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Helium Market

ID: MRFR/CnM/6590-HCR
140 Pages
Chitranshi Jaiswal
October 2025

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

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Helium Market Infographic
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Helium Market Summary

As per MRFR analysis, the Helium Market Size was estimated at 23.9 USD Billion in 2024. The Helium industry is projected to grow from 24.94 USD Billion in 2025 to 38.11 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4.33 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Helium Market is currently experiencing robust growth driven by diverse applications and technological advancements.

  • North America remains the largest market for helium, primarily due to its extensive use in healthcare and aerospace applications.
  • The Asia-Pacific region is emerging as the fastest-growing market, fueled by increasing demand in electronics and semiconductor manufacturing.
  • The healthcare segment continues to dominate the market, while the balloons segment is witnessing rapid growth due to rising consumer demand.
  • Key market drivers include the expansion of MRI and medical imaging technologies, alongside the rising demand in aerospace applications.

Market Size & Forecast

2024 Market Size 23.9 (USD Billion)
2035 Market Size 38.11 (USD Billion)
CAGR (2025 - 2035) 4.33%

Major Players

Air Products and Chemicals Inc (US), Linde plc (IE), Praxair Technology Inc (US), Noble Gas Solutions Inc (US), Ball Aerospace (US), Air Liquide S.A. (FR), Helium One Global Ltd (GB), Iwatani Corporation (JP), Gazprom (RU)

Helium Market Trends

The Helium 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 enhance their operational efficiency and innovate, helium's unique properties, such as low density and inertness, position it as a critical resource. Despite these positive indicators, challenges persist within the Helium Market. Supply constraints, often attributed to geopolitical factors and limited production facilities, could hinder growth potential. Furthermore, the market may face competition from alternative gases, which might impact helium's market share. Stakeholders are likely to navigate these complexities while exploring opportunities for sustainable sourcing and efficient utilization of helium resources. Overall, the Helium Market seems poised for a transformative period, with both opportunities and challenges shaping its trajectory.

Increased Demand in Healthcare

The healthcare sector's growing reliance on helium for various applications, including MRI machines and cryogenics, suggests a robust demand trajectory. As medical technologies advance, the need for helium is likely to expand, driving market growth.

Technological Advancements in Electronics

Innovations in electronics, particularly in semiconductor manufacturing and cooling systems, indicate a rising consumption of helium. This trend may enhance the market's appeal as industries seek efficient solutions for high-performance applications.

Sustainability Initiatives

The Helium Market appears to be influenced by a shift towards sustainability, with companies exploring eco-friendly extraction methods. This focus on sustainable practices may reshape sourcing strategies and enhance the market's long-term viability.

Helium Market Drivers

Rising Demand in Aerospace Applications

The Helium Market is experiencing a notable surge in demand due to its critical applications in the aerospace sector. Helium Market is utilized in various aerospace technologies, including rocket propulsion and satellite systems. The increasing investments in space exploration and satellite launches are propelling the need for helium, as it serves as a cooling agent for rocket engines and helps maintain the integrity of satellite systems. According to recent data, the aerospace sector is projected to account for a significant share of the helium market, with estimates suggesting a growth rate of approximately 5% annually. This trend indicates a robust future for the helium market, driven by advancements in aerospace technologies and the growing interest in space missions.

Strategic Partnerships and Collaborations

The Helium Market is experiencing a shift due to strategic partnerships and collaborations among key players. Companies are increasingly forming alliances to enhance their production capabilities and expand their market reach. These collaborations often focus on developing new technologies for helium extraction and refining, which could lead to more efficient and sustainable practices. Recent reports indicate that partnerships in the helium sector are likely to increase, as companies aim to address supply chain challenges and meet the growing demand for helium. This trend may result in a more competitive market landscape, fostering innovation and potentially stabilizing helium prices in the long term.

Emerging Applications in Research and Development

The Helium Market is also benefiting from emerging applications in research and development across various scientific fields. Helium Market is utilized in cryogenics, particle physics, and other research applications that require low temperatures. The increasing focus on scientific research and technological innovation is likely to drive the demand for helium in laboratories and research institutions. Recent data indicates that investments in research and development are on the rise, with many countries allocating significant budgets to scientific exploration. This trend suggests a potential increase in helium consumption as researchers seek to utilize its unique properties for advanced experiments and studies.

