Helium Market To Reach $6.06 Billion By 2030 | CAGR: 6.7%

Helium Market Growth & Trends

The global helium market size is expected to reach USD 6.06 billion by 2030, registering a CAGR of 6.7% from 2025 to 2030, according to a new study by Grand View Research, Inc. Helium is used in various medical and healthcare applications, such as magnetic resonance imaging (MRI) machines and cryogenics for preserving biological samples. The growing healthcare industry, along with the increasing use of MRI technology, has driven up product demand. Helium finds applications in the manufacturing and temperature control of semiconductors and various electronic components. Growing technological advancements drive the requirement for these components, consequently augmenting the product demand.

Furthermore, the product is used in the detection of leaks within the energy sector, notably in natural gas pipelines and storage facilities. As the energy industry continues to grow, the necessity for helium in these specific applications follows suit. At the beginning of 2022, helium supply interruptions were experienced due to maintenance shutdowns at gas production facilities in the United States and Qatar, as well as fires at a recently established Russian facility. Consequently, several academic research laboratories reliant on it, for cooling purposes in nuclear MR (NMR), superconducting quantum interference devices (SQUID), and MR spectroscopy equipment, were compelled to temporarily halt their operations.

In addition, some labs were compelled to pay a 30% premium to secure their supply. In light of the persistent product shortage affecting multiple industries on a global scale, various R&D labs delve into the potential of recycling and conservation methods to address this pressing international concern. In recent years, significant technological progress has played a crucial role in the development of promising recycling methods aimed at conserving helium. However, challenges associated with the adoption of these novel approaches, coupled with potential enduring effects on both industrial processes & environmental well-being, underscore the importance of gaining a thorough grasp of the future landscape of recycling & preservation.

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Helium Market Report Highlights

• The gas phase dominated the global market with a revenue share of approximately 72.2% in 2024

• The cryogenics application segment held the largest revenue share of 23.0% in 2024

• The medical & healthcare segment accounted for a revenue share of 40.0% in 2024

• North America helium market held a dominant revenue share of 36.7% in 2024 due to the presence of abundant reserves of helium-rich natural gas

Helium Market Segmentation

Grand View Research has segmented the global helium market report based on phase, application, end use, and region:

Helium Phase Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Gas

• Liquid

Helium Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Breathing Mixes

• Cryogenics

• Leak Detection

• Pressurizing & Puring

• Welding

• Controlled Atmosphere

• Other Applications

Helium End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Aerospace & Defense

• Medical & Healthcare

• Electronics & Electrical

• Nuclear Power

• Metal Fabrication

• Other End uses

Helium Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players of Helium Market

• Air Products and Chemicals, Inc.

• Linde Plc

• Air Liquide

• Messer Group

• Taiyo Nippon Sanso India

• MESA Specialty Gases & Equipment

• Matheson Tri-Gas Inc.

• Iwatani Corporation

• Gazprom PJSC

• Gulf Cryo S.A.L.

• IACX Energy