Helium Market was valued at USD 4.45 Billion in 2022 and is projected to reach USD 7.17 Billion by 2030, growing at a CAGR of 7.70% from 2024 to 2030.
Looking ahead, the helium market outlook from 2023 to 2033 is poised for substantial shifts. One of the key trends expected during this period is the growing demand from emerging industries, particularly electronics, 3D printing, and renewable energy. These sectors are projected to drive helium consumption in the coming years, given its critical role in cooling applications and manufacturing processes. Demand from space exploration and quantum computing technologies is also anticipated to surge, further expanding the helium market's reach.
With increasing demand, the market will likely face continued challenges related to helium supply. However, new sources of helium production, such as extraction from non-traditional reserves and recycling efforts, are expected to alleviate some of these pressures. The market's overall growth rate is anticipated to rise in the 2023-2033 period, with projections showing a CAGR of 4.5% as more players enter the industry and technological advancements optimize helium usage.
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The helium market has witnessed significant shifts from 2018 to 2022, with fluctuations in demand influenced by various global factors. Historically, the market experienced a steady growth trajectory as demand for helium in industrial applications, medical technologies, and aerospace sectors expanded. The global helium supply chain was primarily driven by helium extraction from natural gas fields, with key regions such as the United States, Qatar, and Russia leading the production efforts. Despite growth, the market faced challenges such as production constraints, logistical issues, and pricing volatility, leading to supply-demand imbalances.
From 2018 to 2022, the helium market grew at a compound annual growth rate (CAGR) of approximately 3.5%. The major drivers of this growth included increased demand from the healthcare sector, particularly for MRI machines and medical breathing mixtures, and the rising use of helium in cryogenics, semiconductor manufacturing, and aerospace. However, supply disruptions, caused by geopolitical factors and a lack of sufficient storage infrastructure, posed challenges. This resulted in occasional helium shortages, which led to price increases. As a result, many end-users faced cost pressures, and the market became increasingly competitive.
Rasgas (Qa)
Exxon (Us)
Linde (Us
Au)
Air Product (Us)
Praxair (Us)
Air Liquide (Dz)
Gazprom (Ru)
PGNiG (Pl)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Helium Market
Cryogenics
Aerostatics
Semiconductor & Fiber Optics
Leak Detection & Gas Chromatography
Welding
Others
Based on Types the Market is categorized into Below types that held the largest Helium market share In 2023.
Liquid Helium
Gaseous Helium
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Helium Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Helium Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Helium Market, By Type
6. Global Helium Market, By Application
7. Global Helium Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Helium Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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