Helium Market Overview

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Helium Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Helium market, with forecasts outspreading to the year .

By 2030, the Helium Market is expected to reach US $27.06 billion, thanks to growth in the cryogenics segment. The report analyzes market dynamics by region and end-user industries.

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Helium Market Scope and Methodology:

The research methodology used in the report combines SWOT and descriptive analysis. Conducting a comprehensive analysis of the market Helium is the main objective of the research. A variety of techniques, including surveys and questionnaires, are used in research. The results are then evaluated using numerical, statistical, and mathematical methods. Current market trends are shaped by both qualitative and quantitative methodologies.  

Dynamics of the Helium Market:

increasing helium use in the semiconductor and electronics industries

The use of the Internet also requires helium. The magnets used in the manufacturing of semiconductors, which are present in practically all modern devices, are cooled by liquid helium. In the meanwhile, to prevent trapped bubbles, the fibre optic cables that provide houses with cable TV and Internet access need to be produced in an all-helium environment.

An ultra-clean fabrication facility with state-of-the-art technology processes silicon to create functioning chips. The cost of modern fabs is billions of dollars, and the many pieces of equipment are millions of dollars each, thus optimising that investment depends heavily on processing efficiency.

Increasing use of liquid helium in the medical sector

In magnetic resonance imaging systems, the superconducting magnet that produces the magnetic field is cooled with liquid helium. Physicians use magnetic resonance imaging (MRI) to identify brain disorders, cancers, tumours, strokes, heart issues, and problems with the heart. Researchers utilise MRIs for biological, chemical, and medical research. While newer devices use "dramatically less helium," the National Research Council projects that it will take at least five years, if not longer, to create a magnet that doesn't require liquid helium.

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

by End-user Industry

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

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

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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

Helium Market Regional Insights

It is essential to comprehend the intricate dynamics of the global Helium business within the context of regional studies. The paper provides a framework for goods commerce between nations and regions. The study provides an international overview of the size and growth rate of the Helium market. In many nations and areas, there is discussion over current business trends. Asia-Pacific, Europe, the Americas, the Middle East, and South Africa.

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Key questions answered in the Helium Market are:

• Which is the fastest growing region in the Helium Market?
• What is the growth rate of the Helium Market?
• What are the upcoming opportunities and trends for the Helium Market?
• What segments are covered in the Helium Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for 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?
• What is Helium?
• 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?

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
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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