Helium Market Poised for Exponential Growth, Projected to Hit $27.06 Billion by 2030

𝐇𝐞𝐥𝐢𝐮𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The global helium market is on a trajectory of robust growth, with projections indicating a leap from its 2023 valuation of $15.48 billion to an impressive $27.06 billion by 2030, driven by a steady CAGR of 8.3%. This surge is primarily attributed to significant advancements in the cryogenics segment and increasing demand from various high-tech industries.

Although helium is an essential part of many important technologies that have a daily impact on our lives, it is highly doubtful that the supply sources of helium, both present and projected, will be able to keep up with demand. A number of factors have come together to create a serious situation, starting with the US government's 1996 decision to sell almost all of its stockpile of helium, which was located in an exhausted natural gas well in Amarillo, Texas. This led to an increase in supply and artificially low pricing throughout the majority of the last ten years. Up until recently, this location was the only one in the world to store helium, hence all of the helium that was sold out of this reserve has already been used.

𝐔𝐧𝐜𝐨𝐯𝐞𝐫 𝐈𝐧-𝐃𝐞𝐩𝐭𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.maximizemarketresearch.com/request-sample/26772/

𝐇𝐞𝐥𝐢𝐮𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐚𝐧𝐝 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐨𝐧𝐜𝐞𝐫𝐧𝐬

Helium's importance spans across multiple critical technologies, yet the supply dynamics raise concerns. Historically, the United States government held a vast helium stockpile in a depleted natural gas field in Amarillo, Texas. However, the 1996 decision to liquidate this reserve led to an initial glut and subsequently lower prices. Today, the depletion of this stockpile, coupled with a decline in major conventional oil and gas projects, has resulted in a more constrained supply.

The shift towards shale drilling in North America has not been conducive to helium production, exacerbating the supply issue. Despite these challenges, the growing and less elastic demand for helium, particularly from new and emerging technological applications, continues to drive market growth.

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬, 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫𝐬, 𝐚𝐧𝐝 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬

Helium is indispensable in the electronics and semiconductor industries. It cools the magnets required for semiconductor production and ensures a bubble-free environment during the manufacturing of fiber optic cables, crucial for internet and cable TV services. As semiconductor fabrication demands ultra-clean and controlled conditions, helium's inert properties and high thermal conductivity are unmatched, supporting the ongoing miniaturization of electronic components.

In the medical field, liquid helium plays a pivotal role in cooling superconducting magnets in MRI machines. Despite technological advancements aimed at reducing helium usage in these devices, the demand remains high due to the critical diagnostic functions MRIs perform. Helium's application extends to respiratory treatments, aiding in the management of chronic lung diseases by facilitating better gas exchange in the lungs.

𝐇𝐞𝐚𝐥𝐭𝐡 𝐑𝐢𝐬𝐤𝐬 𝐚𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬

While helium is non-toxic and inert, its inhalation in high concentrations can lead to severe health risks, including nausea, dizziness, unconsciousness, and even death. This necessitates stringent safety measures in its handling and usage, which could act as a market constraint. Additionally, the high costs associated with helium extraction and the limited availability of new supply sources pose challenges to market expansion.

𝐇𝐞𝐥𝐢𝐮𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

Regionally, North America led the market, with the United States accounting for 30% of global consumption. The region's dominance is attributed to its advanced electronics market, substantial helium reserves, and a strong focus on R&D. The discovery of new helium reserves in Western Canada further bolsters North America's position as a critical player in the global helium market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: (𝐈𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐅𝐮𝐥𝐥 𝐓𝐎𝐂, 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐓𝐚𝐛𝐥𝐞𝐬 & 𝐅𝐢𝐠𝐮𝐫𝐞𝐬, 𝐂𝐡𝐚𝐫𝐭) : https://www.maximizemarketresearch.com/request-sample/26772/

𝐇𝐞𝐥𝐢𝐮𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

• 𝐛𝐲 𝐏𝐡𝐚𝐬𝐞

Liquid
Gas

The liquid phase and gas phase segments make up the worldwide helium market.

Due to the development of COVID-19 and the subsequent increase in the number of people afflicted by the pandemic worldwide, the liquid phase segment dominated the market in terms of revenue in 2023. The medical sector is the largest user of liquid helium since it cools the super magnets found in MRI scanners.

• 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Breathing Mixes
Cryogenics
Leak Detection
Pressurizing and Purging
Welding
Controlled Atmospheres
Other

The global helium market is divided into six segments based on applications: welding, controlled atmosphere, lead detection, breathing mixes, cryogenics, pressurizing and purging, and others.

Since helium is used as a super coolant for cryogenic applications like magnetic resonance imaging (MRI), nuclear magnetic resonance (NMR) spectroscopy, particle accelerators, large hadron colliders, superconducting quantum interference device (SQUID), electron spin resonance spectroscopy (ESR), and superconducting magnetic energy storage (SMEs), the cryogenics segment dominated the market in 2023, accounting for 28% of total revenue.

• 𝐛𝐲 𝐄𝐧𝐝-𝐮𝐬𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Aerospace & Aircraft
Electronics & Semiconductors
Nuclear Power
Healthcare
Welding & Metal Fabrication
Other

𝐇𝐞𝐥𝐢𝐮𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 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

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐟𝐨𝐫 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐬𝐭𝐮𝐝𝐲 : https://www.maximizemarketresearch.com/market-report/global-helium-market/26772/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐇𝐞𝐥𝐢𝐮𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬:

What is Helium?
What is the growth rate of the Helium Market?
Which are the factors expected to drive the Helium market growth?
What is the CAGR at which the Helium market will grow during the forecast period?
What are the different segments of the Helium Market?
Which is the fastest-growing region in the Helium market?
What growth strategies are the players considering to increase their presence in Helium?
What are the upcoming opportunities and trends for the Helium Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Helium Market?
Who are the leading companies and what are their portfolios in Helium Market?
𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis

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𝐎𝐮𝐫 𝐀𝐝𝐝𝐫𝐞𝐬𝐬:

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