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Helium Market Size & Share, by Form (Gas, Liquid); Application (Cryogenics, Semiconductor Processing, Magnetic Resonance Imaging (MRI), Welding, Fiber Optics); End user (Aerospace and Aircraft, Electronics and Semiconductors, Nuclear Power, Healthcare, Metal Fabrication) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 7347
  • Published Date: Mar 18, 2025
  • Report Format: PDF, PPT

Global Helium Market

  1. An Outline of the Global Helium Market
    1. Market Definition
    2. Market Segmentation
  2. Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Primary Research
    2. Secondary Research
    3. SPSS Methodology
    4. Data Triangulation
  4. Executive Summary
  5. Growth Drivers
  6. Major Roadblocks
  7. Opportunities
  8. Prevalent Trends
  9. Government Regulation
  10. Advancement Analysis
  11. Industry Risk Analysis
  12. SWOT Analysis of the Helium Market
  13. Industry Growth Outlook
  14. Industry Supply Chain Analysis
  15. Form Analysis
  16. Regional Demand Analysis
  17. Regional Overview of Helium 
  18. PORTER Five Forces Analysis on the Helium Market
  19. End-User Analysis
  20. Recent News on the Helium Market
  21. Global Helium Demand and Supply Analysis
  22. Global Liquid Helium Demand and Supply Analysis
  23. Global Helium Gas Demand and Supply Analysis
  24. Competitive Feature Analysis
  25. Competitive Positioning
  26. Competitive Model
    1. Company Market Share
    2. Business Profile of Key Enterprise
      1. Air Liquide
      2. Air Products and Chemicals, Inc. 
      3. Buzwair Industrial Gases Factories 
      4. ExxonMobil Corporation
      5. Gulf Cryo
      6. Iwatani Corporation 
      7. Linde PLC 
      8. Messer SE & Co. KGaA 
      9. NIPPON SANSO HOLDINGS CORPORATION 
      10. PGNiG SA (ORLEN S.A.)
      11. Qatar Energy LNG
  27. Global Helium Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Million Cubic Meters), and Compound Annual Growth Rate (CAGR)
    3. Global Helium Market Segmentation Analysis (2018-2037)
      1. By Form
        1. Gas, Market Value (USD Million), and CAGR, 2018-2037F
        2. Liquid, Market Value (USD Million), and CAGR, 2018-2037F
      2. By Application
        1. Cryogenics, Market Value (USD Million), and CAGR, 2018-2037F
        2. Semiconductor Processing, Market Value (USD Million), and CAGR, 2018-2037F
        3. Magnetic Resonance Imaging (MRI), Market Value (USD Million), and CAGR, 2018-2037F
        4. Welding, Market Value (USD Million), and CAGR, 2018-2037F
        5. Fiber Optics, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
      3. By End user
        1. Aerospace and Aircraft, Market Value (USD Million), and CAGR, 2018-2037F
        2. Electronics and Semiconductors, Market Value (USD Million), and CAGR, 2018-2037F
        3. Nuclear Power, Market Value (USD Million), and CAGR, 2018-2037F
        4. Healthcare, Market Value (USD Million), and CAGR, 2018-2037F
        5. Metal Fabrication, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
      4. By Region
        1. North America, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        2. Europe, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        3. Asia Pacific Excluding Japan, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        4. Japan, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        5. Latin America, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        6. Middle East and Africa, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
    4. Cross Analysis of Form w.r.t. Application (USD Million), 2018-2037​
  28. North America Helium Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Million Cubic Meters), and Compound Annual Growth Rate (CAGR)
    3. North America Helium Market Segmentation Analysis (2018-2037)
      1. By Form
        1. Gas, Market Value (USD Million), and CAGR, 2018-2037F
        2. Liquid, Market Value (USD Million), and CAGR, 2018-2037F
      2. By Application
        1. Cryogenics, Market Value (USD Million), and CAGR, 2018-2037F
        2. Semiconductor Processing, Market Value (USD Million), and CAGR, 2018-2037F
        3. Magnetic Resonance Imaging (MRI), Market Value (USD Million), and CAGR, 2018-2037F
        4. Welding, Market Value (USD Million), and CAGR, 2018-2037F
        5. Fiber Optics, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
      3. By End user
        1. Aerospace and Aircraft, Market Value (USD Million), and CAGR, 2018-2037F
        2. Electronics and Semiconductors, Market Value (USD Million), and CAGR, 2018-2037F
