The Latin America, Middle East and Africa Helium Market would witness market growth of 8.0% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 17,193.1 tonnes, showcasing a growth of 7.4% (2023-2030).
The end-use outlook for aerospace and defense in the market underscores a robust trajectory, characterized by the indispensable role helium plays in critical applications within these sectors. It’s unique properties, including its low density, inertness, and ability to maintain stable temperatures, make it essential for a multitude of aerospace and defense applications. Therefore, the Brazil market would utilize 1,265.3 tonnes of helium in aerospace and defense by 2030.
The Brazil market dominated the LAMEA Helium Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $107.4 million by 2030. The Argentina market is showcasing a CAGR of 9.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.6% during (2023 - 2030).
Heliox is often used in acute respiratory distress situations, where conventional oxygen therapy may not be as effective. It is typically administered through a mask or a ventilator under the supervision of healthcare professionals. Consequently, the rising prevalence of COPD may further result in increasing use of heliox. Disease-adjusted life years (DALY) rank COPD as the seventh most significant contributor to morbidity and mortality.
Similarly, the aerospace industry is a significant driver of the market, playing several crucial roles in various aerospace applications. One of the primary uses of helium in aerospace is as a lifting gas in balloons and airships. Its low density makes it an ideal choice for providing lift, allowing balloons and airships to float in the air.
The Kenya Space Agency (KSA) allocated Ksh 10 million for research grants pertaining to the development of 3U nanosatellite models, applications for land cover data collection, and small-scale crop mapping using artificial intelligence/machine learning (AI/ML) during the fiscal year 2021/2022. As Kenya's space program progresses and more satellites are developed and launched, the demand for helium for these applications is expected to increase. Therefore, the demand for helium will rise continuously in this region due to the aforementioned factors.
Free Valuable Insights: The Worldwide Helium Market is Projected to reach USD 5.3 Billion by 2030, at a CAGR of 6.4%
Based on Phase, the market is segmented into Gas and Liquid. Based on End-use, the market is segmented into Medical & Healthcare, Aerospace & Defense, Electronics & Electrical, Nuclear Power, Metal Fabrication and Others. Based on Application, the market is segmented into Cryogenics, Breathing Mixes, Leak Detection, Welding, Pressurizing & Puring, Controlled Atmosphere and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Phase (Volume, Tonnes, USD Billion, 2019-2030)
By End-use (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Country (Volume, Tonnes, USD Billion, 2019-2030)
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