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2021
Helium Market

Helium Market by Phase (Liquid and Gas), Application (Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding, Controlled Atmosphere and Others) and End use (Aerospace and Aircraft, Electronics and Semiconductors, Nuclear Power, Healthcare, Welding and Metal Fabrication and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

A13665
Pages: NA
Dec 2021 | 115 Views
   
Author(s) : Eswara Prasad
Tables: NA
Charts: NA
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COVID-19

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Helium Market Outlook 2030

Helium is the universe's second most abundant element. Helium accounts for around a quarter of the galaxy's elemental mass. It is primarily trapped in subsurface natural gas bunkers and commercially recovered using a fractional distillation process. Helium is disseminated either as a gas at room temperature or as a liquid at extremely low temperatures after achieving the appropriate purity. For small-scale customers, helium is normally supplied in unvented, pressurized containers drawn by trucks and tractors. Large-scale clients, on the other hand, receive helium through pipes from nearby processing plants. Helium has a wide range of applications in the medical field. Liquid helium can reach a temperature of -269° C, making it the ideal choice for cooling MRI magnets. In addition, helium is utilized to monitor breathing. It is a critical component in the treatment of emphysema, asthma, and other breathing disorders. Generally, the gas is utilized to treat lung illnesses. The mixture of oxygen and helium is used to treat acute and chronic respiratory illnesses because it enters the lungs faster than any other gas. In cryogenic helium applications, there is no substitute for helium. As a result, there is an increase in the need for helium in the healthcare industry.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

2020–2030

Base Year Considered

2020

Forecast Period

2021–2030

Forecast Unit

Value (USD) and Volume (Kilo Tons)

Segments Covered

Phase, Application, End user industry, and Region

Regions Covered

North America, Europe, Asia-Pacific, LAMEA

Companies Covered

Praxair Inc., Gulf Cryo, ir Products and Chemicals, Inc., Somatrach, Linde AG, Weil Group Resources, LLC, Iwatani Corporation, Airgas, Gazprom, Buzwair, Exxon Mobil Corporation, Air Liquide SA, Messer Group GmbH, PGNiG (PL).

 

COVID-19 Impact analysis

  • The aerospace industry suffered a serious blow as a result of the COVID-19 epidemic, which resulted in a recent contraction of the aerospace industry, negatively impacting the growth prospects of helium in aerospace applications.
  • The economic slowdown and lockdowns caused by the COVID-19 epidemic have harmed the growth of the electronics and semiconductor industries, and as a result, the worldwide helium market has suffered.
  • The COVID-19 outbreak has contributed to a rise in the healthcare industry, which has resulted in increased demand for helium.

Top Impacting Factors

The rise in need for helium in the healthcare industry is anticipated to boost market expansion. Helium is employed in a variety of medical applications, including adjunct therapy for asthma exacerbation, ARDS, croup, COPD, and bronchiolitis. Helium, for example, is used to manage powerful magnets in magnetic resonance imaging (MRI) gear, which is beneficial for monitoring various disorders within the stomach, chest, and pelvis, as well as pregnancy diagnosis. The demand for helium in the healthcare sector is expanding because of the increased need for MRI scans. MRI is increasingly used in neurology along with cancer screening. The market was hampered by stringent safety standards governing the manufacture and transportation of helium gas. When subjected to intense temperatures and pressures, these chemicals become toxic and dangerous. These rules raised the operational costs of enterprises in this industry, limiting the scope for investments in new product development and market expansion, and thus impacting the market growth.

Market Trends

  • Linde Group and Praxair, Inc. merged to form a new company. This combination is likely to further consolidate the market by establishing a global leader in sales as well as geographic reach. Praxair is well-known in Eastern Europe and the Middle East, while Linde is well-known in Europe and Asia. The combined business is likely to be a market leader in each of these four regions, leaving only few players to compete on a worldwide scale in the industrial gas industry.
  • For the Virginia Gas Project, Renergen raised around AUD 10 million. It has funded a feasibility study for the commercialization of the Virginia Gas project's probable sandstone deposit's high-concentration helium reserves.

Key Segments Covered

Phase

  • Liquid
  • Gas

Application

  • Breathing Mixes
  • Cryogenics
  • Leak Detection
  • Pressurizing and Purging
  • Welding
  • Controlled Atmosphere
  • Others

End Use

  • Aerospace and Aircraft
  • Electronics and Semiconductors
  • Nuclear Power
  • Healthcare
  • Welding and Metal Fabrication
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Benefits of the Report

  • This study presents the analytical depiction of the helium industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the helium market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the helium market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed helium market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the helium Report

  • Who are the leading market players active in the helium market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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