Expansion of MRI and Medical Imaging Technologies

The Helium Market is significantly influenced by the expansion of MRI and other medical imaging technologies. Helium Market is essential for cooling superconducting magnets in MRI machines, which are increasingly being adopted in healthcare facilities worldwide. The rising prevalence of chronic diseases and the growing emphasis on early diagnosis are driving the demand for advanced medical imaging solutions. Recent statistics indicate that The Helium Market is expected to grow at a compound annual growth rate of around 6% over the next few years, thereby enhancing the demand for helium. This trend underscores the critical role of helium in the healthcare sector, as it supports the functionality and efficiency of medical imaging technologies.

Growth in Electronics and Semiconductor Manufacturing

The Helium Market is witnessing growth due to the increasing demand for helium in electronics and semiconductor manufacturing. Helium Market is utilized in various processes, including the production of fiber optics and semiconductor fabrication. As the demand for electronic devices continues to rise, driven by advancements in technology and consumer electronics, the need for helium is expected to increase correspondingly. Recent market analyses suggest that the semiconductor industry is projected to grow at a rate of approximately 7% annually, which could lead to a substantial rise in helium consumption. This growth reflects the essential role of helium in ensuring the quality and performance of electronic components.

Market Segment Insights

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

In the Helium Market, the application segment is diverse, with notable contributions from cryogenics, balloons, welding, leak detection, and semiconductors. Cryogenics holds the largest share, thanks to its indispensable role in cooling superconductors and in medical imaging technologies. Balloons, while smaller in comparison, represent a rapidly growing segment, driven by increasing demand for party supplies and promotional events. This dynamic showcases the varied applications of helium and how each segment captures a unique consumer base.

Cryogenics (Dominant) vs. Balloons (Emerging)

Cryogenics remains the dominant application for helium due to its essential role in numerous scientific and medical applications, including MRI machines and particle accelerators, which require extreme cooling capabilities. As industries continue to innovate in superconductivity, the demand for helium in this segment remains robust. In contrast, the balloons segment is emerging as a significant player, driven by trends in event planning and marketing. This category not only meets consumer demands for celebration but also leverages creative designs, including helium-filled foil balloons which are seeing increased popularity. Together, these segments highlight the balance between established and evolving uses of helium.

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

The helium market is divided across several key end use industries, with healthcare leading in market share. The demand in healthcare primarily arises from its use in medical applications such as MRI machines and various analytical processes. Following healthcare, the electronics sector is witnessing a significant uptick in helium usage, primarily due to the growing consumption of semiconductors and high-tech devices. Other industries like aerospace, automotive, and nuclear also play important roles but are comparatively smaller in terms of market share.

Healthcare (Dominant) vs. Electronics (Emerging)

The healthcare sector remains the dominant end use for helium, leveraging its unique properties for medical imaging and laboratory processes. As hospitals and clinics expand their diagnostic capabilities, helium’s role in Magnetic Resonance Imaging (MRI) systems is pivotal. Conversely, the electronics industry is emerging rapidly, driven by the increasing demand for consumer electronics and advanced technologies. This sector utilizes helium in the manufacturing of semiconductors, packaging, and laser processes. As electronics continue to evolve, with innovations like 5G and IoT, helium’s significance is likely to grow in parallel, presenting potential opportunities for stakeholders.

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

The helium market is segmented into three primary purity levels: Industrial Grade, Electronic Grade, and Ultra-High Purity. Among these, Ultra-High Purity helium holds a significant share due to its critical applications in the semiconductor and healthcare industries. Electronic Grade helium is also gaining traction, particularly in technology sectors, making it a notable player in the market. Industrial Grade, while essential, trails behind in terms of overall market share, primarily serving traditional sectors such as welding and manufacturing.

Ultra-High Purity (Dominant) vs. Electronic Grade (Emerging)

Ultra-High Purity helium is characterized by its exceptionally low levels of contaminants, making it ideal for sensitive applications, especially in the electronics and medical fields. This grade of helium is crucial for the manufacturing of semiconductors and MRI machines. In contrast, Electronic Grade helium is emerging as a vital component in high-tech industries, driven by the demand for precision and quality in electronic manufacturing. Although it currently commands a smaller market share, its growth trajectory is impressive due to increasing innovation in electronics, positioning it as a key player in the evolving helium market.

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

The Helium Market distribution channels exhibit a diverse array of sales methods. Direct Sales holds the largest share, showcasing its significant role in facilitating helium transactions across various sectors. This channel benefits from established relationships between producers and consumers, allowing for tailored offerings and reliable supply chains. On the other hand, Distributors are rapidly gaining traction, leveraging their extensive networks to reach more customers and provide efficient delivery mechanisms, making them an essential component of the market.

