Expert Market Research’s “Global Helium Market Price, Report and Forecast 2022-2027” provides a comprehensive outlook of the global helium market and evaluates the market based on its segments such as phase, application, end-user and major regions.
Helium Market Size, Trends, Industry Report, Major Players, Major Segments and Forecast
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Key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 3.60%
|Growth rate CAGR
||Air Liquide SA, Air Products and Chemicals, Inc, Exxon Mobil Corporation, Gazprom, Gulf Cryo,
Iwatani Corporation and Linde PLC, among others.
The growth of the global helium market is driven by its widespread application in various industries. Helium gas, known for its inertness and low boiling point, is mainly used as a coolant for various machines. For example, liquid helium is the most commonly used gas to cool MRI machines. In addition, helium has a boiling temperature similar to hydrogen and is therefore also used in the aerospace industry as a pressure medium in rocket propulsion systems.
The global demand for helium is expected to be further strengthened by the growing demand for semiconductors in several sectors such as electrical and electronics, as well as in the automotive industry, among others. The inert nature of helium provides suitable environments for semiconductor fabrication by preventing any undesirable reaction of silicon with other materials.
In addition, helium is also used in the metal fabrication industry to provide an inert environment for electric welding. Increasing demand for sheet metal from industries such as industrial, construction, aerospace, manufacturing and automotive is expected to further drive the growth of the helium market. In addition, helium has applications in the healthcare sector due to its biological inertness, neuroprotective nature, and low density. Helium is commonly used in breathing mixtures for adjuvant therapies in the treatment of ARDS, bronchitis, asthma and COPD, among others.
Definition of the helium industry and main segments
As a chemical element, helium (He) belongs to the noble gas group of the periodic table. Considered the second lightest element, helium is an odorless and tasteless gas that melts at a temperature of 268.9 °C (452 °F). It is the second most abundant gas in the universe. Helium gas is found in pockets of natural gas at the surface of the earth and is obtained by fractional distillation.
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Based on the phase, the market is split into:
• Natural gas
Based on application, the market is segmented into:
• Breathing Mixtures
• Leak detection
• Pressurization and Flushing
• Controlled atmosphere
On the basis of end user, the market is segmented into:
• Aerospace and Aircraft
• Nuclear Power
• Electronics and semiconductors
• Welding and metalworking
By Regions, the Helium Market is segmented into:
• Asia Pacific
• North America
• Latin America
• Middle East and Africa
helium market trends
The global helium market is expected to grow during the forecast period due to the significant presence of numerous helium producers and the introduction of new technologies to recover helium from natural gas through processes such as hybrid cryogenic adsorption and membrane separation processes.
Regionally, North America is the largest helium producer and the regional market for helium is supported by the expansion of large players such as Air Liquide. The Company has entered into an agreement with North American Helium to supply a helium purification solution that can be customized and manufactured using the Company’s state-of-the-art membrane technology. The facility will support North America Helium, which operates Canada’s largest helium production facility at its site in southwest Saskatchewan.
In addition, North America has the world’s largest aerospace industry. The increasing R&D and space exploration activities are likely to drive the helium market. For example, certain launch vehicles, such as Ariane, use helium to pressurize and purge the fuel tanks before launching satellites into orbit.
Important market participants
The major players in the global helium market are:
- AirLiquide SA
- Air Products and Chemicals, Inc
- ExxonMobil Corporation
- gulf cryo
- Iwatani Corporation
- Linde PLC
The report covers the market shares, capacities, asset turnover, expansions, investments and mergers and acquisitions among other latest developments of these market players.
The report examines the latest updates in the market along with their impact on the overall market. It also analyzes market demand along with its price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces models.
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