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).

Throughout Q1 2025, the helium market in North America exhibited mixed trends, shaped by evolving global supply conditions and steady demand from high-value sectors. In January, helium prices in the U.S. edged up slightly as higher import costs from Qatar—driven by rising natural gas prices—combined with proactive restocking efforts to lift procurement. Demand remained firm, supported by strong offtake from the healthcare sector and growing helium applications in semiconductor manufacturing for AI and 5G technologies.

Helium Gas Market Size And Forecast

Helium Gas Market size was valued at USD 2.46 Billion in 2023 and is projected to reach USD 3.45 Billion By 2030, growing at a CAGR of 4.8% during the forecast period 2024 to 2030.

Global Helium Gas Market Drivers

The market drivers for the Helium Gas Market can be influenced by various factors. These may include:

Growing Need Across a Range of Industries: Helium finds extensive application in a number of industries, including electronics, healthcare, aircraft, and automotive. One major factor propelling market expansion is the increasing need for helium in these industries, especially in applications like MRI machines, semiconductor production, and aircraft equipment. Technological Developments: As a result of numerous new uses, helium is becoming more and more in demand due to technological developments. For example, superconducting magnets in particle accelerators, nuclear reactor cooling, and next-generation electronics like quantum computing all depend on helium. Medical Applications: Helium is widely used in the healthcare industry, mainly for MRI equipment. The need for MRI machines and helium is predicted to rise as the world's healthcare infrastructure continues to develop and the frequency of chronic diseases rises. Expanding Electronics Sector: Helium is essential for cooling semiconductors during manufacture, especially when making microchips and optical fibers. The need for helium is predicted to continue to be high due to the electronics industry's steady expansion, particularly in the consumer electronics and telecommunications sectors. Aerospace and Defense Sector: Helium finds usage in a range of aerospace and defense-related applications, such as military surveillance equipment, rocket propulsion systems, and satellite construction. The need for helium in both fields is projected to rise as defense spending and space exploration activities both rise. Helium Supply Challenges: Helium is a limited resource that is mostly recovered as a byproduct of processing natural gas. This means that there are supply constraints and price volatility. Investment in helium production and exploration efforts may be impacted by supply constraints and market price volatility brought on by the restricted availability of helium deposits combined with rising demand. Environmental Restrictions: The production and use of helium may be impacted by environmental restrictions designed to reduce emissions from industrial activities. Moreover, efforts to create helium recycling technologies and substitute production sources can be motivated by worries about the limited supply of helium and the necessity of sustainable resource management.

The global Liquid Helium market was valued at USD 2.4 billion in 2022 and is projected to reach USD 4.1 billion by 2030, registering a CAGR of 7.0 % for the forecast period 2023-2030. Factors Affecting Liquid Helium Market Growth

Several Applications of Liquid Helium in the Medical Sector Favours the Market Growth

The overall medical sector plays a vital role in favouring the growth of the global liquid helium market owing to its wide range of applications in advanced medical technologies. MRI (Magnetic Resonance Imaging) is a widely used medical imaging technique which provides detailed images of internal structures of the body without using ionizing radiation. Superconducting magnets are crucial part of MRI machines, whereas they require extremely low temperatures to maintain their superconducting state. Liquid helium is usually used to cool these magnets to temperatures near to absolute zero. This allows the magnets to generate stable and strong magnetic fields that are essential for high quality imaging. Thus, as demand for advanced diagnostic imaging increases, the demand for liquid helium has also increased in the MRI sector. Moreover, NMR (Nuclear Magnetic Resonance) Spectroscopy is a technique that is used to analyze the molecular behaviour and structure of compounds. Same like in MRI, NMR instruments use superconducting magnets which require liquid helium cooling. This NMR technique is widely used in chemistry, material science, and pharmaceutical research for analyzing complex molecules. Thus, the growth of NMR spectroscopy field thereby drives the demand for liquid helium.

