Helium Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Gaseous and Liquid), By Application (MRI & NMR, Semiconductors & Optic Fibers, Others), By End Use (Aerospace, Electrical & Electronics, Medical, Welding, Others), By Region and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationHelium Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Gaseous and Liquid), By Application (MRI & NMR, Semiconductors & Optic Fibers, Others), By End Use (Aerospace, Electrical & Electronics, Medical, Welding, Others), By Region and Competition
In 2020, India's healthcare sector was worth about USD 280 billion.
Global Helium market is expected to expand during the projected period due to increasing demand from the healthcare industry as it helps in the treatment of various breathing diseases. Helium is a colorless, odorless, non-corrosive, non-toxic, and non-combustible gas mainly produced or sourced from natural gas wells. For better global positioning systems (GPS) in submarines and aircraft liquid helium is used to clean up noisy signals. For instance, research into the use of supercooled helium is continuing. The National Aeronautics and Space Administration (NASA) and the National Science Foundation-funded research are anticipated to focus on helium-4, which will be cooled to almost absolute zero, enabling it to become a frictionless fluid and acquire the potential to generate aural experiences. In addition, helium is also used widely to advertise on blimps for different companies as well as NASA uses helium-filled balloons to sample the atmosphere in Antarctica to identify the causes of the depletion of the ozone layer.
Furthermore, many companies and research institutes start investing in research and development regarding the development of technology based on helium. As the supply of helium becomes increasingly constrained, there is a growing focus on recycling helium to meet the growing demand. Helium recycling is becoming increasingly viable as technology improves and the cost of recycling decreases. Many research institutes and companies provide helium recycling services and this trend growing in the upcoming years.
For instance, in 2022, UCLA Chemistry & Biochemistry Department focus on new liquid helium recycling system that offers sustainable research.
Furthermore, for instance, Anhui Daxin Vacuum Technology Co., Ltd. provides Helium Filled Recovery System
Moreover, the use of helium in renewable energy technologies such as nuclear fusion. Helium is a critical component in nuclear fusion reactions, and as the development of nuclear fusion technology continues, the demand for helium is likely to increase will further expand the growth of Global Helium market in the forecast period.
For instance, ITER conducts nuclear fusion reactions in their research lab and produces gases with high temperatures and to detect these gases helium is used as standard gas.
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Helium is utilized to observe breathing. It is crucial to managing respiratory disorders such as asthma, emphysema, and others. Usually, the gas is utilized to treat lung conditions. Helium and oxygen are combined to treat acute and chronic respiratory conditions because they reach the lungs faster than any other substance. Helium is used to manage powerful magnets in magnetic resonance imaging (MRI) equipment, which is beneficial for monitoring various disorders within the stomach, pelvis, chest, and pregnancy diagnoses. Magnetic resonant imaging (MRI) machine operates using liquid helium as liquid helium reaches a temperature of -269°C which helps to cool down the magnet of the equipment. MRI is widely used in neurology along with cancer screening. Around 30% of the share of global helium consumption was attributable to its use in MRI scanners.
For instance, LBN Medical uses liquid helium in MRI Scanners
Furthermore, for instance, Air Products and Chemicals, Inc. offers KeepCOLD MRI magnet filling services using state-of-the-art liquid helium dewars.
Also, for commercially found at superconducting magnets employed in NMR spectroscopy, helium is the only gas to maintain the low temperature necessary for generating the superconducting effect.
For instance, Bruckner produces superconducting magnets for NMR ranging from 300 MHz to 1.2 GHz.
Thus, increasing demand from the healthcare sector propels the growth of the market in the forecast period.
