Helium Market Analysis 2029: Trends, Growth, Outlook, and Forecast

MMR delivers a report for theHelium Market, encompassing multiple segments that pertain to general business data and industry future trends, all backed by meticulous assessment and analysis. Employing both primary and secondary data, the researcher has utilized top-down and bottom-up approaches to forecast data for the specified timeframe (2023-2029). This research methodology has been employed to scrutinize the global Helium demand, and these findings have been systematically documented within this report.

Helium Market Growth:

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.

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Helium Market 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's development, which raised the number of patients who became infected by the pandemic internationally, the liquid phase segment dominated the market in 2022 and controlled the majority of revenue-generating 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.

Helium Market Report Scope and Research Methodology

In the Helium report, the projection period spans from 2023 to 2029, with the base year being 2022. The research encompasses a comprehensive examination of the Helium industry, along with a thorough market segmentation analysis. Historical market dynamics are also analyzed within the report, facilitating clients in drawing parallels between past trends and current market situations, while also spotlighting the contributions of key players. The competitive landscape section delves into various growth strategies pursued by prominent players. The updates featured in this section provide insightful perspectives across different phases, enabling stakeholders to stay abreast of industry developments and participate in economic dialogues. The competitive scenario encompasses press releases and news from companies engaged in activities such as MA, agreements, collaborations partnerships, new product launches development, investments funding, as well as awards, recognition, expansions.

Helium Key players:

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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Helium Market Regional Insights

The different section on regional segmentation gives the regional aspects of the global Helium Market. This chapter describes the regulatory landscape that is expected to impact the market. It highlights the political landscape in the market and forecasts its influence on the Helium market globally. The presence and availability of global brands with the challenges they confront due to severe competition from local and domestic brands, the impact of domestic tariffs, and trade channels, are all taken into account. The Helium report covers the five regions and their country-wise distribution are:

North America- (U.S., Canada, and Mexico)

Europe- (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)

Asia Pacific- (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)

Middle East Africa- (South Africa, GCC Countries, Nigeria, Egypt, and Rest of MEA)

South America- (Brazil, Argentina, Colombia, and Rest of South America)

Key Offerings:

Market Overview
Market Share
Market Size
Forecast by Revenue | 20232029
Market Dynamics Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation A detailed analysis by segments, sub-segments and region
Competitive Landscape Top Key Vendors and Other Prominent Vendors

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