Helium Market By Source (Natural Gas Extraction, Air Liquefaction, Helium Recycling), By Phase (Liquid Helium, Gaseous Helium), By Purity Level (Industrial Grade, Electronic Grade, Ultra-High Purity), By Application (Cryogenics, Welding, Leak Detection, Pressurizing and Purging, Controlled Atmosphere, Lifting Gas, Other), By End-User (Healthcare, Aerospace & Defense, Electronics & Semiconductors, Nuclear Power, Metal Fabrication, Automotive, Energy & Power, Laboratories & Research, Other), Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles and Market Forecast, 2025 – 2035

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Industry Outlook

The Helium Market accounted for USD 3.95 Billion in 2024 and is expected to reach USD 8.08 Billion by 2035, growing at a CAGR of around 6.73% between 2025 and 2035. The Helium Market will exhibit continuous expansion during the upcoming years because several important industries, including healthcare and electronics, aerospace, and telecommunications, are increasing their helium needs. Helium plays a vital role in modern technology and diagnostics through its increasing application to MRI systems and semiconductors, and fibre optics. The future rise of space exploration through private and governmental initiatives has boosted helium demand mainly in rocket propulsion components and satellite launch systems. Helium shows no sign of slowing down its demand across multiple industries because technological advancements will continue developing globally. Due to constrained helium deposits throughout the world and dependency on natural gas extraction activities, the market encounters multiple difficulties. The distribution of helium through supply chains continues to face breakdowns and global political unrest among major helium-producing nations, including the U.S., Qatar, and Russia, potentially influencing both supply quantities and procurement costs. Helium discoveries made through improved geological survey techniques are complemented by growing initiatives in helium conservation to assist in meeting future global market needs. Current improvements and funding investments will enable the helium industry for ongoing development over the next decade.

Report Scope:

Market Dynamics

Rising demand from the healthcare sector for MRI and cryogenics applications globally.

Global market demand for helium keeps increasing at a fast pace due to the need for the substance by healthcare facilities in operating their Magnetic Resonance Imaging (MRI) systems. The magnets of superconducting MRI machines need very cold helium due to its extremely low boiling temperature. The increasing number of chronic disease patients worldwide, coupled with increased demands for MRI systems, is propelling rapid consumption levels of liquid helium. Developing countries actively invest in the expansion of healthcare infrastructure as it heightens the demand for helium-based cryogenic applications.

Helium fulfills its elemental function in overseeing multiple cryogenic medical applications beyond MRI via its use during biological sample storage and specific surgical procedures. The spread of innovations in cryogenics globally will escalate medical research and treatment demands, which makes helium usage as a cooling and inert gas more critical. The reliance of the healthcare sector on helium is escalating due to its fundamental significance in sustaining life-saving medical devices and studies, which fuel growing world market needs.

Growing use of helium in semiconductors and fiber optics production industries.

Market expansion for global helium takes place because semiconductor companies use it at an increasing rate. Helium finds extensive employment in semiconductor manufacturing through wafer cooling, as well as leak detection and plasma etching carrier gas usage because of both its thermal conductive power and inert properties. Standards in semiconductor manufacturing have increased with rising demand for electric vehicles, advanced electronics, and IoT devices, which require significant helium consumption in worldwide manufacturing plants.

During the fiber drawing procedure, the optical fiber industry uses helium to maintain a contamination-free environment, which produces high-quality optical fibers. The rapid expansion of high-speed internet networks, thus 5G technology as well as data centers, creates an unprecedented need for optical fiber cables. Next-generation communication technology needs helium for its operation, which strengthens market demand in the semiconductor and fiber optics industries.

Limited global helium reserves and dependency on natural gas extraction.

The restricted development of the global helium market stems mainly from the scarcity of helium deposits. The non-renewable helium resource exists within restricted natural gas fields across the world, mainly concentrated in the United States, Qatar, and Algeria. Supplies remain unstable because helium reserves are rare and helium-rich gas fields do not exist extensively, which creates significant production challenges, especially after political upheavals or disturbances in the main producing nations. Global demands for helium cannot be met effectively by the restricted supply, which leads to price increases.

The generation of helium depends entirely on natural gas industrial extraction and refining operations. All production cuts in natural gas during refining reduce the available helium quantities because helium occurs naturally as a raw material byproduct of natural gas extraction. Global use of renewable energy and reduced fossil fuel consumption pose a future threat to helium supply because new technologies for extracting helium have not yet been created to replace existing production processes. The helium industry is under great constraints in terms of its stability and scalability since it relies on the declining quantity of resources that are largely concentrated in particular areas.

Expansion of space exploration programs using helium for rocket propulsion systems.

International space exploration development is at a fast pace, offering helium market opportunities. Rocket propulsion technology relies on helium because this inert chemical component functions to clean fuel lines and serves both for fuel tank pressurization purposes and as a coolant material for rocket components through its low boiling point. With more and more investments from government space agencies such as NASA, ESA, and ISRO, and the explosion of commercial space activities by companies like SpaceX, Blue Origin, and Rocket Lab, the usage of helium in aerospace is expected to grow massively.

Increased interest in deploying satellites, missions to the moon, and space exploration of Mars is propelling the demand for trustworthy cryogenic propellant management systems, for which helium is a crucial factor. As governments and private players compete to claim a space footprint, the application of helium as a component of launch systems and support infrastructure will increase, representing a high-value and long-term market opportunity for industry players to leverage this high-tech, high-demand market.

Discovery of new helium reserves through advanced geological surveys and drilling.

