The new report by Expert Market Research titled, ‘Global Helium Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global helium market, assessing the market based on its segments like phases, applications, end users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 3.60%
The growth of the global market is being driven by increasing consumption across end-use industries, such as semiconductors and electronics and healthcare and heavy investments in research and development to develop innovative helium-based systems. Manufacturers of semiconductors, optical fibres and flat panel displays depend heavily on helium for cooling applications. Helium’s growing use in semiconductor manufacturing, nuclear power plants, metal fabrication, and medical applications, like NMR and MRI, are expected to boost the industry in the future years. In addition, helium is utilised to monitor breathing. It is an important component in the treatment of emphysema, asthma, and other breathing disorders. This is expected to propel market growth globally.
Industry Definition and Major Segments
Helium (He) is a colourless, odourless, and tasteless inert gas, that is the second lightest element (after only hydrogen). At 268.9 °C (452 °F), helium becomes liquid. Helium has lower freezing and boiling points than any other substance known to mankind. A pressure of 25 atmospheres and a temperature of 1 K (272 °C or 458 °F) are necessary to solidify helium.
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By phase, the market is segmented into:
Based on application, the market is classified into:
• Breathing Mixes
• Leak Detection
• Pressurizing and Purging
• Controlled Atmosphere
The end-users of the market are as follows:
• Aerospace and Aircraft
• Electronics and Semiconductors
• Nuclear Power
• Welding and Metal Fabrication
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The market growth is facilitated by extensive use of helium as cryogenic coolant defence and energy research. Over the forecast period, the development of efficient gas storage and transportation techniques is expected to give significant opportunities. Technological advancements, expanding demand, and an increase in the number of research institutions all contribute to market expansion. The strong focus on creating high-end products has led to the proliferation of development centres and manufacturing units in the United States and the Asia Pacific, pushing helium demand. The market is anticipated to face trends such as escalating demand for party balloons and an upsurge in consumer purchasing power.
Key Market Players
The major players in the market are Air Liquide, Air Products and Chemicals Inc., Exxon Mobil Corporation, Gazprom, Gulf Cryo, Iwatani Corporation, and Linde PLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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