        3. Nuclear Power, Market Value (USD Million), and CAGR, 2018-2037F
        4. Healthcare, Market Value (USD Million), and CAGR, 2018-2037F
        5. Metal Fabrication, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
      4. By Country
        1. U.S., Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        2. Canada, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
    4. Cross Analysis of Form w.r.t. Application (USD Million), 2018-2037​
  29. Europe Helium Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Million Cubic Meters), and Compound Annual Growth Rate (CAGR)   
    3. Europe Helium Market Segmentation Analysis (2018-2037)
      1. By Form
        1. Gas, Market Value (USD Million), and CAGR, 2018-2037F
        2. Liquid, Market Value (USD Million), and CAGR, 2018-2037F
      2. By Application
        1. Cryogenics, Market Value (USD Million), and CAGR, 2018-2037F
        2. Semiconductor Processing, Market Value (USD Million), and CAGR, 2018-2037F
        3. Magnetic Resonance Imaging (MRI), Market Value (USD Million), and CAGR, 2018-2037F
        4. Welding, Market Value (USD Million), and CAGR, 2018-2037F
        5. Fiber Optics, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
      3. By End user
        1. Aerospace and Aircraft, Market Value (USD Million), and CAGR, 2018-2037F
        2. Electronics and Semiconductors, Market Value (USD Million), and CAGR, 2018-2037F
        3. Nuclear Power, Market Value (USD Million), and CAGR, 2018-2037F
        4. Healthcare, Market Value (USD Million), and CAGR, 2018-2037F
        5. Metal Fabrication, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
      4. By Country
        1. UK, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        2. Germany, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        3. France, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        4. Italy, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        5. Spain, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        6. Russia, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        7. BENELUX, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        8. Poland, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        9. Rest of Europe, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F 
    4. Cross Analysis of Form w.r.t. Application (USD Million), 2018-2037​
  30. Asia Pacific Excluding Japan Helium Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Million Cubic Meters), and Compound Annual Growth Rate (CAGR)   
    3. Asia Pacific Excluding Japan Helium Market Segmentation Analysis (2018-2037)
      1. By Form
        1. Gas, Market Value (USD Million), and CAGR, 2018-2037F
        2. Liquid, Market Value (USD Million), and CAGR, 2018-2037F
      2. By Application
        1. Cryogenics, Market Value (USD Million), and CAGR, 2018-2037F
        2. Semiconductor Processing, Market Value (USD Million), and CAGR, 2018-2037F
        3. Magnetic Resonance Imaging (MRI), Market Value (USD Million), and CAGR, 2018-2037F
        4. Welding, Market Value (USD Million), and CAGR, 2018-2037F
        5. Fiber Optics, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
      3. By End user
        1. Aerospace and Aircraft, Market Value (USD Million), and CAGR, 2018-2037F
        2. Electronics and Semiconductors, Market Value (USD Million), and CAGR, 2018-2037F
        3. Nuclear Power, Market Value (USD Million), and CAGR, 2018-2037F
        4. Healthcare, Market Value (USD Million), and CAGR, 2018-2037F
        5. Metal Fabrication, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
      4. By Country
        1. China, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        2. India, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        3. South Korea, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        4. Australia, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        5. Indonesia, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        6. Malaysia, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        7. Vietnam, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        8. Thailand, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        9. Singapore, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        10. New Zealand, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        11. Rest of APEJ, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
    4. Cross Analysis of Form w.r.t. Application (USD Million), 2018-2037​
  31. Japan Helium Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Million Cubic Meters), and Compound Annual Growth Rate (CAGR)   
