The Helium Market size was valued at US $ 15.48 Billion in 2023 and the Helium Market revenue is expected to grow at 8.3% through 2024 to 2030, reaching nearly US $ 27.06 Billion. The report analyzes Helium market dynamics by region and end-user industries.
Helium Market Overview
Helium plays a crucial role in various advanced technologies that impact everyday life, but concerns are growing over the ability of current and projected helium supply sources to meet future demand. The issue began when the U.S. government decided in 1996 to sell nearly all of its helium reserves, stored in a depleted natural gas field in Amarillo, Texas. This move created a troubling situation. The global helium market analysis is conducted based on segment factors such as phase, application, end-use industry, and region.
The sale of helium from the U.S. reserve led to an increase in supply and kept prices artificially low for much of the last decade. However, as this was the world’s sole helium storage facility at the time, the reserves have since been depleted. Additionally, many large energy projects were delayed or canceled due to falling oil and gas prices triggered by the rise of shale drilling, further compounded by the depletion of the U.S. government’s helium stockpile. Helium has traditionally been produced as a byproduct from a few large conventional oil and gas projects that also contained notable amounts of helium.
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Helium Market Dynamics
Rising demand from the electronics and semiconductor industries:
The growing reliance on the Internet is a significant driver for the helium market. Liquid helium is essential for cooling the magnets used in semiconductor production, which is critical for nearly all modern electronic devices. Moreover, fiber optic cables, which provide Internet and cable TV services, must be manufactured in an all-helium environment to prevent trapped air bubbles.
At high-tech fabrication facilities, silicon is processed into functional chips under extremely clean conditions. Given the immense costs associated with building such facilities and acquiring equipment, it is crucial that manufacturing runs smoothly to maximize investment returns. The increasing demand for semiconductors and advanced electronics is thus driving helium market growth.
Helium is favored in semiconductor production for several reasons, particularly because it is an “inert” gas, meaning it does not react with other substances. This makes it ideal for the chemical processes involved in chip manufacturing, as it creates a stable atmosphere that prevents unwanted chemical reactions with silicon and other materials.
Segment Analysis:
by Phase
Gas Phase
Liquid Phase
by Application
Breathing Mixes
Cryogenics
Leak Detection
Pressurizing and Purging
Welding
Controlled Atmosphere
Others
by End-Use Industry
Handling
Dispensing
Processing
Assembling and Disassembling
Welding and Soldering
Others (Inspection & quality-testing and die-casting & molding)
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Regional Insights for Helium Market
In 2023, North America dominated the helium market, with the U.S. alone accounting for 30% of global consumption. The U.S. boasts the world’s largest electronics market and is expected to maintain its leadership during the forecast period, supported by advanced technology, an increasing number of R&D centers, and growing consumer demand. Major helium reserves are concentrated in countries such as the U.S., Russia, Qatar, Algeria, and Iran. However, recent discoveries in Western Canada suggest significant potential for helium production in that region. North American Helium is leading efforts to develop large-scale helium production in Saskatchewan, which is anticipated to meet demand across North America and beyond.
Helium Market Key Players:
Air Products and Chemicals, Inc. (United States)
Air Liquide (France)
Linde AG (Ireland)
Praxair, Inc. (United States)
Taiyo Nippon Sanso Corporation (Japan)
Iwatani Corporation (Japan)
Gulf Cryo (UAE)
Messer Group (Germany)
Qatar Gas Operating Company Limited (Qatar)
Global Gases (India)
Matheson Tri-Gas Inc. (United States)
ONEOK Inc. (United States)
Polish Oil and Gas Company (Poland)
Others (*List of Key Players is not exhaustive)
Key questions answered in the Helium Market are:
- What is Helium?
- What was the Helium market size in 2023?
- What is the growth rate of the Helium Market?
- Which are the factors expected to drive the Helium market growth?
- What are the different segments of the Helium Market?
- What growth strategies are the players considering to increase their presence in Helium?
- What are the upcoming industry applications and trends for the Helium Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Helium Market?
- What segments are covered in the Helium Market?
- Who are the leading companies and what are their portfolios in Helium Market?
- What segments are covered in the Helium Market?
- Who are the key players in the Helium market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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