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India Helium Market

ID: MRFR/CnM/47554-HCR
111 Pages
Chitranshi Jaiswal
October 2025

India Helium Market Research Report By Form (Liquid, Gas), By Application (Cryogenics, Pressurizing and Purging, Welding, Leak Detection, Breathing Mixtures, Controlled Atmosphere, Others) and By End-Use Industry (Aerospace & Defense, Electrical & Electronics, Medical, Automotive, Energy, Leisure/Recreational, Welding & Metal Fabrication, others) - Forecast to 2035

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India Helium Market Infographic
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India Helium Market Summary

As per analysis, the India helium market is projected to grow from USD 1.99 Billion in 2025 to USD 3.05 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4.33% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The India helium market is experiencing a dynamic shift driven by diverse applications and technological advancements.

  • The cryogenics segment remains the largest contributor to helium consumption in India, primarily due to its extensive use in cooling applications.
  • Medical applications are emerging as the fastest-growing segment, reflecting an increasing reliance on helium for various healthcare technologies.
  • In the electronics sector, helium is crucial for manufacturing processes, while the aerospace segment is rapidly expanding its demand for this gas.
  • Key market drivers include the expansion of the healthcare sector and growing industrial applications, which are significantly influencing helium demand.

Market Size & Forecast

2024 Market Size 1.91 (USD Billion)
2035 Market Size 3.05 (USD Billion)
CAGR (2025 - 2035) 4.33%

Major Players

Indian Oil Corporation Limited (IN), Linde India Limited (IN), Air Products and Chemicals, Inc. (US), Gujarat Fluorochemicals Limited (IN), Reliance Industries Limited (IN), Bharat Petroleum Corporation Limited (IN), Tata Chemicals Limited (IN), Air Liquide India Holding Private Limited (IN)

India Helium Market Trends

The India helium market is currently experiencing a notable transformation, driven by various factors that influence demand and supply dynamics. The increasing utilization of helium in diverse applications, such as medical imaging, electronics manufacturing, and aerospace, appears to be a primary catalyst for growth. Furthermore, the rising awareness regarding the unique properties of helium, including its non-flammable nature and low boiling point, suggests a potential expansion in its applications across different sectors. As industries evolve, the need for reliable helium sources becomes increasingly critical, prompting stakeholders to explore innovative extraction and distribution methods. In addition, the regulatory landscape surrounding helium production and usage in India is evolving. Government initiatives aimed at promoting sustainable practices and efficient resource management may impact the helium supply chain. The emphasis on domestic production and reducing reliance on imports indicates a strategic shift that could reshape the market. Overall, the India helium market is poised for growth, with various factors converging to create a dynamic environment for stakeholders. The interplay between demand, regulatory frameworks, and technological advancements will likely define the future trajectory of this market.

Rising Demand in Healthcare Sector

The healthcare industry in India is increasingly adopting helium for applications such as MRI machines and other medical imaging technologies. This trend indicates a growing recognition of helium's essential role in enhancing diagnostic capabilities, which may drive further investments in healthcare infrastructure.

Technological Advancements in Extraction

Innovations in helium extraction technologies are emerging within India, potentially improving the efficiency of helium recovery from natural gas. These advancements may lead to a more sustainable supply chain, reducing dependence on imported helium and fostering local production.

Focus on Sustainable Practices

There is a noticeable shift towards sustainable practices in the helium market, with stakeholders emphasizing environmentally friendly extraction methods. This trend aligns with broader governmental initiatives aimed at promoting resource conservation and responsible management of helium resources.

Market Segment Insights

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

In the India helium market, cryogenics emerges as the largest segment, commanding significant market share due to its indispensable role in the cooling of superconducting magnets used in MRI machines and particle accelerators. Following behind, other segments like welding, leak detection, balloon inflation, and medical applications, play crucial roles, each contributing to the overall dynamics of helium consumption in various industries. Among these, medical applications are gaining traction, driven by advancements in healthcare and increased demand for medical imaging technologies that utilize helium.

Cryogenics (Dominant) vs. Medical Applications (Emerging)

Cryogenics dominates the application landscape in the India helium market, as it is the foundational technology behind many vital healthcare applications, especially in diagnostics through MRI. The segment benefits from established infrastructure and consistent demand from hospitals and research institutions. In contrast, medical applications, despite being smaller in market share, are rapidly emerging as the fastest-growing area. This growth is fueled by the rising integration of advanced medical technologies and the expanding healthcare sector, leading to heightened reliance on helium for various medical procedures and equipment, thus showcasing a vibrant shift in usage patterns.

By End Use: Electronics (Largest) vs. Aerospace (Fastest-Growing)

In the India helium market, the end-use segment showcases a diverse distribution of applications. Among these, the electronics sector holds the largest share, driven by the increasing demand for semiconductors and advanced electronic devices. This dominance highlights the essential role of helium in manufacturing processes such as cooling and as a protective atmosphere during production. On the other hand, the aerospace industry is rapidly gaining traction, marking it as the fastest-growing segment. The expansion of the aerospace sector in India, with rising investments in both commercial and defense aviation, is propelling helium usage in applications like rocket propulsion and cryogenics.

