Helium Gas Market Report | Forecast [2034]

HELIUM GAS MARKET OVERVIEW

The global Helium Gas Market size was valued approximately USD 3.31 Billion in 2025 and will touch USD 5.45 Billion by 2034, growing at a compound annual growth rate (CAGR) of 5.11% from 2025 to 2034.

Helium gas is a lightweight, colorless, and non-reactive element used in various industries. It’s essential for cooling MRI machines, inflating balloons, and supporting aerospace and electronics applications. Extracted from natural gas, helium is valued for its safety and versatility but is a finite resource.

IMPACT OF KEY GLOBAL EVENTS

“Artificial Intelligence and Demand for Advanced Technologies”

AI is driving demand for helium gas, especially in high-tech fields like MRI scanners, semiconductor production, and space exploration. As AI evolves, the need for helium in cooling and cryogenic systems will grow. This will boost helium demand and open new market opportunities. AI is also improving helium production, making it more efficient and cost-effective.

LATEST TREND

”Recycling and Conservation Efforts”

Recycling and conservation initiatives are gaining traction to mitigate helium shortages. Industries are developing systems to capture and reuse helium, particularly in MRI facilities and laboratories. These efforts aim to reduce waste and extend the lifespan of existing helium supplies.

HELIUM GAS MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Liquid Helium and Gaseous Helium.

Liquid Helium: Liquid helium is mainly used to cool things like superconducting magnets in MRI machines, big particle accelerators, and space tech. It's also super important for keeping high-performance electronics cool. As healthcare and aerospace tech advance, we need more of it. But, there's not much of it around and it's expensive to make, which makes prices go up and down a lot.
Gaseous Helium: Helium gas is used for balloons, welding, finding leaks, and protecting electronics. Other gases can do some of these, but helium gas is cheaper and easier to store. As more industries use it, the market will grow, but supply problems and costs could cause issues.

By Application

Based on application, the global market can be categorized into Healthcare, Electronics, Aerospace and Defence, Energy and Others.

Healthcare: Helium is important in healthcare. People use it to cool the magnets in MRI machines, and those machines are super important for safe medical imaging. As more people need healthcare, especially in new places, and as medical technology gets better, people need more helium. But the problem is, there's not a lot of helium to go around, and it's expensive. So, even though the healthcare part that uses helium will probably keep growing, these issues might slow that growth down a little.
Electronics: Helium is important in electronics. People use it to keep things super cold when making semiconductors and microchips. Since people are using more smartphones, computers, and other high - tech devices, people need more helium for this job. As the electronics industry grows, it should help the helium market. But there could be problems. Market might run short on helium, and prices could go up and down a lot.
Aerospace and Defence: Helium's crucial in aerospace and defense. It's used for pressurizing, cooling, and keeping things extremely cold in rockets, satellites, and other space tech. With more space exploration happening, along with government projects and companies like SpaceX, the helium market in this area is doing great. As space activities and aerospace tech keep getting bigger, the demand for helium is also expected to increase.
Energy: Helium has uses in the energy field. It helps cool nuclear reactors, find leaks in pipelines, and search for gas. Since there's more attention on energy efficiency, nuclear power, and renewable energy, the need for helium is increasing. Right now, it's not a major part of the energy sector, but as people use more efficient tech and build better infrastructure, the use of helium could grow, and that would give the helium market a push forward.
Others: The "Others" category covers a bunch of different uses for helium, like finding leaks, welding, scientific research, and even filling balloons and airships. Helium's useful in many industries, giving it a big market. While these smaller uses might not be as big as the main ones, they still help boost helium demand. As industries around the world keep growing and innovating, helium's varied uses will keep offering chances for the market to expand.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

”Growth in Space Exploration and Research”

Space exploration is driving the helium market. Helium is super important for space tech. It's used to cool things like rocket engines and spacecraft. More countries and private companies are spending money on space missions, like launching satellites and planning trips to the Moon and Mars. So, the demand for liquid helium is going to skyrocket. Helium is also essential in cryogenic rocket engines to keep fuels cold. As space technology gets better and there are more missions, people will use more helium. That means there are great opportunities for the helium market to grow.

