Helium Market Research Report By Application (Cryogenics, Balloons, Welding, Leak Detection, Semiconductors), By End Use Industry (Healthcare, Electronics, Aerospace, Automotive, Nuclear), By Purity Level (Industrial Grade, Electronic Grade, Ultra-High Purity), By Distribution Channel (Direct Sales, Distributors, Online Sales) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

Helium Market Summary

As per MRFR Analysis, the Global Helium Market is projected to grow significantly, driven by increasing demand across various sectors such as healthcare, electronics, and aerospace. The market was valued at 5.15 USD Billion in 2023 and is expected to reach 5.49 USD Billion in 2024, with a forecasted growth to 11 USD Billion by 2035. The compound annual growth rate (CAGR) during the period from 2025 to 2035 is estimated at 6.53%. Key applications include cryogenics, balloons, welding, leak detection, and semiconductors, highlighting helium's critical role in modern technology and industrial processes.

Key Market Trends & Highlights

The Global Helium Market is experiencing transformative trends driven by technological advancements and industrial needs.

• Healthcare sector's demand for helium in MRI machines is projected to increase as chronic diseases rise by 17% globally in the next decade.
• Electronics manufacturing is set to benefit from helium's role in semiconductor production, with global sales expected to reach approximately 450 billion USD in 2023.
• Space exploration initiatives are driving helium demand, with the market projected to grow from 350 billion USD in 2020 to over 1 trillion USD by 2040.
• Sustainable practices and local production initiatives are emerging as key opportunities in the helium supply chain.

Market Size & Forecast

2023 Market Size: USD 5.15 Billion

2024 Market Size: USD 5.49 Billion

2035 Market Size: USD 11 Billion

CAGR (2025-2035): 6.53%

Largest Regional Market Share in 2024: North America

Major Players

Praxair, Royal Helium, Meridian Lithium, ExxonMobil, Noble Helium, American Helium, Helium One Global, Linde, Queen's University Belfast, Racer Technology, Helium Capital, Iwatani Corporation, Air Products and Chemicals, Gazprom, Uniper

Key Helium Market Trends Highlighted

The Helium Market is experiencing important trends driven primarily by the growing demand from various sectors, such as healthcare, electronics, and space exploration. With the increasing use of helium in MRI machines and other medical applications, the need for high-purity helium is rising. Additionally, the expansion of the semiconductor manufacturing industry is creating a significant requirement for helium, as it is essential for cooling processes and creating inert environments. Another key market driver is the exploring of alternative sources of helium, particularly from natural gas extraction, which is becoming essential due to the depletion of existing helium reserves.

Opportunities to be explored in the Helium Market include the development of helium recycling technologies and the investment in new extraction technologies, which can help mitigate supply shortages. Moreover, countries rich in natural gas are emphasizing the extraction of helium as a byproduct, thereby enabling increased availability and reduced dependency on imports. The focus on sustainability and environmental impacts could drive innovations in the helium supply chain, making it more efficient and less wasteful.  Trends in recent times also show a rising interest in the exploration of helium-rich gas fields globally. This trend is influenced by the increasing realization of helium's critical role in modern technology and its limited supply, prompting nations to seek new resources.

Furthermore, the regulatory landscape is evolving, with various governments intensifying their focus on helium conservation measures to secure supplies for future use. Overall, the Helium Market is positioned for change, with key trends highlighting the need for sustainable production and innovative applications across multiple industries.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Helium Market Drivers 

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  Increased Demand for Medical Applications

  
  

The helium market is expanding rapidly due to rising demand for helium in medical applications, notably magnetic resonance imaging (MRI) devices. Helium is essential for sustaining the superconducting magnets included in this imaging equipment. According to the World Health Organization (WHO), the number of MRI scans conducted worldwide has increased by almost 20% over the last decade, showing an increasing dependence on this technology in medical diagnoses.

As healthcare systems upgrade and grow, demand for helium is likely to increase, benefiting the entire industry. Major medical organizations, like as the American Hospital Association, state that improved imaging methods are becoming more prevalent, underlining the necessity for helium in healthcare. This pattern shows that as the medical sector grows, the helium market will continue to profit from rising demand in MRI applications and other medical technologies, resulting in growth in the Helium Market sector.

