Helium Market
Helium Market Forecasts to 2030 - Global Analysis By Phase (Gas and Liquid), Distribution Channel, Application, End User and By Geography
According to Stratistics MRC, the Global Helium Market is accounted for $3927.5 million in 2024 and is expected to reach $6478.8 million by 2030 growing at a CAGR of 8.7% during the forecast period. Helium is an inert gas found in Group 18 (noble gases) of the periodic table. It is the second lightest element, with only hydrogen being lighter. Helium is colorless, odorless, and tasteless, and it becomes a liquid at an incredibly low temperature of -268.9°C (-452°F). Remarkably, its boiling and freezing points are lower than those of any other known substance. Helium is abundant in the universe, constituting about 23% of its mass, second only to hydrogen. While it occurs in Earth’s atmosphere in small amounts (1 part in 200,000), significant volumes are found in natural gases, especially in the United States. It’s the gas of choice for filling airships like the Goodyear blimp due to its lightness. It has the lowest boiling point of all elements, and it can become a liquid with remarkable properties, such as superfluidity and superconductivity at extremely low temperatures.
According to the International Society for Magnetic Resonance in Medicine, over 150 million patients underwent MRI examinations. Every year, approximately 10 million patients undergo MRI procedures.
Market Dynamics:
Driver:
Growing demand from healthcare sector
Helium is an essential element used in various medical applications, including MRI machines, cryogenic storage, respiratory therapy, and leak detection in medical devices. The increasing prevalence of chronic diseases, advancements in medical imaging technologies and the expanding healthcare infrastructure in emerging markets are driving the demand for helium in the healthcare sector. MRI machines, which rely on helium for cooling, are becoming increasingly widespread for diagnostic imaging, particularly in developed countries.
Restraint:
Limited reserves & finite resources
Helium's limited nature casts a long shadow on its market. Unlike oil or natural gas, it's a non-renewable resource trapped underground. Once extracted and released, it escapes Earth's atmosphere due to its lightness. This creates a ticking clock on the supply. The market feels this pinch in two ways. Prices are likely to rise as the resource becomes more scarce. Secondly, crucial applications like MRIs and space exploration face potential future limitations if sustainable alternatives aren't developed.
Opportunity:
Expanding electronics industry
Helium plays a crucial role in the production and operation of various electronic devices, particularly in the semiconductor and fiber optics sectors. In semiconductor manufacturing, helium is essential for cooling and purging during the production of microchips and other electronic components. The demand for helium in this industry is driven by the growing use of advanced semiconductor technologies in smartphones, computers, automotive electronics, and IoT devices. Additionally, helium is used in the production of optical fibers for high-speed data transmission in telecommunications networks which drives the markets growth.
Threat:
High extraction costs
Extracting helium from natural gas involves a complex process of cryogenic distillation and purification, which requires specialized equipment and technology. Additionally, helium extraction often occurs in remote locations, further increasing transportation and logistical costs. These high extraction costs contribute to the overall production expenses, making helium one of the most expensive gases to extract and purify. As a result, helium suppliers face pressure to maintain profitability while meeting the growing demand from various industries impedes the market growth.
Covid-19 Impact
While the global economic slowdown led to reduced demand for helium across various industries such as manufacturing, healthcare, and electronics, the healthcare sector's demand for helium remained relatively stable due to its essential role in medical applications, particularly in MRI machines. However, supply chain disruptions and decreased industrial activity during lockdowns affected helium production and distribution, leading to short-term fluctuations in supply and prices.
The gas segment is expected to be the largest during the forecast period
The gas is expected to be the largest during the forecast period attributed to increasing product adoption in various areas of applications including leak detection, gas chromatography, welding & cutting, cooling & refrigeration, and in nuclear power, among others. Furthermore, helium gas is indispensable in the realm of scientific research and experimentation, spanning disciplines, such as physics, chemistry, and materials science. It plays a critical role in cryogenic studies, low-& temperature investigations, and serves as a carrier gas in a multitude of analytical instruments.
The medical & healthcare segment is expected to have the highest CAGR during the forecast period
The medical & healthcare segment is expected to have the highest CAGR during the forecast period owing to the increasing product usage in various areas of applications in the medical & healthcare sectors, such as MRI machines, endoscopy, laser technology, breathing mixtures, spectroscopy, and in positron emission tomography (PET), among others. Helium-filled aerostats, tethered balloons, or blimps are used for surveillance and monitoring purposes. They provide a stable platform for various payloads, including radar, cameras, and communication equipment, which are used in border security, military surveillance, and disaster management.
Region with largest share:
North America is projected to hold the largest market share during the forecast period due to the presence of abundant reserves of helium-rich natural gas. In addition, the U.S. is home to the Federal Helium Reserve, which was established in 1925 and is one of the world's largest helium storage facilities. The reserve has played a significant role in the global market by supplying the product to various industries. Hence North America has a well-established healthcare sector that relies on helium for medical imaging equipment, primarily magnetic resonance imaging (MRI) machines.
Region with highest CAGR:
Europe is projected to hold the highest CAGR over the forecast period owing to the high demand from different sectors, such as healthcare, aerospace, electronics, and others. Germany has a long history of producing high-quality medical equipment, emphasizing precision instruments, diagnostic imaging, and optical technologies. The nation hosts the third-largest medical devices market in the world, after the United States and Japan, and the largest in Europe, comprising twice the size of the French market and three times as large as those of Italy, the United Kingdom, and Spain.