    3. Japan Helium Market Segmentation Analysis (2018-2037)
      1. By Form
        1. Gas, Market Value (USD Million), and CAGR, 2018-2037F
        2. Liquid, Market Value (USD Million), and CAGR, 2018-2037F
      2. By Application
        1. Cryogenics, Market Value (USD Million), and CAGR, 2018-2037F
        2. Semiconductor Processing, Market Value (USD Million), and CAGR, 2018-2037F
        3. Magnetic Resonance Imaging (MRI), Market Value (USD Million), and CAGR, 2018-2037F
        4. Welding, Market Value (USD Million), and CAGR, 2018-2037F
        5. Fiber Optics, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
      3. By End user
        1. Aerospace and Aircraft, Market Value (USD Million), and CAGR, 2018-2037F
        2. Electronics and Semiconductors, Market Value (USD Million), and CAGR, 2018-2037F
        3. Nuclear Power, Market Value (USD Million), and CAGR, 2018-2037F
        4. Healthcare, Market Value (USD Million), and CAGR, 2018-2037F
        5. Metal Fabrication, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
  32. Latin America Helium Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Million Cubic Meters), and Compound Annual Growth Rate (CAGR)   
    3. Latin America Helium Market Segmentation Analysis (2018-2037)
      1. By Form
        1. Gas, Market Value (USD Million), and CAGR, 2018-2037F
        2. Liquid, Market Value (USD Million), and CAGR, 2018-2037F
      2. By Application
        1. Cryogenics, Market Value (USD Million), and CAGR, 2018-2037F
        2. Semiconductor Processing, Market Value (USD Million), and CAGR, 2018-2037F
        3. Magnetic Resonance Imaging (MRI), Market Value (USD Million), and CAGR, 2018-2037F
        4. Welding, Market Value (USD Million), and CAGR, 2018-2037F
        5. Fiber Optics, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
      3. By End user
        1. Aerospace and Aircraft, Market Value (USD Million), and CAGR, 2018-2037F
        2. Electronics and Semiconductors, Market Value (USD Million), and CAGR, 2018-2037F
        3. Nuclear Power, Market Value (USD Million), and CAGR, 2018-2037F
        4. Healthcare, Market Value (USD Million), and CAGR, 2018-2037F
        5. Metal Fabrication, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
      4. By Country
        1. Brazil, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        2. Argentina, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        3. Mexico, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
        4. Rest of Latin America, Market Value (USD Million), Volume (Million Cubic Meters), and CAGR, 2018-2037F
    4. Cross Analysis of Form w.r.t. Application (USD Million), 2018-2037​
  33. Middle East & Africa Helium Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Million Cubic Meters), and Compound Annual Growth Rate (CAGR)   
    3. Middle East & Africa Helium Market Segmentation Analysis (2018-2037)
      1. By Form
        1. Gas, Market Value (USD Million), and CAGR, 2018-2037F
        2. Liquid, Market Value (USD Million), and CAGR, 2018-2037F
      2. By Application
        1. Cryogenics, Market Value (USD Million), and CAGR, 2018-2037F
        2. Semiconductor Processing, Market Value (USD Million), and CAGR, 2018-2037F
        3. Magnetic Resonance Imaging (MRI), Market Value (USD Million), and CAGR, 2018-2037F
        4. Welding, Market Value (USD Million), and CAGR, 2018-2037F
        5. Fiber Optics, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
      3. By End user
        1. Aerospace and Aircraft, Market Value (USD Million), and CAGR, 2018-2037F
        2. Electronics and Semiconductors, Market Value (USD Million), and CAGR, 2018-2037F
        3. Nuclear Power, Market Value (USD Million), and CAGR, 2018-2037F
        4. Healthcare, Market Value (USD Million), and CAGR, 2018-2037F
        5. Metal Fabrication, Market Value (USD Million), and CAGR, 2018-2037F
        6. Others, Market Value (USD Million), and CAGR, 2018-2037F
      4. By Country
        1. GCC, Market Value (USD Million), Volume (Tons) CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Israel, Market Value (USD Million), Volume (Tons) CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. South Africa, Market Value (USD Million), Volume (Tons) CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Rest of Middle East & Africa, Market Value (USD Million), Volume (Tons) CAGR & Y-o-Y Growth Trend, 2024-2037F
    4. Cross Analysis of Form w.r.t. Application (USD Million), 2018-2037​
  34. About Research Nester

