Super-Fluid Helium Market Summary
According to the new market research report “Global Super-Fluid Helium Market Report 2023-2029”, published by QYResearch, the global Super-Fluid Helium market size is projected to reach USD 3.97 billion by 2029, at a CAGR of 10.6% during the forecast period.
- Global Super-Fluid Helium MarketSize(US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Super-Fluid Helium Market Report 2023-2029.
Market Drivers:
The industrial demand for helium continues to grow steadily. Its applications in sectors such as aerospace, healthcare, electronics, and energy contribute to its increasing demand. The rise in the prevalence of advanced technologies and the expansion of the global market drive the need for helium in various manufacturing and research processes.
In the aerospace industry, helium is crucial for filling airships and providing buoyancy for balloons used in scientific research, weather monitoring, and telecommunications. The demand for helium in aerospace is expected to increase with the development of unmanned aerial vehicles (UAVs) and the exploration of near-space environments.
In the healthcare sector, helium is indispensable for MRI machines, which are widely used for diagnostic imaging. The growing prevalence of MRI scanners globally, coupled with the increasing demand for accurate medical imaging, fuels the need for helium. In addition, helium-oxygen mixtures are utilized in respiratory treatments, providing relief for patients with respiratory ailments and improving overall healthcare outcomes.
The electronics industry relies on helium for various applications. In semiconductor manufacturing, helium is used to cool and purge equipment, ensuring the integrity of electronic components and enhancing production efficiency. Helium's inert properties prevent contamination and minimize the risk of damage during fabrication processes. The demand for helium increases as the demand for advanced electronics, including integrated circuits and microprocessors, continues to rise.
Restraint:
Factor that negatively affected growth in the historic period was increasing costs and uneven supply and concentrated reserves. Factors that could hinder the growth of the helium market in the future include non-renewable in nature, rising interest rates, reduction in free trade, geo-political tensions, substitutes rising and coronavirus pandemic.
In the helium market, the supply side remains volatile and often falls short of demand. Only a handful of countries are producing helium at the moment, which is driving the uncertainty of helium supply and volatility. Algeria, Russia, Australia, Canada, and Poland are the other countries that complement the U.S. in supplying helium to the world, with the U.S. alone accounting for a 55% share in world supply.
Tech Giants Could Send Helium Prices Soaring As War For Supply Grows. It's a global issue that could soon disrupt every industry from technology to medicine and much more.
Opportunity:
Advancements in cryogenics, semiconductors, and nuclear energy have expanded the applications and demand for helium. Cryogenic technologies have led to the use of helium as a cooling agent for superconducting materials and devices such as MRI machines and particle accelerators. In semiconductor manufacturing, helium is used for cooling systems and testing electronic components. Samsung's investment in semiconductor research emphasizes the use of helium in their upcoming facility. Helium is also used as a coolant in certain nuclear reactors, which have improved safety and efficiency. Technological progress in these fields has increased the demand for helium as a crucial resource.
- Global Super-Fluid Helium Top9Players Ranking and Market Share（Continually updated）
Based on or includes research from QYResearch: Global Super-Fluid Helium Market Report 2023-2029.
According to QYResearch Top Players Research Center, the global key manufacturers of Super-Fluid Helium include Qatargas, Linde, etc. In 2022, the global top three players had a share approximately 70.0% in terms of revenue.
- Super-Fluid Helium,Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Super-Fluid Helium Market Report 2023-2029.
In terms of product type, currently Gaseous Helium is the largest segment, hold a share of 56.6%.
- Super-Fluid Helium,Global Market Size, Split by ApplicationSegment
Based on or includes research from QYResearch: Global Super-Fluid Helium Market Report 2023-2029.
In terms of product application, currently Cryogenics is the largest segment, hold a share of 31.6%.
- Super-Fluid Helium,Global Market Size, Split by Region
Based on or includes research from QYResearch: Global Super-Fluid Helium Market Report 2023-2029.
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