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Helium Market: By Product Type By Process By End User Industry and Geography
Helium Market: By Product Type By Process By End User Industry and Geography
Helium Market size was valued at US$ 13.2 billion in 2022 and is poised to grow at a CAGR of 8.2% from 2023-2029. The global market report provides a thorough overview of the Helium market, which can be segmented by product type, process, end-user industry, and geography. By product type, the helium market is segmented into Liquid Helium and gaseous Helium. Liquid helium is used in various end-user industries and processes, viz., in MRI, space technology, medical devices, scientific research, etc. Thus, the liquid helium segment is expected to grow the most in the forecast period. Based on the process, the Helium market is segmented into breathing mixes, medical devices, cryogenics, leak detection, pressurizing and purging, welding, and others. The use of helium can be estimated to increase in breathing mixes, cryogenics, and medical devices. Based on the end-user industry, aerospace and aircraft, electronics and semiconductors, nuclear power, healthcare, welding and metal fabrication, and others. Growing demand for helium in electronics and semiconductor industries, aerospace industries, and healthcare industries can be estimated following the trend of technology and society. Thus, the helium market will increase in these application segments in the forecast period.
Study Period
2024-2030Base Year
2023CAGR
14.8%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
Growing demand for semiconductors will primarily boost the market for helium in the forecast period. Semiconductors are premium products nowadays for various electronics manufacturing of which can’t be done without helium. Moreover, the demand for cryogenics are also increasing, liquid helium and liquid nitrogen are only products available for cryogenics, which can be expected to boost the market for helium. However, the healthcare sector and the aerospace industry are also one of the major consumers of helium industries.
By regional analysis, the helium market is segmented into APAC, Europe, The USA, MEA, and Latin America. Due to rising income levels and population growth, the Asia Pacific region's electronics and semiconductor markets have experienced tremendous growth. As a result, electronics sales have surged exponentially. Therefore, the region with the most potential for helium market growth in the Asia Pacific. Europe and North America are the following two biggest helium markets after the Asia Pacific region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 13.2 billion |
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Market CAGR |
14.8% |
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By Product Type |
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By Process |
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By End User |
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The electronics and semiconductor segment are the fastest growing due to its ample requirement to manufacture semiconductors. Helium is the quickest gas in drawing heat away from surfaces because of its great thermal conductivity. Helium is ideal for the minute etchings of semiconductor chips because of its low molecular weight and small molecular composition, which allow it to fit into porous regions of diverse materials.
Air Liquide, Linde, Taiyo Nippon Sanso, Air Products, Praxair, Inc, Axcel Gases, Messer Group, US Gas, nexAir, LLC, Qatargas, The Southern Gas Limited and Weil Group
Semiconductors have applications in almost every sector of the electronics industry. With the recent trend in the transition from IC engine cars to EVs, semiconductors have witnessed a swelling in demand. Helium being one of the prime materials for semiconductor manufacturing, poses an excellent opportunity for growth.
High production cost and low density of the gas are the main restrains for the helium manufacturer. Due to low density of the gas, loss due to vaporization is higher and also higher gas flow has to be maintained for its shielding effect to be effective. This will ultimately increase the cost of manufacturing as well as products that utilize helium as manufacturing materials.
