• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    Helium Gas Market

    ID: MRFR/CnM/21206-HCR
    111 Pages
    Pradeep Nandi
    October 2025

    Helium Gas Market Research Report By Application (Medical, Industrial, Electronics, Research and Development), By Purity (High Purity Helium (99.99% or higher), Medium Purity Helium (99% to 99.99%), Low Purity Helium (below 99%)), By Source (Natural Gas, Air Separation Plants), By Form (Liquefied Helium, Compressed Helium), By End User (Healthcare, Manufacturing, Aerospace and Defense, Research Institutions) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

     Helium Gas Market Infographic

    Helium Gas Market Summary

    As per MRFR analysis, the Helium Gas Market Size was estimated at 10.7 USD Billion in 2024. The Helium Gas industry is projected to grow from 11.1 in 2025 to 15.99 by 2035, exhibiting a compound annual growth rate (CAGR) of 3.72 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    <p>The Helium Gas Market is experiencing robust growth driven by diverse applications and technological advancements.</p>

    • The North American region remains the largest market for helium gas, primarily due to its extensive healthcare and aerospace sectors.
    • Asia-Pacific is identified as the fastest-growing region, fueled by increasing demand in electronics and semiconductor manufacturing.
    • The medical segment continues to dominate the market, while the electronics segment is rapidly expanding, reflecting technological innovations.
    • Key market drivers include the rising demand in aerospace applications and the expansion of MRI and medical imaging, which significantly influence market dynamics.

    Market Size & Forecast

    2024 Market Size 10.7 (USD Billion)
    2035 Market Size 15.99 (USD Billion)
    CAGR (2025 - 2035) 3.72%

    Major Players

    Air Products and Chemicals Inc (US), Linde plc (IE), Praxair Inc (US), Noble Gas Solutions Inc (US), Air Liquide S.A. (FR), Messer Group GmbH (DE), Helium One Global Ltd (GB), Balloon Time (US)

    Helium Gas Market Trends

    The Helium Gas Market is currently experiencing a dynamic phase characterized by evolving demand and supply dynamics. The increasing utilization of helium in various sectors, such as healthcare, electronics, and aerospace, appears to drive market growth. Additionally, the rising focus on renewable energy technologies and advancements in scientific research may further bolster the need for helium. As industries seek to innovate and enhance their operational efficiencies, helium's unique properties, such as low density and inertness, are likely to be increasingly valued. Moreover, geopolitical factors and environmental considerations are influencing the Helium Gas Market landscape. The limited availability of helium reserves, primarily concentrated in specific regions, suggests potential supply constraints. This situation may lead to heightened competition among industries for access to this critical resource. Furthermore, the ongoing efforts to develop alternative sources and recycling methods indicate a shift towards sustainability within the market. Overall, the Helium Gas Market is poised for transformation, driven by technological advancements and changing consumer preferences.

    Increased Demand in Healthcare

    The healthcare sector is witnessing a surge in helium usage, particularly in medical imaging technologies such as MRI machines. This trend indicates a growing reliance on helium for diagnostic purposes, which may continue to expand as healthcare innovations progress.

    Technological Advancements in Electronics

    The electronics industry is increasingly adopting helium for various applications, including semiconductor manufacturing and cooling systems. This trend suggests that as technology evolves, the demand for helium in electronics may rise, reflecting the material's critical role in enhancing performance.

    Sustainability Initiatives and Recycling

    There is a noticeable shift towards sustainability within the Helium Gas Market, with companies exploring recycling methods and alternative sources. This trend indicates a growing awareness of environmental impacts and a commitment to reducing reliance on finite helium reserves.

    The global helium gas market appears to be experiencing a dynamic shift, driven by increasing demand across various sectors, including healthcare and technology, while supply constraints may pose challenges to future growth.

    U.S. Geological Survey

    Helium Gas Market Drivers

    Expansion of MRI and Medical Imaging

    The Helium Gas Market is significantly influenced by the healthcare sector, particularly through the expansion of MRI machines and other medical imaging technologies. Helium is essential for cooling the superconducting magnets used in MRI systems, ensuring optimal performance and image quality. As healthcare facilities upgrade their imaging equipment, the demand for helium is expected to rise. Current estimates suggest that the medical imaging segment could represent a considerable portion of the helium market, with a projected growth rate of around 5% annually. This trend underscores the importance of helium in the healthcare industry and its role in enhancing diagnostic capabilities.

