Helium Market Overview

The size of the Helium Market was estimated at USD 16.77 billion in 2024, and it is anticipated that total helium revenue will increase at a compound annual growth rate (CAGR) of 8.3% between 2025 and 2032, reaching around USD 31.73 billion.

Although helium is an essential part of many important technologies that affect our everyday lives, it is highly doubtful that present and projected helium supply sources will be sufficient to meet future demand. Beginning with the United States government's decision in 1996 to sell almost all of its helium stockpile, which was located in a depleted natural gas field in Amarillo, Texas, a number of factors have come together to create a serious situation. This led to an increase in supply and artificially low prices for a large portion of the past ten years. All of the helium sold out of this reserve has already been used up because, until recently, this was the only location in the world to store helium.

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Dynamics of the Helium Market:

Helium use is rising in the semiconductor and electronics industries.

Additionally, helium is required to access the Internet. Liquid helium is used to cool the magnets used in the manufacture process of semiconductors, which are found in practically all modern gadgets. In the meanwhile, in order to prevent trapped bubbles, fiber optic cables that provide cable TV and Internet access to people's homes must be produced in an all-helium atmosphere.

Liquid helium usage in the medical sector is rising.

In magnetic resonance imaging systems, the superconducting magnet that creates the magnetic field is cooled by liquid helium. In addition to researchers using MRIs for chemical, biological, and medical studies, physicians utilize them to identify cancer, tumors, strokes, heart issues, and brain diseases. Modern devices use "dramatically less helium," but according to the National Research Council, it will take at least five years, if not more, to develop a magnet that doesn't use liquid helium.

Helium Market Regional Insights

The market was controlled by North America:

With the United States alone making up 30% of worldwide consumption in 2024, North America held the largest share of the market. The US electronics market is the biggest in the world in terms of size. It is also expected to be the top market during the projected period due to the use of contemporary technology, the expansion of R&D facilities, and growing consumer demand. Although new discoveries in Western Canada show significant promise, the United States, Russia, Qatar, Algeria, and Iran are the main locations for helium reserves.

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Helium Market Segmentation

by Phase

Liquid
Gas

The worldwide helium market is divided into two segments based on phase: liquid phase and gas phase.

Due to the advent of COVID-19, which increased the number of patients affected by the pandemic worldwide, the liquid phase segment dominated the market in 2024 and controlled. of the total market shares in terms of revenue. Since liquid helium is needed to cool the super magnets in MRI equipment, the medical sector is one of the biggest users of this gas.

by Application

Breathing Mixes
Cryogenics
Leak Detection
Pressurizing and Purging
Welding
Controlled Atmospheres
Other

by End-user Industry

Aerospace & Aircraft
Electronics & Semiconductors
Nuclear Power
Healthcare
Welding & Metal Fabrication
Other

Helium Market Key Players

1.Air Products and Chemicals, Inc.
2. Air Liquide
3. Linde AG
4. Praxair, Inc.
5. Taiyo Nippon Sanso Corporation
6. Iwatani Corporation
7. Gulf Cryo
8. Messer Group
9. Qatar Gas Operating Company Limited
10. Global Gases
11. Matheson Tri-Gas Inc
12. ONEOK Inc.
13. Exxon Mobil Corporation
14. Polish Oil and Gas Company
15. Weil Group
16. Others

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Key Offerings:

  • Past Market Size and Competitive Landscape
  • Past Pricing and price curve by region
  • Market Size, Share, Size & Forecast by different segment
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis

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