Rising Demand for Particle Accelerators
Particle accelerators are a machine that uses electromagnetic fields to propel charged particles to very high speeds and energies. Helium is an essential component that plays a crucial role in the operation of these machines by providing a medium for cooling and conducting electricity. Particle accelerators generate a huge amount of heat during operation, and if not properly cooled, the machines can overheat and cause damage. Helium is a very stable refrigerant that can cool down objects to thousandths of a Kelvin, or less than minus 452°F ( -269°C). Liquid helium is used to cool the superconducting magnets that guide the particles through the accelerator, allowing them to reach higher energies without being destroyed. Accelerators can be many miles long and need to be cooled throughout thus helium is employed in large quantities. After being filled with helium, an accelerator can keep using the refrigerant. Moreover, the particles in the accelerator are typically charged, and to keep them on track, they need to be guided by electromagnetic fields generated by the superconducting magnets. Helium also uses as a conductive medium in particle accelerators due to its low electrical resistance, which allows these magnetic fields to be created and maintained without significant energy losses. In addition, helium is also used as a target material in some types of particle accelerators because it is relatively light and can be easily ionized, allowing for a high probability of interactions between the particles and the target. In these accelerators, the particles are accelerated to high energies and then directed at a target material to create a shower of secondary particles. Furthermore, researchers need to top off the supply to account for the minimal quantity that leaks and drifts away from the accelerator each year. Therefore, increasing demand for helium for various applications in particle accelerators anticipated the growth of the market in the forecast period.
For instance, ReiCat’s gas drying systems use helium in the cooling system of the
Growing Adsorption from The Metal Fabrication Industry
Due to its stable and inert nature, lighter than air, high ionization potential, and no chemical reactions when exposed to other materials, helium gas use is rising in the metal fabrication business. These reasons make helium gas the preferred gas for all electric welding processes, including Tungsten Inert Gas (TIG), Metal Inert Gas (MIG), Metal Active Gas (MAG), Plasma, and Laser welding. Due to its excellent thermal conductivity, helium may be employed in welding processes that need more heat input. Helium gas sales will continue to rise throughout the projection period due to rising demand for thin sheet metal and associated goods in sectors including aerospace, medicine, industry, manufacturing, and automotive.
For instance, SicgilSol India Private Limited produces helium gas used as a pressurizing and purge gas in the arc welding & metal fabrication process.
However, one of the biggest challenges is the limited supply of helium as helium is a non-renewable resource and it is extracted from underground reservoirs mainly from natural gas fields and it cannot be replaced. As demand for helium continues to grow, the supply will become increasingly constrained which generates concern about the long-term availability of the resources. Since helium is a low-density gas that is difficult to store and transport, which requires high costs for storage and transport. Moreover, helium is not easily extracted and refined it requires advanced technology for extraction resulting in a high cost of production and a refining process. Along with this found at of alternative gases such as nitrogen are used in some industrial applications instead of helium as it is cheaper and more readily found at which further restraint the market growth.
Recent Developments
- In
August 2022, Brothers Gas launched a UAE helium transfill facility both in gaseous
and liquid form.
- In
January 2022, Air Liquide announced a long-term agreement to supply ultra-high
purity hydrogen, carbon dioxide, and helium to one of the world's largest
semiconductor producers.
- Air
Liquide entered into a long-term agreement with Laurentis Energy Partners, a
leader in the clean-energy industry, to manufacture and distribute helium-3
(3He) in December 2021.
- In
October 2021, Renerger announced the completion of a forward sale agreement for
100,000 units of helium in a 19-year agreement with Argonon Helium U.S. Inc.
- In
June 2017, Qatar closed its two helium production plants because of the
economic boycott imposed by other Arab states.
Market Segmentation
Global Helium Market
Market Players
Air Liquide SA, Air Products and Chemicals, Inc., Qatar Liquefied Gas Co Ltd, Praxair Technology, Inc., Linde plc, Messer SE & Co. KGaA, Matheson Tri gas Inc., Gulf Cryo, nexAir LLC, Noble Helium Limited are some of the key players of the Global Helium Market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in USD Million, Volume in Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends |
|
Segments covered |
Type Application End Use |
|
Regional scope |
North America,
Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United States; Mexico; Canada; France; Germany; United
Kingdom; Italy; Spain; Russia; China; India; South Korea; Japan; Australia; Indonesia;
Thailand; Brazil; Argentina; South Africa; Saudi Arabia; UAE; Qatar |
|
Key companies profiled |
Air Liquide
SA, Air Products and Chemicals, Inc., Qatar Liquefied Gas Co Ltd, Praxair Technology,
Inc., Linde plc, Messer SE & Co. KGaA, Matheson Tri gas Inc., Gulf Cryo,
nexAir LLC, Noble Helium Limited |
|
Customization scope |
10% free report customization with purchase. Addition
or alteration to country, regional & segment scope. |
|
Pricing and purchase
options |
Avail customized
purchase options to meet your exact research needs. Explore
purchase options |
|
Delivery Format |
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request) |
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