The South Korea Helium Market Size was estimated at 916.4 (USD Million) in 2023. The South Korea Helium Market is expected to grow from 956 (USD Million) in 2024 to 1,392 (USD Million) by 2035. The South Korea Helium Market CAGR (growth rate) is expected to be around 3.475% during the forecast period (2025 - 2035).
The high technological industry in South Korea and the growing need for helium in sectors like electronics and healthcare are driving significant developments in the country's helium market. Since helium is necessary for cooling and other production processes, the semiconductor industry's expansion is a major market driver.
The need for helium in the healthcare industry is also being driven by the growing use of MRI machines in medical facilities. The establishment of domestic helium manufacturing facilities to lessen dependency on imports, especially from nations like the U.S., is one opportunity to investigate in the South Korean helium market.
Qatar, as well. A robust supply chain might be established via investments in helium mining and processing technology, as South Korea places a strong emphasis on self-sufficiency in essential commodities. Additionally, diversification into ecologically friendly helium supply is possible, which might support the country's larger objectives of lowering carbon emissions.
Recent patterns show that the industrial sector is moving toward helium recovery through recycling programs, motivated by environmental concerns and the high expense of fresh helium supply. Businesses in South Korea are progressively implementing technological solutions and systems to recover helium from operations, including electronics production and welding.
In addition to encouraging environmentally beneficial behavior, this sustainability trend also helps maintain long-term supply and stabilize helium prices. When taken as a whole, these achievements show a vibrant, innovative, sustainable, and strategically invested helium market in South Korea.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The South Korea Helium Market is experiencing significant growth due to the increasing utilization of helium in the electronics sector, particularly for high-tech applications.
The South Korean electronics industry, which includes major players such as Samsung Electronics and LG Electronics, has seen a rapid expansion, with the production value reaching approximately 223 billion USD in 2020 according to the Ministry of Trade, Industry and Energy.
Helium is critical in the production of semiconductors, which constitute a significant portion of this market. Furthermore, with South Korea's Semiconductor Industry Strategy aiming to boost investments in semiconductor manufacturing to 38 billion USD by 2025, the reliance on helium is projected to rise correspondingly.
As the offshore manufacturing capabilities expand, the South Korea Helium Market stands to benefit, particularly as more advanced technologies requiring helium are introduced into the market.
Another significant driver for the South Korea Helium Market is the increasing applications of helium in medical technologies. Helium is widely used in magnetic resonance imaging (MRI) systems due to its unique properties.
With public healthcare expenditure on hospitals and outpatient services in South Korea increasing from 37.8 billion USD in 2019 to an expected 53.4 billion USD by 2025, as reported by the Korea Healthcare Industry Development Institute, the demand for helium in MRI systems is anticipated to rise.
This growing healthcare sector, coupled with advancements in medical technology, enhances the prospects of helium usage in diagnostics, surgical procedures, and other medical equipment.
The support from the South Korean government regarding industrial growth also plays a crucial role in driving the South Korea Helium Market.
The government has initiated several policies aimed at strengthening the helium supply chain domestically, in response to global helium shortages. Programs such as the Korean New Deal aim to invest heavily in green technology and sustainable industrial practices.
As the government prioritizes the development of advanced technologies, including those that utilize helium, the domestic helium supply is likely to increase. These initiatives are expected to create a more robust environment for the helium market, thereby encouraging investments and expansion within the South Korean industry.
The South Korea Helium Market's growth is further supported by the escalating Research and Development (R&D) activities within the region.
With universities and research institutions like the Korea Advanced Institute of Science and Technology (KAIST) actively engaged in helium-related research, expenditures on R&D in South Korea reached over 86 billion USD in 2020, according to the National Science and Technology Council.
This focus on innovation synergizes with the growing utilization of helium in experimental and industrial applications, such as cryogenics and aerospace technologies. As more research projects are launched that require helium or investigate its novel applications, the demand for helium in South Korea is expected to rise significantly.
The South Korea Helium Market is experiencing significant growth in the Form segment, primarily driven by the increasing demand for helium in various industrial applications. The population in South Korea is becoming increasingly aware of the importance of helium, particularly in sectors such as electronics, healthcare, and research.
