phase Type
- 7.5.5.3.3. Market size and forecast, by Application
- 7.5.5.3.4. Market size and forecast, by End-Use Industry
- 7.5.5.4. Rest of LAMEA
- 7.5.5.4.1. Key market trends, growth factors and opportunities
- 7.5.5.4.2. Market size and forecast, by Phase Type
- 7.5.5.4.3. Market size and forecast, by Application
- 7.5.5.4.4. Market size and forecast, by End-Use Industry
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Air Products & Chemicals Inc.
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.2. Linde plc
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.3. Praxair, Inc.
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.4. Air Liquide S.A.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Gazprom PJSC
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. ExxonMobil Corporation
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. Gulf Cryo S.A.L.
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. IACX Energy
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. Matheson Tri-Gas, Inc.
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Taiyo Nippon Sanso Corporation
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio