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The Business Research Company offers the helium market research report 2022 with industry size, share, segments and market growth

the growing demand from the healthcare industry are expected to drive innovation in helium manufacturing, thus driving the market during the forecast period.

The global helium market is expected to grow from $4.45 billion in 2022 to $5.03 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%. The global helium market size is expected to grow from $6.48 billion in 2027 at a CAGR of 6.6%.

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Global Helium Market Segments Include:

• By Type: Liquid Helium, Gaseous Helium
• By Application: Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding,Controlled Atmosphere, Other Applications
• By End User: Aerospace and Aircraft, Electronics and Semiconductors, Nuclear Power, Healthcare, Welding and Metal Fabrication, Other End-User Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global helium market in 2021.

Major Market Players in the helium market include Airgas, Air Liquid, Linde, Messer Group, Air Products, Gazprom, Gulf Cryo, Matheson Tri-Gas, Exxon, Praxair, and Buzwair.

The decline of existing helium supply sources, particularly in the US Bureau of Land Management’s (BLM) system, is causing industrial gas companies and distributors to seek new sources of helium supply, such as the production of helium from non-hydrocarbon sources. Helium production from non-hydrocarbon sources is a process where helium is produced and sold as either the only revenue stream or one of the key revenue streams. For example, at the Global Helium Summit, Rex Canon, IACX Energy’s CEO, pointed out that “If there were another non-hydrocarbon gas present that could be produced and sold as a commercial product, such as carbon dioxide, gas fields with helium content lower than 0.6% could have been developed for the production and sale of helium as a secondary product.” He also mentioned that due to the decline of the BLM supplies, non-hydrocarbon sources of helium were a good alternative to the traditional sources from LNG flash gas and NRU off-gas.

The Helium Global Market Report 2023  provides a helium market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The helium market forecast analyzes helium market size, helium market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Helium is a chemical element also known as Nobel gas (inert gas), which is available in natural gas form and can be converted into liquid form by lowering the temperature to below-270 degrees. Helium is an odorless, tasteless, colorless, inert, non-toxic monatomic gas that uses the lowest boiling and melting points.

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