Gaseous Helium Market Share Evolution and Market Growth Trends 2024 - 2031
Executive Summary
The Executive Summary of the Gaseous Helium market research reports reveals a robust market outlook with an expected CAGR of % during the forecasted period. The market is driven by the increasing demand for helium in various industries such as healthcare, electronics, aerospace, and energy.
Market trends indicate a growing focus on helium recycling and conservation efforts due to the limited availability of this precious gas. This trend is expected to drive market growth as companies look for sustainable solutions to meet their helium needs.
Geographically, the North America region dominates the global gaseous helium market with a significant share due to its strong presence of helium suppliers and end-use industries. The European market follows closely behind, driven by the increasing demand for helium in healthcare and aerospace sectors.
The Asia-Pacific region, especially China, is emerging as a lucrative market for gaseous helium due to the growing industrialization and expanding healthcare sector. The market in the USA is also witnessing steady growth owing to the presence of a strong healthcare and electronics industry.
In conclusion, the gaseous helium market is poised for significant growth in the coming years, driven by the increasing demand for helium in various end-use industries and the focus on helium conservation and recycling. The market's geographical spread in regions like North America, Europe, Asia-Pacific, the USA, and China underscores the global importance and potential of the gaseous helium market.
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Market Segmentation:
This Gaseous Helium Market is further classified into Overview, Deployment, Application, and Region.
In terms of Components, Gaseous Helium Market is segmented into:
- Air Liquide SA
- Air Products & Chemicals, Inc.
- Airgas
- Buzwair
- Exxon Mobil Corporation
- Gazprom
- Gulf Cryo
- Iwatani Corporation
- Linde AG
- Messer Group GmbH
- PGNiG (PL)
- Praxair Inc.
- Somatrach
- Weil Group Resources, LLC
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The Gaseous Helium Market Analysis by types is segmented into:
- Industrial-Grade Helium
- Grade A
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The Gaseous Helium Market Industry Research by Application is segmented into:
- Cryogenics
- Aerostatics
- Pressurizing and Purging
- Leak Detection
- Welding
- Others
In terms of Region, the Gaseous Helium Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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Key Drivers and Barriers in the Gaseous Helium Market
Key drivers in the gaseous helium market include an increase in demand for helium in various industries such as healthcare, electronics, and aerospace due to its unique properties. Additionally, the expanding applications of helium in energy storage and refrigeration further drive the market growth. However, barriers to the market include the limited availability of helium reserves and increasing prices due to supply-demand imbalance.
Challenges faced in the market include fluctuating prices of helium due to supply constraints, volatile geopolitical factors impacting helium production and distribution, and environmental concerns regarding helium extraction. Additionally, the lack of recycling options for helium further adds to the challenges faced in the market.
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Competitive Landscape
Air Liquide SA is one of the prominent players in the gaseous helium market. It is a French multinational company that supplies industrial gases and services to various industries globally. With a history dating back to 1902, Air Liquide has established itself as a leader in the gas market with a strong focus on innovation and sustainability. The company has experienced steady market growth over the years, thanks to its extensive product portfolio and strong customer base.
Praxair Inc. is another key player in the gaseous helium market. It is an American industrial gases company that was founded in 1907. Praxair has a strong presence in the global helium market with a focus on providing high-quality gases and services to its customers. The company has shown consistent growth and has expanded its market share over the years through strategic acquisitions and partnerships.
In terms of market size, the gaseous helium market is expected to reach a value of over $ billion by 2025, driven by the increasing demand for helium in various industries such as healthcare, electronics, and aerospace. The market is highly competitive with several players vying for market share and revenue.
Sales revenue for some of the key players in the gaseous helium market includes Air Liquide SA with revenue of over $22 billion, Air Products & Chemicals, Inc. with revenue of $8.9 billion, and Praxair Inc. with revenue of $11 billion. These companies continue to invest in research and development to innovate their product offerings and stay competitive in the market.
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