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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Helium Market Growth
As per the helium market forecast, helium is also used widely to advertise on blimps for different companies. Other lifting gas applications are being developed by defence forces to detect low-flying cruise missiles. Military submarine detectors employ liquid helium to clean up noisy signals. It is reported that the U.S. Air Force employs helium in experiments on superconductors as a power source. The Drug Enforcement Agency is reported to employ radar-equipped blimps to detect drug smugglers along the borders of the United States. NASA is reported to use helium-filled balloons to sample the atmosphere in Antarctica to identify the causes of depletion of the ozone layer. This will likely increase the global helium market size.
Helium Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global helium market attained a volume of 6,734 MMCF.
The global helium market is projected to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 9,257.87 MMCF by 2032.
The major drivers of the market include the development of efficient storage and transport methods for gases, heavy investments in R&D, advancements in electronic industry, growing population, and increased income.
The increasing consumption of helium in the electronics and semiconductor industry and the growing usage in the healthcare industry are the key trends propelling the market's growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on phase, the market is segmented into liquid and gas.
The major applications of the market are breathing mixes, cryogenics, leak detection, pressurising and purging, welding, and controlled atmosphere, among others.
The end users of the market are aerospace and aircraft, electronics and semiconductors, nuclear power, healthcare, welding and metal fabrication, among others.
The major players in the market are Air Liquide, Air Products and Chemicals Inc., Exxon Mobil Corporation, Gazprom, Gulf Cryo, Iwatani Corporation, Linde PLC, TOTAL HELIUM LTD, Messer SE & Co. KGaA, Acail Group, Taiyo Nippon Sanso Corporation, and HeliumOne, among others.
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