Helium Market Size, Share & Trends Analysis Report By Phase (Gas, Liquid), By Application (Cryogenics, Analytical, Leak Detection, Lifting, Others), By End Use (Healthcare, Aerospace, Electronic, Welding & Metal Casting, Others) and By Region (North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2026-2034

Last Updated: October 28, 2026 | Author: Ismail Sutaria | Format:

Helium Market Size & Growth Analysis

The global helium market size was valued at USD 4.12 billion in 2025 and is projected to grow from USD 4.31 billion in 2026 to USD 6.12 billion by 2034, registering a CAGR of 4.5% during the forecast period (2026–2034). North America dominated the helium market with a share of 35.8% in 2025.

Helium is a colorless, odorless, nonflammable noble gas with a very low boiling point, widely used in medical imaging, cryogenic cooling, leak detection, semiconductor manufacturing, and lifting applications. It is tracked under HSN Code 28042910 (helium gas) and SIC Code 2813 (industrial gases).

Helium Market Key Takeaways

Global Market Size & Growth

2025 Market Size
USD 4.12 Billion
2026 Market Size
USD 4.31 Billion
2034 Projected Market Size
USD 6.12 Billion
Forecast Period
2026–2034
Base Year
2025
Market CAGR (2026–2034)
4.5%

Regional Insights

Largest Regional Market (2025)
North America
North America Market Share (2025)
35.8%
Fastest-growing Region
Asia-Pacific
Asia-Pacific CAGR (2026–2034)
5.8%

Segment Insights

By Phase
Leading Segment
Gas
Market Share in 2025 68.7%
By End Use
Fastest-growing Segment
Electronic
CAGR 5.5% (2026–2034)
Helium Market Size

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Helium Market Dynamics

01

Need for Safe Breathing Mixtures in Deep-Sea Diving and Use of Liquid Helium in Scientific Experimentation Drive Market

The need for safe breathing mixtures during deep-sea diving supports demand for helium in commercial underwater operations and scientific exploration. Helium mixed with oxygen helps reduce nitrogen narcosis and oxygen-related risks associated with breathing compressed gases at depth when the mixture is properly selected. These specialized diving requirements support helium purchases by commercial diving operators and encourage gas suppliers to provide high-purity helium for breathing-gas preparation.

Liquid helium can cool experimental systems to temperatures near 4.2 K, enabling research that requires conditions unavailable through conventional cooling methods. Research laboratories use liquid helium to cool superconducting magnets and specialized instruments for low-temperature experiments. The need to achieve extremely low temperatures in scientific experiments supports demand for helium.

01

Handling Losses and Cryogenic Storage Costs Restrain Market Expansion

Helium losses during handling and distribution can constrain market supply because helium atoms are extremely small and can escape through leaks, imperfect seals, transfer connections, and storage systems. These losses are especially challenging for high-purity and liquid helium applications, where specialized equipment, leak detection, and careful transfer procedures are necessary to maintain supply efficiency.

High costs of liquefaction and cryogenic storage can limit helium market growth because liquid helium requires specialized liquefaction equipment, vacuum-insulated containers, and strict temperature control to minimize evaporation. The U.S. Geological Survey’s mineral commodity summaries notes that liquid helium boil-off recovery systems are used in some applications, while closed-loop recycling systems are becoming more common, reflecting the technical and economic importance of helium recovery. 

01

Helium Supply for Quantum Computing and Aerospace and Space Launch Operations Open New Avenues for Market Players

Specialty gas suppliers and cryogenic equipment manufacturers can support quantum research facilities that require extremely low temperatures to operate certain quantum computing systems. The need for helium-3 in some dilution-refrigerator architectures creates a specialised opportunity in isotope supply, recovery and cryogenic infrastructure, although availability and demand vary by technology

Specialty gas suppliers can develop supply contracts for aerospace companies and launch facilities that use helium to pressurise and purge propulsion systems. This creates opportunities for producers and distributors able to meet stringent purity, delivery and reliability requirements for specialised aerospace operations.

