[Latest insights] Helium Market is estimated is estimated to be US$ 9754.86 million by 2030 with a CAGR of 4.6% during the forecast period-BY PMI

Prophecy Market Insights latest research report on the In Helium Market provides a comprehensive analysis of the current market scenario, growth opportunities, challenges, and emerging trends. The report offers insights into the market’s size and share, key market players, distribution channels, and consumer preferences. It also examines the impact of the COVID-19 pandemic on the market and provides a detailed analysis of the competitive landscape, including strategic alliances, mergers, and acquisitions.

Covina, Sept. 13, 2023 (GLOBE NEWSWIRE) — What is Helium?

Helium is the second-most abundant element in universe and primarily trapped in subsurface natural gas bunkers and is commercially recovered using a fractional distillation process. Helium is unreactive and used for providing an inert protective atmosphere for semiconductors, fiber optics and arc welding. Use of helium in detecting leakages in air-conditioning systems is likely to propel market growth.

Growing use of helium in semiconductor and electronics industries has driven the market growth. Wide use of helium in healthcare industries for MRI (magnetic resonance imaging) systems and for breathing observation has fruitful the demand for market growth. Further, rising use of helium in treating asthma, emphysema and other conditions and applications in defense & aerospace sectors is expected to drive the demand for Helium Market growth.

Key Highlights:

  • In June 2023, the Irkutsk Oil Company (INC) launched a helium plant at Irkutsk region, Yarakta Oil and Gas condensate field in trial mode. The new launched plant has become has become second and largest in Russia and operating in application mode with capacity of 10 million liters per year.

Analyst View:
Wide use of helium in manufacturing or use in laser pointers, cryogenics, cardiopulmonary resuscitation pumps, superconductivity, liquid fuel rockets and monitoring blimps has powered the demand for Helium Market growth. Presence of major players and growing market consolidation activities is likely to propel Helium Market growth.

Attributes Details
Helium Market Value (2020) US$ 6218.14Bn
Helium Market Projected Value (2030) 9754.86Bn
Helium Market CAGR (2020 – 2030) 4.6%


  • North America – U.S., Canada
  • Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
  • Latin America – Brazil, Mexico, Argentina, Rest of Latin America
  • Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Order free Sample Copy of the Report:


Key Developments in the Helium Market:

  • Supply Challenges: One of the significant developments in the helium market was the ongoing supply challenges. Helium is a finite resource, primarily extracted from natural gas fields, and there have been concerns about dwindling helium reserves. This has led to efforts to find new sources of helium, such as helium-rich natural gas fields.
  • Increased Demand: Helium has a wide range of industrial and scientific applications, including in cooling for medical equipment, semiconductors, and aerospace. There was an increasing demand for helium, particularly in emerging markets, which put pressure on the supply chain.
  • Market Consolidation: The helium market was characterized by a few major suppliers dominating the industry. Some mergers and acquisitions occurred, which further consolidated the market.

Impact of COVID-19 on the Helium Market:

  • Short-Term Disruptions:

The pandemic caused temporary disruptions in the helium supply chain due to lockdowns, reduced production, and transportation challenges. This led to supply shortages in some regions.

  • Long-Term Implications:

The economic impact of the pandemic affected various industries, including those reliant on helium. Reduced industrial activity in certain sectors, such as aerospace and manufacturing, led to decreased demand for helium.

Request Free Pdf copy of the report:


Competitive Analysis:

The key players operating the Helium market,

  • Involves Kao Chemicals GmbH
  • Enaspol GmbH
  • SC Johnson Inc.
  • Stepan Company
  • Taiwan NJC corporation
  • Lonza Inc
  • Vicchem Pvt. Ltd.
  • Spectrum Chemical Manufacturing Corp.
  • Bonnyman Son & Company Ltd.

Questions answered in this report:

  1. What are the key market trends and market dynamics?
  2. Who are the major players in the market and what is their market share?
  3. What are the major drivers and restraints affecting the market?
  4. What are the growth opportunities in the market?
  5. What are the regional and local market conditions and consumer behavior?
  6. What is the market size and growth forecast for different regions and countries?
  7. What is the impact of government regulations and policies on the market?

Request Customization:


Browse Other Related Research Reports from Prophecy Market Insights:

Ammonium Metavanadate Market Trends, Analysis and Forecast till 2029
Phosphorus-based Flame Retardant Market Trends, Analysis and Forecast till 2029
Waterborne Intumescent Coatings Market Trends, Analysis and Forecast till 2029

About Prophecy Market Insights:

Prophecy Market Insights is a leading provider of market research services, offering insightful and actionable reports to clients across various industries. With a team of experienced analysts and researchers, Prophecy Market Insights provides accurate and reliable market intelligence, helping businesses make informed decisions and stay ahead of the competition. The company’s research reports cover a wide range of topics, including industry trends, market size, growth opportunities, competitive landscape, and more. Prophecy Market Insights is committed to delivering high-quality research services that help clients achieve their strategic goals and objectives.

Blog: www.prophecyjournals.com

Follow us on:

LinkedIn | Twitter | Facebook |YouTube

CONTACT: Shweta R Prophecy Market Insights U.S.: +1 860 531 2574 APAC: +917775049802 Email- sales@prophecymarketinsights.com Web: www.prophecymarketinsights.com 

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More