Rising Applications in Semiconductor Manufacturing

The Helium Market Industry is being significantly stimulated by its essential role in the semiconductor manufacturing process. Helium is used in the production of electronic components, specifically in cooling systems and as a carrier gas in various manufacturing processes. The semiconductor industry has seen substantial growth, with the Semiconductor Industry Association (SIA) reporting a 25% increase in semiconductor sales in the last year, which emphasizes the elevation of technological advancements and electronic products' demand.

This surge indicates that the production of semiconductors is a major contributor to the helium market. With the continuous push towards advanced technologies and the Internet of Things (IoT), the demand for semiconductors is likely to increase, ultimately driving the need for helium in this sector and propelling growth in the Helium Market Industry worldwide.

Growth of Space Exploration Programs

The Helium Market Industry is also bolstered by the growth of space exploration programs, which require helium for various applications, including pressurization of fuel tanks and cooling of rocket systems. As countries like the United States, China, and members of the European Space Agency invest heavily in space exploration, the demand for helium is projected to increase. For instance, NASA has outlined plans for multiple upcoming space missions, aiming to launch over ten new missions by 2025, which will include launches to the Moon and Mars.

This acceleration in space exploration efforts will likely heighten the demand for helium. Furthermore, rising private investments in space technologies, illustrated by companies such as SpaceX and Blue Origin, reinforces the trend. As these programs expand their operations, the helium market will thrive in response to their needs, effectively driving growth in the Helium Market Industry.

Helium Market Segment Insights

Helium Market Application Insights

The Helium Market, particularly in the Application segment, exhibits a robust framework with diverse uses across various sectors. In 2024, this segment is geared towards substantial valuations, attributed largely to the critical roles helium plays in numerous applications. For instance, Cryogenics emerges as a dominating application, projected to hold a valuation of 2.2 USD Billion in 2024, significantly growing to 4.4 USD Billion by 2035. This growth is driven primarily by the increased demand for superconductivity and its essential use in medical imaging technologies like MRI machines, highlighting the necessity for helium in clinical applications.

Following Cryogenics, the Balloons application segment, valued at 1.15 USD Billion in 2024, is expected to double to 2.3 USD Billion by 2035. The recreational use of helium in balloons remains significant as it provides safety over hydrogen, bolstering this segment's importance in entertainment and events. Additionally, the Welding application of helium, which is valued at 0.9 USD Billion in 2024, and expected to reach 1.8 USD Billion in 2035, underscores its critical function in ensuring high-quality welds in various metals. Helium's unique properties enhance arc stability and reduce contamination during welding processes.

The Leak Detection segment, although smaller, holds a valuation of 0.7 USD Billion in 2024, projected to grow to 1.4 USD Billion by 2035, remains significant due to the increasing necessity for safety and security across numerous industries, such as automotive and aerospace, where detecting small leaks can save costs and enhance operational safety. Lastly, the Semiconductors segment initially valued at 1.54 USD Billion in 2024, presents a unique aspect of the helium market as it is crucial in manufacturing processes for integrated circuits and microprocessors.

However, it is expected to decrease to 1.1 USD Billion by 2035, reflecting shifting trends and the evolution of technology. Overall, the Helium Market segmentation in Applications displays a diversified portfolio that highlights the essential nature of helium across these domains, projecting a positive outlook driven by technological advances, safety considerations, and recreational uses.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Helium Market End Use Industry Insights  

The Helium Market is experiencing significant growth across various end use industries, with a market valuation projected to reach 5.49 billion USD by 2024. This market is structured around several key industries, including Healthcare, Electronics, Aerospace, Automotive, and Nuclear. Each holds unique significance, with Healthcare being crucial for medical imaging and respiratory applications, driving demand for high-purity helium. The Electronics sector utilizes helium in the production of semiconductors and lasers, contributing to its rapid expansion.

