The global Gaseous and Liquid Helium Market is estimated to be valued at US$ 7.05 billion in 2023 and is expected to exhibit a CAGR of 22.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Gaseous and liquid helium are widely used in various industries and applications. Gaseous helium is used for cooling superconducting magnets in MRI machines, while liquid helium is essential for cryogenic research and applications, such as in cooling systems for nuclear magnetic resonance spectrometers and particle accelerators. It is also used in the production of semiconductors, fiber optics, and cryogenic medical devices. The increasing demand for helium in these industries is driving the growth of the global market.

Market Dynamics:
- Growing Demand: The increasing use of helium in various industries, such as healthcare, electronics, and energy, is driving the demand for gaseous and liquid helium. The healthcare industry, in particular, is witnessing a rise in the number of MRI installations, which require helium for cooling superconducting magnets.

- Advancements in Technology: Technological advancements, such as the development of advanced cooling systems and cryogenic applications, are driving the demand for gaseous and liquid helium. The growing research and development activities in the field of cryogenics are also contributing to the market growth.

SWOT Analysis:
- Strength: Growing demand for helium in various industries and applications.
- Strength: Technological advancements in cooling systems and cryogenic applications.
- Weakness: High cost of helium extraction and purification.
- Weakness: Limited supply of helium reserves.
- Opportunity: Increasing adoption of helium in emerging economies.
- Opportunity: Growing demand for helium in the energy sector.
- Threat: Volatility in helium prices due to supply-demand imbalances.
- Threat: Alternatives to helium in certain applications.

Key Takeaways:
In terms of market size, the global Gaseous And Liquid Helium Market Share is expected to witness high growth, exhibiting a CAGR of 22.9% over the forecast period, due to increasing demand in various industries such as healthcare, electronics, and energy.

In terms of regional analysis, North America is expected to dominate the global market, owing to the presence of key players and a well-established healthcare industry. Asia Pacific is expected to be the fastest-growing region, driven by the increasing adoption of helium in emerging economies such as China and India.

Key players operating in the global gaseous and liquid helium market are Air Products and Chemicals, Inc., Linde plc, Praxair, Inc. (now part of Linde), Air Liquide S.A., Gazprom, RasGas (now part of Qatar Petroleum), ExxonMobil Corporation, Matheson Tri-Gas, Inc., Iwatani Corporation, and Messer Group GmbH.

Overall, the gaseous and liquid helium market is poised for significant growth in the coming years, driven by the increasing demand for helium in various industries and advancements in technology. However, the market also faces challenges such as the high cost of helium extraction and limited supply of helium reserves.