The Liquid Form is particularly vital in the semiconductor industry, where it serves as a coolant in the production of chips, thus contributing to advancements in technology and efficiency. With the push for innovations in technology, the demand for liquid helium is expected to rise, reflecting its significance in aiding Research and Development initiatives and enhancing product quality.
On the other hand, the Gas Form of helium plays a crucial role in the medical sector, being used in magnetic resonance imaging (MRI) machines and other medical apparatus. As South Korea continues to develop its healthcare infrastructure, the necessity for gas helium in medical devices remains a key factor for market growth.
Furthermore, helium's applications in scientific and educational environments illustrate its importance in laboratories, fueling experiments and theoretical research. Overall, while the segment is experiencing steady growth, it faces challenges such as supply chain constraints and increased global competition.
However, there are also opportunities for expansion, particularly through innovations in extraction and production technologies, which may lead to more efficient methods of harnessing helium resources.
The ongoing investments in the South Korean helium market, combined with a solid regulatory framework promoting sustainability, position this segment for potential growth in the coming years, making it an important focus area for stakeholders in the helium industry.
As businesses navigate the changing dynamics of the South Korea Helium Market, understanding the nuances of both Liquid and Gas Forms will be critical to capitalizing on emerging opportunities and addressing challenges effectively.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The South Korea Helium Market, particularly in the Application segment, has been experiencing notable growth, driven by its diverse utilization across various industries. Cryogenics remains a critical application, deployed in the cooling of superconducting magnets in medical imaging and research, enhancing efficiency and performance significantly.
The Pressurizing and Purging application is vital in the aerospace industry, where helium safeguards component integrity under extreme conditions. Welding processes heavily rely on helium as it generates quality welds by providing a stable arc and reducing contamination.
Leak Detection is another essential application, as helium's small atomic size allows for effective monitoring of leaks in equipment and infrastructure, which is crucial in maintaining operational safety in sectors like oil and gas. Breathing Mixtures often utilize helium in medical contexts, especially for patients with respiratory issues, supporting therapeutic treatments.
Controlled Atmosphere applications are significant for food preservation and manufacturing, ensuring product longevity and quality. Overall, the segmentation of the South Korea Helium Market highlights its essential role in technological advancement and industrial applications, reflecting robust demand across several high-growth industries.
The South Korea Helium Market is significantly influenced by the End-Use Industry, encompassing essential sectors such as Aerospace and Defense, Electrical and Electronics, Medical, Automotive, Energy, Leisure and Recreational activities, and Welding and Metal Fabrication.
In Aerospace and Defense, helium is crucial due to its use in high-altitude balloon systems and cooling applications for sensitive instruments. The Electrical and Electronics sector employs helium for its unique properties in cooling semiconductor manufacturing processes.
Medical applications, particularly in MRI machines, leverage helium for creating a superconductive environment, underscoring its role in healthcare advancements. The Automotive industry utilizes helium for precise welding applications, ensuring improved safety and durability in vehicles.
The Energy sector recognizes helium for its benefits in gas production and storage technologies, enabling cleaner energy solutions. The Leisure and Recreational category also benefits from helium’s use in party balloons and airships, contributing to various celebrations and events.
Additionally, the Welding and Metal Fabrication industries heavily depend on helium for high-quality welding processes, enhancing operational efficiency. With these diverse applications, the South Korea Helium Market demonstrates robust potential for growth and innovation across several critical industries.
The South Korea Helium Market has been experiencing notable growth, driven by the increasing demand for helium in various applications such as electronics manufacturing, medical imaging, and aerospace. Competitive dynamics in this sector are shaped by the emerging technologies and processes that companies are adopting to enhance their production capabilities and efficiency.
As the market expands, players are focusing on developing strategic partnerships, improving supply chains, and investing in research and development to stay ahead of competitors.
The regulatory environment, especially concerning safety and environmental standards around helium extraction and usage, is also influencing market competition. The players within this industry are leveraging innovative solutions to meet the evolving demands, thus shaping the competitive landscape.
HeLiOS has established a strong presence in the South Korean helium market by focusing on supplying high-purity helium and catering to specialized needs in the medical and industrial sectors. The company has earned a reputation for its reliability and quality, establishing long-term relationships with key clients across various industries.
