Helium Market to Grow with a CAGR of 6.58% through 2030

Rising Demand from the Healthcare Sector and Increased Space Exploration and Aerospace Activities are expected to drive the Global Helium Market growth in the forecast period, 2026-2030

According to TechSci Research report, “Helium Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Helium Market stood at USD 4.10 Billion in 2024 and is anticipated to grow with a CAGR of 6.58% in the forecast period.

Helium plays an essential role in cryogenic applications, where its ability to achieve extremely low temperatures makes it critical for scientific research, superconducting technologies, and particle accelerator operations. Major research facilities such as CERN and Fermilab, along with nuclear fusion initiatives, rely heavily on helium to cool superconducting magnets and reactor systems. Additionally, the accelerating development of quantum computing and low-temperature superconductors is driving increased demand for liquid helium, which is required to maintain ultra-cold environments essential for these emerging technologies.

In the welding and metal fabrication industry, helium serves as a shielding gas in arc welding processes, enhancing weld integrity by ensuring a stable arc and preventing oxidation. This has become particularly important with the expansion of automotive manufacturing, infrastructure projects, and heavy machinery production especially across Asia-Pacific and North America where helium consumption is rising in parallel with industrial growth.

Helium is also gaining traction in the nuclear energy sector, where it functions as both a coolant and carrier gas in gas-cooled reactors and fusion technology platforms. With governments and private entities increasingly focused on sustainable and clean energy alternatives, helium is emerging as a preferred option over conventional gases due to its safety profile, thermal stability, and efficiency under high temperatures.

Despite its advantages, helium presents notable logistical and operational constraints due to its unique physical characteristics. It must be stored either as a high-pressure gas or a cryogenic liquid at -269°C, requiring specialized infrastructure, including liquefaction plants, insulated transport containers, and skilled handling personnel. This infrastructure is capital-intensive and highly centralized, controlled by a limited number of global players, which introduces bottlenecks in supply chains. Additionally, helium boil-off losses particularly with liquid helium during storage and transportation further raise operating costs and reduce efficiency. These technical and infrastructure-intensive requirements act as barriers to market entry for new suppliers and limit accessibility for users in remote or underdeveloped regions, ultimately constraining broader market penetration and slowing global growth potential.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Helium Market”

The Global Helium Market is segmented into phase, application, end user, regional distribution, and company.

Based on the category of Application, the Cryogenics segment emerged as the dominating segment in the market for Helium in 2024. Helium is the only element that remains a liquid at temperatures close to absolute zero (−269°C or 4.2 K at atmospheric pressure), making it the ideal cryogenic agent for applications requiring extreme cold. Unlike other gases, helium cannot be solidified by simply lowering temperature at atmospheric pressure it requires intense pressure, which highlights its unmatched behavior in cryogenics. This distinctive capability is the foundation of its widespread use in supercooling systems, which is central to many advanced technologies. The medical imaging sector, particularly Magnetic Resonance Imaging (MRI), is the single largest consumer of liquid helium in cryogenics. MRI machines require superconducting magnets that must be cooled to ultra-low temperatures to operate efficiently, a function that only liquid helium can perform reliably.

With rising global healthcare investments, aging populations, and increasing prevalence of chronic diseases, the demand for MRI machines is consistently growing especially in developing economies such as India, China, and Southeast Asian nations. This surge directly fuels helium consumption in cryogenic form, reinforcing the segment’s market leadership. Cryogenics plays a critical role in fundamental scientific research, including particle physics, nuclear fusion, and low-temperature experiments. Prestigious research institutions and facilities such as CERN, Fermilab, and national labs across the U.S., Europe, and Asia use massive quantities of liquid helium to cool superconducting magnets in particle accelerators and experimental reactors. Cryogenic helium is essential in nuclear magnetic resonance (NMR) spectroscopy, widely used in molecular biology, pharmaceuticals, and chemistry research.

North America is positioned to experience the fastest market growth in the global helium market, driven by a convergence of factors that include strategic resource availability, strong end-user demand, government policy shifts, and technological innovation.

The United States has historically been one of the world’s largest helium producers, and recent developments are reinforcing this position. Exploration efforts in helium-rich basins across the U.S. (including in Utah, Arizona, and Colorado) and in Canada’s Saskatchewan and Alberta provinces are drawing significant capital, as companies race to secure alternative reserves amid global supply constraints. North America is home to some of the largest and most advanced consumers of helium, including the semiconductor industry, medical imaging facilities, and aerospace and defense sectors.

Major companies operating in Global Helium Market are:

• Air Products and Chemicals, Inc
• Linde PLC
• Air Liquide
• Messer SE & Co. KGaA
• TAIYO NIPPON SANSO CORPORATION
• MESA Specialty Gases & Equipment
• MATHESON Tri-Gas, Inc
• Iwatani Corporation
• Gazprom
• Gulfcryo

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“The global helium market is entering a transformative phase, shaped by rising demand across high-impact sectors such as healthcare, semiconductors, aerospace, and energy technologies. While the market continues to face challenges related to supply limitations, infrastructure complexity, and geopolitical dependencies, sustained investments in exploration, storage capabilities, and technological innovation are reinforcing long-term growth potential. As helium increasingly emerges as a strategic industrial asset, market participants that prioritize supply chain resilience, sustainability, and vertical integration will be best positioned to capitalize on the evolving dynamics of this critical global resource”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Helium Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Phase (Gas, Liquid), By Application (Breathing Mixes, Cryogenics, Leak Detection, Pressurizing & Puring, Welding, Controlled Atmosphere, Other), By End User (Aerospace & Defense, Medical & Healthcare, Electronics & Electrical, Nuclear Power, Metal Fabrication, Other), By Region, & Competition, 2020-2030F”, has evaluated the future growth potential of Global Helium Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Helium Market.

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