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

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.

The global air-cooled helium compressor market is experiencing robust growth, driven by increasing demand across diverse sectors. The semiconductor industry, a major consumer, relies heavily on these compressors for various fabrication processes requiring precise temperature control. The burgeoning medical industry, particularly in MRI and cryogenic applications, further fuels market expansion. Aerospace applications, including satellite cooling and rocket propulsion systems, also contribute significantly. While the exact market size in 2025 is unavailable, considering a conservative Compound Annual Growth Rate (CAGR) of 8% from a hypothetical 2019 market size of $1.5 billion (based on common market sizes for related compressor technologies), the 2025 market size could reasonably be estimated around $2.2 billion. This figure is further bolstered by projections suggesting a steady growth trajectory through 2033. Market segmentation reveals the piston helium compressor holds a significant market share, but centrifugal and screw compressors are gaining traction due to their superior efficiency and performance capabilities in certain applications. Geographical analysis indicates North America and Europe currently dominate the market, owing to a strong industrial base and advanced technological infrastructure. However, Asia-Pacific, particularly China and India, are experiencing rapid growth due to burgeoning industrialization and increasing investments in high-tech sectors. Restraints on market growth include the volatile price of helium, stringent environmental regulations concerning helium gas handling, and the high initial investment cost of these sophisticated compressors. Nevertheless, the long-term prospects for the air-cooled helium compressor market remain exceptionally positive, driven by ongoing technological advancements, expanding applications, and increasing demand across key industries.

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.