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Helium Market size was valued at USD 3.3 billion in 2024 and is projected to reach a valuation of USD 6.8 billion by the end of 2037, rising at a CAGR of 5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of helium is estimated at USD 3.7 billion.   

The global helium market is experiencing a shift as demand grows in industries such as semiconductors, medical technology, fiber optics, and aerospace. Due to advancement in the technological sector, helium has become a significant enabler of next-generation processes, making it the key component in several value chains. Manufacturers are thus striving to increase the production capacities to match this steep increase in the industrial application. For example, Renerge started the commercial production of Liquid Helium in August 2024 at the production plant in South Africa targeting sectors such as semiconductors, health, and aerospace among others. This strategic expansion directly meets the growing demand for high purity helium and is part of a larger trend towards regional supply chain resilience. 

Government funding, enhanced research, and technological development by private industries are driving the growth of helium demand across the globe. As helium becomes more crucial in cryogenics, leak detection, MRI, and fiber optics, policy and structures are the key drivers in improving the supply and application of helium. In March 2024, Messer purchased the Federal Helium System from the U.S. Bureau of Land Management consisting of the Cliffside Field and a 423-mile pipeline. This acquisition enhances the firm’s control over strategic reserves while, at the same time, supporting dependent industries. Furthermore, an increase in imports and exports in aerospace and electronics industries has contributed to other forms of helium demand, bolstered by international investment in research, hydrogen economy, and renewable energy.  

Helium Market Size
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Helium Market: Growth Drivers and Challenges

Growth Drivers

  • Expanding semiconductor industry: Semiconductors are among the most innovative products in the global helium market, and helium is a vital component in their manufacturing. From plasma etching to cooling and leak detection, helium is a valuable gas due to its non-reactive and thermal characteristics. Semiconductor sales globally were USD 627.6 billion in 2024, which demonstrates the growth of the industry. Helium is being used in process integrity, which is exerting pressure on manufacturers to lock in long-term supply contracts and to develop helium recovery technologies. With the advancement of precision manufacturing, helium requirement is expected to move in tandem with the trend of high-end chip design and fab operations around the world.
  • Expansion of space orbits and satellite usage: The aerospace industry is one of the significant driving forces behind the rising demand for helium. The World Economic Forum estimates the space economy to grow from 630 billion USD in 2023 to 1.8 trillion USD in 2035, marking a growth of 2.9 times. Helium is used in rocket fuel pressurization, cryogenic fuel separation and purge systems during the lift-off process and space travel. Global government expenditure on space activities was higher in 2023 and stood at USD 125 billion, up by 11%, and this has seen countries such as the US, China, Japan, and France enhance their commitment. As the number of reusable launch systems and satellite constellations grows, helium has emerged as one of the critical inputs in ensuring the reliability of launch vehicles and the soundness of the fuel systems of space structures.
  • Cryogenic technological advancements: Recent developments in cryogenic engineering are revolutionizing the role of helium in the industry. In 2024, China made a breakthrough in ultra-large cryogenic refrigeration systems from 20K to 2K, with constant power output ranging from hundreds to thousands of watts. These high-capacity systems, which are used in aerospace, hydrogen storage and helium recovery applications, reduce import dependency on such equipment. With continued advancement in the precision science, researchers are now looking for even lower temperatures, and that is where helium comes in handy as the best medium for the advancement of scientific and energy technologies. This demand ripple effect is now expanding into R&D labs, fusion energy initiatives, and clean hydrogen systems, which only increases helium’s importance.

Challenges

  • Supply chain fragmentation and resource concentration: Helium supply is at risk due to the limited geographical availability of the substance and the fact that its production is dominated by only a few companies. This concentration gives rise to disruptions in supply chains that affect industries dependent on helium. These risks can only be overcome through diversification of the sources and development of new extraction technologies. Furthermore, geopolitical issues and export control measures may add to the instability of the supply chain and require cooperation with partners and international organizations to ensure constant helium supply.
  • Regulatory and infrastructure bottlenecks: Helium production and distribution involve infrastructure acquisition and project development, which encounter legal challenges and long approval procedures. These constraints slow down the development of critical infrastructure and limit helium market flexibility. Regulatory approvals can also pose a problem to the timely expansion of production capacity, hence a threat to supply and price instability. This means that regulatory structures need to change over time to allow for the transformation of infrastructure and the acceleration of the construction of production facilities. These bottlenecks should be addressed through measures that enhance the efficiency of the regulatory environment and facilitate closer cooperation between the government and industry players to bolster the helium market.
Helium Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

5%

Base Year Market Size (2024)

USD 3.3 billion

Forecast Year Market Size (2037)

