Global Helium Gas Market Size By Type of Helium, By Distribution Mode, By Application, By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

View Details Buy Now 2890 Download Sample Ask for Discount Request Customization

Helium Gas Market Size And Forecast

Helium Gas Market size was valued at USD 2.46 Billion in 2023 and is projected to reach USD 3.45 Billion By 2030, growing at a CAGR of 4.8% during the forecast period 2024 to 2030.

The Helium Gas Market encompasses the global trade and consumption of helium, a non-renewable noble gas primarily extracted from natural gas reserves. Helium is an essential commodity with diverse applications across industries such as healthcare, electronics, aerospace, and manufacturing. Its unique properties, including low boiling point, non-reactivity, and inertness, make it indispensable for various critical processes and technologies. The market encompasses the production, distribution, and utilization of helium gas in both liquid and gaseous forms.

Global Helium Gas Market Drivers

The market drivers for the Helium Gas Market can be influenced by various factors. These may include

  • Growing Need Across a Range of Industries Helium finds extensive application in a number of industries, including electronics, healthcare, aircraft, and automotive. One major factor propelling market expansion is the increasing need for helium in these industries, especially in applications like MRI machines, semiconductor production, and aircraft equipment.
  • Technological Developments As a result of numerous new uses, helium is becoming more and more in demand due to technological developments. For example, superconducting magnets in particle accelerators, nuclear reactor cooling, and next-generation electronics like quantum computing all depend on helium.
  • Medical Applications Helium is widely used in the healthcare industry, mainly for MRI equipment. The need for MRI machines and helium is predicted to rise as the world’s healthcare infrastructure continues to develop and the frequency of chronic diseases rises.
  • Expanding Electronics Sector Helium is essential for cooling semiconductors during manufacture, especially when making microchips and optical fibers. The need for helium is predicted to continue to be high due to the electronics industry’s steady expansion, particularly in the consumer electronics and telecommunications sectors.
  • Aerospace and Defense Sector Helium finds usage in a range of aerospace and defense-related applications, such as military surveillance equipment, rocket propulsion systems, and satellite construction. The need for helium in both fields is projected to rise as defense spending and space exploration activities both rise.
  • Helium Supply Challenges Helium is a limited resource that is mostly recovered as a byproduct of processing natural gas. This means that there are supply constraints and price volatility. Investment in helium production and exploration efforts may be impacted by supply constraints and market price volatility brought on by the restricted availability of helium deposits combined with rising demand.
  • Environmental Restrictions The production and use of helium may be impacted by environmental restrictions designed to reduce emissions from industrial activities. Moreover, efforts to create helium recycling technologies and substitute production sources can be motivated by worries about the limited supply of helium and the necessity of sustainable resource management.

Global Helium Gas Market Restraints

Several factors can act as restraints or challenges for the Helium Gas Market. These may include

  • Limited Worldwide Reserves The main source of helium, a non-renewable material, is natural gas sources. The market is severely constrained by the limited supply of helium and the rising demand for it. The search and development of new helium sources becomes more difficult and expensive as current helium stocks are exhausted.
  • Disruptions to the Supply Chain The helium supply chain is intricate and susceptible to a number of factors, including as trade restrictions, geopolitical tensions, and logistical difficulties. Shortages of helium and changes in market prices can result from any disturbances in the supply chain, including production or transportation stoppages.
  • Price Volatility Variations in the dynamics of supply and demand, in addition to geopolitical and economic reasons, can cause price volatility for helium. Price volatility can affect long-term planning and investment decisions by causing uncertainty for all parties involved in the market, including manufacturers, suppliers, and end users of helium.
  • Alternative methods In some applications, the need for helium may decrease as a result of technological developments and advances in alternative cooling methods. For instance, the creation of substitute cooling mechanisms for magnetic resonance imaging devices or superconducting uses can reduce the need for helium and restrict its expansion in the market.
  • Environmental Concerns The extraction and manufacture of helium may have an adverse effect on the environment, resulting in the release of greenhouse gases and disturbance of natural habitats. Market dynamics may be impacted by environmental legislation intended to mitigate these effects, which could result in higher production costs and more regulatory compliance requirements for helium producers.
  • Alternative Gases Alternative gases can be used in place of helium in some applications, such as leak detection and balloon inflation. The development of the helium market in some industries may be limited by the availability of alternatives that are more affordable or have similar performance qualities.
  • Industry Fragmentation A few main providers and a large number of smaller companies make up the global helium industry. In places with insufficient infrastructure and distribution networks, market fragmentation can result in inefficiencies in supply chain management, pricing discrepancies, and difficulties in assuring a consistent supply of helium.

