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The global helium market is forecasted to reach US$18.18 billion in 2025, growing at a CAGR of 11.15% during the period 2021 to 2025.
Growth in the global helium market was supported by various factors such as an increase in laparoscopy procedure volumes and growing demand for consumer electronics. The market is anticipated to face certain trends such as escalating demand for party balloons and upsurge in consumer purchasing power. Fluctuations in smartphone production and cost risks associated with energy sector are likely to act as challenges for the market.
The global helium market on the basis of type can be segmented as follows: gas and liquid. In 2020, the dominant share of the market was held by gas segment. The global helium consumption by industry can be segmented into the following: MRI/NMR, laboratory/sciences, lifting, semiconductor manufacturing, welding/cutting, fiber optic manufacturing, mili