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

  • Industry : Chemicals
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Summary

Report Description

Global Helium market is anticipated to grow significantly through 2028 due to rise in demand for helium in the healthcare industry. 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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Increase Demand from Healthcare Sector

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 available 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 world's largest particle accelerator- the Large Hadron Collider (LHC).

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 available of alternative gases such as nitrogen are used in some industrial applications instead of helium as it is cheaper and more readily available 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 is segmented based on type, application, end-use, and region. Based on the type, the market is categorized into gaseous and liquid. Based on application, the market is segmented into MRI & NMR, semiconductors & optic fibers, and others. Based on end use, the market is fragmented into aerospace, electrical & electronics, medical, welding, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa, By Company.

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)

Report Scope:

In this report, the global helium market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Helium Market, By Type:
    • Gaseous
    • Liquid  
  • Helium Market, By Application:
    • MRI & NMR
    • Semiconductors & Optic Fibers
    • Others
  • Helium Market, By End Use:
    • Aerospace
    • Electrical & Electronics
    • Medical
    • Welding
    • Others
  • Helium Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
      • Russia
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Australia
      • Indonesia
      • Thailand
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive landscape

Company Profiles: Detailed analysis of the major companies in the global helium market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Helium Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Helium Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Type (Gaseous and Liquid)

5.2.2.    By Application (MRI & NMR, Semiconductors & Optic Fibers, Others)

5.2.3.    By End Use (Aerospace, Electrical & Electronics, Medical, Welding, Others)

5.2.4.    By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.5.    By Company (2022)

5.3.  Market Map

5.3.1.    By Type

5.3.2.    By Application

5.3.3.    By End Use

5.3.4.    By Region

6.    North America Helium Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Application

6.2.3.    By End Use

6.2.4.    By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.    United States Helium Market Outlook

6.4.1.1.        Market Size & Forecast

6.4.1.1.1.           By Value & Volume

6.4.1.2.        Market Share & Forecast

6.4.1.2.1.           By Type

6.4.1.2.2.           By Application

6.4.1.2.3.           By End Use

6.4.2.    Mexico Helium Market Outlook

6.4.2.1.        Market Size & Forecast

6.4.2.1.1.           By Value & Volume

6.4.2.2.        Market Share & Forecast

6.4.2.2.1.           By Type

6.4.2.2.2.           By Application

6.4.2.2.3.           By End Use

6.4.3.    Canada Helium Market Outlook

6.4.3.1.        Market Size & Forecast

6.4.3.1.1.           By Value & Volume

6.4.3.2.        Market Share & Forecast

6.4.3.2.1.           By Type

6.4.3.2.2.           By Application

6.4.3.2.3.           By End Use

7.    Europe Helium Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By End Use

7.2.4.    By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.    France Helium Market Outlook

7.4.1.1.        Market Size & Forecast

7.4.1.1.1.           By Value & Volume

7.4.1.2.        Market Share & Forecast

7.4.1.2.1.           By Type

7.4.1.2.2.           By Application

7.4.1.2.3.           By End Use

7.4.2.    Germany Helium Market Outlook

7.4.2.1.        Market Size & Forecast

7.4.2.1.1.           By Value & Volume

7.4.2.2.        Market Share & Forecast

7.4.2.2.1.           By Type

7.4.2.2.2.           By Application

7.4.2.2.3.           By End Use

7.4.3.    United Kingdom Helium Market Outlook

7.4.3.1.        Market Size & Forecast

7.4.3.1.1.           By Value & Volume

7.4.3.2.        Market Share & Forecast

7.4.3.2.1.           By Type

7.4.3.2.2.           By Application

7.4.3.2.3.           By End Use

7.4.4.    Italy Helium Market Outlook

7.4.4.1.        Market Size & Forecast

7.4.4.1.1.           By Value & Volume

7.4.4.2.        Market Share & Forecast

7.4.4.2.1.           By Type

7.4.4.2.2.           By Application

7.4.4.2.3.           By End Use

7.4.5.    Spain Helium Market Outlook

7.4.5.1.        Market Size & Forecast

7.4.5.1.1.           By Value & Volume

7.4.5.2.        Market Share & Forecast

7.4.5.2.1.           By Type

7.4.5.2.2.           By Application

7.4.5.2.3.           By End Use

7.4.6.    Russia Helium Market Outlook

7.4.6.1.        Market Size & Forecast

7.4.6.1.1.           By Value & Volume

7.4.6.2.        Market Share & Forecast

7.4.6.2.1.           By Type

7.4.6.2.2.           By Application

7.4.6.2.3.           By End Use

8.    Asia-Pacific Helium Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

