Global Helium Market Size Study, by Phase, by Application, by End-use, and Regional Forecasts 2022-2032

Description

The Global Helium Market is valued approximately at USD 3.61 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.70% over the forecast period 2024-2032. Helium, a noble gas with unique chemical and physical properties, has become an indispensable resource across various industries. From ensuring the accuracy of leak detection systems to creating inert environments in metal fabrication, helium serves as a cornerstone in advanced manufacturing and innovation-driven sectors. Its critical role in applications such as cooling nuclear reactors, powering medical imaging technologies, and enabling cutting-edge aerospace developments underscores its growing significance. The increasing global demand for helium aligns with the rise in technological advancements and heightened focus on efficiency and safety.

One of the primary growth drivers for the helium market is its escalating demand in electronics and healthcare industries. In the electronics sector, helium's thermal conductivity and non-reactive properties are crucial for semiconductor manufacturing. In healthcare, helium is a key component of magnetic resonance imaging (MRI) systems, enabling high-resolution diagnostics. Additionally, the gas's usage in controlled atmospheres for space exploration and in breathing mixes for deep-sea diving highlights its versatility. Despite its extensive utility, challenges such as limited natural reserves and high extraction costs pose obstacles to market growth. However, innovations in extraction and storage technologies promise to mitigate these constraints, paving the way for expanded accessibility.

Regionally, North America dominates the helium market, benefiting from robust industrial demand and well-established extraction infrastructure. The U.S. is a major helium producer, bolstered by its rich reserves and advanced refining capabilities. Meanwhile, the Asia-Pacific region is emerging as a key market player, fueled by rapid industrialization, growing investments in electronics, and increasing healthcare needs. This regional interplay reflects the dynamic and multifaceted growth opportunities across the helium market landscape.

Leading market players are actively investing in sustainable extraction methods and diversifying their application portfolios to maintain competitive advantage. Strategic partnerships and innovative product developments are central to their market strategies, addressing evolving consumer and industry demands effectively.

Major market players included in this report are:

Linde plc
Air Products and Chemicals, Inc.
Praxair Technology, Inc.
Air Liquide S.A.
Messer Group GmbH
Gazprom PJSC
Iwatani Corporation
Gulf Cryo
Taiyo Nippon Sanso Corporation
Buzwair Industrial Gases Factories
Matheson Tri-Gas, Inc.
ExxonMobil Corporation
Global Gases Group
Dominion Gas Ltd.
American Gas Products

The detailed segments and sub-segment of the market are explained below:

By Phase:

Liquid
Gas

By Application:

Leak Detection
Welding
Breathing Mixes
Pressurizing & Purging
Controlled Atmosphere

By End-use:

Aerospace & Defense
Medical & Healthcare
Electronics & Electrical
Nuclear Power
Metal Fabrication

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market estimates and forecasts spanning a decade, from 2022 to 2032.
Annualized revenue insights and in-depth regional analysis for all segments.
Comprehensive geographical breakdown, including country-level analysis.
Competitive landscape featuring major players and their market strategies.
Analysis of market trends, challenges, and opportunities with actionable recommendations.

Chapter 1. Global Helium Market Executive Summary 1.1. Global Helium Market Size & Forecast (2022-2032)

1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Phase
- 1.3.2. By Application
- 1.3.3. By End-use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Helium Market Definition and Research Assumptions 2.1. Research Objective

2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Helium Market Dynamics 3.1. Market Drivers

3.1.1. Increasing Demand in Electronics and Healthcare Industries
3.1.2. Advancements in Extraction and Storage Technologies
3.1.3. Growing Aerospace & Defense Applications

3.2. Market Challenges
- 3.2.1. Limited Natural Reserves
- 3.2.2. High Extraction and Production Costs
3.3. Market Opportunities
- 3.3.1. Expansion in Renewable Energy Sector
- 3.3.2. Innovations in Helium Applications
- 3.3.3. Growth in Emerging Markets

Chapter 4. Global Helium Market Industry Analysis 4.1. Porter's 5 Force Model

4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model
4.1.7. Porter's 5 Force Impact Analysis

4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Helium Market Size & Forecasts by Phase 2022-2032 5.1. Segment Dashboard

5.2. Global Helium Market: Phase Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Liquid
- 5.2.2. Gas

Chapter 6. Global Helium Market Size & Forecasts by Application 2022-2032 6.1. Segment Dashboard

6.2. Global Helium Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Leak Detection
- 6.2.2. Welding
- 6.2.3. Breathing Mixes
- 6.2.4. Pressurizing & Purging
- 6.2.5. Controlled Atmosphere

Chapter 7. Global Helium Market Size & Forecasts by End-use 2022-2032 7.1. Segment Dashboard

7.2. Global Helium Market: End-use Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Aerospace & Defense
- 7.2.2. Medical & Healthcare
- 7.2.3. Electronics & Electrical
- 7.2.4. Nuclear Power
- 7.2.5. Metal Fabrication

Chapter 8. Global Helium Market Size & Forecasts by Region 2022-2032 8.1. North America Helium Market

8.1.1. U.S. Helium Market
- 8.1.1.1. Phase Breakdown Size & Forecasts, 2022-2032
- 8.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
8.1.2. Canada Helium Market

8.2. Europe Helium Market
- 8.2.1. UK Helium Market
- 8.2.2. Germany Helium Market
- 8.2.3. France Helium Market
- 8.2.4. Spain Helium Market
- 8.2.5. Italy Helium Market
- 8.2.6. Rest of Europe Helium Market
8.3. Asia-Pacific Helium Market
- 8.3.1. China Helium Market
- 8.3.2. India Helium Market
- 8.3.3. Japan Helium Market
- 8.3.4. Australia Helium Market
- 8.3.5. South Korea Helium Market
- 8.3.6. Rest of Asia Pacific Helium Market
8.4. Latin America Helium Market
- 8.4.1. Brazil Helium Market
- 8.4.2. Mexico Helium Market
- 8.4.3. Rest of Latin America Helium Market
8.5. Middle East & Africa Helium Market
- 8.5.1. Saudi Arabia Helium Market
- 8.5.2. South Africa Helium Market
- 8.5.3. Rest of Middle East & Africa Helium Market

Chapter 9. Competitive Intelligence 9.1. Key Company SWOT Analysis

9.1.1. Linde plc
9.1.2. Air Products and Chemicals, Inc.
9.1.3. Praxair Technology, Inc.

9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Linde plc
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Air Products and Chemicals, Inc.
- 9.3.3. Praxair Technology, Inc.
- 9.3.4. Air Liquide S.A.
- 9.3.5. Messer Group GmbH
- 9.3.6. Gazprom PJSC
- 9.3.7. Iwatani Corporation
- 9.3.8. Gulf Cryo

Chapter 10. Research Process 10.1. Research Process

10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing

10.2. Research Attributes