During the last quarter of 2024, the helium prices in India reached 93,840 USD/MT in December. As per the helium price chart, prices exhibited erratic patterns in the quarter. October saw decreases due to stable demand from semiconductors and medical technology, as well as balanced inventories. Prices increased in November due to rising import prices and robust demand from high-tech industries.

Explore IMARC's latest publication, “Helium Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the helium market, providing insights into both global and regional trends that are shaping prices.

The price for bulk helium in the USA during December 2023 settled at 95120 USD/MT. In China, the price for bulk helium stood at 91700 USD/MT in December 2023.

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.

[140 Pages] Gaseous and Liquid Helium Market is expected to reach US$ 29.87 Bn by 2030. Market by Indications, by Distribution Channels and Region

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...

Graph and download economic data for Producer Price Index by Industry: Industrial Gas Manufacturing (PCU3251232512) from Dec 2003 to Feb 2025 about gas, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The global helium reliquefiers market, valued at $219 million in 2025, is projected to experience robust growth, driven by increasing demand across various sectors. The 6.3% CAGR indicates a steady expansion through 2033, fueled primarily by the burgeoning scientific research and industrial applications of helium. Growth is particularly strong in the laboratory and industrial segments, as these sectors require reliable and efficient helium reliquefaction systems to manage their helium resources. Advancements in liquefaction technology, leading to higher efficiency and reduced operational costs in liquefaction rate categories like 10L/D, 15L/D, 20L/D, and 40L/D, are further stimulating market expansion. The rising adoption of cryogenic technologies in various medical applications, particularly MRI and NMR systems, is expected to contribute significantly to market growth in the coming years. Geographic expansion is also likely, with North America and Europe currently dominating the market due to established research infrastructure and strong industrial presence. However, emerging economies in Asia-Pacific are projected to show significant growth, driven by increasing investments in research and development. While the market shows considerable promise, several factors could potentially restrain growth. These include the fluctuating price of helium, the availability of alternative cryogenic gases, and stringent environmental regulations related to helium handling and disposal. Competition among major players like Cryomech, Linde, Air Liquide, Quantum Design, and Chart Industries is also expected to intensify, necessitating continuous innovation and cost optimization strategies. Nevertheless, the overall outlook for the helium reliquefiers market remains positive, with significant opportunities for growth through technological advancements, strategic partnerships, and expansion into new geographical markets. The market segmentation by liquefaction rate provides valuable insights for manufacturers to target their product offerings effectively based on specific customer needs and application requirements.

Global Helium Gas market size 2025 was XX Million. Helium Gas Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

According to Cognitive Market Research, The global neon gas market size is USD 0.251 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 7.20% from 2023 to 2030.

The increased use of cryogenic applications is increasing the need for neon gas.
In the neon gas business, demand for high purity remains high.
In 2023, the automotive and transportation equipment category had the greatest revenue share of the neon gas market.
The Asia Pacific neon gas industry will continue to lead, while the North American neon gas market will grow the most rapidly until 2030.

Increased Use of Cryogenic Applications to Provide Viable Market Output

Cryogenic applications for neon include high-energy particle colliders, rocket propulsion systems, and wave meter tubes. Neon and other noble gases are useful for cryogenic applications due to their low boiling point. As a result, they are gaseous even at low temperatures. High-energy particle colliders are used in nuclear physics to investigate particles. The Higgs Boson particles were examined using the world's largest high-energy collider, the Large Hadron Collider. For most cutting-edge energy and scientific research that does not require extreme chilling, neon is often selected as a cryogenic coolant over helium. The market is being driven by the rising use of neon in cryogenic applications.

Growth of Consumer Electronics and Semiconductors Sectors to Propel Market Growth

Given its critical role in the creation of LCD screens, the neon gas industry is being propelled by the rising consumer electronics sector. Neon gas, which is required for brilliant displays in devices such as TVs and smartphones, contributes to the backlighting required for LCD technology. Furthermore, neon is used in semiconductor fabrication, which is a crucial component in the performance of electronic gadgets. As consumer demand for modern electronics rises, the increased manufacture of LCDs and semiconductors raises the demand for neon gas. This convergence of technology breakthroughs and customer demands places neon gas as a significant enabler in driving market growth.

The increasing adoption of lasers across various end-use industries is driving the Neon Gas Market

Market Dynamics of Neon Gas

Variations in Neon Production Costs to Restrict Market Growth

Neon gas is present at a low concentration in the earth's atmosphere, i.e., 18 ppm. It is created through a fractional distillation process of liquid air, accompanied by the separation of helium from the mixture. Because of this manufacturing process, the price of neon gas is both expensive and volatile. This is the primary constraint for the Neon Gas Market. Consumers prefer alternative gas due to high pricing, slowing the growth rate of the Neon Gas business.

Impact of COVID–19 on the Neon Gas Market

The COVID-19 pandemic had a mixed effect on the neon gas industry. While industrial disruptions caused a temporary drop in demand, the healthcare sector observed a rise in demand for neon gas in medical applications such as neonatal care and diagnostic equipment. Manufacturing and building slowed during lockdowns, affecting industrial gas use, notably neon. However, the revival of economic activity and the continuing need for medical applications aided in the steady recovery. The neon gas market showed resiliency, with swings influenced by pandemic-related interruptions and subsequent recoveries in specific sectors. Introduction of Neon Gas

Neon gas is an inert monoatomic gas that belongs to the group of 18 elements on the periodic chart. It has no flavor, odor, or color and is lighter than air. Neon is known in the electric area for its ability to produce light and brilliant colors, making it an extremely versatile component in the image and lighting industries. Because of neon's ability to generate incredibly penetrating lasers, it is also commonly utilized in the production of fog lights. As a result, neon gas is becoming more popular in cold-weather zones. It is also utilized in the lithography step, which is essential for the manufacture of semiconductor devices used in the automotive and electronics industries.

The Middle East and Africa Noble Gas market will be USD 56.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. The market is foreseen to reach USD 88.9 million by 2031, owing to increased industrialization and infrastructure development, particularly in the oil and gas sector.