Global Helium (Liquid Helium and Gaseous Helium) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Helium (Liquid Helium and Gaseous Helium) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Helium is a rare gas with the chemical formula of He. It is colorless, odorless, non-toxic, non-corrosive, and non-flammable. It is chemically inactive, and it is difficult to react with other substances under normal conditions. It mainly comes from natural gas wells. Although helium is the second most abundant element in the universe, after hydrogen, it is extremely rare and limited on Earth. In the atmosphere, the volume concentration of helium is only 0.0005%, so it cannot be obtained in large quantities by air separation.

Market Overview:

The latest research study on the global Helium (Liquid Helium and Gaseous Helium) market finds that the global Helium (Liquid Helium and Gaseous Helium) market reached a value of USD 5771.45 million in 2022. It’s expected that the market will achieve USD 7061.48 million by 2028, exhibiting a CAGR of 3.42% during the forecast period.

Since the outbreak of the Russian-Ukrainian conflict in 2022, the price of helium has risen rapidly. Russia has supplied inert gases to Japan and other countries in the past. In June 2022, Russia issued an order restricting the export of inert gases. The Russian government said that by the end of the year, it can only be exported with special permission from the state. The world has shown unprecedented concern about the supply of helium. The conflict is thought to have both short- and long-term effects on helium supplies. In the long run, political factors and sanctions against Russia could have immeasurable effects. This will leave many industries without access to helium supplied by Gazprom.

In terms of short-term impact, the export of helium depends on containers, and there are strict requirements for the packaging and transportation of helium. Due to Western sanctions against Russia, which have led to the suspension of services to Russian ports, there is currently no quick way to get these Russian-bound containers out of the country.

In addition, Russia recently cut off the Nord Stream 1 natural gas pipeline. While the initial temporary closure was for maintenance, it was later extended indefinitely. Russia is Germany's main source of natural gas. After that, it cut off gas supply to 13 European countries in Moscow. This has doubled the price of natural gas on the international market, which is the main raw material for the production of helium, so that the price of helium will fluctuate rapidly upwards and production will be affected.

Raw material price fluctuation

The price of natural gas has been rising recently. The price of natural gas futures in the United States hit a new low of $1.517 in 2020, but it has regained its upward trend since 2021. In 2022, due to the influence of the Russian-Ukrainian war, the price rose even higher. Many countries, from enterprises to consumers, have already felt the pressure of rising natural gas prices. It is mainly affected by the global economy, geopolitics, the rise of the US dollar, extreme weather, global energy transformation and other factors. As the main source of natural Gaseous Helium preparation, it brings great pressure to helium manufacturers.

Region Overview:

In 2021, the share of the Helium (Liquid Helium and Gaseous Helium) market in North America stood at 46.87%

Company Overview:

Linde is one of the major players operating in the Helium (Liquid Helium and Gaseous Helium) market, holding a share of 39.05% in 2022.

Segmentation Overview:

By type, Gas Helium segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Low Temperature Cold Source, with a market share of 30.10% in 2021.

Key Companies in the global Helium (Liquid Helium and Gaseous Helium) market covered in Chapter 3:

Linde
Exxon
Messer
Iwatani
Gazprom
Rasgas
Air Liquide
Taiyo Nippon Sanso
Pgnig
Air Products
Praxair

In Chapter 4 and Chapter 14.2, on the basis of types, the Helium (Liquid Helium and Gaseous Helium) market from 2018 to 2029 is primarily split into:

Liquid Helium
Gaseous Helium

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Helium (Liquid Helium and Gaseous Helium) market from 2018 to 2029 covers:

Low Temperature Cold Source
Aerospace
Electronic Semiconductor
Pipeline Leak Detection and Detection Analysis
Welding and Metal Processing
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)