Helium Market to Reach USD 27.06 Billion by 2030, Driven by Growth in the Cryogenics Segment

The global helium market is experiencing significant growth, driven by its essential applications across various industries. According to Maximize Market Research, the market is projected to reach USD 27.06 billion by 2030, up from USD 15.48 billion in 2023, with a compound annual growth rate (CAGR) of 8.3% during the forecast period.

Key Market Drivers

Electronics and Semiconductor Industry: Helium's inert properties make it indispensable in semiconductor manufacturing and fiber optic cable production, ensuring high-quality outputs.

Healthcare Sector: Liquid helium is crucial for cooling magnets in MRI machines, facilitating advanced medical diagnostics.

Aerospace and Defense: Helium is used in pressurizing and purging systems, welding applications, and as a coolant in space operations, underscoring its versatility.

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Recent Mergers and Acquisitions

Reliance Industries: In November 2024, Reliance Industries' U.S. unit acquired a 21% stake in Wavetech Helium for $12 million, aiming to enhance its low-carbon energy portfolio.

New Era Helium Corp.: In January 2024, New Era Helium Corp. announced a merger with Roth CH Acquisition V Co., a special purpose acquisition company. This strategic move is expected to result in New Era Helium becoming a publicly traded company on NASDAQ, with a pre-money valuation of $90 million.

Regional Developments

Asia-Pacific: Countries like Japan, South Korea, Vietnam, Thailand, and Singapore are witnessing increased helium demand due to advancements in electronics, healthcare, and aerospace sectors.

Europe and the U.S.: The helium market is expanding, driven by technological innovations and strategic investments in various industries.

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Global Helium Market Segment

by Phase

Liquid
Gas

by Application

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

by End-user Industry

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

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Helium Market, Key Players are

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

For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-helium-market/26772/

Key questions answered in the Helium Market are:

What is Helium ?
What is the growth rate of the Helium Market?
What was the Helium Market size in 2023?
What are the upcoming opportunities and trends for the Helium Market?
What are the different segments of the Helium Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Helium Market?
What segments are covered in the Helium Market?
Which are the factors expected to drive the Helium Market growth?
What growth strategies are the players considering to increase their presence in Helium ?
Who are the leading companies and what are their portfolios in Helium Market?
Who are the key players in the Helium market?
What is the CAGR at which the Helium market will grow during the forecast period?




Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
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
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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