Electronics (Dominant) vs. Aerospace (Emerging)

The electronics segment is a dominant force in the Indian helium market, primarily fueled by the surge in consumer electronics and the rise of data centers. Companies in this sector leverage helium for its inert properties in various manufacturing processes, ensuring precision and quality in production. Meanwhile, the aerospace sector is emerging as a vital player, with enhanced government initiatives and a focus on developing indigenous capabilities. This sector's helium consumption is expected to rise due to its applications in spacecraft technologies and satellite launch systems. As India strengthens its aerospace ambitions, investments in infrastructure and technology will likely drive significant growth in helium demand.

By Distribution Channel: Direct Sales (Largest) vs. Online Sales (Fastest-Growing)

The distribution of helium in India is predominantly through Direct Sales, which capture the largest market share due to strong relationships between suppliers and industrial consumers, ensuring reliability and consistent supply. In comparison, Online Sales, although currently smaller in share, are rapidly gaining traction, particularly among smaller businesses and startups seeking convenience and accessibility. Growth trends indicate Online Sales as the fastest-growing segment, driven by an increase in e-commerce platforms and digital marketing strategies that reach a wider audience. Moreover, the growing demand for helium in sectors like electronics and healthcare is prompting suppliers to enhance their online presence, making it easier for customers to order helium on-demand and facilitating better logistics management.

Direct Sales: Dominant vs. Online Sales: Emerging

Direct Sales have established themselves as the dominant distribution channel for helium in India, primarily due to their extensive networks, which cater to large-scale industries requiring consistent supply. Companies often develop long-term contracts with direct suppliers, ensuring high levels of reliability and service. Conversely, Online Sales are emerging rapidly in this market, appealing particularly to SMEs that value the convenience of placing orders online without the need for face-to-face negotiations. This segment is characterized by a growing number of startups entering the market, promoting digital platforms specifically designed for gas distribution, thus creating an increasingly competitive landscape.

By Purity Level: High Purity (Largest) vs. Ultra High Purity (Fastest-Growing)

In the India helium market, the purity level segment is marked by significant diversity, predominantly characterized by Standard Purity, High Purity, and Ultra High Purity variants. High Purity helium dominates with a substantial share, primarily due to its extensive use across various industrial applications including electronics and healthcare. Standard Purity, while still relevant, caters to more general uses, whereas Ultra High Purity helium is carving a niche for itself in specialized applications, showing a growing adoption in areas like research and high-end manufacturing. As industries evolve and demand for refined helium quality increases, the growth trend shows Ultra High Purity helium as the fastest-growing segment in the market. Drivers for this rise include advancements in technology necessitating higher purity gas, stringent regulatory standards in specialized sectors, and the increasing focus on efficiency and quality in applications such as semiconductor fabrication. This suggests a movement towards a more quality-driven market where filers are increasingly being adopted to meet these demands.

High Purity (Dominant) vs. Ultra High Purity (Emerging)

High Purity helium stands at the forefront of the purity level segment in the India helium market, owing to its broad application range and robust customer base in sectors like healthcare, space exploration, and welding. Its dominance is supported by reliability and consistency in performance, making it the preferred choice for various industrial processes. Conversely, Ultra High Purity helium is rapidly emerging as an essential choice for high-tech applications, including electronics and research laboratories that require exceptionally low impurity levels. With stringent industry requirements driving demand, Ultra High Purity helium has positioned itself as a critical player, promising growth opportunities as new technologies and techniques demand refined gases.

Get more detailed insights about India Helium Market

Key Players and Competitive Insights

The helium market in India is characterized by a competitive landscape that is increasingly shaped by strategic initiatives aimed at enhancing operational efficiency and market reach. Key players such as Indian Oil Corporation Limited (IN), Linde India Limited (IN), and Gujarat Fluorochemicals Limited (IN) are actively pursuing growth through innovation and partnerships. The market appears to be moderately fragmented, with these companies leveraging their strengths in technology and supply chain management to gain a competitive edge. The collective strategies of these firms suggest a focus on sustainability and digital transformation, which are becoming essential drivers of market dynamics.

In terms of business tactics, companies are localizing manufacturing and optimizing supply chains to enhance responsiveness to market demands. The competitive structure of the helium market indicates a blend of established players and emerging firms, with the former often dominating in terms of market share and technological capabilities. This dynamic fosters a competitive environment where collaboration and strategic alliances are increasingly common, allowing firms to pool resources and expertise.

In November 2025, Linde India Limited (IN) announced a strategic partnership with a leading aerospace company to develop advanced helium applications for high-tech manufacturing. This collaboration is poised to enhance Linde's position in the helium market by tapping into the growing demand for specialized gases in aerospace, thereby diversifying its product offerings and reinforcing its commitment to innovation.