USD 6.8 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Helium Segmentation

Form (Gas, Liquid)

Gas segment is expected to hold helium market share of over 62% by the end of 2037, due to its uses in leak detection, fiber optics, and manufacturing pressurization systems. In June 2024, INFICON released SMART-Spray, I·BOOST, and SPRAY-Check tools to enhance the precision of leak detection, which proves that intelligent sensing is becoming more crucial in high-tech processes. Helium in gaseous form is highly preferred in automobiles and electronics industries for quality purposes, while the fiber optics industry utilizes the inert nature of helium during the manufacturing process of cables. Since industrial automation is on the rise, there is likely to be an increased need for helium-based sensing and pressurization.

Application (Cryogenics, Semiconductor Processing, Magnetic Resonance Imaging (MRI), Welding, Fiber Optics)

In helium market, semiconductor processing segment is predicted to account for revenue share of more than 20.9% by the end of 2037, due to the adoption of helium in semiconductor manufacturing processes. In January 2025, ExxonMobil and Chart Industries signed a global master agreement to advance LNG and cryogenic gas, strengthening helium-intensive procedures for chip production. Due to the high values of its diffusion coefficient, low chemical reactivity, and high heat transfer coefficient, helium can be used in plasma etching, heat removal, and leak detection. As the semiconductor industry moves into AI processors and high-end photolithography, the demand for high-precision fabrication will rise, ensuring helium’s continued prominence in this industry.

Our in-depth analysis of the global helium market includes the following segments:

Form
  • Gas 
  • Liquid 

Application
  • Cryogenics 
  • Semiconductor Processing 
  • Magnetic Resonance Imaging (MRI) 
  • Welding 
  • Fiber Optics

End user
  • Aerospace and Aircraft 
  • Electronics and Semiconductors 
  • Nuclear Power 
  • Healthcare 
  • Metal Fabrication 

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Helium Industry - Regional Synopsis

North America Market Analysis

North America helium market is expected to capture revenue share of around 35.8% by the end of 2037, owing to the high demand of helium in electronics, aerospace, and sciences in the region. During September 2024, North American Helium (NAH) started production in the ninth plant in Saskatchewan, enhancing supply security in the region. The company has spent more than $0.5 billion in infrastructure, thereby strengthening its status as the leading supplier of high purity helium for advanced uses. Hence, helium will remain a crucial commodity to support the progress of North America in the fields of semiconductor fabrication, life sciences, and other space-related applications.

The U.S. helium market is a critical hub for supply chains, supported by extensive infrastructure and innovation capabilities. In January 2023, the Iwatani Corporation of America acquired Aspen Air U.S., LLC in Montana to strengthen its position in the industrial gas sector. The action will serve to extend the availability of helium in the western part of the U.S. to meet the previously unmet demand in aerospace, oil & gas, and healthcare industries. Continued investment in cryogenic infrastructure and helium management make the U.S. the world’s powerhouse of high-value gas integration and application development.

Helium is rapidly emerging as a popular commodity for exploration and upstream development in Canada. In March 2025, Helium Evolution raised USD 2.7 million in funding and entered into a strategic collaboration with ENEOS Xplora Inc. to advance resource exploration in western Canada. This strategic alignment increases the interest in the Canadian helium assets due to geopolitical neutrality of the country, quality of the resource, and the policies in place. As Canada increases its status to industrial gas supply, helium is a great opportunity for economic development and technological progress in medical and scientific fields.

Asia Pacific excluding Japan Market Statistics

Asia Pacific excluding Japan helium market is likely to witness growth rate of over 5.6% till 2037, attributed to increasing technology and infrastructure development. In March 2025, Global Gases established a helium transfill facility in Malaysia to strengthen distribution in Southeast Asia. The facility provides added convenience for industries such as electronics manufacturing, diagnosis, and industrial gases. With the increasing level of urbanization and increased need for high accuracy in manufacturing and scientific applications, helium will be needed to meet the commercial and scientific needs in the region.

China is the largest helium consumer in Asia due to its electronics and semiconductor industries. According to the Semiconductor Industry Association, China accounts for 36% of the total production of electronics in the world. Helium is essential in manufacturing processes such as leak testing, laser cutting, welding, and cryogenics. Moreover, the government’s efforts to promote technology independence and domestic semiconductor manufacturing are increasing the importance of helium acquisition and supply. In addition to this, with the increasing involvement of China in space programs, the importance of helium in the country is also rapidly rising.

