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Global Helium-3 Market Size, Share & Recession Impact Analysis, By Type (Ultra-High Purity Grade Helium and High Purity Grade Helium), By Product Type (Gas and Liquid), By Application (Oil and Gas, Defense, Power Plant, Medical and Others), By End-Use (NMR, Border Security, Fusion Research Labs and Others), and Regional Forecasts, 2023-2030

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The global helium-3 market size was valued at USD 0.2 million in 2022. The market is projected to grow from USD 0.2 million in 2022 to USD 0.3 million by 2030, exhibiting a CAGR of 3.10% during the forecast period.
 
Key elements anticipated to propel market revenue growth during the forecast period include growing helium-3 use in imaging techniques, increased interest in its potential use as a fuel in nuclear power plants, and rising demand for helium-3 from the defense, medical, and industrial sectors. Moreover, helium-3 has been widely employed in neutron radiation detectors, medical diagnostic procedures like MRI, and other clinical imaging techniques, all of which have increased demand for helium-3 and are expected to support the market's future revenue growth.
 
RECESSION IMPACT

The market for helium-3 may be affected by the recession since it may have an impact on the supply and demand for this rare isotope. Economic activity often declines during a recession, which can lower demand for a variety of goods and services, including those that need helium-3. The availability of helium-3 may potentially be impacted by the recession. Several of the helium-3 sources are located in nations that rely largely on the export of natural resources, such Russia and Kazakhstan. During a recession, if there is a decline in demand for these resources, helium-3 availability may also be impacted.
 
DRIVING FACTORS

Continuous Use Of Detecting Technology To Support Market Expansion

In devices that use the absorption theory to detect neutrons, helium-3 is crucial. Common neutron detectors that work best for detecting thermal neutrons are He-3 loaded proportional counters. Neutron counts are obtained by converting the high-energy particles that helium-3 produces while also absorbing neutrons into currents. For pulse height spectroscopy of epithermal and fast neutrons, larger types are also used. This detector can distinguish well between residual quantities due to its high photon sensitivity. He-3 proportional counters have a wide range of uses, including monitoring hydrogen-rich substrates like water and oil, where the measured substrate acts as a moderator. For instance, TGM's He-3 detectors are frequently used in conjunction with a fast neutron source to determine the amount of moisture in soil and concrete. They are also used to estimate the level of oil in an oil well's stratum as it is being drilled.
 
RESTRAINING FACTORS

Issues Raised in Extraction of Helium-3 from Lunar Surfaces to Limit Market Growth

It is exciting and raises a number of questions to consider helium-3 mining on the Moon as a potential fuel source for clean and secure nuclear power plants in the future. Several of these issues, which concern the applicability of the nuclear physics concerned, are fairly sophisticated. Other worries centre on the important realities of going to the Moon, mining and heating enormous amounts of lunar rock, and bringing back the precious cargo to Earth. Three feasible difficulties have been taken into account. The work is difficult technically. Current international agreements do not provide a political or legal framework for lunar mining operations. In terms of finances, the mission only achieves a net profit in the best-case scenario and only for medium- to large-scale activities that need a sizeable initial expenditure.
 
SEGMENTATION

By Type

Global Helium-3 Market By Type

Based on type, the helium-3 market is segmented into ultra-high purity grade helium and high purity grade helium. The high purity grade heliumcategory dominated the market in 2022. It is vital to remove any impurities that can interfere with the special features of helium-3, hence high-purity grade helium is frequently utilised in the manufacturing of helium-3. Helium-3's behaviour can be significantly impacted by impurities like water, oxygen, nitrogen, and other trace gases, especially at very low temperatures.
 
By Product Type

Based on product type, the helium-3 market is segmented into gas and liquid. The liquid category dominated the market in 2022. A form of helium, liquid helium-3, can be found in a liquid condition at very low temperatures. It possesses two protons and one neutron, as opposed to the two protons and two neutrons found in regular helium (helium-4) At atmospheric pressure, helium-3 is a gas up to the point when it liquefies at a temperature below 3.19 Kelvin (-269.96 degrees Celsius or -452.33 degrees Fahrenheit). The boiling point of helium-4, which is 4.22 Kelvin, is substantially warmer than this. As with other cryogenic fluids, liquid helium-3 can be utilised as a refrigerant by evaporating it or by using a similar procedure in phase separated solutions of helium-3 in helium-4.
 
