The Helium Market report segments the industry into Phase (Liquid, Gas), Application (Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding, Controlled Atmosphere, Other Applications), End-User Industry (Aerospace and Aircraft, Electronics and Semiconductors, Nuclear Power, Healthcare, Welding and Metal Fabrication, Other End-User Industries), and Geography (Production Analysis, Consumption Analysis).

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.

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.

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Helium Market Size 2024-2028

The helium market size is forecast to increase by USD 1.4 billion at a CAGR of 6.7% between 2023 and 2028.

The market is experiencing significant growth due to increasing demand from various industries, including defense, healthcare, and technology. In the defense sector, the use of helium in MRI machines and missiles is driving market expansion. In the healthcare industry, diagnostic imaging and magnetic resonance imaging (MRI) machines require large quantities of helium for cooling. In the technology sector, helium is essential for semiconductor manufacturing, quantum computing, and fiber optics. Furthermore, the growing trend towards natural gas exploration and production is increasing the demand for helium as a byproduct. Additionally, the aviation industry uses helium in power electronics, trolley buses, and airships. In consumer electronics, helium is used in display manufacturing. The market is also witnessing an increase in mergers and acquisitions (M&A) activities. Proper helium gas distribution and handling systems are crucial to ensure safety and efficiency In these industries. Overall, the market is expected to grow steadily due to its diverse applications in defense, healthcare, technology, and energy sectors.

What will be the Size of the Helium Market During the Forecast Period?

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The market encompasses the production, distribution, and application of this inert gas, primarily used in various industries due to its unique properties. Helium is essential In the medical industry for Magnetic Resonance Imaging (MRI) machines, which provide detailed images for diagnosing and monitoring conditions such as lung diseases, including asthma and emphysema, neurological disorders, and other health issues. The aging population and rising prevalence of lifestyle diseases are driving demand for advanced medical technology and diagnostic tools. In the scientific research sector, helium is utilized in cooling systems for MRI machines and cryogenics, as well as in scientific experiments and research applications.
The semiconductor industry relies on helium for manufacturing processes, while the aviation sector uses it for air-to-air missile guidance and balloon filler for lighter-than-air vehicles. Helium's role in pulmonary treatment and breathing observation further expands its application In the healthcare sector. The natural resource is extracted from natural gas reservoirs and is a valuable commodity due to its limited availability and unique properties. The market is expected to grow due to increasing demand from various industries, including medical technology, scientific research, and industrial applications. Despite the market's growth, concerns over helium shortages persist due to limited supply and increasing demand.

How is this Helium Industry segmented and which is the largest segment?

The helium industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' 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

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  Middle East and Africa



  South America

By End-user Insights

The medical and healthcare segment is estimated to witness significant growth during the forecast period. The medical and healthcare sector led The market in 2023, driven by its essential role in Magnetic Resonance Imaging (MRI) units and various applications withIn the pharmaceutical, biotechnology, and healthcare industries. Key consumers include North America, specifically the US, Canada, the UK, and Germany in Europe. In the medical field, helium serves as a vital component for maintaining magnet superconductivity in MRI machines, enabling precise diagnostic imaging. Additionally, it is employed as a respiratory aid, facilitating oxygen flow for patients with severe respiratory obstruction, including those with asthma, emphysema, and other breathing disorders. The aging population and increasing prevalence of lifestyle diseases further fuel demand for helium in healthcare.

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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.

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. The North American market holds a significant share In the global 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%.

The global Helium market is forecasted to grow at a noteworthy CAGR of 3.89% between 2025 and 2033. By 2033, market size is expected to surge to USD 5.18 Billion, a substantial rise from the USD 3.67 Billion recorded in 2024.