Key players in the market
Some of the key players in Helium market include Air Liquide, Weil Group, Air Products Inc., Exxon Mobil Corporation, Gazprom PJSC, Gulf Cryo S.A.L., IACX Energy, Iwatani Corporation, Linde Plc, Matheson Tri-Gas Inc., MESA Specialty Gases & Equipment, Messer Group, NexAir LLC, Pgnig Sa, Qatarenergy Lng, Renergen, Taiyo Nippon Sanso India.
Key Developments:
In May 2024, Air Liquide takes a step further in sustainable biomethane production with a charter built in collaboration with WWF France. The Group is committed to measure and track progress towards more sustainable production, while contributing to the development of a worldwide production framework.
In May 2024, ExxonMobil completes acquisition of Pioneer Natural Resources. The merger of ExxonMobil and Pioneer creates an Unconventional business with the largest, high-return development potential in the Permian Basin.
In April 2024, Air Liquide strengthens its Home Healthcare activity with an acquisition in Belgium and the Netherlands. The two entities acquired in Belgium and the Netherlands support 10,000 patients living with respiratory insufficiency, sleep apnea syndrome or requiring infusion or nutrition treatments.
Phases Covered:
• Gas
• Liquid
Distribution Channels Covered:
• Cylinder & Bulk Delivery
• On-Site Production
• Pipeline
Applications Covered:
• Cryogenics
• Pressurizing and Purging
• Welding
• Controlled Atmosphere
• Leak Detection
• Breathing Mixtures
• Balloons and Airships
• Nuclear Reactors
• Other Applications
End Users Covered:
• Healthcare
• Aerospace & Defense
• Electronics & Semiconductors
• Industrial Manufacturing
• Research & Development
• Energy
• Entertainment
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Helium Market, By Phase
5.1 Introduction
5.2 Gas
5.3 Liquid
6 Global Helium Market, By Distribution Channel
6.1 Introduction
6.2 Cylinder & Bulk Delivery
6.3 On-Site Production
6.4 Pipeline
7 Global Helium Market, By Application
7.1 Introduction
7.2 Cryogenics
7.3 Pressurizing and Purging
7.4 Welding
7.5 Controlled Atmosphere
7.6 Leak Detection
7.7 Breathing Mixtures
7.8 Balloons and Airships
7.9 Nuclear Reactors
7.10 Other Applications
8 Global Helium Market, By End User
8.1 Introduction
8.2 Healthcare
8.3 Aerospace & Defense
8.4 Electronics & Semiconductors
8.5 Industrial Manufacturing
8.6 Research & Development
8.7 Energy
8.8 Entertainment
8.9 Other End Users
9 Global Helium Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Air Liquide
11.2 Weil Group
11.3 Air Products Inc.
11.4 Exxon Mobil Corporation
11.5 Gazprom PJSC
11.6 Gulf Cryo S.A.L.
11.7 IACX Energy
11.8 Iwatani Corporation
11.9 Linde Plc
11.10 Matheson Tri-Gas Inc.
11.11 MESA Specialty Gases & Equipment
11.12 Messer Group
11.13 NexAir LLC
11.14 Pgnig Sa
11.15 Qatarenergy Lng
11.16 Renergen
11.17 Taiyo Nippon Sanso India
List of Tables
1 Global Helium Market Outlook, By Region (2022-2030) ($MN)
2 Global Helium Market Outlook, By Phase (2022-2030) ($MN)
3 Global Helium Market Outlook, By Gas (2022-2030) ($MN)
4 Global Helium Market Outlook, By Liquid (2022-2030) ($MN)
5 Global Helium Market Outlook, By Distribution Channel (2022-2030) ($MN)
6 Global Helium Market Outlook, By Cylinder & Bulk Delivery (2022-2030) ($MN)
7 Global Helium Market Outlook, By On-Site Production (2022-2030) ($MN)
8 Global Helium Market Outlook, By Pipeline (2022-2030) ($MN)
9 Global Helium Market Outlook, By Application (2022-2030) ($MN)
10 Global Helium Market Outlook, By Cryogenics (2022-2030) ($MN)
11 Global Helium Market Outlook, By Pressurizing and Purging (2022-2030) ($MN)
12 Global Helium Market Outlook, By Welding (2022-2030) ($MN)
13 Global Helium Market Outlook, By Controlled Atmosphere (2022-2030) ($MN)
14 Global Helium Market Outlook, By Leak Detection (2022-2030) ($MN)
15 Global Helium Market Outlook, By Breathing Mixtures (2022-2030) ($MN)
16 Global Helium Market Outlook, By Balloons and Airships (2022-2030) ($MN)
17 Global Helium Market Outlook, By Nuclear Reactors (2022-2030) ($MN)
18 Global Helium Market Outlook, By Other Applications (2022-2030) ($MN)
19 Global Helium Market Outlook, By End User (2022-2030) ($MN)
20 Global Helium Market Outlook, By Healthcare (2022-2030) ($MN)
21 Global Helium Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
22 Global Helium Market Outlook, By Electronics & Semiconductors (2022-2030) ($MN)
23 Global Helium Market Outlook, By Industrial Manufacturing (2022-2030) ($MN)
24 Global Helium Market Outlook, By Research & Development (2022-2030) ($MN)
25 Global Helium Market Outlook, By Energy (2022-2030) ($MN)
26 Global Helium Market Outlook, By Entertainment (2022-2030) ($MN)
27 Global Helium Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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