| 1. Executive Summary |
| 2. Global Helium Market Introduction |
| 2.1. Global Helium Market Taxonomy |
| 2.2. Global Helium Market Definitions |
| 2.2.1. By Product Type |
| 2.2.2. By Process |
| 2.2.3. By End User Industry |
| 3. Global Helium Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Helium Market Dynamic Factors - Impact Analysis |
| 3.6. Global Helium Market Competition Landscape |
| 4. Global Helium Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Helium Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 5.1. Liquid Helium |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Gaseous Helium |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Helium Market Forecast, By Process, 2018 - 2022 and Forecast, 2023 - 2029 |
| 6.1. Breathing Mixes |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Cryogenics |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Leak Detection |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Pressurizing and Purging |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Welding |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Helium Market Forecast, By End User Industry, 2018 - 2022 and Forecast, 2023 - 2029 |
| 7.1. Aerospace and Aircraft |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Electronics and Semiconductors |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Nuclear Power |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Healthcare |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Welding and Metal Fabrication |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Others |
| 7.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8. Global Helium Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Helium Market - Opportunity Analysis Index, By Product Type, Process, End User Industry, and Region, 2023 - 2029 |
| 9. North America Helium Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 9.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Liquid Helium |
| 9.1.2. Gaseous Helium |
| 9.2. Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Breathing Mixes |
| 9.2.2. Cryogenics |
| 9.2.3. Leak Detection |
| 9.2.4. Pressurizing and Purging |
| 9.2.5. Welding |
| 9.2.6. Others |
| 9.3. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Aerospace and Aircraft |
| 9.3.2. Electronics and Semiconductors |
| 9.3.3. Nuclear Power |
| 9.3.4. Healthcare |
| 9.3.5. Welding and Metal Fabrication |
| 9.3.6. Others |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Helium Market - Opportunity Analysis Index, By Product Type, Process, End User Industry, and Country, 2023 - 2029 |
| 9.6. North America Helium Market Dynamics Trends |
| 10. Europe Helium Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 10.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Liquid Helium |
| 10.1.2. Gaseous Helium |
| 10.2. Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Breathing Mixes |
| 10.2.2. Cryogenics |
| 10.2.3. Leak Detection |
| 10.2.4. Pressurizing and Purging |
| 10.2.5. Welding |
| 10.2.6. Others |
| 10.3. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Aerospace and Aircraft |
| 10.3.2. Electronics and Semiconductors |
| 10.3.3. Nuclear Power |
| 10.3.4. Healthcare |
| 10.3.5. Welding and Metal Fabrication |
| 10.3.6. Others |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Helium Market - Opportunity Analysis Index, By Product Type, Process, End User Industry, and Country, 2023 - 2029 |
| 10.6. Europe Helium Market Dynamics Trends |
| 11. Asia-Pacific Helium Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 11.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Liquid Helium |
| 11.1.2. Gaseous Helium |
| 11.2. Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Breathing Mixes |
| 11.2.2. Cryogenics |
| 11.2.3. Leak Detection |
| 11.2.4. Pressurizing and Purging |
| 11.2.5. Welding |
| 11.2.6. Others |
| 11.3. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Aerospace and Aircraft |
| 11.3.2. Electronics and Semiconductors |
| 11.3.3. Nuclear Power |
| 11.3.4. Healthcare |
| 11.3.5. Welding and Metal Fabrication |
| 11.3.6. Others |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Helium Market - Opportunity Analysis Index, By Product Type, Process, End User Industry, and Country, 2023 - 2029 |
| 11.6. Asia-Pacific Helium Market Dynamics Trends |
| 12. Latin America Helium Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 12.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Liquid Helium |
| 12.1.2. Gaseous Helium |
| 12.2. Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Breathing Mixes |
| 12.2.2. Cryogenics |
| 12.2.3. Leak Detection |
| 12.2.4. Pressurizing and Purging |
| 12.2.5. Welding |
| 12.2.6. Others |
| 12.3. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Aerospace and Aircraft |
| 12.3.2. Electronics and Semiconductors |
| 12.3.3. Nuclear Power |
| 12.3.4. Healthcare |
| 12.3.5. Welding and Metal Fabrication |
| 12.3.6. Others |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Helium Market - Opportunity Analysis Index, By Product Type, Process, End User Industry, and Country, 2023 - 2029 |
| 12.6. Latin America Helium Market Dynamics Trends |
| 13. Middle East and Africa Helium Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (‘000 Tons)) |
| 13.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Liquid Helium |
| 13.1.2. Gaseous Helium |
| 13.2. Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Breathing Mixes |
| 13.2.2. Cryogenics |
| 13.2.3. Leak Detection |
| 13.2.4. Pressurizing and Purging |
| 13.2.5. Welding |
| 13.2.6. Others |
| 13.3. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Aerospace and Aircraft |
| 13.3.2. Electronics and Semiconductors |
| 13.3.3. Nuclear Power |
| 13.3.4. Healthcare |
| 13.3.5. Welding and Metal Fabrication |
| 13.3.6. Others |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Helium Market - Opportunity Analysis Index, By Product Type, Process, End User Industry, and Country, 2023 - 2029 |
| 13.6. MEA Helium Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Process & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Air Liquide |
| 14.2.2. Linde Plc |
| 14.2.3. North American Helium |
| 14.2.4. Messer Group GmbH |
| 14.2.5. NexAir LLC |
| 14.2.6. Air Products and Chemicals, Inc. |
| 14.2.7. Qatargas Operating Company Limited |
| 14.2.8. Iwatani Corporation |
| 14.2.9. Exxon Mobil Corporation |
| 14.2.10. Matheson Tri-Gas, Inc. |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.