Helium Market Grows at a Steady CAGR of 4.5%

Introduction

Straits Research released its highly anticipated report, “Helium Market Size & Outlook, 2026-2034”. According to the study, the Global Helium Market size is estimated at USD 4.12 billion in 2025 and is projected to reach USD 6.10 billion by 2034, growing at a CAGR of 4.5% during the forecast period.

Market Dynamics

The growth of the helium market is fuelled by rising demand as an analytical aid in laboratory practices. It is widely applicable as a carrier gas in gas chromatography and gas chromatography-mass spectrometry. In addition to this, it is also utilized as a coolant in nuclear magnetic resonance (NMR). Chromatography, GC-MS, and NMR have wide applications in the pharmaceutical industry for analytical purposes. A strongly growing pharmaceutical industry with constant research and development potentiates the demand for analytical aid, further propelling the demand for helium as a carrier gas and coolant in these systems.

In addition to this, helium is proactively utilized for welding purposes as a shielding gas to increase arc heat and improve penetration, thereby accelerating the welding speed. Welding is predominantly utilized in metal casting. The metallurgy industry is experiencing robust growth with demand for metal-based products. Being a crucial part of metal casting, the demand for welding surges and accordingly propels the demand for helium as a shielding aid.

Market Highlights

• Phase: The Gas segmentleads with over 65.37% market share, preferably utilized across multiple key industries.
• Application: Based on application, the cryogenics segment dominated the market with a revenue share of 32.7% in 2025.
• End Use: The Healthcare segmentleads with over 28.79% market share, with multiple applications of helium in multiple settings.
• Regional Insights: North America dominates with over 30.53% share, driven by the dominance of the healthcare and aerospace industries with strong research and development.

Competitive Players

1. Air Products and Chemicals, Inc.
2. Linde PLC
3. Air Liquide
4. Messer
5. MESA Specialty Gases & Equipment
6. MATHESON Tri-Gas, Inc.
7. Iwatani Corporation
8. Gazprom
9. Gulf Cryo
10. Exxon Mobil Corporation
11. Helium One Global
12. ASP Isotopes
13. QatarEnergy LNG
14. North American Helium
15. PGNiG SA
16. Avanti Helium
17. First Helium
18. Helix Exploration
19. Brooks Energy Company
20. Mosman Oil & Gas
21. Desert Mountain Energy
22. Others

Recent Developments

Segmentation

1. By Phase (2022-2034)
   1. Gas
   2. Liquid
2. By Application (2022-2034)
   1. Cryogenics
   2. Analytical
   3. Leak Detection
   4. Lifting
   5. Others
3. By End Use (2022-2034)
   1. Healthcare
   2. Aerospace
   3. Electronic
   4. Welding & Metal Casting
   5. Others
4. By Region (2022-2034)
   1. North America
   2. Europe
   3. Asia Pacific
   4. Middle East and Africa
   5. Latin America