The Global Helium market size to cross USD 5.18 Billion by 2033. [https://edison.valuemarketresearch.com//uploads/report_images/VMR11211410/helium-market-size.webp]

HELIUM

The Europe Helium Market would witness market growth of 6.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 27,713.2 tonnes, showcasing a growth of 3.2% (2019-2022). The end-use outlook for the medical and healthcare sector in the market reflects

The size and share of this market is categorized based on Application (Cryogenics, Balloon Filling, Lifting Gas, Leak Detection, Medical) and End-Use Industry (Electronics, Aerospace, Healthcare, Automotive, Nuclear) and Distribution Channel (Direct Sales, Distributors, Online Sales, Retail, Auction) and geographical regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).

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

North America held the major market share for more than 40% of the global revenue with a market size of USD 1531.15 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1200.09 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 993.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 157.25 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 165.53 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 91.04 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2025 to 2033.
Aerospace and healthcare industries category is the fastest growing segment of the Helium industry

Market Dynamics of Helium Market

Key Drivers for Helium Market

Helium is essential for cooling superconducting magnets in tech to Boost Market Growth

The helium market is driven by the increasing demand for cooling superconducting magnets, particularly in industries like healthcare (MRI scanners), scientific research (particle accelerators), and electronics. As advancements in quantum computing and high-performance technologies grow, the need for Helium to maintain ultra-low temperatures for superconducting magnets intensifies. Additionally, Helium's critical role in the aerospace sector and its unique properties for leak detection and cryogenics further boost market growth. The rising adoption of renewable energy sources and advancements in medical imaging equipment also contribute significantly to the expansion of the helium market. Supply constraints and geopolitics remain key challenges.

Helium is rare and difficult to extract from the Earth To Boost Market Growth

The helium market is primarily driven by its rarity and difficulty in extraction from Earth. Helium is a non-renewable resource, and its extraction process involves complex technologies such as natural gas field extraction and cryogenic separation, limiting supply. This scarcity enhances Helium's value, particularly in high-demand sectors like medical imaging (MRI), aerospace, and electronics. Additionally, technological advancements in scientific research and the increasing use of Helium in new industries, such as renewable energy and semiconductors, further boost market growth. The growing need for safe, efficient gas storage and handling also plays a significant role in the market's expansion.

Restraint Factor for the Helium Market

Limited helium reserves restrict long-term supply and market growth

The limited reserves of Helium pose a significant constraint on both long-term supply and market growth. As Helium is a non-renewable resource, its extraction is becoming more challenging, with existing reserves depleting over time. This results in rising costs and volatility in supply. Additionally, geopolitical factors, such as the concentration of helium reserves in certain regions, exacerbate the risk of supply disruptions. The increasing demand for Helium in industries like healthcare, electronics, and space exploration further intensifies pressure on the market, highlighting the need for sustainable alternatives or new reserve discoveries.

Market Trends in Helium Market

Rising demand for advanced technologies and healthcare applications

The rising demand for advanced technologies in healthcare is driven by key trends like the adoption of artificial intelligence (AI) for diagnostics and treatment optimization, telemedicine for remote care, and wearable devices for real-time health monitoring. Additionally, personalized medicine is gaining traction, utilizing genetic data to tailor treatments. Robotics and automation are enhancing surgical precision and efficiency, while bloc...

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 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...

Global Helium market size is expected to reach $7.47 billion by 2029 at 7.4%, segmented as by type, liquid helium, gaseous helium

The helium market size was valued at USD 3.3 billion in 2024 and is projected to reach a valuation of USD 6.8 billion by the end of 2037, rising at a CAGR of 5% during the forecast period, i.e., 2025-2037. North America industry is expected to capture revenue share of around 35.8% by the end of 2037, owing to the high demand of helium in electronics, aerospace, and sciences in the region.

The global Helium market is projected to reach a valuation of 3,852.33 billion by 2026, exhibiting a robust CAGR of 6.7%. This growth is primarily attributed to the rising demand for helium in industries such as medical imaging, leak detection, and welding, as well as emerging applications in quantum computing and aerospace. Governmental initiatives to promote helium conservation and the adoption of advanced technologies for helium extraction are further contributing to market expansion. Helium is a noble gas known for its low density and inert nature, making it valuable for various scientific, industrial, and medical applications. It is extracted primarily from natural gas fields, where it accumulates as a result of radioactive decay. Helium's unique properties, such as its exceptionally low boiling and melting points, enable its use in cryogenics for superconductivity and MRI scanners.