    Emerging Applications in Fiber Optics

    The Helium Gas Market is witnessing emerging applications in the fiber optics sector, where helium is utilized in the production of optical fibers. The demand for high-speed internet and advanced communication technologies is propelling the growth of fiber optics, which in turn increases the need for helium. As telecommunications companies invest in infrastructure to support 5G networks and beyond, the helium market is likely to see a corresponding rise in demand. Analysts suggest that the fiber optics segment could account for a significant share of the helium market, reflecting the industry's shift towards more efficient communication solutions.

    Growth in Semiconductor Manufacturing

    The Helium Gas Market is also benefiting from the growth in semiconductor manufacturing, where helium is employed in various processes, including leak detection and as a carrier gas in chemical vapor deposition. The semiconductor industry is projected to expand significantly, driven by the increasing demand for electronic devices and advancements in technology. Reports indicate that the semiconductor segment could contribute to a substantial increase in helium consumption, potentially exceeding 20% of the total market share by 2025. This growth highlights the critical role of helium in supporting the technological advancements that drive the electronics sector.

    Rising Demand in Aerospace Applications

    The Helium Gas Market is experiencing a notable surge in demand due to its critical applications in the aerospace sector. Helium is utilized in various aerospace technologies, including rocket propulsion and cooling systems for superconducting materials. As nations invest in space exploration and satellite technology, the need for helium is projected to increase. Reports indicate that the aerospace segment could account for a substantial share of the helium market, potentially reaching a valuation of several billion dollars by 2026. This trend suggests that the Helium Gas Market is poised for growth, driven by advancements in aerospace technologies and increased governmental funding for space missions.

    Increased Focus on Research and Development

    The Helium Gas Market is being driven by an increased focus on research and development across various scientific fields. Helium is a critical component in cryogenics, particle physics, and other research applications. As research institutions and universities expand their capabilities, the demand for helium is expected to grow. Current trends indicate that investments in scientific research could lead to a notable increase in helium consumption, potentially impacting market dynamics. This emphasis on innovation and exploration suggests that the helium market will continue to evolve, with research applications playing a pivotal role in shaping its future.

    Market Segment Insights

    By By Application: Medical (Largest) vs. Electronics (Fastest-Growing)

    In the Helium Gas Market, the application segment exhibits diverse characteristics driven by various end-user industries. The largest share is held by the medical application, which leverages helium for MRI machines and other critical healthcare technologies. Following closely are industrial and electronics applications, which also represent significant shares due to their unique requirements for high-purity helium in manufacturing and production processes.

    Medical (Dominant) vs. Research and Development (Emerging)

    The medical sector remains the dominant player in the helium gas market, utilizing helium for crucial applications such as MRI machines and breathing mixtures. This segment benefits from robust healthcare infrastructure and continued advancements in medical imaging technologies. In contrast, the research and development segment is emerging rapidly, driven by increasing investments in scientific research and innovative projects that require helium for various experimental processes. This segment showcases a growing need for helium as researchers explore its unique properties in high-energy physics, space exploration, and other cutting-edge studies, positioning it as a key area for future growth.

    By By Purity: High Purity Helium (Largest) vs. Medium Purity Helium (Fastest-Growing)

    The Helium Gas Market is segmented into High Purity, Medium Purity, and Low Purity Helium, with High Purity Helium (99.99% or higher) holding the largest share. This segment is predominantly utilized in applications that demand exceptional quality, including advanced electronics, medical technologies, and scientific research. Medium Purity Helium (99% to 99.99%) follows closely, gaining traction in industrial uses and certain commercial sectors where absolute purity is less critical. Low Purity Helium, while important, occupies a smaller market share as the demand for high-quality gases continues to rise. Growth trends in the Helium Gas Market highlight a significant increase in demand for High Purity Helium, driven by technological advancements in various sectors such as healthcare and electronics. The rise of emerging markets and increasing research activities are contributing to the expansion of Medium Purity Helium applications, positioning it as the fastest-growing segment. Industrial applications are also evolving towards higher purity levels, further solidifying the upward trajectory for High Purity and Medium Purity segments, while Low Purity Helium sees more stable, consistent demand due to its specific uses.

    High Purity Helium (Dominant) vs. Medium Purity Helium (Emerging)

    High Purity Helium, essential in sectors like healthcare, aerospace, and electronics, is recognized for its critical role in advanced applications that require minimal impurities. As the dominant segment, it caters to stringent standards, allowing manufacturers to capitalize on high-value contracts. Meanwhile, Medium Purity Helium is emerging as industries evolve, providing a more cost-effective solution for applications that do not demand the highest quality, thus widening its market applicability. This segment is witnessing rapid growth, particularly in sectors that prioritize efficiency and cost management without sacrificing too much on quality.

