Global Helium Gas Market 2023-2030

Description

List of Tables

The global helium gas market size was valued at $2.45 billion in 2022, and is projected to reach $3.42 billion by 2030, registering a CAGR of 4.9% during the forecast period (2023-2030). Helium is presently in high demand, primarily in the medical, technology, and aircraft sectors - for MRI machines, especially in the markets, as well as superconductors and pressure purging (SpaceX and NASA). However, the expensive expense of the extraction process, as well as strict government rules regarding helium use, are likely to stifle market growth. The creation of effective gas storage and transportation techniques, as well as a large natural gas reserve, are expected to provide numerous possibilities during the forecast period.

Segmental Outlook:

The global helium gas market is segmented based on the supply mode and application. By supply mode, the market is segmented into cylinders, bulk and micro tanks, drum tank, and on-site. Further, based on application, the market is segmented into healthcare, manufacturing, electronics, leak detection, fiber optics, lifting gas, heat transfer, breathing mixtures, and other applications. Among the application segment, the healthcare sub-segment is expected to cater prominent market share over the forecast period owing to the high demand for helium in the healthcare industry.

The Healthcare Sub-Segment is Anticipated to Hold a Prominent Share in the Global Helium Gas Market

Helium has a wide range of uses in the healthcare industry. Helium is also being used for breathing observation. It is an essential component in treating emphysema, asthma, and other conditions that affect breathing. 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. Heliox is a mixture of helium and oxygen that has low gas density. The use of heliox has been recommended in many respiratory conditions, including upper airway obstruction, extrinsic upper airway compression, postextubation stridor, croup, laryngotracheomalacia, bronchiolitis, ARDS, and obstructive lung disease. These potential clinical benefits and medical applications for helium will support the growth of the helium gas market during the forecast period.

Regional Outlooks:

The global helium gas market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). China, Korea, and Taiwan are the largest consumers of the helium gas market. The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific regional market is expected to cater prominent growth over the forecast period, however, the North American region is projected to experience considerable growth in the helium gas market.

The Asia-Pacific Region Is Expected To Hold Prominent Share in the Global Helium Gas Market

The Asia-Pacific region is expected to register the highest growth of the market in the forecast period. This growth is mainly attributed to increasing technological advancements & modernization, increasing personal disposable income, and growing demand from various end-use industries. The US is the largest contributor to the helium gas market in the region. The helium gas market in the Asia-Pacific is estimated to expand at a rapid pace in the region. The market is expected to expand at a moderate pace in the near future.

Market Players Outlook:

The major companies serving the global helium gas market include Air Liquide, Linde Plc, Matheson Tri-Gas Inc., Air Products and Chemicals Inc., Iwatani Corporation, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.

Product Code: OMR2027262

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Key Strategy Analysis

4. Market Segmentation

4.1. Global Helium Gas Market by Supply Mode
- 4.1.1. Cylinders
- 4.1.2. Bulk and Micro Tanks
- 4.1.3. Drum Tank
- 4.1.4. On Site
4.2. Global Helium Gas Market by Application
- 4.2.1. Healthcare
- 4.2.2. Manufacturing
- 4.2.3. Electronics
- 4.2.4. Leak Detection
- 4.2.5. Fiber Optics
- 4.2.6. Lifting Gas
- 4.2.7. Heat Transfer
- 4.2.8. Breathing Mixtures
- 4.2.9. Other Applications

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Air Liquide S.A.
6.2. Air Products and Chemicals Inc.
6.3. Exxon Mobil Corp.
6.4. Gazprom
6.5. Gulf Cryo
6.6. Iwatani Corp.
6.7. Linde PLC
6.8. Matheson Tri-Gas Inc.
6.9. Messer Group GmbH
6.10. NexAir LLC
6.11. PGNIG S.A.
6.12. Qatargas Operating Company Ltd.
6.13. Renergen Ltd.
6.14. Weil Group Resources, LLC