Dublin, Aug. 14, 2023 (GLOBE NEWSWIRE) -- The "Helium: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Helium estimated at US$2.3 Billion in the year 2022, is projected to reach a revised size of US$3.4 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030.
Gas, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$2.4 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Liquid segment is readjusted to a revised 4.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $627.6 Million, While China is Forecast to Grow at 6.7% CAGR
The Helium market in the U.S. is estimated at US$627.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$504.6 Million by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Select Competitors (Total 30 Featured) -
- Air Liquide S.A
- Air Products and Chemicals, Inc
- Axcel Gases
- Ellenbarrie Industrial Gases Ltd
- Exxon Mobil Corporation
- Iwatani Corporation
- Linde Plc
- Matheson Tri-Gas, Inc
- The Messer Group GmbH
- North American Helium
- Polish Oil and Gas Company
- Qatargas Operating Company Limited
- Taiyo Nippon Sanso Corporation
- The Southern Gas Limited
- US Gas
- Weil Group
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 401 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.3 Billion |
| Forecasted Market Value (USD) by 2030 | $3.4 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Impact of COVID-19 and a Looming Global Recession: Adverse Implications for Global Helium Market
- Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
- World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
- Industrial Activity Remains Subdued in the Immediate Term: Stringent Regulations & Price Volatility Hinder Expansion of Helium Market
- An Introduction to Helium: Intriguing Element with Plethora of Applications
- Production & Manufacturing
- Global Helium Reserves (2019): Breakdown of Reserves (in Million Cubic Feet) for Select Countries
- Global Helium Production in Million Cubic Feet by Select Countries (2019)
- US Helium Market (2015, 2017 & 2019): Percentage Breakdown of Source by Extracted from Natural Gas and Withdrawn from Storage
- Primary Applications of Helium
- Rising Demand from End-Use Industries to Help Helium Market Scale New Heights in Long Term: Overview and Outlook
- World Helium Market by Application (2020 & 2027): Percentage Breakdown of Sales for Cryogenics, Welding, Laboratory, Lifting Balloons, Fiber Optics, Pressurizing & Purging, Leak Detection, Breathing Mixtures, and Other Applications
- Healthcare Occupies Larger Addressable Share of Helium Market
- Rising Natural Gas Output to Buoy Helium Market
- Gaseous Helium Segment Dominates Global Helium Market
- World Helium Market by Type (2020 & 2027): Percentage Breakdown of Sales for Gas, and Liquid
- Asia and North America Enjoy Commanding Presence in Global Helium Market
- World Helium Market (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
- World Helium Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
- Competitive Scenario
- Recent Market Activity
- Select Global Brands
- Helium - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Widespread Utility of Helium in Cryogenics Augments Market Prospects
- Evolving Role of Cryogenics in Space Systems Bodes Well
- Helium for Effective Operation of MRI Machines
- Welding: An Established Application
- Relevance of Welding in Numerous Processes Augurs Well
- Global Welding Machinery and Consumables Market by End-Use Sector (2019): Percentage Breakdown of Value Sales for Automotive, Energy, Infrastructure/Construction, Shipbuilding and Others
- World Gas Welding and Cutting Machinery Market by End-Use Segment (2019): Percentage Breakdown of Value Sales for Automotive, HVAC, Maintenance & Repair and Others
- World Resistance Welding Machinery Market by End-Use Segment (2019): Percentage Breakdown of Value Sales for Appliances, Automotive, Construction and Others
- Lifting Balloons: Another Established Application
- Opportunities in Breathing Mixtures Market
- Relevance of Helium in Fiber Optics Manufacturing
- Rising Use in Defense & Military Applications
- Helium Continues to Gain Traction in Pressurizing & Purging Applications
- Leak Testing Made Easier with Helium
- Critical Role in Semiconductor Manufacturing Underpins Future Growth
- Slowdown in Electronics Industry Hampers Immediate Prospects
- Measuring the Impact of COVID-19 on the Semiconductor Industry in Terms of Disruption & Time to Recovery (In Months) as of August 2020
- Percentage Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
- Falling Consumer Confidence Impacts Sales of Automotive and Consumer Electronics
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/u81yyn
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