Helium Market Segmentation

By Phase

Gas segment is expected to grow at a CAGR of 4.2% during the forecast period, supported by its widespread use in industrial applications, leak detection, and controlled-atmosphere processes.

Liquid is likely to grow at a CAGR of 5.2% during the forecast period, driven by its suitability for applications requiring high-purity helium and large-volume storage, particularly in healthcare and aerospace.

Helium Market Size By Segments

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By End Use

Healthcare dominated the end use segment with a share of 30.6% in 2025, owing to helium's essential role in MRI systems, cryogenic cooling, and other medical applications.

The electronic segment is estimated to grow at a CAGR of 5.5% during the forecast period, fueled by helium's use in semiconductor manufacturing, wafer processing, and specialized cooling applications.

Helium Market Share By Segments

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Helium Market Regional Outlook

North America Helium Market

North America’s helium market accounted for the largest regional share of 35.8% in 2025.

U.S. Helium Market

U.S. Energy Corp. signed a five-year helium offtake agreement on April 27, 2026, for planned production from its big sky carbon hub in montana, with phase 1 commercial operations targeted for the first quarter of 2027. The agreement provides a potential long-term sales channel for future output and could diversify U.S. helium supply once the project becomes operational.

Canada Helium Market

Canada's North American Helium announced that its Stewart Valley purification facility in saskatchewan entered production at an estimated annual rate of 73 million cubic feet of helium, supported by independently evaluated reserves of 1.1 billion cubic feet. The new facility strengthened Canadian supply and diversify global sourcing for semiconductor lithography, MRI systems, aerospace, and research applications.

North America Helium Market Revenue Share 2025

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Asia Pacific Helium Market

The Asia Pacific helium market is expected to grow at a CAGR of 5.8% during the forecast period, showcasing the fastest-growing regional market.

Japan Helium Market

Japan’s government addressed helium supply security during a ministerial press conference, identifying helium stockpiling as part of its economic security measures for materials heavily dependent on overseas supply. This approach help buffer Japanese semiconductor manufacturers, medical facilities, and research institutions against international supply disruptions, although the announcement did not disclose a helium-specific stockpile volume.

China Helium Market

China’s Ministry of Commerce and General Administration of Customs introduced a temporary ban on helium exports, citing the need to ensure domestic supply. The policy prioritize availability for Chinese semiconductor manufacturing and other domestic users while tightening export availability for international buyers that rely on Chinese supply.

India Helium Market

India’s Liquid Propulsion Systems Centre (LPSC), under the Department of Space, issued a helium gas procurement tender, covering helium gas supply and hydrostatic testing of industrial helium cylinders. This procurement supports the operational requirements of India’s space programme and demonstrates demand for specialised helium supplies in propulsion testing and related aerospace applications.

Europe Helium Market

Europe’s helium market is anticipted to grow at a CAGR of 3.9% during the forecast period.

U.K. Helium Market

U.K. Department for Business and Trade confirmed that the government was assessing helium supply-chain risks and mitigation measures in response to geopolitical disruptions, particularly for advanced manufacturing, aerospace, and defence. This review encourages greater supplier diversification and strengthen supply resilience for British industrial users that depend on imported helium.

Germany Helium Market

Germany’s federal government stated that the country had obtained approximately 39% of its helium imports from Qatar, 15% from the US, and 15% from Algeria over the preceding ten years. The government also identified the Gronau-Epe helium storage facility as an important buffer against supply shortages, with capacity equivalent to approximately one to one-and-a-half years of European helium demand, strengthening Germany’s role in regional supply resilience.

Competitive Landscape

The helium market is moderately consolidated, with industrial gas companies, specialty gas suppliers, natural gas producers, and dedicated exploration & production companies operating across the value chain. Key players such as Linde, Air Liquide, Air Products, and QatarEnergy are estimated to account for 45–55% of the global helium market share.

Established players compete on helium production capacity, resource availability, and purification technology. Emerging and specialized players compete within the helium market ecosystem through new discoveries, independent production projects, and advanced extraction technologies.