    By By Source: Natural Gas (Largest) vs. Air Separation Plants (Fastest-Growing)

    In the Helium Gas Market, the primary source of helium is Natural Gas, which dominates the market share. Natural Gas accounts for a significant proportion of the helium supply due to its abundant presence and established extraction methods. Meanwhile, Air Separation Plants, though currently smaller in terms of market share, are gaining traction as advancements in technology improve their efficiency and production capabilities, making them an attractive alternative for helium extraction.

    Source: Natural Gas (Dominant) vs. Air Separation Plants (Emerging)

    Natural Gas remains the dominant source of helium, capitalizing on years of development and a well-integrated supply chain. Its extraction is well-understood, with economies of scale leading to cost-effective production. In contrast, Air Separation Plants are emerging as a competitive alternative thanks to innovations in cryogenic processes, which allow more efficient separation of helium from other gases. As the need for helium increases in various sectors like medical imaging and electronics, Air Separation Plants are expected to play a crucial role in meeting this growing demand, providing a more sustainable and diverse helium sourcing strategy.

    By By Form: Liquefied Helium (Largest) vs. Compressed Helium (Fastest-Growing)

    In the Helium Gas Market, the market share distribution between Liquefied Helium and Compressed Helium reveals significant insights. Liquefied Helium dominates the segment due to its critical applications in cryogenics and various industrial processes. It holds a substantial share, making it the preferred choice in research facilities and healthcare. Compressed Helium, while smaller, is rapidly gaining traction, particularly in sectors like aerospace and entertainment, where its versatility is being increasingly recognized. The growth trends for these segment values indicate a shift towards Compressed Helium gaining momentum as industries explore efficient alternatives. The growing demand for compact storage solutions and advancements in helium extraction technologies contribute to its rising market share. Furthermore, environmental considerations and regional availability are persuading users to pivot towards Compressed Helium as a viable option, thus driving its fastest growth in the market.

    Form: Liquefied Helium (Dominant) vs. Compressed Helium (Emerging)

    Liquefied Helium is recognized as the dominant form within the Helium Gas Market, attributed to its essential role in applications requiring ultra-low temperatures. Its ability to be stored efficiently in large volumes allows industries such as healthcare, research, and technology to leverage its properties extensively. On the contrary, Compressed Helium, classified as an emerging segment, is swiftly gaining recognition due to its adaptability and diverse usage scenarios. Industries like manufacturing and entertainment are increasingly adopting Compressed Helium for various applications, from inflating balloons to powering scientific experiments. The flexibility of Compressed Helium appeals to a broader market and enhances its growth prospects, positioning it as a promising alternative to Liquefied Helium in certain applications.

    By By End User: Healthcare (Largest) vs. Manufacturing (Fastest-Growing)

    In the Helium Gas Market, the distribution of market share among end-user segments reveals a predominant focus on healthcare, which stands as the largest sector. This includes applications in medical imaging technologies and respiratory therapies where helium's unique properties are invaluable. In contrast, manufacturing, particularly in the production of semiconductors and electronics, is rapidly gaining ground, driven by increasing demand for advanced materials and technologies.

    Healthcare: Medical Imaging (Dominant) vs. Manufacturing: Electronics (Emerging)

    In the healthcare sector, helium is crucial for medical imaging procedures, especially in MRI machines, showcasing its dominant position. With its non-toxic and cryogenic properties, helium enables clearer imaging results, making it indispensable in modern medical practices. On the other hand, the manufacturing segment is emerging as a significant player, particularly in electronics production, where helium is used in processes like laser cutting and making semiconductors. The rising demand for consumer electronics and advanced manufacturing technologies has propelled helium's relevance in this sector, marking its growth trajectory.

    Get more detailed insights about Helium Gas Market

    Regional Insights

    North America : Market Leader in Helium Supply

    North America is the largest market for helium gas, accounting for approximately 60% of the global market share. The region's growth is driven by increasing demand in sectors such as healthcare, electronics, and aerospace. Regulatory support for helium extraction and production, particularly in the U.S., has catalyzed market expansion. The region's established infrastructure and technological advancements further bolster its position as a leader in helium supply. The United States is the primary contributor to this market, with significant production facilities and key players like Air Products and Chemicals Inc and Praxair Inc. Canada also plays a vital role, contributing to the overall market dynamics. The competitive landscape is characterized by a mix of established companies and emerging players, ensuring a robust supply chain and innovation in helium applications.

