Expanding Electronics Sector Propels Helium Gas Market Growth Amid LCD Design Demand Surge

helium gas market

Helium, an inert noble gas, has a wide range of applications due to its unique properties such as low boiling point, non-reactivity, and high thermal conductivity. The helium gas market is experiencing substantial growth driven by its diverse uses across various industries. This article explores the key applications of helium gas and its relevance in the B2C (business-to-consumer) segment.

A multitude of factors, including increased demand from the electronics and semiconductor industries, will fuel the helium gas market size to reach USD 46.8 billion by 2034, up from USD 30.4 billion in 2024. Such growth drivers for the helium gas market will support the progress at a steady CAGR of 4.4% over the forecast period.

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Medical and Healthcare Applications

Magnetic Resonance Imaging (MRI)

One of the most critical applications of helium in the medical field is in Magnetic Resonance Imaging (MRI) machines. Helium is used to cool the superconducting magnets in MRI scanners, which is essential for the functioning of these machines. The demand for MRI scans is rising with the increasing prevalence of chronic diseases and the growing aging population, driving the helium market in the healthcare sector.

Respiratory Treatments

Helium is also used in respiratory treatments for patients with severe respiratory issues. Heliox, a mixture of helium and oxygen, is used to treat conditions such as asthma and Chronic Obstructive Pulmonary Disease (COPD). The lightness of helium helps the mixture flow more easily into the lungs, providing relief and improving breathing in critical situations.

Electronics and Semiconductor Industry

Semiconductor Manufacturing

In the electronics sector, helium is critical for semiconductor manufacturing. It is used as a cooling medium during the production of semiconductors and in the maintenance of controlled environments essential for the fabrication of electronic chips. As the demand for electronic devices such as smartphones, laptops, and tablets continues to rise, the need for helium in this industry is also increasing.

Fiber Optics and LCDs

Helium is also used in the manufacturing of fiber optic cables and Liquid Crystal Displays (LCDs). The inert nature of helium ensures that these delicate components are produced without any contamination. With the expansion of telecommunications and the growing demand for high-quality display devices, the helium market is seeing significant growth in this segment.

Space Exploration and Aeronautics

Rocket Propulsion and Spacecraft

In space exploration, helium plays a crucial role as a pressurizing agent for rocket propulsion systems. It is used to purge and pressurize fuel tanks and in the inflating of life rafts and airbags in spacecraft. With increasing investments in space missions and the commercialization of space travel, the demand for helium is expected to grow significantly.

Aircraft Industry

Helium is used in the aircraft industry for inflating the tires of large aircraft due to its non-flammable nature. It is also employed in leak detection and for cooling aircraft instruments. The growth of the aviation sector, with rising air travel and cargo transport, is contributing to the helium market’s expansion.

Entertainment and Retail

Balloons and Special Effects

In the entertainment and retail sectors, helium is widely known for inflating balloons, both for decorative purposes and events such as parties and celebrations. The demand for helium-filled balloons remains strong due to their popularity across various age groups and occasions. Additionally, helium is used in special effects to create floating illusions and in the production of various toys.

Diving and Recreational Use

Helium is also used in deep-sea diving in the form of heliox, a mixture of helium and oxygen, to allow divers to breathe more easily under high-pressure conditions. This application is critical for professional diving operations as well as recreational diving, enhancing safety and performance underwater.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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