What Has Driven the Growth of the Helium Market in Recent Years?
The helium market has seen considerable growth due to a variety of factors.
• Recent years have witnessed a robust expansion in the size of the helium market. Anticipated to grow from $5.19 billion in 2024 to $5.62 billion in 2025, it will experience a compound annual growth rate (CAGR) of 8.3%.
The remarkable growth during the past period is tied to solid economic development in emerging markets coupled with a rising demand for chemical products and bio-based dispersants.
What Is The Projected Growth And Market Size For The Helium
The helium market is expected to maintain its strong growth trajectory in upcoming years.
• The anticipated expansion of the helium market is robust, with projections indicating it will reach a value of $7.47 billion in 2029, expanding at a compound annual growth rate (CAGR) of 7.4%.
This growth during the forecast period is attributable to factors such as governmental backing, advancements in polymerization methodologies, heightened demand for water-based dispersants, and increasing urbanization. Key trends foreseen in this period comprise helium producers' embrace of IoT innovation, the introduction of helium-filled hard disk technology, surge in production capacity, novelty in product development, and strategic alliances and collaborations.
What Are The Primary Growth Drivers In The Helium Market?
The anticipated growth of the helium market is primarily due to the increasing needs of the healthcare sector. Utilized extensively in equipment for detecting diseases, helium's unique traits such as being non-reactive with other elements and being inert, noncorrosive, and non-flammable. In the healthcare field, helium has numerous uses, including supplemental treatment in asthma flare-ups, ARDS, COPD, croup, and bronchiolitis. For example, helium is used in the running of MRI machines for controlling powerful magnets, which are crucial in observing various conditions within the chest, abdomen, and pelvic region. These machines are also beneficial for pregnancy diagnosis.
What Are The Main Segments Of The Global Helium Market?
The helium market covered in this report is segmented –
1) By Type: Liquid Helium, Gaseous Helium
2) By Application: Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding, Controlled Atmosphere, Other Applications
3) By End User: Healthcare, Welding And Metal Fabrication, Electronics And Semiconductors, Laboratory, Lifting And Balloons, Other End-Users
Subsegments:
1) By Liquid Helium: Cryogenic Applications, Scientific Research
2) By Gaseous Helium: Industrial Applications, Medical Applications, Party Balloons And Inflatable Products, Electronics Manufacturing, Other Uses
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What Emerging Trends Are Influencing The Growth Of The Helium Market?
The dwindling helium supply from current sources, especially within the US Bureau of Land Management’s (BLM) infrastructure, is leading industrial gas firms and distributors to explore alternative sources like non-hydrocarbon production of helium. This method entails producing helium as either the sole source of income or one of the main streams of income. For instance, during the Global Helium Summit, Rex Canon, the CEO of IACX Energy, indicated that 'Provided there was another non-hydrocarbon gas that could be commercially produced and sold, like carbon dioxide, gas fields with less than 0.6% helium could have been exploited for producing and selling helium as an ancillary product.' He also highlighted the gradual decrease of BLM supplies as a catalyst for considering non-hydrocarbon sources of helium, providing a decent substitute to the conventional sources from LNG flash gas and NRU off-gas.
Who Are the Key Players in the Helium Market?
Major companies operating in the helium market include:
• Air Products and Chemicals. Inc
• Air Liquide S.A
• Iwatani Corporation
• Messer Group GmbH
• Qatargas Operating Company Limited
• Gulf Cryo
• Air Water Inc
• Axcel Gases
• Nippon Helium Inc
• Taiyo Nippon Sanso Corporation
• The Linde Group Air Products
• Chemicals Inc
• Anhui Clean Energy Co. Ltd
• Chengdu Taiyu Industrial Gases Co. Ltd
• Hubei Daly LPG Cylinder Manufacturer Co. Ltd
• Jiangsu Hongren Special Gas Co. Ltd
• Qingdao Baigong Industrial and Trading Co. Ltd
• Air Products Italia S.r.l
• Basi Schoberl GmbH & Co. KG
• Riessner-Gase GmbH
• RealGas LLC
• Cylinders Holding A.S
• Cryoin Engineering Ltd
• Galo Gas
• Elme Messer K
• Matheson Tri-Gas Inc
• ExxonMobil
• Chevron
• ConocoPhillips
• EOG Resources
• Phillips 66
• National Iranian Oil Company
• Bristol Specialty Gases
• Middle East Gases
• Abu Dubai National Oil Company
• Petrofac International Sharafco Group Companies
• Ghazanfer Group
• Al Mansoori Abu Dubai
• Emirates Lube Oil Company
• Lootah BC Gas
• Renergen (RLT)
• My Gas (Pty) Ltd
What Is The Most Dominant Region In The Helium Market?
Asia-Pacific was the largest region in the helium market in 2024. North America was the second-largest region in the global helium market. The regions covered in the helium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