    Europe : Emerging Market with Growth Potential

    Europe is witnessing a growing demand for helium gas, holding approximately 25% of the global market share. The region's growth is driven by increasing applications in medical imaging, scientific research, and electronics. Regulatory frameworks aimed at promoting sustainable practices and efficient resource management are key catalysts for market growth. Countries like Germany and France are leading the charge, with initiatives to enhance helium recovery and recycling. Germany stands out as a significant player in the helium market, supported by companies like Linde plc and Messer Group GmbH. France also contributes to the competitive landscape, with Air Liquide S.A. playing a crucial role. The presence of these key players, along with a focus on innovation and sustainability, positions Europe as a promising market for helium gas in the coming years.

    Asia-Pacific : Rapidly Growing Demand Region

    Asia-Pacific is rapidly emerging as a significant market for helium gas, accounting for about 10% of the global market share. The region's growth is driven by increasing industrialization, rising healthcare needs, and expanding electronics manufacturing. Countries like China and India are at the forefront, with government initiatives aimed at boosting helium production and usage in various sectors. The demand for helium in cryogenics and semiconductor manufacturing is particularly noteworthy. China is the largest market in the region, with substantial investments in helium extraction technologies. India is also making strides, with a growing number of companies entering the market. The competitive landscape is evolving, with both local and international players vying for market share, ensuring a dynamic environment for helium gas applications.

    Middle East and Africa : Resource-Rich with Growth Opportunities

    The Middle East and Africa region is gradually developing its helium market, currently holding around 5% of the global market share. The growth is primarily driven by the region's rich natural gas reserves, which contain helium. Countries like Qatar and Algeria are exploring opportunities to enhance helium extraction and production. Regulatory frameworks are being established to support sustainable practices and attract foreign investment in the helium sector. Qatar is emerging as a key player, leveraging its natural gas resources to boost helium production. Algeria is also making efforts to develop its helium market, with government initiatives aimed at increasing production capacity. The competitive landscape is characterized by a mix of established companies and new entrants, creating opportunities for growth and innovation in helium applications.

    Key Players and Competitive Insights

    The Helium Gas Market is currently characterized by a dynamic competitive landscape, driven by increasing demand across various sectors, including healthcare, electronics, and aerospace. Key players such as Air Products and Chemicals Inc (US), Linde plc (IE), and Air Liquide S.A. (FR) are strategically positioned to leverage their extensive operational capabilities and technological advancements. These companies are focusing on innovation and regional expansion to enhance their market presence. For instance, Air Products and Chemicals Inc (US) has been investing in new helium extraction technologies, which not only improve efficiency but also align with sustainability goals. This collective emphasis on innovation and operational excellence among major players is shaping a competitive environment that is increasingly focused on value creation rather than mere price competition.

    In terms of business tactics, companies are localizing manufacturing and optimizing supply chains to respond swiftly to market demands. The Helium Gas Market appears moderately fragmented, with a mix of large multinational corporations and smaller regional players. The influence of key players is significant, as they often set industry standards and drive technological advancements that smaller companies may follow. This competitive structure allows for a diverse range of offerings, catering to various customer needs while fostering innovation across the sector.

    In August 2025, Linde plc (IE) announced a strategic partnership with a leading semiconductor manufacturer to supply high-purity helium for advanced chip production. This collaboration is pivotal, as it not only secures a long-term customer but also positions Linde as a critical player in the rapidly evolving semiconductor industry, which is increasingly reliant on helium for cooling and other applications. Such strategic moves indicate Linde's commitment to aligning its operations with high-growth sectors, thereby enhancing its competitive edge.

    In September 2025, Air Liquide S.A. (FR) launched a new helium recovery system aimed at reducing waste and improving sustainability in its operations. This initiative reflects a growing trend towards environmental responsibility within the industry. By investing in sustainable technologies, Air Liquide not only addresses regulatory pressures but also appeals to environmentally conscious consumers, potentially increasing its market share in a competitive landscape that values sustainability.

    In July 2025, Helium One Global Ltd (GB) successfully completed a major helium exploration project in Tanzania, significantly increasing its reserves. This development is crucial for Helium One as it positions the company to meet the rising global demand for helium, particularly in the medical and technological sectors. The successful exploration enhances its credibility and attractiveness to investors, suggesting a robust growth trajectory in the coming years.