The development of modern geological survey techniques and drilling technology reveals new helium reservoirs, which present bright prospects to the helium market. Helium production traditionally occurred in only a few specific regions until exploration techniques developed using seismic imaging and gas chromatography discovered helium-rich areas in previously unexplored territories. Tests in Tanzania and Canada demonstrate how these areas offer opportunities to expand the worldwide helium production facilities.

Through technological advancements, the world has improved its ability to find helium reserves, simultaneously decreasing its reliance on natural gas production for helium extraction. The growing viability of standalone helium exploration projects enables organizations to build specific helium extraction facilities that both improve market stability and reduce geopolitical risk factors and production upset events. Rising demand will find adequate supply through improved exploration capability, which enhances supply chain defense across the global economy.

Industry Experts Opinion

‘’The deepening of the Jetstream #1 well has been a resounding success, exceeding our expectations and reinforcing our confidence in the Topaz Project's potential. The expanded reservoir height and encouraging helium readings are a testament to the quality of our geological model and the expertise of our team. As we move forward with Jetstream #2 and additional testing, we are increasingly optimistic about the project's ability to contribute significantly to the global helium supply chain. This success not only validates our exploration strategy but also positions Pulsar Helium as a key player in addressing the critical demand for helium in various high-tech industries.’’

• Thomas Abraham-James, President & CEO of Pulsar Helium

Segment Analysis

Based on the Source, the Helium Market is segmented into Natural Gas Extraction, Air Liquefaction (Very Limited), and Helium Recycling. The market segment dominated by helium procurement operates through Natural Gas Extraction because this technique provides the most widespread and affordable approach to extracting helium. The United States and Algeria, together with Qatar, hold the highest concentrations of helium in their natural gas fields. Efficient technology for helium extraction from natural gas operates as the fundamental method for the worldwide helium supply. The technology of air liquefaction remains limited because of both its high financial requirements and insufficient production volumes, even though helium recycling now attracts growing interest.

Based on Phase, the Helium Market is segmented into Liquid Helium and Gaseous Helium. The Gaseous Helium segment leads the market at present because it is extensively used across various industrial applications, including leak detection and welding and lifting, and electronics manufacturing. Moving between locations becomes simpler due to its easier handling properties, which also improve the storage and distribution process. The application of Liquid Helium allows vital functionality in MRI machines and scientific research, yet remains restricted mainly to specialized scientific domains. The extensive range of applications combined with simpler usage makes gaseous helium dominate the market over other helium phases.

Regional Analysis

North America is dominating the Helium Market, helium reserves within the area make it a leading market due to its prominent status as one of the largest global producers, located in the United States. The market receives additional support because of sophisticated extraction systems and storage and distribution facilities that enhance its operations. The main sectors, including healthcare with its demand for MRI machines, and aerospace and semiconductor industries, maintain steady helium consumption patterns. North America continues to dominate global helium markets because the government and private sector are investing in technologies that recycle and recover helium.

Asia-Pacific Helium Market is the fastest-growing region due to Rapid industrial expansion, combined with growing electronics production and healthcare facilities development in China, India, South Korea, and other nations, creating market demand escalation. The semiconductor industry, as well as fiber optics manufacturing, together with helium usage in cryogenic applications and leak detection, has led to substantial market expansion. The increasing investments in space exploration and energy projects will increase helium consumption rates. The region is expanding its market swiftly because it depends increasingly on imported materials while working to secure reliable helium supplies.

Competitive Landscape

The Helium Market contains multiple significant international companies that participate through manufacturing and distribution, plus research and development of new technologies. Air Liquide, alongside Linde plc, leads the Helium Market with Air Products and Chemicals Inc. and ExxonMobil Corporation because they have extensive supply chains and multiple extraction facilities.

Market leaders enhance their leadership positions through strategic collaborations and agreements with long-term supply chains, as well as helium recovery investments and recycling technology development. Helium One Global Ltd and North American Helium Inc. take part in competitive market development through their exploration of novel reservoirs along with their innovative extraction solutions to fulfill escalating global helium requirements.

Helium Market, Company Shares Analysis, 2024

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Recent Developments:

• In January 2025, Pulsar Helium Inc., a leading helium project development company, is pleased to announce the successful completion of the deepening operation for the Jetstream #1 appraisal well, which previously flowed up to 14.5% helium concentration, at its flagship Topaz Project in Minnesota, USA. 
• In January 2024, New Era Helium Corp. collaborated with Roth CH Acquisition V Co. to initiate a business combination that will make NEH a public company at a pre-money valuation of $90 million.

Report Coverage:

By Source

• Natural Gas Extraction
• Air Liquefaction (Very Limited)
• Helium Recycling

By Phase

• Liquid Helium
• Gaseous Helium

By Purity Level

• Industrial Grade
• Electronic Grade
• Ultra-High Purity

By Application

• Cryogenics
• Welding
• Leak Detection
• Pressurizing and Purging
• Controlled Atmosphere
• Lifting Gas
• Other

By End-User

• Healthcare
• Aerospace & Defense
• Electronics & Semiconductors
• Nuclear Power
• Metal Fabrication
• Automotive
• Energy & Power
• Laboratories & Research
• Other

By Region

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Singapore
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC Countries
• South Africa
• Rest of the Middle East & Africa

List of Companies:

• Air Liquide
• Linde plc
• Praxair Technology, Inc.
• Air Products and Chemicals, Inc.
• Messer Group GmbH
• Matheson Tri-Gas, Inc.
• ExxonMobil Corporation
• Gazprom
• Iwatani Corporation
• BASF SE
• Global Helium LLC
• Helium One Global Ltd
• Renergen Ltd
• Desert Mountain Energy Corp.
• North American Helium Inc.

Frequently Asked Questions (FAQs)