List of Key and Emerging Players in Helium Market

Air Products and Chemicals, Inc. (U.S.)
Linde plc (United Kingdom)
L'Air Liquide S.A. (France)
Messer SE & Co. KGaA (Germany)
MESA Specialty Gases & Equipment (U.S.)
MATHESON TRI-GAS, INC. (U.S.)
Iwatani Corporation (Japan)
Public Joint Stock Company Gazprom (Russia)
Gulf Cryo Holding Company Limited (Kuwait)
Exxon Mobil Corporation (U.S.)
Helium One Global Ltd (United Kingdom)
ASP Isotopes Inc. (U.S.)
QatarEnergy LNG (Qatar)
North American Helium Inc. (Canada)
Polskie Górnictwo Naftowe i Gazownictwo S.A. (Poland)
Avanti Helium Corp. (Canada)
First Helium Inc. (Canada)
Helix Exploration PLC (United Kingdom)
Brooks Energy Company (U.S.)
Mosman Oil and Gas Limited (Australia)
Desert Mountain Energy Corp. (Canada)

Key Industry Developments

March 2026
Air Products expanded its industrial gases portfolio with enhanced helium supply and distribution solutions, supporting semiconductor manufacturing, healthcare, aerospace, and scientific research applications.
January 2026
Linde expanded its helium production and supply capabilities with improved purification and distribution technologies designed to support growing demand from medical imaging, electronics, and industrial sectors.
October 2025
Messer expanded its industrial gas solutions with advanced helium supply services, focusing on reliable delivery networks for healthcare, research laboratories, and high-tech manufacturing industries.
August 2025
Chart Industries expanded its helium processing and storage solutions with advanced cryogenic technologies designed to improve helium handling, recovery, and distribution efficiency.

Report Scope

Segmentation

By Phase 2
  • Gas
  • Liquid
By Application 5
  • Cryogenics
  • Analytical
  • Leak Detection
  • Lifting
  • Others
By End Use 5
  • Healthcare
  • Aerospace
  • Electronic
  • Welding & Metal Casting
  • Others

Geographies Covered

North America 2
  • U.S.
  • Canada
Europe 8
  • U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Russia
  • Nordic
  • Benelux
APAC 7
  • China
  • Korea
  • Japan
  • India
  • Australia
  • Taiwan
  • South East Asia
Middle East and Africa 6
  • UAE
  • Turkey
  • Saudi Arabia
  • South Africa
  • Egypt
  • Nigeria
LATAM 5
  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Colombia
Competitive Coverage Air Products and Chemicals, Inc. (U.S.) · Linde plc (United Kingdom) · L'Air Liquide S.A. (France) · Messer SE & Co. KGaA (Germany) · MESA Specialty Gases & Equipment (U.S.)
Research Deliverables Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

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Frequently Asked Questions (FAQs)

The helium market size is valued at USD 4.31 Billion in 2026 and is projected to reach USD 6.12 Billion by 2034, at a CAGR of 4.5% during the forecast period 2026–2034.

North America dominated the market with a share of 30.53% in 2025.

The leading companies in this market are Air Products and Chemicals, Inc., Linde PLC, Air Liquide, Messer.

The helium market is projected to grow at a CAGR of 4.5% during the forecast period of 2026 2034.
About the Author
Ismail Sutaria
Ismail Sutaria
Research Head

Ismail Sutaria is a market intelligence and strategy professional with over 12 years of experience advising organizations across the chemicals, packaging, industrial machinery, and energy & power sectors. He specializes in delivering data-driven market assessments, commercial due diligence, industry benchmarking, demand forecasting, competitive strategy, and growth advisory that enable businesses to make confident investment and expansion decisions in complex industrial markets.

His expertise spans specialty and commodity chemicals, advanced and sustainable packaging solutions, industrial automation, manufacturing equipment, process engineering, renewable energy, conventional power generation, electrical infrastructure, and industrial technologies. Ismail has developed deep domain knowledge in evaluating market ecosystems, technology evolution, regulatory frameworks, supply-demand dynamics, pricing trends, value chain structures, and competitive landscapes across global and regional markets.

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