Helium Market Report 2023: Demand, Growth Challenges, Industry Analysis And Forecasts To 2032

As per The Business Research Company's Helium Opportunities And Strategies Market Report 2023, The global helium market reached a value of nearly $4,454.2 million in 2022, having grown at a compound annual growth rate (CAGR) of 6.4% since 2017. The market is expected to grow from $4,454.2 million in 2022 to $6,492.2 million in 2027 at a rate of 7.8%. The market is then expected to grow at a CAGR of 6.6% from 2027 and reach $8,921.0 million in 2032.

The growing demand from the healthcare industry is expected to drive the growth of the helium market going forward. The escalating demand from the healthcare sector is anticipated to fuel market expansion for helium. Due to its distinctive characteristics, including its inert nature, lack of reactivity with other elements, non-corrosiveness and inflammability, helium is frequently utilized in a variety of disease diagnosis equipment. For example, in 2022, according to Zippia, a US-based provides online recruitment services, the US economy's share of healthcare spending was 19.7%, with $1.27 trillion in income in 2020. In July 2022, according to OECD Health Statistics 2022, per the preliminary estimates for a group of 17 nations, health spending would have increased by roughly 6% on average in 2021. Therefore, the growing demand from the healthcare industry is expected to contribute to the growth of the helium market during the forecast period.

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Many chemical manufacturers are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to obtain real-time insights and identify inefficiencies in the manufacturing process. The data obtained through these devices is processed, analyzed and interpreted by plant managers and senior-level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers on possible machine breakdowns. Major industrial gas manufacturers adopting IoT technology include Praxair-Linde and Air Products.

The top opportunities in the helium market segmented by type will arise in the gaseous helium segment, which will gain $1,305.3 million of global annual sales by 2027. The top opportunities in the helium market segmented by end-users will arise in the other end-users segment, which will gain $627.4 million of global annual sales by 2027. The helium market size will gain the most in China at $591.7 million

Helium Market Segmentation:
The Helium market is segmented by type and by end user
By Type -
a) Liquid Helium
b) Gaseous Helium

By End-User -
a) Healthcare
b) Welding And Metal Fabrication
c) Electronics And Semiconductors
d) Laboratory
e) Lifting And Balloons
f) Other End-Users

Major players in the Helium market include Linde plc, Air Products and Chemicals, Inc, Nippon Sanso Holdings Corporation, Air Liquide S.A., Iwatani Corporation

The regions covered in the global Helium market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Helium Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Helium Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
.......
18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Helium Market, Conclusions And Recommendations
22. Appendix

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