Helium Market Size

Helium Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

Helium is the most important element in the helium market, and the helium market is expected to reach $11 billion by 2035. CAGR of 6.52% from 2025 to 2035. The main reason is the increasing demand for helium in various industries, such as medical care, electronics, and aviation. Besides, the development of MRI and the manufacture of integrated circuits has increased the demand for high-purity helium as a cooling medium and an inert gas. Helium industry The main companies are Air Products and Chemicals, Linde, and ExxonMobil. In order to ensure the stability of helium resources, these companies have formed a partnership to increase the efficiency of helium extraction. The industry will also be able to recognize the value of helium. The application of helium in new products will also drive the growth of the helium market.

Regional Market Size

Regional Deep Dive

The helium market is growing rapidly in all regions, driven by rising demand in such industries as health care, electronics, and aeronautics. North America continues to be a major player because of its established liquefaction capacity and technological leadership, while Europe is increasingly focused on promoting the development of sustainable helium production. Asia-Pacific is experiencing rapid industrialization, which is driving up demand for helium, especially in the semiconductor industry. Middle East and Africa is an emerging market with considerable potential for new exploration projects, while Latin America is slowly developing its helium resources, influenced by such factors as the region's economic development and its investment in technology.

North America

• In the United States, the great suppliers of helium, such as Air Products and chemicals, Inc. and The Linde Group, are developing new extraction methods to ensure supply security.
• Recent changes in American regulations have encouraged the development of projects for helium recovery, especially in the regions of New Mexico and Texas, which are expected to increase domestic production.
• The growing demand for helium, especially for MRI machines, is driving innovation in helium recovery and reducing waste.

Europe

• The European Union has started programs to reduce dependence on imported helium, to encourage the development of local sources, and to encourage the development of helium recovery.
• Air Liquide is investing in the sustainable extraction of helium, in line with the European Commission's Green Deal initiative to reduce the impact of its activities on the environment.
• The increasing use of helium in the electronics industry, especially for cooling applications in data centers, is determining the market dynamics and driving technological developments.

Asia-Pacific

• CHAPTER XI China's helium industry is developing rapidly, and the exploration and exploitation of helium are mainly carried out by state-owned enterprises such as the China National Petroleum Company.
• In the Far East, the demand for helium in the manufacture of semiconductors is increasing, resulting in a growing investment in helium supply.
• In countries like India, the government is supporting the development of industry, which is a favorable environment for helium.

MEA

• A number of countries in the Middle East are investing in helium extraction, for example, Qatar. Ras Laffan is the centre of helium production in the Middle East.
• The MEA region is seeing an increasing number of government and private companies working together to explore the region’s untapped helium reserves, especially in North Africa.
• The regulatory framework, based on sustainable extraction practices, will be further strengthened, which is likely to make the region more attractive for foreign investment in helium projects.

Latin America

• Brazil has recently become a potential helium producer, with the recent discoveries attracting the interest of international companies that want to invest in the exploration.
• The region's economic conditions, including the fluctuating prices of its products, are affecting the development of helium extraction technology and the building of the necessary infrastructure.
• The helium market is still in the process of changing. Cooperation between local governments and international companies to develop helium resources is beginning to take shape.

Did You Know?

“Helium is the second most common element in the universe, but it is relatively rare on earth, and only 0.0005 per cent of the atmosphere is composed of it.” — U.S. Geological Survey (USGS)

Segmental Market Size

Helium's market is divided into several principal areas, of which the industrial sector plays a crucial role in the overall dynamic. This is a segment that is currently growing steadily, primarily as a result of the growing demand for helium in various fields, such as the manufacture of electronic components, medical diagnostics, and aeronautics. The rising popularity of portable devices and the emergence of MRI are two important factors in this demand, as are the regulatory policies which encourage the use of non-toxic gases in industrial processes.

Industrial use is at the stage of mature acceptance, and Air Products and Linde are both establishing a supply chain. Helium is used in cryogenics for MRI and in balloons and airships. And with the emergence of sustainable development and the search for alternative energy sources, the use of helium is set to increase as industry tries to reduce its carbon footprint. And the technology is there, with its advanced gas separation and recovery systems, to make the helium supply more sustainable and efficient.

Future Outlook

The Helium Market is set to grow at a CAGR of 6.52% from 2024 to 2035. This growth is primarily driven by the growing demand for helium in various applications, such as medical imaging, electronics manufacturing, and aerospace technology. High-purity helium is also expected to play a vital role in the cooling and operation of MRI equipment and semiconductor devices.

This report has been prepared with the help of key technological developments and government initiatives, which will further accelerate the growth of the market. The extraction and recovery of helium from new sources and the development of new methods of reclaiming helium are expected to increase the efficiency of the supply chain and reduce the reliance on the use of traditional sources. Government initiatives to promote sustainable practices and reduce greenhouse gas emissions are also expected to promote the development of helium recovery systems. The growing interest in helium-based applications in the field of space exploration and the development of new methods of producing and storing energy will also contribute to the growth of the market. The penetration of helium into high-tech applications is expected to increase significantly, thereby confirming helium's status as an essential resource in the coming decade.