Global Helium market may grow through 2028 due to the rise in demand for helium in the healthcare industry. In 2020, India's healthcare sector was worth about USD 280 billion.

United States (US) Helium Market is expected to grow during 2021-2027

Report of High Purity Gaseous Helium Market is currently supplying a comprehensive analysis of many things which are liable for economy growth and factors which could play an important part in the increase of the marketplace in the prediction period. The record of High Purity Gaseous Helium Industry is providing the thorough study on the grounds of market revenue discuss production and price happened. The report also provides the overview of the segmentation on the basis of area, contemplating the particulars of earnings and sales pertaining to marketplace.

The global helium gas market, valued at $3175 million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2025 to 2033. This expansion is driven by several key factors. Increasing demand from the cryogenics sector, particularly in medical applications like MRI and cryopreservation, is a significant contributor. The burgeoning semiconductor and fiber optics industries, reliant on helium's unique properties in manufacturing processes, further fuel market growth. Furthermore, applications in leak detection and gas chromatography within various industries, along with continued use in aerostatics (e.g., weather balloons), contribute to overall market expansion. While supply chain constraints and price volatility related to helium's limited natural resources pose challenges, technological advancements in helium recovery and recycling are mitigating these restraints to some extent. The market segmentation reveals significant contributions from liquid helium and gaseous helium, with cryogenics, semiconductor & fiber optics, and leak detection leading application segments. Major players, including Rasgas, ExxonMobil, Linde, Air Products, Praxair, Air Liquide, and others, compete strategically in this market, investing in capacity expansion and technological innovations to meet the growing global demand. The geographical distribution of the helium gas market reflects strong presence across North America, Europe, and Asia-Pacific. North America currently holds a significant market share driven by substantial demand from the semiconductor and medical sectors in the United States. However, rapid industrialization and technological advancements in Asia-Pacific, particularly in China and India, are projected to drive significant growth in this region over the forecast period. Europe maintains a substantial market share due to its established industries and robust research and development activities. The Middle East and Africa, while currently exhibiting lower market share, are expected to experience moderate growth fueled by infrastructure development and industrial expansion. This geographically diverse market presents both opportunities and challenges for industry participants, requiring strategic localization and adaptation to regional market dynamics.

The global helium market is projected to exhibit a significant growth trajectory, with a market size estimated at 2075.3 million in 2025 and a projected CAGR of 5.3% during the forecast period of 2025-2033. The market growth is driven by increasing demand for helium in cryogenic applications, including medical imaging, research and development, and cooling superconducting magnets. The semiconductor and fiber optics segment is also expected to contribute to market growth due to the increasing need for helium in manufacturing advanced electronic devices. Major market trends include the growing adoption of helium leak detection in various industries, rising demand for helium in welding, and the increasing use of helium in airships and weather balloons. However, the market faces challenges such as supply constraints and price volatility, which could potentially hamper its growth. Key market players include Rasgas (Qa), Exxon (Us), Linde (Us,Au), Air Product (Us), Praxair (Us), Air Liquide (Dz), Gazprom (Ru), PGNiG (Pl), Qatargas (Qa), Taiyo Nippon Sanso, and Messer. The Asia Pacific region is anticipated to emerge as a significant market for helium, driven by the growth of the semiconductor industry and increasing healthcare expenditure in emerging economies like China and India.

The size and share of this market is categorized based on Type (Electronic Grade Helium, Medical Grade Helium, Industrial Grade Helium, Research Grade Helium, Other Grades) and Application (Semiconductors, Cryogenics, Medical Applications, Fiber Optics, Welding and Cutting) and End User (Electronics Industry, Healthcare Industry, Aerospace Industry, Research Institutions, Manufacturing Sector) and geographical regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).