By Application

Based on application, the helium-3 market is segmented into oil and gas, defense, power plant, medical and others. The medical category dominated the market in 2022 owing to helium-3's growing application in imaging technologies like MRI and NMR, where it is combined with other materials. The demand for helium-3 has increased due to expanding scientific and medical advancements as well as the increasing use of nuclear magnetic resonance (NMR) technology in research. Further boosting its usage in imaging techniques for anatomical and functional imaging of the human body is the fact that helium-3 has the potential to be the clean energy of the future and produces no radiation or hazardous pollutants.
 
By End Use

Based on end use, the helium-3 market is segmented into NMR, border security, fusion research labs and others. The fusion research labs category dominated the market in 2022. In fusion labs, helium-3 is used to convert water into steam. This turns a turbine, which generates power. The development of the modern energy business is accelerating due to the efforts of numerous governments worldwide. Two fundamental governmental policies—resource conservation and environmental protection—place emphasis on creating a resource-conserving and environmentally friendly society as a result of the country's industrialisation and modernisation.
 
REGIONAL INSIGHTS

 Global Helium-3 Market By Region
North America is projected to hold the largest share of the helium-3 market over the forecast period due to the United States' growing helium-3 supply and manufacturing. Additionally, the U.S. Department of Energy (DOE) Isotope Program oversees the production, sales, and distribution of helium-3 in the country. A few of the major factors propelling the market's revenue growth in the area are the expansion of government initiatives to promote helium-3 mining, the expansion of space research initiatives, and the implementation of commercial helium-3 use plans for defence and monitoring nuclear weapon production. On the other hand, the Europe helium-3 market is anticipated to grow significantly ascribed to an increase in the number of government plans and programmes to mine helium-3 from the moon, an increase in the use of helium-3 in the defence and medical fields, and an increase in the region's manufacturing of neutron detectors for nuclear weapons.
 
LIST OF KEY COMPANIES PROFILED:
  • ISOFLEX
  • Raims Ltd
  • LND, INC
  • Chemgas
  • Laurentis Energy Partners Inc.
  • Air Liquide
  • Savannah River Site
  • Space Industries and Federal state unitary enterprise
 
Recent Development:
  • In October 2018, the neutron detectors 70 060 - 70 065 used proportional counter tubes filled with helium-3 for the best thermal neutron sensitivity, according to VacuTec MeBtechnik GmbH. It works well for portable neutron detectors and neutron measurements in small cavities or pipes due to its high neutron sensitivity and relatively low gamma-radiation sensitivity.
REPORT SCOPE AND SEGMENTATION
 
Attributes Details
Market Size in 2022 USD 0.2 Billion
Market Forecast in 2030 USD 0.3 Billion
Compound Annual Growth Rate 3.10 %
Unit Revenue (USD Million) and Volume (Kilo Tons)
Segmentation By Type, By Product Type, By Application, By End Use and By Geography
By Type
  • Ultra-High Purity Grade Helium
  • High Purity Grade Helium
By Product Type
  • Gas
  • Liquid
By Application
  • Oil and Gas
  • Defense
  • Power Plant
  • Medical
  • Others
By End Use
  • NMR
  • Border Security
  • Fusion Research Labs
  • Others
By Region
  • North America: U.S and Canada
  • Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
  • APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
  • Latin America: Brazil, Argentina, Chile
  • The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2022
Historical Year 2016-2021
Forecast Year 2023-2030
Chapter 1    Preface

    1.1    Report Scope and Description
        1.1.1    Study Purpose
        1.1.2    Target Audience
        1.1.3    USP and Key Offerings
    1.2    Key Benefits for Stakeholders
    1.3    Report Scope

Chapter 2    Report Summary

    2.1    Key Findings
        2.1.1    Top Investment Pockets
    2.2    Market Snapshot: Global Helium-3 Market
    2.3    Global Helium-3 Market, 2018 – 2028 (US$ Mn)

Chapter 3    COVID 18 Impact Analysis

    3.1    Impact Assessment of COVID-18 Pandemic, By Region
        3.1.1    North America: Impact of COVID-18 Pandemic
        3.1.2    Europe: Impact of COVID-18 Pandemic
        3.1.3    Asia pacific: Impact of COVID-18 Pandemic
        3.1.4    Latin America: Impact of COVID-18 Pandemic
        3.1.5    Middle-East and Africa: Impact of COVID-18 Pandemic
    3.2    Key Strategies Undertaken by Companies to Tackle COVID-18
    3.3    Quarterly Market Revenue by Region 2021 & 2022
    3.4    Pre COVID-18 Market Revenue, By Region, 2016-2018        (USD Million)
    3.5    Post COVID-18 Market Revenue, By Region, 2020-2028 (USD Million)
    3.6    Short Term Dynamics
    3.7    Long Term Dynamics

