By 2029, the Helium Market: is expected to reach US $25 billion, thanks to growth in the cryogenics segment. The report analyzes market dynamics by region and end-user industries.
Helium Market Overview:
Maximize Market Research’s new report, Global Helium Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The study offers a market overview that describes the value chain’s structure, as well as the market’s size, applications, and forecast for the years (2021–2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Helium market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Helium market growth, consumption volume, market trends, and company pricing structures throughout the projected period. In-depth research is used in the analysis to examine the market’s complexity. The research provides an overview of the worldwide Helium market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. Based on productivity and manufacturing base, this market has been investigated in a number of different ways.
Segmentation:
by Phase
Liquid
Gas
The worldwide helium market is divided into two categories based on phase: liquid phase and gas phase.
Due to the COVID-19 outbreak, which raised the number of patients impacted by the pandemic internationally, the liquid phase category dominated the market in 2022 and controlled xx% of the overall revenue market shares. The medical sector, which uses liquid helium to cool the super magnets in MRI scanners, is its main user.
by Application
Breathing Mixes
Cryogenics
Leak Detection
Pressurizing and Purging
Welding
Controlled Atmospheres
Other
The breathing mixes, cryogenics, lead detection, pressurising and purging, welding, controlled atmosphere, and others are the application-based divisions of the worldwide helium market.
As helium is used as a super coolant for cryogenic applications such as magnetic resonance imaging (MRI), nuclear magnetic resonance (NMR) spectroscopy, particle accelerators, the large hadron collider, superconducting quantum interference device (SQUID), electron spin resonance spectroscopy (ESR), and superconducting magnetic energy storage (SMEs), the cryogenics segment was dominant and held 28% of the overall market share in terms of revenue in 2022.
by End-user Industry
Aerospace & Aircraft
Electronics & Semiconductors
Nuclear Power
Healthcare
Welding & Metal Fabrication
Other
The global helium market is divided into the following end-use industries: aerospace and aircraft, electronics and semiconductors, nuclear power, healthcare, weld and metal fabrication, and others.
In terms of revenue, the healthcare sector dominated the market in 2022, accounting for more than 34% of it. There are numerous uses for helium in the medical industry. Since it can chill MRI magnets to a temperature of -269° C, liquid helium is the best option. Helium is also used to keep track of breathing. It is a key component in the treatment of asthma, emphysema, and other breathing problems. The gas is typically used to treat lung conditions. Because helium and oxygen enter the lungs more quickly than any other gas, the combination is utilised to treat both chronic and acute respiratory diseases.
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Key Players:
It then discusses the top competitors in the worldwide Helium market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. The research also evaluates raw material sources, import-export, the value chain, price structure, and the industrial supply chain in addition to capacity utilisation. The following participants are highlighted in this study:
1.Air Products and Chemicals, Inc.
2. Air Liquide
3. Linde AG
4. Praxair, Inc.
5. Taiyo Nippon Sanso Corporation
6. Iwatani Corporation
7. Gulf Cryo
8. Messer Group
9. Qatar Gas Operating Company Limited
10. Global Gases
11. Matheson Tri-Gas Inc
12. ONEOK Inc.
13. Exxon Mobil Corporation
14. Polish Oil and Gas Company
15. Weil Group
16. Others
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Regional Analysis:
The report has analyzed the global Helium market in the following regions:
- North America (Mexico, Canada, and the United States)
Germany, France, the United Kingdom, Russia, Italy, and the rest of Europe make up the European Union.
Asia-Pacific region (including Australia, China, Japan, Korea, Southeast Asia, and Japan)
Latin America (Brazil, Argentina, Colombia, and the remaining countries in South America) - Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East Africa)
The study offers in-depth perceptions into a wide range of development prospects and obstacles in the aforementioned regions based on various items, applications, end users, and nations, among other factors. The research also includes key features of the worldwide Helium market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Helium Market:
Practically every industry has been hit by the unprecedented global public health disaster known as COVID-19, and the long-term effects are anticipated to have an impact on industry growth for the duration of the forecast period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The updated research includes new information, analysis, projections, and predictions based on COVID-19’s impact on the market.
The Helium Market Report provides key answers to the following questions:
- Which are the major companies in the Helium market?
- Which is the potential market for Helium in terms of the region?
- Which application area of Helium is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Helium market size by 2027?
- What are the market’s chances of growth?
- What is the base year considered in the Helium market report?
- Which region dominates the Helium market in terms of market share?
- What factors are anticipated to drive the Helium market?