Direct Sales (Dominant) vs. Distributors (Emerging)

Direct Sales remains the dominant distribution channel in the Helium Market, characterized by strong direct relationships between suppliers and end-users, ensuring a seamless supply of helium. This channel is crucial for industries such as healthcare and electronics, where product specifications and quality assurance are paramount. In contrast, Distributors are emerging as vital players, offering flexibility and a broad product range to cater to diverse market needs. They play a critical role in bridging the gap between helium producers and end consumers, enhancing market accessibility and efficiency. As they adapt to evolving consumer demands, distributors are likely to reshape the competitive landscape, addressing the growing need for prompt and reliable helium supply.

Get more detailed insights about Helium Market

Regional Insights

North America : Innovation and Demand Surge

North America dominates the helium market, accounting for approximately 60% of global demand. The region's growth is driven by increasing applications in healthcare, electronics, and aerospace. Regulatory support for helium extraction and environmental considerations are also significant catalysts. The U.S. is the largest market, followed by Canada, which contributes around 15% to the overall market share. Key players such as Air Products and Chemicals Inc, Linde plc, and Praxair Technology Inc are pivotal in this region. The competitive landscape is characterized by technological advancements and strategic partnerships. The presence of major helium reserves in the U.S. further strengthens its market position, ensuring a steady supply to meet rising demand across various sectors.

Europe : Emerging Market with Regulations

Europe is witnessing a growing helium market, holding approximately 20% of the global share. The demand is primarily driven by the healthcare sector, particularly in MRI applications, and the electronics industry. Regulatory frameworks aimed at sustainable resource management are catalyzing market growth. Germany and France are the leading countries, contributing significantly to the market with a combined share of around 10%. The competitive landscape features key players like Air Liquide S.A. and Linde plc, which are investing in innovative technologies to enhance helium recovery and distribution. The European market is characterized by stringent regulations that promote environmental sustainability, ensuring a balanced approach to resource utilization. This regulatory environment is expected to foster further growth in the helium sector.

Asia-Pacific : Rapid Growth and Demand

Asia-Pacific is rapidly emerging as a significant player in the helium market, accounting for about 15% of global demand. The region's growth is fueled by increasing industrialization, particularly in countries like China and India, where helium is essential for various applications, including manufacturing and healthcare. The rising demand for electronics and semiconductor production is also a key driver. China is the largest market in the region, followed by Japan and India. The competitive landscape is evolving, with local players and international companies like Iwatani Corporation and Gazprom expanding their operations. The region's focus on technological advancements and infrastructure development is expected to further boost helium consumption, making it a vital market for future growth.

Middle East and Africa : Resource-Rich Frontier

The Middle East and Africa region is characterized by its untapped helium potential, 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 leading the way in helium extraction, supported by favorable regulations and investments in infrastructure. The demand for helium in various sectors, including healthcare and energy, is gradually increasing. The competitive landscape is still developing, with key players like Gazprom and local companies exploring opportunities for expansion. The region's strategic location and resource availability position it as a future hub for helium production. As investments in technology and extraction methods increase, the Middle East and Africa are poised for significant growth in the helium market.

Helium Market Regional Image

Key Players and Competitive Insights

The Helium Market is currently characterized by a dynamic competitive landscape, driven by increasing demand across various sectors, including healthcare, electronics, and aerospace. Key players are actively positioning themselves through strategic initiatives aimed at enhancing operational efficiency and expanding market reach. Companies such as Air Products and Chemicals Inc (US), Linde plc (IE), and Air Liquide S.A. (FR) are at the forefront, focusing on innovation and sustainability to differentiate their offerings. Their collective strategies not only shape the competitive environment but also indicate a shift towards more sustainable practices in helium production and distribution.

In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to mitigate risks associated with global logistics. The market appears moderately fragmented, with a mix of established players and emerging companies vying for market share. This competitive structure allows for a diverse range of strategies, as companies leverage their unique strengths to capture opportunities in the growing helium market.

In August 2025, Linde plc (IE) announced a significant investment in a new helium extraction facility in the United States, aimed at increasing production capacity to meet rising demand. This strategic move underscores Linde's commitment to enhancing its operational capabilities and securing a stable supply of helium, which is critical for its diverse customer base. The facility is expected to bolster Linde's position as a leading supplier in the North American market, reflecting a proactive approach to market dynamics.

In September 2025, Air Products and Chemicals Inc (US) launched a new initiative focused on the development of sustainable helium extraction technologies. This initiative is indicative of the company's broader strategy to integrate sustainability into its operations, aligning with global trends towards environmentally responsible practices. By investing in innovative technologies, Air Products aims to not only enhance its production efficiency but also reduce the environmental impact associated with helium extraction, thereby appealing to a growing segment of environmentally conscious consumers.

