Helium Market Share, Trend Analysis, Key Drivers, Size And Forecast To 2033

The new report published by The Business Research Company, titled Helium Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the helium market size has grown strongly in recent years. It will grow from $4.81 billion in 2023 to $5.22 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The helium market size is expected to see strong growth in the next few years. It will grow to $6.92 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.

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Increasing Demand From The Healthcare Industry To Drive Market Growth
The helium market's growth is expected to be driven by the growing demand from the healthcare industry. Helium is widely used in various disease diagnosis equipment as it has unique properties such as being inert in nature, non-reactive with other elements, noncorrosive and non-flammable. Helium is used in various applications in the healthcare industry, such as adjunct therapy in asthma exacerbation, ARDS, croup, COPD, and bronchiolitis. For instance, helium is utilized in magnetic resonance imaging (MRI) apparatus to regulate powerful magnets, which are useful for monitoring various conditions within the abdominal, chest, and pelvis. They are also useful in pregnancy diagnosis.

Transition To Non-Hydrocarbon Helium Production
The decline of existing helium supply sources, particularly in the US Bureau of Land Management's (BLM) system, is causing industrial gas companies and distributors to seek new sources of helium supply, such as the production of helium from non-hydrocarbon sources. Helium production from non-hydrocarbon sources is a process where helium is produced and sold as either the only revenue stream or one of the key revenue streams. For example, at the Global Helium Summit, Rex Canon, IACX Energy's CEO, pointed out that ""If there were another non-hydrocarbon gas present that could be produced and sold as a commercial product, such as carbon dioxide, gas fields with helium content lower than 0.6% could have been developed for the production and sale of helium as a secondary product."" He also mentioned that due to the decline of the BLM supplies, non-hydrocarbon sources of helium were a good alternative to the traditional sources from LNG flash gas and NRU off-gas.

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

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Major companies operating in the helium market report are Linde plc, Air Products and Chemicals, Inc, Nippon Sanso Holdings Corporation, 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, Valero Energy, Halliburton, Kohler Co, Yanmar Co, Cummins Inc, Caterpillar Inc, General Electric Company, National Iranian Oil Company, Mentfield (1983) Ltd, Mayan For Gas Technologies, Gas Technologies O.B. Ltd, Sigmai Trade & Logistic Ltd, 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, Air Products South Africa

Contents of the report:
1. Executive Summary
2. Helium Market Report Structure
3. Helium Market Trends And Strategies
4. Helium Market - Macro Economic Scenario
5. Helium Market Size And Growth
…..
27. Helium Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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