In October 2025, Gujarat Fluorochemicals Limited (IN) unveiled plans to expand its helium production capacity by 30% through the installation of new extraction technologies. This move is significant as it not only increases supply but also positions the company to better meet the rising domestic and international demand for helium, particularly in sectors such as healthcare and electronics, where helium is critical.

In December 2025, Indian Oil Corporation Limited (IN) launched a new initiative aimed at enhancing the sustainability of its helium production processes. This initiative focuses on reducing carbon emissions and improving energy efficiency, reflecting a broader trend within the industry towards environmentally responsible practices. Such efforts are likely to resonate well with stakeholders and customers increasingly concerned about sustainability.

As of December 2025, the competitive trends in the helium market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming a cornerstone of competitive strategy, enabling companies to innovate and respond to market changes more effectively. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident, suggesting that future differentiation will hinge on the ability to innovate and adapt to evolving market needs.

Key Companies in the India Helium Market market include

Industry Developments

Recent developments in the India Helium Market have seen significant activity, particularly with companies like Indian Oil Corporation and Praxair expanding their capabilities. Cryoinfra is actively working on sourcing helium to meet the increasing demand for applications in Medical Technology and Electronics.

In September 2023, Goyal Gases announced plans for a new helium filling station aimed at enhancing supply chain efficiency. The market has seen a growth in valuation primarily due to rising applications across multiple sectors, including aerospace and medical sectors, further solidifying India's position in the global helium market.

In terms of mergers and acquisitions, Advanced Gas Technologies completed a strategic acquisition of a smaller player in August 2023 to bolster its distribution network. Over the last few years, significant advancements have been made, including Bharat Petroleum's efforts to establish a helium extraction project in late 2021, which showcases the growing commitment and competitive landscape in the helium sector.

Current market trends indicate a robust demand, leading to increased investments and technological advancements, with companies such as Air Products and Messer Group also reinforcing their market positions through various initiatives.

Future Outlook

India Helium Market Future Outlook

The India helium market is projected to grow at a 4.33% CAGR from 2024 to 2035, driven by industrial demand, technological advancements, and increased applications in healthcare.

New opportunities lie in:

  • Development of helium recovery systems in industrial processes.
  • Expansion of helium-based applications in MRI technology.
  • Investment in helium storage and distribution infrastructure.

By 2035, the helium market in India is expected to achieve robust growth, positioning itself as a key player in the global landscape.

Market Segmentation

India Helium Market End Use Outlook

  • Electronics
  • Aerospace
  • Healthcare
  • Manufacturing
  • Research

India Helium Market Application Outlook

  • Cryogenics
  • Welding
  • Leak Detection
  • Balloon Inflation
  • Medical Applications

India Helium Market Purity Level Outlook

  • Standard Purity
  • High Purity
  • Ultra High Purity

India Helium Market Distribution Channel Outlook

  • Direct Sales
  • Online Sales
  • Retail Sales
  • Wholesale

Report Scope

MARKET SIZE 20241.91(USD Billion)
MARKET SIZE 20251.99(USD Billion)
MARKET SIZE 20353.05(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)4.33% (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 ProfiledIndian Oil Corporation Limited (IN), Linde India Limited (IN), Air Products and Chemicals, Inc. (US), Gujarat Fluorochemicals Limited (IN), Reliance Industries Limited (IN), Bharat Petroleum Corporation Limited (IN), Tata Chemicals Limited (IN), Air Liquide India Holding Private Limited (IN)
Segments CoveredApplication, End Use, Distribution Channel, Purity Level
Key Market OpportunitiesGrowing demand for helium in healthcare and electronics sectors presents opportunities in the India helium market.
Key Market DynamicsRising demand for helium in India driven by expanding healthcare and electronics sectors, influencing supply chain dynamics.
Countries CoveredIndia

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FAQs

What was the market size of the India Helium Market in 2024?

The India Helium Market was valued at 2.5 USD Billion in 2024.

What is the projected market size for the India Helium Market by 2035?

By 2035, the India Helium Market is projected to reach 4.5 USD Billion.

What is the expected compound annual growth rate (CAGR) for the India Helium Market from 2025 to 2035?

The expected CAGR for the India Helium Market from 2025 to 2035 is 5.489%.

Which form of helium is expected to dominate the market in 2035?

By 2035, the liquid form of helium is expected to dominate the market, valued at 2.2 USD Billion.

What was the market value of gaseous helium in 2024?

In 2024, the market value of gaseous helium was 1.3 USD Billion.

Who are the major players in the India Helium Market?

Key players in the India Helium Market include Indian Oil Corporation, Goyal Gases, Air Products, and Linde.

What are the growth drivers for the India Helium Market from 2025 to 2035?

Growth drivers include increased demand in healthcare, electronics, and aerospace industries.

What challenges might affect the growth of the India Helium Market?

Challenges may include supply constraints and price volatility in the global helium market.

What are the potential applications driving helium demand in India?

Applications driving demand include MRI machines, electronics cooling, and scientific research.

What is the anticipated impact of global market changes on the India Helium Market?

Global market changes may influence the pricing and availability of helium in India.

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