Restraining Factor

”High Cost of Helium Extraction and Distribution”

High costs are a huge headache for the helium market. Helium mainly comes from natural gas fields. Extracting it requires fancy tech and big - time infrastructure, and that costs a fortune. Also, helium is limited, and it's getting trickier to pull out of the ground, so costs keep rising. Transporting helium is no easy feat either. It boils at a super low temperature and needs special storage and handling equipment, which just adds to the expense. These high costs mean helium can be tough to get, especially for smaller industries or areas far from where it's extracted. And that could really slow down the growth of the helium market.

Opportunity

”Expanding Use in Healthcare Applications”

Using helium in healthcare is a big market chance. It's crucial for cooling MRI machines, which are important for medical imaging. As more people need healthcare and imaging worldwide, especially in new markets, helium's demand will go up. Helium also helps in cryogenics for medical treatments and research. As healthcare keeps growing and innovating, helium's use in bettering medical tech will rise too, opening new doors for market growth and boosting demand in healthcare.

Challenge

”Limited Natural Reserves of Helium”

One big issue for the helium market is that there's not much helium left. It's a non - renewable thing, mostly found in small amounts in natural gas fields. As the easy - to - get helium runs out, it costs more to get it out of the ground. That makes it more expensive to produce and ship. Also, since there's not much supply, there's a worry about not having enough in the future, especially because more industries like healthcare, aerospace, and electronics need it. This shortage could make the price of helium go up and make it harder to get, which is a huge challenge for the whole world's helium market.

HELIUM GAS MARKET REGIONAL INSIGHTS

North America

North America, mainly the US, is a huge user and producer of helium. The US has some of the world's largest helium reserves, mostly in Texas, Wyoming, and Kansas. Helium here is really important for healthcare, like in MRI machines, aerospace, for balloons and rocket engines, and electronics, for cooling chips. But there are issues - getting and shipping helium costs more and more, and there are concerns about running out. Still, because of new space and medical research tech, the helium market is growing.

Europe

Europe needs a lot of helium for medicine, research, and industry, especially for MRI machines and aerospace. Since Europe doesn’t have big helium reserves like North America, it buys most of its helium. This makes it sensitive to world supply and price changes. But, Europe has strong tech and industry to make up for it. The market will likely grow because of new medical and scientific ideas, and more use of helium in space and electronics. The challenge is not making enough helium and relying too much on others.

Asia

Asia’s helium market is booming because of industrial growth, new technology, and more demand from sectors like healthcare, electronics, and aerospace. China, Japan, and India use a lot of helium for things like MRI, making electronics, and scientific research. The market is growing because of the semiconductor industry, space projects, and more money in medical infrastructure. But, there aren’t many local helium suppliers, so Asia depends on imports and faces higher costs. Even so, Asia’s helium market is expected to grow a lot because of industrial demand and new technology.

KEY INDUSTRY PLAYERS

”Key Players Focus on Technological Innovation and Infrastructure Construction”

The helium market is competitive. Big suppliers, distributors, and tech firms are key players. They control supplies, set prices, and send helium to different industries. As demand grows, companies need better ways to get helium and make more. They also compete to find new ways to recycle helium and get it from other sources. These players build the market by providing what’s needed for helium’s important jobs.

List of Top Helium Gas Market Companies

Air Liquide
Linde PLC
Matheson Tri Gas Inc.
Air Products and Chemicals Inc.
Air Gas INC.

KEY INDUSTRY DEVELOPMENTS

In April 2024, Air Liquide strengthens its global presence by acquiring Homecare Activities in the Netherlands and Belgium. The move also expands the reach of the organization.

In March 2023, Linde PLC expanded in Penneselvia with the help of a corporate office. This will expand the functioning of the organization in new sectors.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The helium market is growing because it’s important for healthcare, aerospace, electronics, and research. MRI machines, making chips, and space exploration all need helium. Politics and not enough helium reserves, mainly in the US and Qatar, also affect the market. New tech and industries keep pushing up demand, but high costs to get and move helium are big problems.

In the future, the helium market will keep growing because of new tech in space, healthcare, and electronics. Medical research, cryogenics, and cooling chips will need more helium. But, there’s not much helium left and it’s expensive to get. So, the industry will work on better extraction, recycling, and finding new sources to keep helium supplies steady.