Market Size of Helium Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Helium Market Analysis
The helium market is projected to register a CAGR of greater than 4% during the forecast period.
However, due to the COVID-19 outbreak, the aerospace industry took a severe blow, which resulted in the contraction of the aerospace industry in recent times, which negatively affected the growth prospects of helium in aerospace applications. However high growth in the healthcare sector has positively affected the helium market.
- In the medium term, increasing consumption of helium in the electronics and semiconductor industry and the growing usage in the healthcare industry are likely to drive the market demand.
- However, on the flip side, 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.
- The development of efficient storage and transport methods for gases and huge reserve of natural gas found in Tanzania are anticipated to provide numerous opportunities over the forecast period.
- Asia Pacific region is expected to register highest growth of market studied in the forecast period.
