Global Helium Market Outlook 2022

Helium Market Outlook - 2027

The global Helium market was valued at US$ 1878.2 million in 2020 and it is expected to reach US$ 2788.7 million by the end of 2027, growing at a CAGR of 5.9% during 2021-2027.

Helium

Helium is a chemical element with symbol He and atomic number 2. It is a rare atmospheric gas which is colorless, odorless, tasteless, nontoxic, nonflammable and only slightly soluble in water. The concentration of Helium in the atmosphere by volume percent is 5.24 x 10-4. Its boiling points and melting points are the lowest among all the elements and it exists only as a gas except in extremely cold conditions. Helium is principally shipped and used in either gaseous or liquid form for nuclear reactors, semiconductors, lasers, light bulbs, superconductivity, instrumentation, medical applications, cryogenics, MRI and R & D laboratory research.

Major Trends in Helium Market

The chemical element helium has the symbol He and atomic number 2. It is a rare atmospheric gas that is harmless, nonflammable, tasteless, colorless, odorless, and only very little soluble in water. 5.24 x 10-4 atoms of helium are present in the atmosphere as a percentage of its volume. It's melting and boiling points are the lowest of any element, and aside from in extremely frigid temperatures, it solely exists as a gas. Nuclear reactors, semiconductors, lasers, lightbulbs, superconductivity, instrumentation, medical applications, cryogenics, MRI, and R&D laboratory research are the main uses for helium, which is typically supplied and used in gaseous or liquid form.

Helium Market Trends

Helium is used for several purposes in the realm of cryogenics.  For a variety of superconducting applications, liquid helium is employed as a coolant. Particle accelerators are notable for magnets to direct charged particles. Superconducting magnets are employed when enormous magnetic fields are necessary.  Quantum computing is one of the suggested applications for superfluid helium. Quantum bits (qubits), the quantum equivalent of the bit used in conventional computers to store information and carry out processing operations, are employed by quantum computers to represent quantum states of matter, such as the electron spin. In a vacuum, the spin states of the electrons that are present on the surface of superfluid helium show potential as superior qubits. This factor is expected to drive the Helium market growth.

An aerostat is a craft that uses a buoyant gas, such as helium or hydrogen, to raise itself off the ground and become lighter than air. Helium serves as the primary "lifting" gas in all currently active field systems. (it is non-flammable, so considered safer than hydrogen). This factor is expected to drive the Helium market growth.

Higher flow rates are required when welding with helium since it has a lower density than argon. Helium and/or helium/argon mixes can sometimes be used to speed up welding processes. This factor is expected to drive the Helium market growth.

Finding minor leaks or larger leaks in larger amounts is done via helium leak testing. The concentration of the helium, which is utilized as a tracer gas, is monitored. The fundamentals of employing this leak testing technique should be covered in this helium leak guide.  This factor is expected to drive the Helium market growth.

Helium Market Share Analysis

With a market share of roughly 50%, North America produces the most helium. Middle East & Africa came in second with 40%. The main five manufacturers in the sector are Rasgas, Exxon, Air Product, Praxair, and Air Liquide; their combined market shares were over 65%.

Helium Market Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Helium Market Segment by Type

• Liquid Helium
• Gaseous Helium

Helium Market Segment by Application

• Cryogenics
• Aerostatics
• Semiconductor & Fiber Optics
• Leak Detection & Gas Chromatography
• Welding
• Others

Key Companies

• Rasgas (Qa)
• Exxon (Us)
• Linde (Us, Au)
• Air Product (Us)
• Praxair (Us)
• Air Liquide (Dz)
• Gazprom (Ru)
• PGNiG (Pl)

Production By Region

• North America
• Europe
• China
• Middle East & Africa

Consumption By Region

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia
• Taiwan
• Indonesia
• Thailand
• Malaysia
• Philippines
• Vietnam
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• U.A.E

Scope of Helium Market Report