Helium is an odorless, non-corrosive, colorless, non-toxic, and non-combustible gas mainly produced or sourced from natural gas wells, it also occurs naturally in air, in highly minute concentrations, by its release during the radioactive decay of uranium, and it is the second lightest and the abundant element in the observable universe, constituting about 24% of the total elemental mass. According to BlueQuark Research & Consulting, the global Superhydrophobic Coating market is expected to witness a significant growth rate during the forecasted period. Factors such as the growing demand for helium in the healthcare industry for MRI purposes are expected to drive the global Helium market in the forecasted period. Further, the rising consumption of helium in the electronics and semiconductor industry is expected to drive the global Helium demand in the forecasted period. Furthermore, the development of efficient storage and transport methods for gases is anticipated to provide numerous opportunities for the helium market over the forecasted period. However, the overprice of the extraction process, and the strict government regulations concerning helium use are predicted to obstruct the growth of the global Helium market in the forecasted period.

Helium finds application in breathing mixes, leak detection, welding, pressurizing and purging, cryogenics, controlled atmosphere, etc. The chemical has many end-use industries like aerospace, electronics, semiconductors, nuclear power, healthcare, welding, metal fabrication, etc.

Helium has a wide range of usage in the healthcare sector. It can extend a temperature of -269° C, making liquid helium the best choice for cooling the magnets of magnetic resonance imaging machines. Helium is also being utilized for breathing observation. It is a critical component in treating asthma, emphysema, and other conditions that affect breathing. The gas is usually worn to treat lung diseases. Oxygen and helium are used together to treat acute and chronic forms of respiratory ailments, as the combination attains the lungs faster than all the others. There is no replacement for helium in cryogenic helium applications. Helium is employed in various medical applications, including adjunct therapy for asthma exacerbation, ARDS, croup, COPD, and bronchiolitis. Helium is used to manage powerful magnets in magnetic resonance imaging (MRI) gear, which is beneficial for monitoring various disorders within the chest, stomach, and pelvis and pregnancy diagnoses. The need for helium in the healthcare sector is expanding due to the surged demand for MRI scans. MRI is increasingly utilized in neurology along with cancer screening. Liquid helium can reach a -269° C temperature, making it the ideal choice for cooling MRI magnets. In addition, helium is used to monitor breathing. It is a critical component in treating emphysema, asthma, and other breathing disorders. Generally, the gas is used to treat lung illnesses. The mixture of oxygen and helium is worn to treat acute and chronic respiratory diseases due to it enters the lungs faster than any other gas. In cryogenic helium applications, there is no alternative for helium. As an outcome, there is a surge in the need for helium in the healthcare industry.

North America accounted for the outstanding share of the market, with the United States alone consuming 30% of the global market, followed by Asia Pacific and Europe. However, Asia-Pacific is expected to register the highest CAGR through the forecast period. Major factors propelling the market are the increasing consumption of helium in the electronics and semiconductor industry and the rising usage in the healthcare industry. The high need for helium as a super coolant for cryogenic applications in Magnet Resonance Imaging, Large Hadron Collider, Superconducting Magnetic Energy Storage, Nuclear Magnet Resonance spectroscopy, etc. is one of the significant propelling factors of the market. Owing to its lightweight property, helium is highly needed as a lifting agent in meteorological balloons, airships, and blimps. Other market driving factors include the increasing usage of helium as plasma arc welding and shielding gas in arc welding, as a purging gas in the aerospace sector, and as a leak detector in rockets, gas lines, fuel tanks, etc. The semiconductor & electronics sector is a significant consumer of helium, and increasing sales of electronics and technological advancements in fiber optics manufacturing are further fueling the market growth. High demand is attributable to the development of helium and is expected to be driven by demand from electronics producers in Asia. Semiconductor, flat-panel display, and optical fiber manufacturing are all significant consumers of helium in Asian markets. The rising investments in research and development for helium-based devices are a key trend affecting the global helium market. There is continuing research to employ supercooled helium for enhanced global positioning systems (GPS) in submarines and airplanes. The study sponsored by the National Aeronautics and Space Administration and the National Science Foundation is predicted to work upon helium-4, cooled to nearly the absolute zero temperature, thereby rendering helium to become a frictionless fluid and developing an ability to produce auditory sensations. The research aims to envisage the usage of this property in making sensitive gyroscopes for better navigation in submarines and airplanes.

Some of the market's key players are Air Products and Chemicals Inc., Air Liquide S.A., Linde Plc, Matheson Tri-Gas Inc., Exxon Mobil Corporation, and PJSC Gazprom.

In January 2022, Air Liquide announced a long-term agreement to supply ultra-high purity hydrogen, carbon dioxide, and helium to one of the world's largest semiconductor producers. Air Liquide plans to invest about 60 million U.S. dollars to build, own and operate onsite plants and systems at a new producing site in Phoenix, Arizona, supporting this new agreement.

In December 2021, Air Liquide entered into a long-term agreement with Laurentis Energy Partners, a leader in the clean-energy industry, to manufacture and distribute helium-3 (3He).

In October 2021, Renerger announced the completion of a forward sale agreement for 100,000 units of helium in a 19-year agreement to Argonon Helium U.S. Inc.

Our Global Helium Market report delves into the current and future state of the helium market across various regions. Also, the study comprehensively analyzes the helium market by segmenting based on geography and by phase (Gas and Liquid), by application (Cryogenics, Aerostatics, Welding, Pressurizing & Purging, Leak Detection & Gas Chromatography, Semiconductor & Fiber Optics, and Others (Breathing Mixtures, Lasers & Lightening, etc.) and by end-user industry (Electronics, Aerospace, Healthcare, Automotive, Welding & Metal Fabrication and Others (Nuclear Power, Chemical, etc.)). The report examines the market drivers and restraints that influence growth in detail. The study also covers emerging market trends, developments, opportunities, and challenges in the industry. This report also covers an extensively researched competitive landscape section with major companies' profiles, market shares, and projects.