Aerospace employs helium in testing and launching various crafts and tools, proving essential for safety and functionality. The Automotive industry increasingly relies on helium for specialized manufacturing processes, while the Nuclear sector uses it for cooling systems and other critical applications. The diverse applications across these industries create a robust Helium Market segmentation, with growth fuelled by advancements in technology and increased research and development investments. Further, developments within major economies are fostering market growth and addressing challenges such as supply chain constraints and pricing volatility.

The upward trajectory of the Helium Market revenue reflects the escalating importance of helium across these vital sectors in the economy. 

Helium Market Purity Level Insights

The Helium Market is significantly influenced by its Purity Level segment, which plays a crucial role in determining the applications and pricing of helium. In 2024, the overall market is projected to be valued at 5.49 billion USD, reflecting the growing demand driven by various industries. The Purity Level segment consists of categories such as Industrial Grade, Electronic Grade, and Ultra-High Purity. Industrial Grade helium, widely used in manufacturing and logistics, serves as a major component in numerous processes but does not require the highest purity levels.

In contrast, Electronic Grade helium is vital in the production of semiconductors and other electronic components, where purity can greatly affect performance. Meanwhile, Ultra-High Purity helium is essential for applications that demand the highest quality, such as in medical and scientific settings, indicating a trend where stringent purity standards drive market growth. These segments collectively reflect a broader trend in the Helium Market, where the emphasis on purity correlates with advancements in technology and increasing safety standards, showcasing an evolving landscape that presents both opportunities and challenges for market players.

Helium Market Distribution Channel Insights

The Helium Market, valued at 5.49 billion USD in 2024, showcases a diverse Distribution Channel landscape essential for reaching end-users efficiently. The segmentation includes Direct Sales, Distributors, and Online Sales, each playing a vital role in market dynamics. Direct Sales is often favored by industries requiring high purity helium for specific applications, such as Research and Development, while Distributors provide extensive networks that enhance accessibility for various sectors, enabling wider reach and convenience. Online Sales have gained traction, particularly fueled by the increasing need for quick, hassle-free procurement methods amid the growing demand in healthcare, electronics, and aerospace applications.

The overall market growth reflects robust opportunities driven by rising applications of helium in advanced technologies, yet it also faces challenges like supply chain disruptions and fluctuating production rates. Understanding this segmentation illustrates how each channel contributes uniquely to the Helium Market revenue, ensuring optimal distribution to meet rising demand, projected to reach 11.0 billion USD by 2035. Overall, the continual evolution in distribution strategies is pivotal for facilitating market penetration and sustaining competitive advantages in the evolving market landscape. 

Helium Market Regional Insights

The Helium Market is experiencing significant growth across various regions, reflecting diverse demand and application scopes. In 2024, the regional market is valued at 5.49 USD Billion, with North America dominating as the largest segment at 2.05 USD Billion, primarily driven by robust industrial applications and innovations in technology. Europe follows with a valuation of 1.6 USD Billion, supported by research initiatives and healthcare applications. South America, though smaller, is emerging with a valuation of 0.35 USD Billion, indicating potential growth opportunities.

The Asia Pacific region is valued at 1.25 USD Billion, witnessing increased usage in electronics and manufacturing, while the Middle East and Africa market stands at 0.24 USD Billion, reflecting nascent development but with significant prospects for expansion. The overall regional segmentation showcases varying degrees of demand, with North America and Europe holding a majority share, driven by their advanced industries and technological development, thus making these areas significant players in the Helium Market statistics. This strong regional presence aligns with trends in market growth, research, and development initiatives across different sectors. 

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Helium Market Key Players and Competitive Insights

The Helium Market is witnessing substantial competition due to the increasing demand for helium in various sectors such as healthcare, aerospace, and technology. Key players in the market are consistently striving to establish their presence through strategic alliances, technological advancements, and sustainable practices. The market dynamics are further shaped by geographic distribution, as countries with abundant helium reserves seek to leverage these resources for industrial applications. Emerging economies are also becoming significant in this arena, reflecting the growing reliance on helium and its derivatives. Additionally, the industry's regulatory environment and fluctuating prices continue to create challenges and opportunities for market participants, necessitating a keen focus on innovation and efficiency to maintain a competitive edge.