Complications Associated with Liquefaction of Helium Can Limit the Market Growth

Helium is a very rare element on earth, which is primarily extracted from natural gas deposits. The supply of helium is finite, and its availability can be constrained by supply chain disruptions, limited number of helium-rich natural gas fields, and geopolitical factors. This limited supply may lead to fluctuations in availability and pricing, thereby, impacting the growth of the market. The liquefaction and extraction of helium are energy-intensive processes. The compression and cooling required to turn helium gas into liquid state demand specialized equipment and infrastructure, resulting into high production costs. Thus, the cost of maintaining and producing liquid helium can act as a barrier to its widespread adoption, specifically in applications with tighter budget constraints. Also, liquid helium has very low boiling point, due to which it evaporates quickly even at low temperatures. Thus, keeping liquid helium at very low temperatures need sophisticated cryogenic systems and well-insulated containers. This evaporative loss of helium over time may be significant, resulting into the need for continuous replenishment adding to the operational costs. Therefore, the complications associated with liquefaction process of liquid helium may restrain the market growth. Introduction of Liquid Helium

Liquid helium is referred to as a physical state of helium at very low temperature at a standard atmospheric pressure. Liquid helium may also show superfluidity. It exhibits a range of extraordinary physical properties at low temperatures. Helium has two isotopes; helium - 4 (He-4) and helium - 3 (He-3). Out of which helium - 4 is the most commonly used isotope in the cryogenic applications. Helium tends to become liquid at extremely lower temperatures due to its low boiling point. Whereas, at atmospheric pressure, helium - 4 becomes liquid at about 4.2 Kelvin (K), which equals to -268.93 degree Celsius (-452.07 degrees Fahrenheit). Therefore, it is one of the significantly coldest substances on the earth. Further, liquid helium has two different phases, helium I and helium II. Helium I is the phase just above the lambda point, that is around 2.17 K. When in this phase, helium behaves like normal fluid, and displays properties such as thermal conductivity, and viscosity (resistance to flow). However, the viscosity of liquid helium I is extremely low, thereby, making it a superfluid. When helium is below the lambda point, helium enters the helium II phase. During this phase, helium II exhibits very unique properties that defy classical physics. Then it becomes a true superfluid with zero viscosity. It is capable of climbing the walls of the containers and escape because of its property of capillarity, defying gravity effectively. This p...

The global industrial helium gas transport vehicle market is experiencing steady growth, projected to reach a value of $194.5 million in 2025, exhibiting a compound annual growth rate (CAGR) of 3.9% from 2025 to 2033. This growth is driven by the increasing demand for helium in various industrial applications, particularly in the chemical and energy sectors. The rising adoption of cryogenic transport vehicles, offering superior efficiency and safety in handling helium, is a significant contributor to market expansion. Furthermore, advancements in cryogenic tank technology and improved logistics infrastructure are facilitating smoother and more cost-effective transportation of helium gas. However, the market faces some challenges, including the fluctuating price of helium and stringent regulations surrounding its transportation. Competition among established players like Taylor-Wharton, Chart Industries, and APCI, alongside emerging companies, is driving innovation and efficiency improvements within the sector. The Asia-Pacific region, fueled by rapid industrialization and rising energy consumption in countries like China and India, is expected to be a key growth driver in the coming years. The market segmentation reveals a significant share held by cryogenic transport vehicles due to their enhanced performance in maintaining helium's cryogenic state during transit. The chemical industry constitutes a major application segment, followed by the energy sector's growing reliance on helium for various processes. North America and Europe currently hold a substantial market share, yet emerging economies in Asia-Pacific and the Middle East & Africa are poised for significant growth, presenting lucrative opportunities for market participants. Continuous technological advancements, coupled with strategic partnerships and investments in efficient transportation solutions, are expected to further propel the market's growth trajectory in the forecast period. The focus on sustainability and environmental concerns will also influence technological innovation in helium transportation, leading to the adoption of more eco-friendly solutions.

The global helium refrigerator market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for the base year (2025) are not provided, a reasonable estimation can be made based on industry trends and reported CAGRs. Assuming a conservative CAGR of 7% and considering the market's diverse applications, a plausible market size for 2025 could be estimated at $500 million. This strong growth trajectory is expected to continue throughout the forecast period (2025-2033), with a projected CAGR of 8% anticipated. This positive outlook stems from several key factors including the rising adoption of helium refrigerators in advanced research, medical applications (MRI, cryosurgery), and industrial processes requiring cryogenic cooling (e.g., semiconductor manufacturing, liquefaction of natural gas). Technological advancements resulting in more efficient and cost-effective units further contribute to market expansion. The segmentation of the market reveals significant opportunities across various applications, with mechanical engineering, automotive, and medical sectors being particularly prominent. The fully automatic segment holds a larger market share due to its ease of use and enhanced precision compared to semi-automatic counterparts. Geographically, North America and Europe currently dominate the market, fueled by strong research investments and technological advancements. However, the Asia-Pacific region is emerging as a significant growth area, driven by increasing industrialization and expanding healthcare infrastructure in countries like China and India. Despite the positive growth, potential restraints include the fluctuating price of helium, supply chain complexities, and stringent regulatory requirements surrounding cryogenic equipment.