Global Helium Gas Market Segmentation Analysis

Global Helium Gas Market is segmented based on Type of Helium, Distribution Mode, Application And Geography.

Helium Gas Market, By Type of Helium

  • Liquid Helium Helium in its liquid state, primarily used in cryogenic applications due to its extremely low boiling point.
  • Gaseous Helium Helium in its gaseous state, utilized in various applications including welding, leak detection, and controlled atmospheres.

Helium Gas Market, By Distribution Mode

  • Packaged Helium Helium supplied in smaller containers suitable for individual or small-scale use, often found in cylinders or tanks.
  • Bulk Helium Helium supplied in larger quantities, typically stored and transported in bulk containers such as tube trailers or cryogenic tankers.

Helium Gas Market, By Application

  • Cryogenics Utilized for its ultra-low temperature properties in applications such as MRI machines, particle accelerators, and superconducting magnets.
  • Welding Used as a shielding gas in arc welding processes to prevent oxidation and ensure high-quality welds.
  • Leak Detection Employed as a tracer gas for detecting leaks in various systems, including pipelines, refrigeration systems, and vacuum chambers.
  • Breathing Mixtures Mixed with oxygen to create specialized breathing gases for deep-sea diving, high-altitude mountaineering, and medical treatments.
  • Controlled Atmospheres Utilized to create inert atmospheres for processes such as semiconductor manufacturing, metal production, and food packaging.

Helium Gas Market, By Geography

  • North America Market conditions and demand in the United States, Canada, and Mexico.
  • EuropeAnalysis of the Helium Gas Market in European countries.
  • Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and AfricaExamining market dynamics in the Middle East and African regions.
  • Latin AmericaCovering market trends and developments in countries across Latin America.

Key Players

The major players in the Helium Gas Market are

  • ExxonMobil
  • RasGas
  • Linde plc
  • Air Products and Chemicals Inc.
  • Air Liquide
  • Gazprom
  • PGNiG
  • Qatargas
  • Taiyo Nippon Sanso Corporation
  • Messer Group GmbH

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST YEAR

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

ExxonMobil, RasGas, Linde plc, Air Products and Chemicals Inc., Air Liquide, Gazprom, PGNiG, Qatargas, Taiyo Nippon Sanso Corporation, Messer Group GmbH.

SEGMENTS COVERED

By Type of Helium, By Distribution Mode, By Application And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope.

Analyst’s Take

The helium gas market is still going strong, thanks to industries like healthcare, electronics, and aerospace needing more and more of it. Sure, we're dealing with the fact that helium isn't exactly endless, and things happening around the world can mess with how it's made and shipped. But, smart new ways to get helium out of the ground should help ease those supply worries a bit. Plus, everyone's trying to be more responsible with helium and recycle it, which will definitely change things. Market Research says things look pretty good for the helium market, and companies can really benefit by jumping on new uses for helium and working together to make sure things stay stable in the long run. It's an exciting time!

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We dig into the market using both qualitative and quantitative analysis, breaking it down by segments based on things like the economy, but also other important stuff. We'll give you the market value (in USD Billion) for every segment and sub-segment, so you know exactly what's going on. Plus, we'll point out the region and segment we think will grow the fastest and ultimately take the lead. Our analysis breaks down the product/service use by region, calling out the specific things impacting the market there. You'll get the competitive landscape, including market rankings of the big players, recent launches, partnerships, expansions, and acquisitions from the last five years. We've got detailed company profiles too, with overviews, insights, product comparisons, and SWOT analyses for the main companies. We'll give you the lowdown on the industry's current and future outlook, covering new opportunities, what's driving growth, and the challenges holding things back in both up-and-coming and established regions. We'll also dive deep with a Porter's five forces analysis. Expect insights into the market through the entire Value Chain, and a look at market dynamics alongside potential growth areas in the years ahead. Oh, and you get 6-month post-sales analyst support, so we're here to help.

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.

Related Reports

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

List Tables Figures

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.

Discounts are available.

Hard Copy

Email