High Purity Industrial Helium Gases Market Size, Share, Growth, and Industry Analysis by Type (99.99%-99.995% Purity and 99.999%-99.9999% Purity) By Application (Cryogenics, Aerostatics, Semiconductor & Fiber Optics, Leak Detection & Gas Chromatography, Welding, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

High Purity Industrial Helium Gases Market REPORT OVERVIEW

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global high purity industrial helium gases market size was USD 1977.5 million in 2022  and market is projected to touch 4977.16 Million by 2031, exhibiting a CAGR of 10.8 % during the forecast period.

Helium is a highly inset gas. The gas is naturally found in limited quantities. The gas is usually odorless, colorless, non-flammable, and non-toxic. The gas is also used in special transportation and storage equipment is required for minimizing losses of product.

Growing demand for helium in several industrial and commercial applications and growing investments in R&D activities is estimated to fuel market growth. Rise in popularity of helium as a carrier gas in analytical technique and chromatography is anticipated to boost market demand over the estimated period. Rapid technology advancement and increased of helium in semiconductor manufacturing process is anticipated to likely to boost market growth. Increased demand from several end-users such as aerospace, electronics, and medical. The gas has been purified to a very high degree. The important feature of the helium gases is that extensively used in scientific applications and industrial usage. The gases have low boiling point which makes it ideal for pressurized environments, and it has high thermal conductivity which makes it suitable for cryogenics. The gas is used in wielding and the gas is safe for industrial use. Further, increased demand from telecommunication and information technology is anticipated to boost gas consumption in the coming years. On the contrary, higher cost of the gas because of limited availability is anticipated to harm market growth in the coming years.

COVID-19 Impact: Lower Demand for Industrial Usage Helium Gases to Reduce Market Progress

The closure of several end-user sector and lack of industrial activities to hamper market growth. Lower demand for industrial usage helium gases reduce market progress. The market witnessed supply and chain disruption. Further, lower production activities to halt market progress.  

LATEST TRENDS

"Increased Adoption of Helium Bottled Gas to Fuel Market Progress"

The growing adoption of helium bottled gas in several applications is anticipated to drive market growth. The bottled gas is a mixture of artificial or natural gas which is supplied and stored to customers in the form of a liquid under high pressure. The gas is typical used as an alternative to expensive Helium-3 cryogenic liquid. Huge demand from helium gases in semiconductor manufacturing units is anticipated to drive market progress. Growing industrialization and increased spending capacity is predicted to fuel market growth in the forthcoming years.

High Purity Industrial Helium Gases Market SEGMENTATION

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• By Type

Based on type, the market is divided into 99.99%-99.995% purity and 99.999%-99.9999% purity.

99.99%-99.995% purity is expected to be the top part of type segmentation.

• By Application

Based on the application, the market is divided into cryogenics, aerostatics, semiconductor & fiber optics, leak detection & gas chromatography, welding, and others.

Semiconductor & fiber optics are expected to be the top part of application segmentation.

DRIVING FACTORS

"Huge Adoption of On-Site Gas to Accelerate Market Progress"

The increased adoption of on-site gas as a carrier for the detection of other gases. The main purpose of the gas as it produces pure and more abundant HPIG. The gas is easy to transport and reduces overall cost of production is anticipated to fuel market growth. Growing demand for helium in several industrial and commercial applications and growing investments in R&D activities is estimated to fuel market growth. Rise in popularity of helium as a carrier gas in analytical technique and chromatography is anticipated to boost market demand over the estimated period. Rapid technology advancement and increased of helium in semiconductor manufacturing process is anticipated to likely to boost market growth.

"Several Applications of Gases to Foster Market Progress"

 Increased demand from several end-users such as aerospace, electronics, and medical. The gas has been purified to a very high degree. The important feature of the helium gases is that extensively used in scientific applications and industrial usage. The gases have low boiling point which makes it ideal for pressurized environments, and it has high thermal conductivity which makes it suitable for cryogenics. The gas is used in wielding and the gas is safe for industrial use. Further, increased demand from telecommunication and information technology is anticipated to boost gas consumption in the coming years.   

RESTRAINING FACTORS

"Higher Cost of the Gas because of Limited Availability to Hamper Market Growth"

Higher cost of the gas because of limited availability is anticipated to harm market growth in the coming years.

High Purity Industrial Helium Gases Market REGIONAL INSIGHTS

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"Growing Popularity of Helium Gas in Industrial Application in Asia Pacific to Fuel Market Growth "

Asia Pacific is anticipated to account for the largest high purity industrial helium gases market share owing to rise in popularity of helium as a carrier gas in analytical technique and chromatography is anticipated to boost market demand over the estimated period. Rapid technology advancement and increased of helium in semiconductor manufacturing process is anticipated to likely to boost market growth. Increased demand from several end-users such as aerospace, electronics, and medical. The gas has been purified to a very high degree. The important feature of the helium gases is that extensively used in scientific applications and industrial usage. The gases have low boiling point which makes it ideal for pressurized environments, and it has high thermal conductivity which makes it suitable for cryogenics. The gas is used in wielding and the gas is safe for industrial use. Further, increased demand from telecommunication and information technology is anticipated to boost gas consumption in the coming years.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Qatargas (Qa) (Qatar)
• Exxon (Us) (U.S)
• Linde (Us, Au)
• Air Product (Us)
• Air Liquide (Dz)
• Gazprom (Ru)
• PGNiG (Pl)
• Taiyo Nippon Sanso (Japan)
• Messer (Germany)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.