Helium Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented Phase (Liquid and Gas), Application (Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding, Controlled Atmosphere, and Other Applications), End-user Industry (Aerospace and Aircraft, Electronics and Semiconductors, Nuclear Power, Healthcare, Welding and Metal Fabrication, and Other End-user Industries), and Geography (Asia-Pacific, Europe, North America, and Rest of the World).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

4 %

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Market Overview

The market for helium is expected to register a CAGR of around 4% during the forecast period. Major factors driving the market are the increasing consumption of helium in the electronics and semiconductor industry and the growing usage in the healthcare industry. However, the high cost of the extraction process and the stringent government regulations concerning helium use are likely to hinder the growth of the market studied.

  • Gas-phase helium dominated the market and is also projected to register the highest CAGR during the forecast period.
  • The development of efficient storage and transport methods for gases is anticipated to provide numerous opportunities over the forecast period.
  • North America dominated the market with the largest consumption, followed by Asia-Pacific and Europe. However, Asia-Pacific is likely to register the highest CAGR through the forecast period.

Scope of the Report

The helium market report includes:

Phase
Liquid
Gas
Application
Breathing Mixes
Cryogenics
Leak Detection
Pressurizing and Purging
Welding
Controlled Atmosphere
Other Applications
By End-user Industry
Aerospace and Aircraft
Electronics and Semiconductors
Nuclear Power
Healthcare
Welding and Metal Fabrication
Other End-user Industries
Geography
Production Analysis
United States
Qatar
Algeria
Australia
Canada
Poland
Russia
Others
Consumption Analysis
Asia-Pacific
China
India
Japan
South Korea
Australia and New Zealand
Rest of Asia-Pacific
Europe
Germany
France
Italy
United Kingdom
Russia
Rest of Europe
North America
United States
Canada
Mexico
Rest of the World
South America
Middle East & Africa

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Key Market Trends

Healthcare Sector to Dominate the Market

  • Helium has a wide range of uses in the healthcare industry. It can reach a temperature of -269° C, making liquid helium the best option for cooling the magnets of MRI machines. Helium is also being used for breathing observation. It is an essential component in treating emphysema, asthma, and other conditions that affect breathing.
  • The gas is usually used to treat lung diseases. Oxygen and helium are used together for the treatment of acute and chronic forms of respiratory ailments, as the combination reaches the lungs faster than all the others. There is no substitute for helium in cryogenic helium applications.
  • The demand for helium in the healthcare sector is increasing, owing to the rising demand for MRI scans. MRI has also seen growing applications in cancer screening and neurology. 
  • Geographically, helium finds the largest amount of use in the North American healthcare sector. The United States and Canada spend a major share of their GDP on healthcare. 
  • Similarly, healthcare has become one of the largest sectors in India, due to its strengthening coverage, services, and increasing expenditure by public, as well as private players.
  • Such factors are likely to increase the demand for helium over the forecast period. 

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North America to Dominate the Market

  • North America accounted for the largest share of the market, with the United States alone consuming a share of  30% of the global market. 
  • The US electronics market is the largest market in the world, in terms of size. Furthermore, it is expected to remain the leading market over the forecast period, due to the application of advanced technology, an increase in the number of R&D centers and increasing demand from the consumers.
  • There is a significant increase in the number of manufacturing plants and development centers in the United States, primarily due to the focus on developing high-end products. This is expected to boost the demand for helium over the forecast period.
  • Additionally, MRI diagnostics is a growing field, both in terms of the number of installed scanners and the number of scans being performed. Based on data by OECD, the United States is one of the leaders in MRI, second only to Japan, both in terms of availability and utilization.
  • The Canadian consumer electronics industry experienced growth and grabbed new opportunities in the key product category, as Canadians are valuing new product innovations. The key factor driving the growth of this industry is the improved network connectivity in the country.
  • Such aforementioned factors are expected to increase the demand for helium during the forecast period. 

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Competitive Landscape

The global market for helium is highly consolidated, with the top five players accounting for over 75% of the total market., Air Liquide, Linde plc, Matheson Tri-Gas Inc., Iwatani Corporation, Messer Group, etc. 

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Consumption in the Electronics and Semiconductor Industry

      2. 4.1.2 Increasing Use in Healthcare Industry

    2. 4.2 Restraints

      1. 4.2.1 Expensive Extraction Process

      2. 4.2.2 Stringent Government Regulations Concerning Helium Use

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Phase

      1. 5.1.1 Liquid

      2. 5.1.2 Gas

    2. 5.2 Application

      1. 5.2.1 Breathing Mixes

      2. 5.2.2 Cryogenics

      3. 5.2.3 Leak Detection

      4. 5.2.4 Pressurizing and Purging

      5. 5.2.5 Welding

      6. 5.2.6 Controlled Atmosphere

      7. 5.2.7 Other Applications

    3. 5.3 By End-user Industry

      1. 5.3.1 Aerospace and Aircraft

      2. 5.3.2 Electronics and Semiconductors

      3. 5.3.3 Nuclear Power

      4. 5.3.4 Healthcare

      5. 5.3.5 Welding and Metal Fabrication

      6. 5.3.6 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Production Analysis

        1. 5.4.1.1 United States

        2. 5.4.1.2 Qatar

        3. 5.4.1.3 Algeria

        4. 5.4.1.4 Australia

        5. 5.4.1.5 Canada

        6. 5.4.1.6 Poland

        7. 5.4.1.7 Russia

        8. 5.4.1.8 Others

      2. 5.4.2 Consumption Analysis

        1. 5.4.2.1 Asia-Pacific

          1. 5.4.2.1.1 China

          2. 5.4.2.1.2 India

          3. 5.4.2.1.3 Japan

          4. 5.4.2.1.4 South Korea

          5. 5.4.2.1.5 Australia and New Zealand

          6. 5.4.2.1.6 Rest of Asia-Pacific

        2. 5.4.2.2 Europe

          1. 5.4.2.2.1 Germany

          2. 5.4.2.2.2 France

          3. 5.4.2.2.3 Italy

          4. 5.4.2.2.4 United Kingdom

          5. 5.4.2.2.5 Russia

          6. 5.4.2.2.6 Rest of Europe

        3. 5.4.2.3 North America

          1. 5.4.2.3.1 United States

          2. 5.4.2.3.2 Canada

          3. 5.4.2.3.3 Mexico

        4. 5.4.2.4 Rest of the World

          1. 5.4.2.4.1 South America

          2. 5.4.2.4.2 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Air Liquide

      2. 6.4.2 Air Products and Chemicals, Inc.

      3. 6.4.3 Exxon Mobil Corporation

      4. 6.4.4 Gazprom

      5. 6.4.5 Global Gases

      6. 6.4.6 Gulf Cryo

      7. 6.4.7 Iwatani Corporation

      8. 6.4.8 Linde Plc

      9. 6.4.9 Matheson Tri-Gas Inc.

      10. 6.4.10 Messer Group GmbH

      11. 6.4.11 NexAir LLC

      12. 6.4.12 PGNIG SA

      13. 6.4.13 Qatargas Operating Company Limited

      14. 6.4.14 Renergen

      15. 6.4.15 Weil Group

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of Efficient Storage and Transport Methods for Gases

    2. 7.2 Huge Reserve of Natural Gas Found in Tanzania

** Subject to Availability

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