In July 2025, Air Liquide S.A. (FR) entered into a strategic partnership with a leading aerospace company to supply high-purity helium for advanced aerospace applications. This collaboration highlights Air Liquide's focus on expanding its footprint in high-tech industries, where the demand for specialized gases is surging. The partnership is expected to enhance Air Liquide's competitive edge by providing tailored solutions that meet the stringent requirements of the aerospace sector, thereby reinforcing its market position.

As of October 2025, the Helium Market is witnessing trends that emphasize digitalization, sustainability, and the integration of advanced technologies such as AI. Strategic alliances are increasingly shaping the competitive landscape, enabling companies to pool resources and expertise to address complex market challenges. Looking ahead, it appears that competitive differentiation will evolve, with a pronounced shift from price-based competition to a focus on innovation, technological advancement, and supply chain reliability. This transition may redefine how companies engage with customers and position themselves in the market.

Key Companies in the Helium Market market include

Industry Developments

  • Q4 2024: New Era Helium Market to Ring Nasdaq Opening Bell, Kicking Off 2025 Trading on January 2,2025 New Era Helium Market, Inc. completed its business combination with Roth CH Acquisition V Co. and listed on Nasdaq under the ticker 'NEHC' in December 2024, becoming one of the first helium-focused companies to secure a listing on a major U.S. exchange.
  • Q4 2024: New Era Helium Market Announces 50/50 Joint Venture with Sharon AI for 250MW Net-Zero Data Center in Permian Basin New Era Helium Market announced a joint venture with Sharon AI to develop a 250MW net-zero energy data center in the Permian Basin, expanding its operational capacity and entering the AI and cloud computing infrastructure market.

Future Outlook

Helium Market Future Outlook

The Helium Market is projected to grow at a 4.33% CAGR from 2024 to 2035, driven by increasing demand in healthcare, electronics, and aerospace sectors.

New opportunities lie in:

  • Development of helium recycling technologies for sustainable supply chains.
  • Expansion of helium-based applications in advanced manufacturing processes.
  • Investment in helium storage solutions to mitigate supply volatility.

By 2035, the Helium Market is expected to achieve robust growth, positioning itself as a critical resource across various industries.

Market Segmentation

Helium Market Application Outlook

  • Cryogenics
  • Balloons
  • Welding
  • Leak Detection
  • Semiconductors

Helium Market Purity Level Outlook

  • Industrial Grade
  • Electronic Grade
  • Ultra-High Purity

Helium Market End Use Industry Outlook

  • Healthcare
  • Electronics
  • Aerospace
  • Automotive
  • Nuclear

Helium Market Distribution Channel Outlook

  • Direct Sales
  • Distributors
  • Online Sales

Report Scope

MARKET SIZE 202423.9(USD Billion)
MARKET SIZE 202524.94(USD Billion)
MARKET SIZE 203538.11(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 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 Market.
Key Market DynamicsRising demand for helium in advanced technologies drives competitive dynamics and supply chain challenges in the market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

Market Highlights

Author
Chitranshi Jaiswal
Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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FAQs

What is the current valuation of the Helium Market as of 2024?

The Helium Market was valued at 23.9 USD Billion in 2024.

What is the projected market size for the Helium Market in 2035?

The Helium Market is projected to reach 38.11 USD Billion by 2035.

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

The expected CAGR for the Helium Market during the forecast period 2025 - 2035 is 4.33%.

Which application segments are expected to drive growth in the Helium Market?

The application segments such as Cryogenics, Semiconductors, and Welding are expected to drive growth, with valuations reaching 12.0, 12.0, and 6.0 USD Billion respectively by 2035.

How does the Helium Market perform across different end-use industries?

In the end-use industry segment, Healthcare and Electronics are projected to grow significantly, with expected valuations of 8.0 and 10.0 USD Billion respectively by 2035.

What are the key purity levels in the Helium Market and their projected valuations?

The purity levels of Industrial Grade and Electronic Grade are projected to reach 15.0 and 12.0 USD Billion respectively by 2035.

What distribution channels are anticipated to be most effective in the Helium Market?

Direct Sales and Distributors are expected to be the most effective distribution channels, with projected valuations of 15.25 and 14.0 USD Billion respectively by 2035.

Who are the leading companies in the Helium Market?

Key players in the Helium Market include Air Products and Chemicals Inc, Linde plc, and Praxair Technology Inc.

What is the expected growth trend for the Helium Market in the coming years?

The Helium Market appears to be on a growth trajectory, with a projected increase in valuation from 23.9 USD Billion in 2024 to 38.11 USD Billion by 2035.

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