Chapter 4    Global Helium-3 Market, By Type Segment Analysis

    4.1    Helium-3 Market Overview, By Type Segment
        4.1.1    Global Helium-3 Market Revenue Share, By Type, 2022 & 2028 (Value, %)
    4.2    Ultra-High Purity Grade Helium
        4.2.1    Helium-3 Share Forecast, By Region (USD Million)
        4.2.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.2.3    Key Market Trends, Growth Factors, & Opportunities
    4.3    High Purity Grade Helium
        4.3.1    Helium-3 Share Forecast, By Region (USD Million)
        4.3.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.3.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 5    Global Helium-3 Market, By Product Type Segment Analysis

    5.1    Helium-3 Market Overview, By Product Type Segment
        5.1.1    Global Helium-3 Market Revenue Share, By Product Type, 2022 & 2028 (Value, %)
    5.2    Gas
        5.2.1    Helium-3 Share Forecast, By Region (USD Million)
        5.2.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.2.3    Key Market Trends, Growth Factors, & Opportunities
    5.3    Liquid
        5.3.1    Helium-3 Share Forecast, By Region (USD Million)
        5.3.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.3.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 6    Global Helium-3 Market, By Application Segment Analysis

    6.1    Helium-3 Market Overview, By Application Segment
        6.1.1    Global Helium-3 Market Value Share, By Application, 2021 & 2028 (Value, %)
    6.2    Oil and Gas
        6.2.1    Helium-3 Share Forecast, By Region (USD Million)
        6.2.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        6.2.3    Key Market Trends, Growth Factors, & Opportunities
    6.3    Defense
        6.3.1    Helium-3 Share Forecast, By Region (USD Million)
        6.3.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        6.3.3    Key Market Trends, Growth Factors, & Opportunities
    6.4    Power Plant
        6.4.1    Helium-3 Share Forecast, By Region (USD Million)
        6.4.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        6.4.3    Key Market Trends, Growth Factors, & Opportunities
    6.5    Medical
        6.5.1    Helium-3 Share Forecast, By Region (USD Million)
        6.5.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        6.5.3    Key Market Trends, Growth Factors, & Opportunities
    6.6    Others
        6.6.1    Helium-3 Share Forecast, By Region (USD Million)
        6.6.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        6.6.3    Key Market Trends, Growth Factors, & Opportunities
    
Chapter 7    Global Helium-3 Market, By End Use Segment Analysis

    7.1    Helium-3 Market Overview, By End Use Segment
        7.1.1    Global Helium-3 Market Revenue Share, By End Use, 2022 & 2028 (Value, %)
    7.2    NMR
        7.2.1    Helium-3 Share Forecast, By Region (USD Million)
        7.2.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        7.2.3    Key Market Trends, Growth Factors, & Opportunities
    7.3    Border Security
        7.3.1    Helium-3 Share Forecast, By Region (USD Million)
        7.3.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        7.3.3    Key Market Trends, Growth Factors, & Opportunities
    7.4    Fusion Research Labs
        7.4.1    Helium-3 Share Forecast, By Region (USD Million)
        7.4.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        7.4.3    Key Market Trends, Growth Factors, & Opportunities
    7.5    Others
        7.5.1    Helium-3 Share Forecast, By Region (USD Million)
        7.5.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        7.5.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 8    Helium-3 Market – Regional Analysis, 2022 – 2028

