The global helium industry is projected to have increased to around 11.8 million metric tons by 2032. Helium is a versatile gas that finds its applications in various fields such as medicine, scientific research, refrigeration, aircraft fuel, and nuclear reactors.

The Helium Report is Segmented by Phase (Liquid Helium, and Gaseous Helium), Application (Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding, and More), End-User Industry (Aerospace and Aircraft, Electronics and Semiconductor, Nuclear Power, Healthcare, Welding and Metal Fabrication, Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, and More).

The global helium market size is projected to grow from USD 4.12 billion in 2025 to USD 6.10 billion by 2034, exhibiting a CAGR of 4.5%.
Report Scope:

Helium Market size was valued at USD 3,613.3 Million in 2023 and is projected to reach USD 3,852.4 Million by 2030, growing at a CAGR of 6.7% during the forecast period 2024-2030.

Global Helium Market Drivers

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

Increasing Need in Healthcare: Helium is essential to the medical field, especially in MRI (Magnetic Resonance Imaging) equipment where superconducting magnets are cooled by the gas. The demand for helium is driven by the growing number of MRI installations worldwide and the growing healthcare industry. Developments in Space Exploration: Helium is utilised as a pressurising agent for fuel tanks in rockets and spacecraft, which plays a vital role in space exploration. The demand for helium is rising as a result of an increase in space missions and operations by government agencies like NASA and ESA as well as commercial businesses like SpaceX. Use in Electronics and Semiconductor Manufacturing: Helium serves as a cooling and protecting environment during the semiconductor and fibre optic manufacturing processes. Helium demand is increased by the growing electronics sector, which is fueled by consumer demand for computers, smartphones, and other electronic gadgets. Applications in Scientific Research: Helium is widely employed in high-energy physics and superconducting research, among other fields of science, because of its special qualities. The increased amount of research need a constant supply of helium. Industrial Uses: Helium finds its application in a number of industrial processes, such as arc welding shielding gas, leak detection, and the production of specific kinds of optical fibres and LCD screens. Growing Need in the Blimp and Balloon Sectors: Although it is a lesser market, helium is in demand since it is used in balloons for advertising, recreational, and meteorological reasons. Global Economic Growth: Increased industrial activity and technological breakthroughs are frequently correlated with economic development, especially in emerging economies. This, in turn, drives up demand for helium across a range of industries. Development in Cryogenics: Because of its low boiling point, helium is essential in cryogenics, where it is utilised for cooling purposes such as research and the liquefaction of other gases. Helium supply shortages on a periodic basis, frequently brought on by production problems or geopolitical concerns, can drive up costs, which in turn stimulates research and investment in new helium production facilities. Technological Advancements in the Extraction and Production of Helium: By making helium more readily available, technological advancements in the extraction and processing of helium, notably from natural gas, where it is frequently found in small quantities, can propel market growth.

The global Helium market stood at approximately 6 million tonnes in 2022 and is expected to grow at a CAGR of 4.35% during the forecast period until 2032.

According to Cognitive Market Research, the global Helium market size was USD 4138.24 million in 2025. It will expand at a compound annual growth rate (CAGR) of 7.20% from 2025 to 2033.

Asia-Pacific held largest share of XX% in the year 2024 
Europe held share of XX% in the year 2024 
North America held significant share of XX% in the year 2024 
South America held significant share of XX% in the year 2024
Middle East and Africa held significant share of XX% in the year 2024 

MARKET DYNAMICS: KEY DRIVERS

Growing demand for helium in several end-use industries like defense, aerospace, healthcare, electronics, and research is driving the helium market growth.

The distinctive characteristics of helium, including inertness, thermal conductivity, and the property of existing in a gaseous state at very low temperatures, render it invaluable in a wide range of demanding industries. In the semiconductor and electronics industries, helium is an essential tool for producing computer chips, refrigerating delicate equipment, and maintaining product quality and integrity through the process of fabrication. The semiconductor market, driven by swift technological progress in artificial intelligence, quantum computing, and consumer electronics, is seeing all-time high growth. America procured the CHIPS Act, which invests almost USD 280 billion in full-scale domestic chip manufacturing, along with developing research facilities in the country. Outside the field of electronics, helium finds significant application in healthcare, especially in magnetic resonance imaging (MRI) technology. Liquid helium is used to cool superconducting magnets in MRI machines, allowing physicians to diagnose and track diseases like cancer with great accuracy. Helium is also utilised in cardio-pulmonary resuscitation pumps for heart surgery as well as in helium-neon lasers for eye surgery, attesting to the role of helium in contemporary medicine. Aerospace and defense industries are especially dependent on helium for uses across the spectrum, from rocket propulsion systems and welding to leak tests and border patrol through the use of helium-filled blimps. The constant growth in space exploration missions by government space agencies as well as private enterprises, like NASA and SpaceX, is also driving the demand for helium because it plays a critical role in sustaining and backing such aggressive programs. Helium is used in scientific inquiry and industrial processes as well. It is needed to cool magnets in large research machines such as the Large Hadron Collider at CERN, to cool nuclear reactor parts, and to enable x-ray crystallography, through which scientists are able to see the structure of molecules at an atomic level. In addition, helium is also applied to preserve rare documents like the Declaration of Independence, and as a leak detector because of its non-reactive properties. Some other significant uses include fiber optics, super high speed train systems like Japan's Shinkansen, and custom breathing gas compositions for deep-sea diving, where an 80% helium and 20% oxygen mixture is utilized to avoid decompression sickness. With industries spanning from defence, aerospace, and healthcare to electronics and scientific research increasing their pace of innovation and growth, helium's place as a key resource is now more vital than ever, setting the global helium market up for continued growth.

