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Helium Price Trend and Forecast
Helium Price Trend and Forecast
Helium Regional Price Overview
Get the latest insights on price movement and trend analysis of Helium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Helium Price Trend for the Second Half of 2024
In H2 2024, the global helium market experienced mixed pricing trend influenced by regional dynamics and supply-demand equations. Oversupply conditions in North America and the MEA regions, along with weak demand from sectors like healthcare and high-tech manufacturing, kept prices under pressure. Stable natural gas prices and consistent helium production in key regions such as Qatar reinforced this downward trend.
Helium Price Chart
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In the Asian region, emerging markets like India and China were driven by growth in healthcare infrastructure and semiconductor manufacturing, supported by moderate demand increases, which slightly offset declines elsewhere. Europe’s helium market faced ongoing challenges from geopolitical uncertainties and seasonal factors, leading to price fluctuations. Despite these variations, advancements in cryogenics, aerospace, and medical applications highlighted helium’s industrial importance, offering some stability to the market. Overall, mixed market dynamics were witnessed.
Analyst Insight
According to Procurement Resource, helium markets are likely to remain similarly driven in the coming months as well, not much change is anticipated going forward.
Procurement Resource provides latest prices of Helium. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Helium
Helium is a colorless, odorless, and tasteless noble gas, known for its unique physical and chemical properties. As the second-lightest element, it is non-reactive and has an extremely low boiling point, making it ideal for applications requiring inertness or cryogenic temperatures. Helium is abundant in the universe but relatively scarce on Earth, primarily extracted from natural gas reserves. Its uses span various industries, including healthcare for MRI cooling, aerospace for pressurization, electronics for semiconductors, and scientific research for cryogenics and ultra-low temperature experiments.
Helium Product Details
| Report Features | Details |
| Product Name | Helium |
| Chemical Formula | He |
| Molecular Weight | 4.002602 u |
| HS Code | 28042910 |
| CAS number | 7440-59-7 |
| Supplier Database | Air Liquide, Exxon Mobil Corporation, Iwatani Corporation, Linde PLC |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Helium Industrial Uses
Helium holds immense industrial significance due to its unique properties, including low density, inertness, and extremely low boiling point. It is critical in the healthcare sector for cooling superconducting magnets in MRI machines and as a component in breathing gases. In electronics, helium provides an inert atmosphere for semiconductor and fiber-optic manufacturing. Its applications extend to aerospace, where it is used for pressurizing and purging rocket systems, as well as in cryogenics for achieving ultra-low temperatures. Helium also supports leak detection and precision welding in specialized industrial processes.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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