The Global Helium Market size is expected to reach $5.3 billion by 2030, rising at a market growth of 6.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,50,979.9 tonnes, experiencing a growth of 3.3% (2019-2022).
In pressurizing applications, helium is used to pressurize tanks, pipelines, and other systems where maintaining a specific pressure is critical. Thus, the pressurizing & puring segment acquired $425.7 million revenue in 2022. Also, Canada market utilized 716.1 tonnes of helium in pressurizing & puring segment in 2022. Helium's inert nature ensures that it does not react with the materials in the system, making it suitable for use in a wide range of industries, including aerospace, automotive, and manufacturing.
An escalating number of nations are devoting resources and efforts towards space exploration in an effort to push the limits of human knowledge and technology and increase the understanding of the cosmos. Therefore, these factors will support the growth of the market.
It plays a crucial role in emerging technologies such as quantum computing and superconductivity research, where its unique properties are essential for achieving breakthroughs in these fields. Thus, as these technologies continue to develop, the demand for helium will increase.
However, it is a non-renewable resource, primarily extracted as a byproduct of natural gas production. The helium concentration in natural gas deposits is typically low, making it challenging and costly to extract and purify. Hence, the limited supply of helium is a major factor that may hamper the market's growth.
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Challenges Based on phase, the market is characterized into gas and liquid. The gas segment garnered the highest revenue share in the market in 2022. Helium gas is commonly used in applications where inertness and low density are important. In terms of volume, the gas segment utilized 1,01,252.6 tonnes of helium in 2022. In aerospace, electronics manufacturing, and welding industries, helium gas is used as a lifting gas, shielding gas, and leak detection due to its low density and inert nature.
By end-use, the market is divided into aerospace & defense, medical & healthcare, electronics & electrical, nuclear power, metal fabrication, and others. The electronics & electrical segment procured a remarkable growth rate in the market in 2022. In terms of Volume, the electronics & electrical segment utilized 19,438.7 tonnes of helium in 2022. Helium is used in various applications in the electrical industry, including as a shielding gas in arc welding processes.
On the basis of application, the market is classified into breathing mixes, cryogenics, leak detection, pressurizing & puring, welding, controlled atmosphere, and others. The controlled atmosphere segment witnessed a promising growth rate in the market in 2022. In terms of volume, controlled atmosphere segment utilized 11,021.5 tonnes of helium in 2022.The use of helium in controlled atmosphere applications has been increasing due to the unique properties that make it an ideal gas for creating and maintaining specific atmospheric conditions.
Free Valuable Insights: Global Helium Market size to reach USD 5.3 Billion by 2030
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment recorded 37% revenue share in the market in 2022. In terms of volume, North America region utilized 48,389.1 tonnes of helium in 2022. The increasing demand for helium in North America is driven by its essential role in various industries and applications, highlighting its importance as a valuable and versatile gas.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 3.2 Billion |
| Market size forecast in 2030 | USD 5.3 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 6.4% from 2023 to 2030 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Number of Pages | 375 |
| Number of Tables | 810 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Phase, Application, End-use, Region |
| Country scope |
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| Companies Included | Air Products and Chemicals, Inc., Linde plc, Air Liquide S.A., Messer SE & Co. KGaA (Messer Industrie GmbH), Gulf Cryo, Axcel Gases, Iwatani Corporation, MESA International Technologies, Inc., Matheson Tri-Gas, Inc. (The Nippon Sanso Holdings Group), IACX Energy LLC (Alder Midstream, LLC) |
By Phase (Volume, Tonnes, USD Billion, 2019-2030)
By End-use (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
The Market size is projected to reach USD $5.3 billion by 2030.
Growing usage of emerging technologies are driving the Market in coming years, however, Limited supply of helium restraints the growth of the Market.
Air Products and Chemicals, Inc., Linde plc, Air Liquide S.A., Messer SE & Co. KGaA (Messer Industrie GmbH), Gulf Cryo, Axcel Gases, Iwatani Corporation, MESA International Technologies, Inc., Matheson Tri-Gas, Inc. (The Nippon Sanso Holdings Group), IACX Energy LLC (Alder Midstream, LLC)
In the year 2022, the market attained a volume of 1,50,979.9 tonnes, experiencing a growth of 3.3% (2019-2022).
The Medical & Healthcare segment is leading the Market by End-use in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2 billion by 2030.
The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.9 billion by 2030.
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