Source:https://www.pfizer.com/news/articles/helium-medical-mission-critical#:~:text=Helium%20as%20Critical%20Diagnostic,it%20can%20never%20become%20radioactive.

Restraints

Limited availability and high extraction costs are hampering the helium market's growth.

Helium is a finite and scarce element that occurs primarily in a limited number of natural gas fields. The scarcity is also coupled with the fact that the process of extraction and refining is costly and technically demanding, which cumulatively places heavy pressure on market expansion. The limited supply of helium-rich gas fields is such that producers cannot keep pace with growing demand, particularly as new technologies in industries such as semiconductors, electric vehicle batteries, and aerospace increasingly depend upon helium. The outcome is a tenuous supply chain, as evidenced by four global helium shortages during the past twenty years alone. Since 2006, helium has consistently been in short supply, with a particula...

Check Market Research Intellect's Helium Market Report, pegged at USD 4.5 billion in 2024 and projected to reach USD 7.2 billion by 2033, advancing with a CAGR of 6.7% (2026-2033).Explore factors such as rising applications, technological shifts, and industry leaders.

Helium Market size is expected to be worth around USD 8.6 Billion by 2034, from USD 4.4 Billion in 2024, growing at a CAGR of 6.9%

The global liquid helium market is projected to reach a valuation of approximately USD 5.2 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033.

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Helium Market Size 2024-2028

The helium market size is valued to increase USD 1.4 billion, at a CAGR of 6.7% from 2023 to 2028. Growing demand for defense aircraft and government defense expenditure will drive the helium market.

Major Market Trends & Insights

North America dominated the market and accounted for a 39% growth during the forecast period.
By End-user - Medical and healthcare segment was valued at USD 1.2 billion in 2022
By Type - Gas segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 65.44 million
Market Future Opportunities: USD 1403.82 million
CAGR from 2023 to 2028 : 6.7%

Market Summary

The market encompasses the production, distribution, and application of this essential noble gas. Core technologies and applications include cryogenic separation and storage, welding, and MRI imaging. The market's continuous evolution is driven by growing demand from sectors like defense and aerospace, with an increasing focus on defense aircraft and government defense expenditure. As of 2021, the market holds a significant share in the industrial gases sector, accounting for approximately 15% of the total demand. The market's dynamics are shaped by factors such as the increasing mergers and acquisitions (M&A) activities in The market and the heavy dependence on proper helium gas distribution and handling systems.
These trends underscore the ongoing unfolding of market activities and evolving patterns, making the market a dynamic and evolving landscape.

What will be the Size of the Helium Market during the forecast period?

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How is the Helium Market Segmented ?

The helium industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Medical and healthcare
  Aerospace and defense
  Electronics and electrical
  Metal fabrication
  Others


Type

  Gas
  Liquid


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    China


  Rest of World (ROW)

By End-user Insights

The medical and healthcare segment is estimated to witness significant growth during the forecast period.

The market encompasses various applications, including data logging, wireless sensor networks, compression systems, helium handling, gas purification, helium recovery, data acquisition systems, aerospace applications, flow control valves, helium storage, leak detectors, helium recycling, cryogenic cooling, balloon inflation, helium distribution, real-time monitoring, pressure regulators, pressure sensors, helium purification, gas analyzers, safety systems, helium liquefaction, storage tanks, gas chromatography, leak detection, medical applications, flow meters, welding applications, regulatory compliance, humidity sensors, pipeline integrity, mass spectrometry, lifting bags, and temperature sensors. In 2023, the medical and healthcare sector accounted for over 40% of the market share, with North America, the US, Canada, the UK, and Germany in Europe being significant consumers.

Helium's role in medical applications includes ensuring the superconductivity of magnets in Magnetic Resonance Imaging (MRI) units and serving as a vehicle for assisting respiration and gaining access to obstructed airways in severe respiratory cases. The medical and healthcare sector's dominance is projected to continue, with a 25% increase in demand expected by 2026. Furthermore, the aerospace industry is poised for substantial growth, with a 20% expansion in helium consumption anticipated during the same period. These trends underscore the market's continuous evolution and the increasing importance of helium across various industries.

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The Medical and healthcare segment was valued at USD 1.2 billion in 2018 and showed a gradual increase during the forecast period.

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Regional Analysis

North America is estimated to contribute 39% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American the market held a significant market share in 2023, primarily due to the presence of major companies and extensive applications in end-use industries. The market is poised for robust expansion, driven by the increasing demand from sectors like medical and healthcare, electronics, defense, and others. The US is a significant contributor to the regional market, with substantial consumption in applications such as aerospace, metal fabrication, a

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...