Ball Aerospace has positioned itself effectively within the Helium Market by leveraging its existing expertise in aerospace technology and systems. The company capitalizes on its strong reputation for innovation, particularly in the design and production of advanced aerospace components that often utilize helium for cooling and buoyancy applications. Ball Aerospace benefits from a robust supply chain and strategic partnerships that enhance its ability to deliver high-quality solutions tailored to customers’ needs. Its emphasis on research and development ensures that it remains competitive and can respond to emerging market trends and demands effectively. This ability to adapt and innovate in line with market conditions is a crucial strength that allows Ball Aerospace to occupy a solid footing in this evolving industry landscape.

On the other hand, Air Products and Chemicals holds a significant market presence within the Helium Market, primarily focusing on the production and distribution of industrial gases, with helium being a notable segment. The company's strengths lie in its comprehensive portfolio of products and services that cater to a diverse range of industries, including healthcare, manufacturing, and scientific research. Air Products' footprint allows it to serve customers across various regions efficiently, backed by its commitment to sustainability and innovation. The company has engaged in strategic mergers and acquisitions, enhancing its capacity and market share in helium production and distribution. Through these strategic initiatives, Air Products and Chemicals not only fortifies its position but also expands its capabilities to meet the evolving demands of the market, thus reinforcing its standing as a leader in the helium sector.

Key Companies in the Helium Market Include 

• Ball Aerospace


• Air Products and Chemicals


• Renergen


• Matheson TriGas


• Praxair


• Westmoreland Mining LLC


• ExxonMobil


• American Helium


• Gazprom


• Air Liquide


• Noble Gas Solutions


• Linde


• Quantum Gas


• Helium One

Helium Market Industry Developments

The Helium Market has seen significant activity recently, with various companies making notable strides. In September 2023, Ball Aerospace announced a partnership with Air Liquide to enhance helium supply in aerospace applications, reflecting a growing demand driven by technological advancements. Additionally, Matheson TriGas expanded its helium operations in North America to cater to increasing market needs, which demonstrates a positive trend in market valuation. In August 2023, Renergen, an emerging player, reported a substantial helium reserve discovery, buoying expectations for future production levels. Meanwhile, Linde and Praxair have engaged in strategic collaborations aimed at optimizing logistics for helium delivery systems globally. Current affairs show that ExxonMobil and Gazprom are investing in new extraction technologies to boost helium yield, addressing supply shortages exacerbated by geopolitical tensions. Over the last few years, the market has experienced volatility, but signs of stabilization emerged, with a projected increase in market valuation due to heightened demand across sectors, particularly in electronics and healthcare. The market is continuously evolving, influenced by innovations and strategic partnerships among key companies like American Helium, Noble Gas Solutions, and Quantum Gas.

Helium Market Segmentation Insights 

Helium Market Application Outlook

• Cryogenics


• Balloons


• Welding


• Leak Detection


• Semiconductors 

Helium Market End Use Industry Outlook

• Healthcare


• Electronics


• Aerospace


• Automotive


• Nuclear 

Helium Market Purity Level Outlook

• Industrial Grade


• Electronic Grade


• Ultra-High Purity 

Helium Market Distribution Channel Outlook

• Direct Sales


• Distributors


• Online Sales 

Helium Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa 

Report Attribute/Metric	Details
Market Size 2023	5.15(USD Billion)
Market Size 2024	5.49(USD Billion)
Market Size 2035	11.0(USD Billion)
Compound Annual Growth Rate (CAGR)	6.52% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Ball Aerospace, Air Products and Chemicals, Renergen, Matheson TriGas, Praxair, Westmoreland Mining LLC, ExxonMobil, American Helium, Gazprom, Air Liquide, Noble Gas Solutions, Linde, Quantum Gas, Helium One
Segments Covered	Application, End Use Industry, Purity Level, Distribution Channel, Regional
Key Market Opportunities	Rising demand in healthcare applications, Growth in semiconductor manufacturing, Expanding space exploration initiatives, Increased usage in cryogenics, Advancements in renewable energy technologies
Key Market Dynamics	increased demand in healthcare, industrial applications growth, supply chain constraints, investment in exploration, geopolitical tensions impacting supply
Countries Covered	North America, Europe, APAC, South America, MEA