What is Gaseous Helium - Global Market?
The Gaseous Helium - Global Market is a vast and dynamic sector that deals with the production, distribution, and application of helium in its gaseous state. Helium, a colorless, odorless, tasteless, non-toxic, inert, monatomic gas, is the first in the noble gas group in the periodic table. Its boiling and melting points are the lowest among the elements and it exists only as a gas except in extreme conditions. The global market for gaseous helium is driven by a variety of factors, including its unique physical and chemical properties, which make it indispensable in a wide range of applications.
Industrial-Grade Helium, Grade A in the Gaseous Helium - Global Market:
Industrial-Grade Helium, Grade A, is a specific category of gaseous helium that is used in a variety of industrial applications. This grade of helium is characterized by its high purity level, typically above 99.995%. It is used in a variety of applications, including as a cooling medium in nuclear reactors, as a gas for filling balloons and airships, and as a protective atmosphere for growing silicon and germanium crystals. The global market for Industrial-Grade Helium, Grade A, is driven by its wide range of applications, as well as the increasing demand for high-purity gases in various industries. However, the market also faces several challenges, including the high cost of helium and the logistical difficulties associated with its storage and transportation. Despite these challenges, the market for Industrial-Grade Helium, Grade A, is expected to continue to grow in the coming years, driven by the increasing demand for high-purity gases in various industries.
Cryogenics, Aerostatics, Pressurizing and Purging, Leak Detection, Welding, Others in the Gaseous Helium - Global Market:
Gaseous helium has a wide range of uses in various sectors, including cryogenics, aerostatics, pressurizing and purging, leak detection, welding, and others. In cryogenics, helium is used as a coolant due to its extremely low boiling point. In aerostatics, it is used to fill balloons and airships due to its lightness and non-flammability. In pressurizing and purging, helium is used to remove other gases and impurities from containers and pipelines. In leak detection, the small size of helium atoms allows them to penetrate small leaks, making it useful for detecting leaks in systems. In welding, helium is used as a shielding gas to protect the weld area from atmospheric gases. Despite its wide range of uses, the market for gaseous helium faces several challenges, including the high cost of helium and the logistical difficulties associated with its storage and transportation. Despite these challenges, the market for gaseous helium is expected to continue to grow in the coming years, driven by the increasing demand for high-purity gases in various industries.
Gaseous Helium - Global Market Outlook:
The global Gaseous Helium market, as of 2022, was valued at a substantial US$ 926.8 million. The market is projected to grow to an impressive US$ 1104 million by 2029, with a steady Compound Annual Growth Rate (CAGR) of 2.5% from 2023 to 2029. The United States holds the lion's share in the production of gaseous helium, accounting for a whopping 74% of the total market share. China follows suit, contributing 13% to the global production. The industry is led by Air Products & Chemicals, Inc., which holds a significant 16% of the market shares. The market's growth is primarily driven by the increasing demand for high-purity gases in various industries. However, the market also faces several challenges, including the high cost of helium and the logistical difficulties associated with its storage and transportation. Despite these challenges, the market for gaseous helium is expected to continue to grow in the coming years.
| Report Metric | Details |
| Report Name | Gaseous Helium - Market |
| Forecasted market size in 2029 | US$ 1104 million |
| CAGR | 2.5% |
| Forecasted years | 2023 - 2029 |
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| Global Gaseous Helium market, Segment by Type: |
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| Global Gaseous Helium market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