    8.1    Helium-3 market Overview, by Region Segment
        8.1.1    Global Helium-3 market Revenue Share, By Region, 2022 & 2028
        8.1.2    Global Helium-3 Market Revenue, By Region, 2017 – 2028 (US$ Mn)
        8.1.3    Global Helium-3 market Revenue, By Type, 2017 – 2028 (US$ Mn)
        8.1.4    Global Helium-3 market Revenue, By Product Type, 2017 – 2028 (US$ Mn)
        8.1.5    Global Helium-3 Market Revenue, By Application, 2017 – 2028 (US$ Mn)
        8.1.6    Global Helium-3 Market Revenue, By End Use, 2017 – 2028 (US$ Mn)
        8.1.7    Global Helium-3 Market Revenue, By Application, 2017 – 2028 (US$ Mn)
    8.2    North America
        8.2.1    North America Helium-3 Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        8.2.2    North America Helium-3 Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.2.3    North America Helium-3 Market Revenue, By Product Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.2.4    North America Helium-3 Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.2.5    North America Helium-3 Market Revenue, By End Use, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.2.6    North America Helium-3 Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.2.7    U.S. Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.2.8    Canada Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.2.8    Mexico Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    8.3    Europe
        8.3.1    Europe Helium-3 Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        8.3.2    Europe Helium-3 Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.3.3    Europe Helium-3 Market Revenue, By Product Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.3.4    Europe Helium-3 Market Revenue, By Application Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.3.5    Europe Helium-3 Market Revenue, By End Use, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.3.6    Europe Helium-3 Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.3.7    Germany Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.3.8    France Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.3.8    U.K. Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.3.9    Italy Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.3.10    Spain Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.3.11    Rest of Europe Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    8.4    Asia Pacific
        8.4.1    Asia Pacific Helium-3 Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        8.4.2    Asia Pacific Helium-3 Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.4.3    Asia Pacific Helium-3 Market Revenue, By Product Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.4.4    Asia Pacific Helium-3 Market Revenue, By Application Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.4.5    Asia Pacific Helium-3 Market Revenue, By End Use, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.4.6    Asia Pacific Helium-3 Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.4.7    China Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.4.8    Japan Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.4.8    India Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.4.9    South Korea Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.4.10    South-East Asia Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.4.11    Rest of Asia Pacific Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    8.5    Latin America
        8.5.1    Latin America Helium-3 Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        8.5.2    Latin America Helium-3 Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.5.3    Latin America Helium-3 Market Revenue, By Product Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.5.4    Latin America Helium-3 Market Revenue, By Application Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.5.5    Latin America Helium-3 Market Revenue, By End Use, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.5.6    Latin America Helium-3 Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.5.7    Brazil Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.5.8    Argentina Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.5.8    Rest of Latin America Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    8.6    The Middle-East and Africa
        8.6.1    The Middle-East and Africa Helium-3 Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        8.6.2    The Middle-East and Africa Helium-3 Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.6.3    The Middle-East and Africa Helium-3 Market Revenue, By Product Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.6.4    The Middle-East and Africa Helium-3 Market Revenue, By Application Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.6.5    The Middle-East and Africa Helium-3 Market Revenue, By End Use, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.6.6    The Middle-East and Africa Helium-3 Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.6.7    GCC Countries Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.6.8    South Africa Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.6.8    Rest of Middle-East Africa Helium-3 Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)

Chapter 9    Helium-3 Market – Industry Analysis

    9.1    Introduction
    9.2    Market Drivers
        9.2.1    Driving Factor 1 Analysis
        9.2.2    Driving Factor 2 Analysis
    9.3    Market Restraints
        9.3.1    Restraining Factor Analysis
    9.4    Market Opportunities
        9.4.1    Market Opportunity Analysis
    9.5    Porter’s Five Forces Analysis
    9.6    PEST Analysis
    9.7    Regulatory Landscape
    9.8    Technology Landscape
    9.8      Value Chain Analysis

Chapter 10    Competitive Landscape

    10.1    Company Market Share Analysis – 2022
        10.1.1    Global Helium-3 market: Company Market Share, 2022
        10.1.2    Global Helium-3 Market: Company Market Share, 2022
    10.2    Strategic Developments
        10.2.1    Acquisitions & Mergers
        10.2.2    New Product Launch
        10.2.3    Regional Expansion
    10.3    Company Strategic Developments – Heat Map Analysis

Chapter 11    Company Profiles

    11.1    ISOFLEX
        11.1.1    Company Overview
        11.1.2    Key Executives
        11.1.3    Product Portfolio
        11.1.4    Financial Overview
        11.1.5    Operating Business Segments
        11.1.6    Business Segment Performance
        11.1.7    Recent Developments
    11.2    Raims Ltd
    11.3    LND, INC
    11.4    Chemgas
    11.5    Laurentis Energy Partners Inc.
    11.6    Air Liquide
    11.7    Savannah River Site
    11.8    Space Industries and Federal state unitary enterprise

Chapter 12    Research Methodology

    12.1    Research Methodology
    12.2    Phase I – Secondary Research
    12.3    Phase II - Data Modeling
        12.3.1    Company Share Analysis Model
        12.3.2    Revenue Based Modelling
    12.4    Phase III – Primary Research
    12.5    Research Limitations
        12.5.1    Assumptions
 
No Methodology
No Available