    As of October 2025, the Helium Gas Market is witnessing trends that emphasize digitalization, sustainability, and the integration of advanced technologies such as AI. Strategic alliances are becoming increasingly important, as companies seek to enhance their capabilities and market reach through collaboration. The competitive differentiation is likely to evolve, shifting focus from price-based competition to innovation, technological advancements, and supply chain reliability. This transition indicates a future where companies that prioritize sustainable practices and technological integration will likely lead the market.

    Key Companies in the Helium Gas Market market include

    Industry Developments

    • Q3 2025: U.S. Energy Corp. Reports Second Quarter 2025 Results and Provides Update on Industrial Gas Transformation U.S. Energy confirmed major helium and CO2 resources in Montana's Kevin Dome, with a third-party assessment verifying 1.28 BCF of net helium resources. The company is advancing its transformation into industrial gases, with initial wells demonstrating promising helium deliverability, though full-scale production awaits further infrastructure development and regulatory approval.

    Future Outlook

    Helium Gas Market Future Outlook

    The Helium Gas Market is projected to grow at a 3.72% CAGR from 2024 to 2035, driven by increasing demand in healthcare, electronics, and aerospace sectors.

    New opportunities lie in:

    • Expansion of helium recovery systems in natural gas processing plants.
    • Development of portable helium storage solutions for medical applications.
    • Investment in helium recycling technologies to reduce supply chain dependency.

    By 2035, the Helium Gas Market is expected to achieve robust growth, driven by innovative applications and sustainable practices.

    Market Segmentation

    Helium Gas Market Form Outlook

    • Liquefied Helium
    • Compressed Helium

    Helium Gas Market Purity Outlook

    • High Purity Helium (99.99% or higher)
    • Medium Purity Helium (99% to 99.99%)
    • Low Purity Helium (below 99%)

    Helium Gas Market Source Outlook

    • Natural Gas
    • Air Separation Plants

    Helium Gas Market End User Outlook

    • Healthcare
    • Manufacturing
    • Aerospace and Defense
    • Research Institutions

    Helium Gas Market Application Outlook

    • Medical
    • Industrial
    • Electronics
    • Research and Development

    Report Scope

    MARKET SIZE 202410.7(USD Billion)
    MARKET SIZE 202511.1(USD Billion)
    MARKET SIZE 203515.99(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)3.72% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesGrowing demand for helium in advanced technologies and medical applications presents significant opportunities in the Helium Gas Market.
    Key Market DynamicsRising demand for helium in medical applications drives competitive dynamics and supply chain challenges in the market.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

    Leave a Comment

    FAQs

    What is the projected market valuation of the Helium Gas Market by 2035?

    The Helium Gas Market is projected to reach a valuation of 15.99 USD Billion by 2035.

    What was the market valuation of the Helium Gas Market in 2024?

    In 2024, the Helium Gas Market was valued at 10.7 USD Billion.

    What is the expected CAGR for the Helium Gas Market during the forecast period 2025 - 2035?

    The expected CAGR for the Helium Gas Market during the forecast period 2025 - 2035 is 3.72%.

    Which companies are considered key players in the Helium Gas Market?

    Key players in the Helium Gas Market include Air Products and Chemicals Inc, Linde plc, Praxair Inc, and Air Liquide S.A.

    What are the main applications of helium gas in the market?

    The main applications of helium gas include Medical, Industrial, Electronics, and Research and Development.

    What is the projected valuation for the Medical segment of the Helium Gas Market by 2035?

    The Medical segment of the Helium Gas Market is projected to reach a valuation of 3.5 USD Billion by 2035.

    How does the purity of helium gas affect its market valuation?

    High Purity Helium (99.99% or higher) is projected to have a valuation of 6.5 USD Billion by 2035, indicating its premium market position.

    What are the primary sources of helium gas in the market?

    The primary sources of helium gas include Natural Gas and Air Separation Plants, with Natural Gas projected to reach 10.5 USD Billion by 2035.

    What forms of helium gas are available in the market?

    Helium gas is available in forms such as Liquefied Helium and Compressed Helium, with Liquefied Helium projected to reach 9.25 USD Billion by 2035.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Case Study
    Chemicals and Materials

    Compare Licence

    ×
    Features License Type
    Single User Multiuser License Enterprise User
    Price $4,950 $ $7,250
    Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
    Free Customization
    Direct Access to Analyst
    Deliverable Format
    Platform Access
    Discount on Next Purchase 10% 15% 15%
    Printable Versions