8.2.3.    By End Use

8.2.4.    By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.    China Helium Market Outlook

8.4.1.1.        Market Size & Forecast

8.4.1.1.1.           By Value & Volume

8.4.1.2.        Market Share & Forecast

8.4.1.2.1.           By Type

8.4.1.2.2.           By Application

8.4.1.2.3.           By End Use

8.4.2.    India Helium Market Outlook

8.4.2.1.        Market Size & Forecast

8.4.2.1.1.           By Value & Volume

8.4.2.2.        Market Share & Forecast

8.4.2.2.1.           By Type

8.4.2.2.2.           By Application

8.4.2.2.3.           By End Use

8.4.3.    South Korea Helium Market Outlook

8.4.3.1.        Market Size & Forecast

8.4.3.1.1.           By Value & Volume

8.4.3.2.        Market Share & Forecast

8.4.3.2.1.           By Type

8.4.3.2.2.           By Application

8.4.3.2.3.           By End Use

8.4.4.    Japan Helium Market Outlook

8.4.4.1.        Market Size & Forecast

8.4.4.1.1.           By Value & Volume

8.4.4.2.        Market Share & Forecast

8.4.4.2.1.           By Type

8.4.4.2.2.           By Application

8.4.4.2.3.           By End Use

8.4.5.    Australia Helium Market Outlook

8.4.5.1.        Market Size & Forecast

8.4.5.1.1.           By Value & Volume

8.4.5.2.        Market Share & Forecast

8.4.5.2.1.           By Type

8.4.5.2.2.           By Application

8.4.5.2.3.           By End Use

8.4.6.    Indonesia Helium Market Outlook

8.4.6.1.        Market Size & Forecast

8.4.6.1.1.           By Value & Volume

8.4.6.2.        Market Share & Forecast

8.4.6.2.1.           By Type

8.4.6.2.2.           By Application

8.4.6.2.3.           By End Use

8.4.7.    Thailand Helium Market Outlook

8.4.7.1.        Market Size & Forecast

8.4.7.1.1.           By Value & Volume

8.4.7.2.        Market Share & Forecast

8.4.7.2.1.           By Type

8.4.7.2.2.           By Application

8.4.7.2.3.           By End Use

9.    South America Helium Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

9.2.3.    By End Use

9.2.4.    By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.    Brazil Helium Market Outlook

9.4.1.1.        Market Size & Forecast

9.4.1.1.1.           By Value & Volume

9.4.1.2.        Market Share & Forecast

9.4.1.2.1.           By Type

9.4.1.2.2.           By Application

9.4.1.2.3.           By End Use

9.4.2.    Argentina Helium Market Outlook

9.4.2.1.        Market Size & Forecast

9.4.2.1.1.           By Value & Volume

9.4.2.2.        Market Share & Forecast

9.4.2.2.1.           By Type

9.4.2.2.2.           By Application

9.4.2.2.3.           By End Use

10. Middle East and Africa Helium Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By End Use

10.2.4. By Country

10.3.             Pricing Analysis

10.4.             MEA: Country Analysis

10.4.1. South Africa Helium Market Outlook

10.4.1.1.     Market Size & Forecast

10.4.1.1.1.         By Value & Volume

10.4.1.2.     Market Share & Forecast

10.4.1.2.1.         By Type

10.4.1.2.2.         By Application

10.4.1.2.3.         By End Use

10.4.2. Saudi Arabia Helium Market Outlook

10.4.2.1.     Market Size & Forecast

10.4.2.1.1.         By Value & Volume

10.4.2.2.     Market Share & Forecast

10.4.2.2.1.         By Type

10.4.2.2.2.         By Application

10.4.2.2.3.         By End Use

10.4.3. UAE Helium Market Outlook

10.4.3.1.     Market Size & Forecast

10.4.3.1.1.         By Value & Volume

10.4.3.2.     Market Share & Forecast

10.4.3.2.1.         By Type

10.4.3.2.2.         By Application

10.4.3.2.3.         By End Use

10.4.4. Qatar Helium Market Outlook

10.4.4.1.     Market Size & Forecast

10.4.4.1.1.         By Value & Volume

10.4.4.2.     Market Share & Forecast

10.4.4.2.1.         By Type

10.4.4.2.2.         By Application

10.4.4.2.3.         By End Use

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Merger & Acquisition

12.2.             Recent Development

12.3.             Product Launches

13. Global Helium Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Types

15. Competitive Landscape

15.1.             Business Overview

15.2.             Type Offerings

15.3.             Recent Developments

15.4.             Financials (In Case of Listed Companies)

15.5.             Key Personnel

15.6.             SWOT Analysis

15.6.1. Air Liquide SA

15.6.2. Air Products and Chemicals, Inc.

15.6.3. Qatar Liquefied Gas Co Ltd

15.6.4. Praxair Technology, Inc.

15.6.5. Linde plc

15.6.6. Messer SE & Co. KGaA

15.6.7. Matheson Tri gas Inc

15.6.8. Gulf Cryo

15.6.9. nexAir LLC

15.6.10.              Noble Helium Limited

16. Strategic Recommendations

Figures and Tables

Frequently asked questions

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The rise in demand for Helium in the healthcare and electronics sectors is the driver of the Global Helium Market.

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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.

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North America region is expected to hold the largest market share over the next five years due to growing semiconductors, and optical fibers demand.

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The Global Helium Gas Market is segmented on the basis of Type, Application, End Use, and Region.

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