One of its significant strengths is its effective logistics network, which ensures timely delivery and consistency in supply. This is particularly important in a market where helium is a critical component for various advanced technologies, such as MRI machines and semiconductor manufacturing equipment.
HeLiOS' commitment to quality assurance and customer service has solidified its position in South Korea's helium market, allowing it to respond effectively to client demands while expanding its market share.
Cryogenic Industries has also made significant inroads into the South Korean helium market, focusing on providing advanced cryogenic equipment and technologies. The company specializes in developing helium-related products and services, including helium purification systems and liquefaction technologies, which are crucial for various applications in research and industry.
Cryogenic Industries has strengthened its market presence through strategic mergers and acquisitions, enhancing its technological capabilities and expanding its product portfolio. This has allowed them to offer innovative solutions tailored to the specific needs of the South Korean market.
The company’s ability to adapt to market changes and meet client demands effectively has been a key strength, positioning Cryogenic Industries as a formidable player in the helium sector of South Korea. Their commitment to research and development has further enabled them to stay competitive amidst evolving market conditions, fostering long-term growth opportunities in the helium industry.
Recent developments in the South Korea Helium Market have shown significant growth, particularly with companies like HeLiOS, Hyndai, and SK Gas expanding their production capabilities to meet rising domestic demand.
In September 2023, HeLiOS announced a strategic investment in helium extraction technology to enhance efficiency and output. The market dynamics continue to shift with the increasing utilization of helium in various sectors, including electronics and healthcare, thereby creating new business opportunities for players like Air Liquide and Linde.
In terms of mergers and acquisitions, there have been no major publicized activities in recent months among the key players in this sector. However, the continuous advancements in technology and investments suggest a potential for consolidation in the future.
The government's push for sustainable gas production is also facilitating growth as more companies align their operations with regulatory requirements while focusing on environmental impacts.
Over the last couple of years, South Korea’s helium market has also benefitted from increased trade collaborations, especially with Japanese firms like Nippon Sanso Holdings, ensuring a stable supply and fostering competitive pricing strategies in the region.
| Report Attribute/Metric | Details |
| Market Size 2023 | 916.4(USD Million) |
| Market Size 2024 | 956.0(USD Million) |
| Market Size 2035 | 1392.0(USD Million) |
| Compound Annual Growth Rate (CAGR) | 3.475% (2025 - 2035) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Million |
| Key Companies Profiled | HeLiOS, Cryogenic Industries, Hanwha, Praxair, Hyundai, SK Gas, Messer Group, Daesung Group, Nippon Sanso Holdings, Air Products, Sungas, Linde, Taiyo Nippon Sanso, Air Liquide, Kogas |
| Segments Covered | Form, Application, End-Use Industry |
| Key Market Opportunities | Growing demand in the electronics sector, Expansion of healthcare applications, Increasing adoption in the aerospace industry, Utilization of renewable energy technologies, Rising interest in scientific research applications |
| Key Market Dynamics | Growing demand for electronics manufacturing, increasing use in healthcare applications, fluctuating global helium supply, government regulations on gas production, and rising investments in research and technology. |
| Countries Covered | South Korea |
Frequently Asked Questions (FAQ) :
The South Korea Helium Market was valued at 956.0 million USD in 2024.
By 2035, the South Korea Helium Market is projected to reach a value of 1392.0 million USD.
The expected CAGR for the South Korea Helium Market from 2025 to 2035 is 3.475%.
In 2024, both liquid and gas helium segments were valued at 478.0 million USD each.
The projected value of liquid helium is expected to be 683.0 million USD by 2035.
The anticipated market value of gas helium is expected to reach 709.0 million USD by 2035.
Major players in the South Korea Helium Market include HeLiOS, Cryogenic Industries, Hanwha, Praxair, and SK Gas.
Key applications of helium in South Korea include medical imaging, electronics manufacturing, and aerospace industries.
The market faces challenges such as supply chain issues and price volatility due to fluctuating global demand.
Growth opportunities in the South Korea Helium Market include increased demand in the healthcare and technology sectors.
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