The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global helium market is set for a substantial growth spurt, escalating from $4.45 billion in 2022 to $5.03 billion in 2023, exhibiting a remarkable compound annual growth rate (CAGR) of 12.9%. This growth momentum is projected to continue, culminating in a market size of $6.48 billion in 2027, propelled by a steady CAGR of 6.6%.

Healing with Helium: Healthcare Industry’s Vital Role

1. A Beacon in Healthcare: The key driver for the helium market’s growth is the burgeoning demand from the healthcare industry.
2. Inert Marvel: Helium’s unique properties, such as inertness, non-reactivity with other elements, noncorrosiveness, and non-flammability, make it indispensable in various disease diagnosis equipment.
3. Medical Marvels: The healthcare industry extensively uses helium in disease diagnosis equipment, including magnetic resonance imaging (MRI) apparatus. Helium’s role in regulating powerful magnets within MRI machines is crucial for monitoring conditions in the abdominal, chest, and pelvic areas, contributing significantly to advancements in medical diagnostics.

Market Titans: Key Players Shaping the Landscape

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

Ballooning Supply Challenges: Seeking Alternatives

1. Supply Source Decline: The dwindling supply sources, particularly the US Bureau of Land Management’s (BLM) system, have triggered a quest for alternative helium sources.
2. Non-Hydrocarbon Helium Production: Industrial gas companies and distributors are exploring new avenues, including the production of helium from non-hydrocarbon sources. This process involves producing and selling helium as a primary or significant revenue stream.
3. Non-Hydrocarbon as an Alternative: With traditional helium sources facing a decline, non-hydrocarbon sources emerge as viable alternatives. For instance, gas fields with helium content lower than 0.6% could be developed for the production and sale of helium as a secondary product.
4. Industry Insights: At the Global Helium Summit, IACX Energy’s CEO, Rex Canon, emphasized the suitability of non-hydrocarbon sources due to the decline of BLM supplies, positioning them as a pragmatic alternative to traditional sources derived from LNG flash gas and NRU off-gas.

Comprehensive Market Segmentation

The global helium market unfolds through a comprehensive segmentation strategy, providing nuanced insights into various facets of the market:

1. By Type:
   • Liquid Helium
   • Gaseous Helium
2. By Application:
   • Breathing Mixes
   • Cryogenics
   • Leak Detection
   • Pressurizing and Purging
   • Welding
   • Controlled Atmosphere
   • Other Applications
3. By End User:
   • Aerospace and Aircraft
   • Electronics and Semiconductors
   • Nuclear Power
   • Healthcare
   • Welding and Metal Fabrication
   • Other End-User Industries

Asia-Pacific Soaring High: Regional Dominance

In 2022, Asia-Pacific emerged as the largest region in the helium market, showcasing its dominance and influence in shaping the market landscape.

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https://www.thebusinessresearchcompany.com/report/helium-global-market-report

The Helium Global Market Report 2023 provides an overviewof the helium market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The helium market forecast analyzes heliummarket size, helium market share,leading competitor and their market positions.

The Table Of Content For The Helium Market Include:
1. Helium Market Executive Summary
2. Helium Market Segments
3. Helium Market Size And Helium Market Growth Rate
4. Key Helium Market Trends
5. Major Helium Market Drivers
……
25. Key Mergers And Acquisitions In The Helium Market
26. Top Helium Companies
27. Helium Market Opportunities And Strategies
28. Helium Market, Conclusions And Recommendations
29. Appendix

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