The global gaseous and liquid helium market serves various end-use industries including healthcare, electronics, aerospace, nuclear energy, research and others. Gaseous and liquid helium finds wide applications in various diagnostic and therapeutic procedures in healthcare sector. It is used in NMR spectroscopy and MRI machines to produce strong magnetic fields essential for quality medical imaging. In electronics industry, helium is used for purging, pressurizing and cooling during manufacturing of semiconductors. The aerospace industry utilizes helium for various applications such as pressurizing fuel tanks, purging liquid propellant lines and as the lifting gas in airships and balloons. Rising demand from these industries is expected to drive growth of the market over the forecast period.

The global gaseous and liquid helium market is estimated to be valued at US$ 7.05 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Increasing demand from various industries is one of the major drivers fueling growth of the gaseous and liquid helium market. Helium finds wide range of applications across healthcare, electronics, aerospace and other industries. Growth in these end-use industries is directly influencing demand for helium over the forecast period. Additionally, helium is a non-renewable resource with limited reserves primarily located in the United States, Qatar and Algeria. Rising consumption coupled with finite supply is projected to drive its prices upward over the coming years.

SWOT Analysis

Strength: Helium is used extensively in applications such as MRI scanners, semiconductors manufacturing and airships where replacement is difficult. It provides operational advantages such as lower temperature and inert properties. The market has limited domestic producers and long term contractual agreements ensure supply stability.

Weakness: Helium is a finite and non-renewable natural resource. Nearly all reserves are located in the United States, Qatar, and Algeria. Exploration and production activities are capital intensive with long lead times. Recycling rates are low due to its light molecular weight.

Opportunity: Growing healthcare infrastructure in developing nations increases demand for medical-grade helium for MRI and CT scanners. The development of fusion power reactors will require huge volumes of helium for cooling over sustained high temperatures. Emerging technologies such as quantum computing offer new avenues.

Threats: Geopolitical tensions could disrupt supply chains if major reserves come under government control of unstable regions. recycling rates remain low threatening future supplies. Technological advances may find substitutes for niche applications currently reliant on helium.

Key Takeaways

The global Gaseous and Liquid Helium market size is expected to witness high growth over the forecast period. The global gaseous and liquid helium market is estimated to be valued at US$ 7.05 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030.

Regional analysis: North America dominates currently due to the presence of major reserves in the United States. Asia Pacific is expected to grow at the fastest pace owing to increased investment in healthcare and industrial infrastructure. China, Japan, and India are among the key consumers.

Key players: Key players operating in the Gaseous and Liquid Helium market are ThermoFisher Scientific, Linde, Air Liquid, Messer Group, Matheson Tri-Gas, and Air Products. ThermoFisher Scientific leads with a significant market share supported by its medical-grade purification capabilities and global supply chain.

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