Healthcare and research industries are among the major growth segments that are driving the demand for helium in India. The healthcare sector is also expected to increase with the country’s healthcare expenses increasing to 1.9% of GDP in FY24, in machines such as Magnetic Resonance Imaging (MRI) and cryogenics. In addition, as India is now focusing on space technology and quantum computing, the demand for helium is gradually increasing in science-oriented sectors. The continuous enhancement of medical facilities and diagnostic mechanisms in the second and third tier cities creates a long-term growth prospect for helium suppliers to expand their helium market share.

Helium Market Share
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Companies Dominating the Helium Market

    The global helium market is highly fragmented, with both large, diversified players and smaller regional competitors. Some of the major players are Air Liquide, Air Products and Chemicals, Inc., Buzwair Industrial Gases Factories, ExxonMobil Corporation, Gulf Cryo, Iwatani Corporation, Linde PLC, Messer SE & Co. KGaA, Nippon Sanso Holdings Corporation, PGNiG SA (ORLEN S.A.), and Qatar Energy LNG. These companies are engaging in exploration, cryogenic logistics, storage capacity, and sustainable helium recovery systems to sustain competitive advantage in the changing helium market environment.

    The strategic partnerships and infrastructure investments is likely to remain critical in shaping the competitive structure of the market as helium becomes integrated into clean technologies, space applications, and precision industries. In March 2024, Iwatani Corporation, Buzwair Gases, and LNG Japan formed a partnership and signed a memorandum of understanding to create helium transfill and ISO container stations in Ras Laffan Industrial City, Qatar. This initiative increases storage capacity within the region and improves the international networks for distribution.

    Here are some leading companies in the helium market:

    • Air Liquide 
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Air Products and Chemicals, Inc.  
    • Buzwair Industrial Gases Factories  
    • ExxonMobil Corporation
    • Gulf Cryo 
    • Iwatani Corporation  
    • Linde PLC  
    • Messer SE & Co. KGaA  
    • NIPPON SANSO HOLDINGS CORPORATION  
    • PGNiG SA (ORLEN S.A.) 
    • Qatar Energy LNG

In the News

  • In February 2025, Helium One Global Ltd. announced it has received an offer for a mining license from Tanzanian authorities, marking a pivotal step toward commercial helium production. The license pertains to its flagship Rukwa project, strengthening the company’s pathway to becoming a key supplier in the global helium supply chain. This development positions Helium One to contribute meaningfully to future helium market stability amid rising global demand.
  • In February 2025, Sharon.AI and New Era Helium signed a Letter of Intent to acquire a 200-acre site in Texas for a planned 250MW net-zero energy AIHPC data center. The project integrates helium development with advanced AI infrastructure, creating synergies between clean energy, critical mineral supply, and next-gen computing needs. This collaboration represents an innovative intersection between the helium industry and high-performance data center development.
  • In February 2025, Pulsar Helium announced its inclusion in the 2025 TSX Venture 50 list, recognizing its standout performance among Canada growth-stage companies. The recognition highlights investor confidence in Pulsar’s strategic position within the helium exploration sector. As helium gains importance in high-tech and clean energy applications, Pulsar's visibility on this list signals growing market momentum for upstream producers.

Author Credits:   Rajrani Baghel


  • Report ID: 7347
  • Published Date: Mar 18, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2024, the industry size of helium was USD 3.3 billion.

The global helium market size was USD 3.3 billion in 2024 and is expected to reach USD 6.8 billion by the end of 2037, expanding at a CAGR of 5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of helium will be valued at USD 3.7 billion.

Key players in the market are Air Liquide, Air Products and Chemicals, Inc., Buzwair Industrial Gases Factories, ExxonMobil Corporation, Gulf Cryo, Iwatani Corporation, Linde PLC, Messer SE & Co. KGaA, NIPPON SANSO HOLDINGS CORPORATION, PGNiG SA (ORLEN S.A.), Qatar Energy LNG

The gas segment is anticipated to lead the helium market during the forecast period.

North America is likely to offer lucrative prospects to the companies in the helium market during the forecast period.
Helium Market Report Scope
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