Helium Market Outlook

The global helium market size was valued at approximately USD 6.3 billion in 2023, and it is expected to reach around USD 10 billion by 2032, exhibiting a compound annual growth rate (CAGR) of about 5.4% during the forecast period. The growth of the helium market is primarily driven by its expanding applications across various industries such as healthcare, electronics, and aerospace, as well as its irreplaceable properties that cater to diverse industrial needs. The non-reactive nature, low boiling point, and ability to maintain extreme temperatures make helium an essential component in technological advancements and industrial processes, thus propelling its demand on a global scale.

One of the primary growth factors in the helium market is the increasing demand from the healthcare industry. Helium plays a critical role in magnetic resonance imaging (MRI) machines, which are pivotal for non-invasive diagnostics. As the global population ages and healthcare requirements grow, the demand for advanced diagnostic equipment is expected to rise, consequently increasing the demand for helium. Additionally, the emerging field of cryogenics and its application in medical research and pharmaceuticals also contribute significantly to the rising helium consumption. As healthcare technologies advance, the necessity for helium in both medical applications and research continues to expand, underpinning the market's growth trajectory.

Another driver of market growth is the burgeoning electronics industry, particularly with the advent of semiconductors and fiber optic cables, which require helium for manufacturing. The electronics sector's reliance on helium for cooling and maintaining controlled atmospheres during production processes underscores its significance in ensuring high-quality, defect-free electronic components. Moreover, the rapid proliferation of electronic devices and the increasing complexity of these technologies necessitate efficient thermal management solutions, where helium's unique properties provide a critical advantage. As technological innovations continue to evolve, helium's role in facilitating these advancements becomes increasingly vital, driving further market expansion.

The aerospace and automotive industries also play a significant role in the helium market's growth. In aerospace, helium is used for pressurizing and purging systems, as well as in space exploration missions. The expanding aerospace sector, driven by both commercial and defense-related activities, fuels the demand for helium. In the automotive industry, helium is utilized in airbags and for leak detection systems, contributing to vehicle safety improvements. The continual advancements in these industries, coupled with increasing investments in space exploration and automotive safety, are pivotal factors contributing to the growing demand for helium.

In the realm of cryogenics and advanced scientific research, Helium Reliquefiers play a pivotal role in the efficient management and utilization of helium resources. These devices are crucial for converting gaseous helium back into its liquid state, thereby enabling its reuse in applications that require ultra-low temperatures. The significance of helium reliquefiers is particularly evident in large-scale research facilities and medical institutions where maintaining a continuous supply of liquid helium is essential for operations. By minimizing helium loss and optimizing resource utilization, reliquefiers contribute to both cost efficiency and environmental sustainability. As the demand for liquid helium grows, the development and adoption of advanced helium reliquefying technologies are expected to further enhance the market's capacity to meet industrial and scientific needs.

Regionally, Asia Pacific is witnessing significant growth in helium demand due to the rapid industrialization and technological advancements in the region. Countries such as China, Japan, and South Korea are at the forefront, driven by robust electronics and healthcare sectors. North America remains a key player due to its advanced healthcare infrastructure and space exploration initiatives. Europe, with its emphasis on technological research and automotive manufacturing, also presents a strong market for helium. Meanwhile, the Middle East and Africa and Latin America are gradually increasing their helium consumption, driven by investments in healthcare and emerging industrial sectors.

Phase Analysis

The Asia Pacific Helium Market would witness market growth of 7.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 48,749.8 tonnes, showcasing a growth of 3.7% (2019-2022). The outlook for gas in the helium market is entering a phase of sign

The North America Helium Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 44,435.2 tonnes, showcasing a growth of 2.9% (2019-2022). Liquid helium, a crucial coolant in superconducting applications,

The Australia helium market reached is projected to grow at a CAGR of 3.90% between 2025 and 2034. The market is being driven by the growing installation of solar panels and the robust growth of the mining sector.

The Helium Market size was valued at USD 3,852.33 billion in 2023 and is projected to reach USD XXX billion by 2032, exhibiting a CAGR of 6.7 % during the forecasts period.

Report of Liquid Helium is covering the summarized study of several factors encouraging the growth of the market such as market size, market type, major regions and end user applications. By using the report customer can recognize the several drivers that impact and govern the market. The report is describing the several types of Liquid Helium Industry. Factors that are playing the major role for growth of specific type of product category and factors that are motivating the status of the market.

Gaseous and Liquid Helium Market valued at USD 10.64 Bn in 2025, is anticipated to reaching USD 45.06 Bn by 2032, with a steady annual growth rate of 22.9%.

Access Market Research Intellect's High Purity Helium Market Report for insights on a market worth USD 3.2 billion in 2024, expanding to USD 5.1 billion by 2033, driven by a CAGR of 6.2%.Learn about growth opportunities, disruptive technologies, and leading market participants.

The global helium market, encompassing both liquid and gaseous forms, is projected to reach a valuation of approximately USD 18 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2033.