Introduction:

Helium Market was valued at US$ 5.9 billion in 2024 and is projected to grow at a CAGR of 21.30% to reach US$ 34.5 billion by 2034.

Helium is a tasteless, odourless, and colourless gas which is a member of the periodic table's noble gas group. It is the second most frequently occurring element in the universe and the lightest element after hydrogen, yet is extremely scarce on Earth. Because of its low density and ability to weigh less than air, helium has a wide range of uses. With the lowest boiling point of any element, it may transform into a liquid at very low temperatures, exhibiting extraordinary features including super fluidity and superconductivity.

Helium is most commonly used in its gaseous state, when it is used to inflate balloons and airships, providing buoyancy. Moreover, it finds usage in cryogenic applications, like particle accelerators and the cooling of magnets in magnetic resonance imaging (MRI) equipment. Additionally, helium is useful in the welding process because it protects the weld from air contamination by acting as a shielding gas.

Helium's low density and non-flammable properties make it a popular choice for airship and balloon inflation.  Because it is non-flammable and inert, helium is regarded as a safe gas. It is a non-renewable resource with a restricted supply. Helium must therefore be used wisely and sustainably in order to guarantee its continuous access for vital uses in the coming years.

Helium is heavily used in the electronics and semiconductor industries to cool the magnets used in the manufacturing of semiconductors. Additionally, the primary factors boosting the target market growth include the growing use of liquid helium and cryogenics in MRI scanners, as well as the quick development of the medical sector. However, the target market might observe certain challenges over the forecast period like the substantial amount of price required for the extraction, transportation, and storage of helium, along with the necessity to comply with governmental rules and standards regarding its usage and application.    

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Helium Market Key Drivers:

Rising demand from semiconductor and electronics industries

• The target market is expanding as a result of the rising helium consumption in the semiconductor and electronics industries. Because of its high thermal conductivity and inert qualities, helium is a crucial component in the development of semiconductors, especially those used in the creation of modern devices and Internet-related technology. Moreover, for the purpose of cooling superconducting magnets, guaranteeing accuracy in wafer inspection, and preventing potential damage during ion implantation, helium is essential to semiconductors. It is crucial for cooling optics in lithography, improving patterning precision, and assisting with leak detection to maintain equipment integrity in the semiconductor production process.

Expanding healthcare industry to support the target market growth

• Within the healthcare sector, helium finds numerous uses. Since liquid helium can drop to -269° C, it is perfect for cooling the magnet in magnetic resonance imaging (MRI) machines. It is essential for treating respiratory conditions including emphysema and asthma. As a result, the primary factors propelling the target market growth are the growing applications of cryogenics and liquid helium utilization in MRI scanners, as well as the quick development of the medical sector which is predicted over the projected timeframe. 

Helium Market Restrains:                                  

Substantial extraction prices along with stringent rules and regulations  

• The high expense of the extraction procedure and the strict government laws limiting the usage of helium are probably going to impede the target market's expansion. Also, because of its low boiling point, helium requires specific facilities for cryogenic storage and delivery, which again raises the entire cost.
• Additionally, the immense dependency on particular areas for helium can raise questions about the supply's long-term stability. Therefore, for businesses that depend on helium for vital uses, this might be problematic.   

Helium Market is segmented based on type, application, distribution, and region.

Type Insights

• Gaseous: Gaseous type is a dominating segment of this sector for the target market.  Because of its extremely low blood and water solubility, it is used as a deep-sea diving gas below thirty meters. Nitrogen/oxygen-breathing mixtures, such as trimix, heliox, and heliair, are substituted with oxygen-breathing mixtures to avoid nitrogen narcosis or blood nitrogen accumulation. As a result, because of its chemical inertness, it is a favoured protective gas.   
• Liquid: Advances in technology and science, such as quantum computing and quantum communication, often rely on superconducting elements that require liquid helium to precisely cool. There is an increasing need for the product, and these new technologies are important to suffice that need.

Application Insights

• MRI & NMR: MRI and NMR segment is estimated to hold a large share of the target market. Helium is vital to Nuclear Magnetic Resonance (NMR) spectroscopy for the scientific community and for research purposes. In addition, Magnetic Resonance Imaging (MRI) equipment is also extensively utilized in hospitals, and in various other medicinal sectors.
• Semiconductors & Optic Fibres: Semiconductors & optic fibres segment utilize helium as it is essential for the fabrication of fibre optic cables and chips.
• Ballooning: Ballooning segment makes use of helium to lift airships, weather balloons, as well as research balloons.
• Leak Detection: Leak detection segment utilizes helium as it can fit through tiny spaces, and is therefore used to find leaks in pressured systems like pipelines.
• Others: Others segment covers uses of helium for utilization in inert atmosphere formation, metal purging, and soldering.

Distribution Insights

• Bulk: Bulk segment distributes huge amounts of helium which is delivered through refrigerated tankers or pipes.
• Packaged: Packaged segment distributes high-pressure tanks holding helium which are usually meant for smaller-scale uses.
• Onsite: Onsite segment includes facilities for producing and purifying helium and are usually situated close to important helium consumption centers.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Helium Market Regional Insights

• North America market is estimated to witness a significantly high revenue share over the forecast period, owing to increasing technological advancements and the substantial growth of healthcare industry which is predicted to accelerate the target market expansion. Also, the aerospace industry's significant presence, technological developments, and the research and development centers are the driving forces behind this dominance.
• Asia Pacific market is estimated to witness fastest revenue share due to increasing prevalence of the element’s usage in various end-use sectors including electronics, electrical, medical, automotive, etc.
• Europe market is expanding steadily and with the growing need for high-tech, low-cost, and metal items, it will significantly boost the region's economy. Also, the growth of the target market can be credited to the rise in helium usage in well-established European healthcare industry to power medical imaging devices, mainly magnetic resonance imaging (MRI) machines.
• Latin America market is an emerging region and is experiencing expansion due to elevated industrial demand for helium in a growing and developing market.
• Middle East & Africa market is in its developmental stages and has immense opportunities to grow in the future as a result of rising industrialization, and demand from various end use industries.

Report Scope:

Attribute	Details
Market Size 2024	US$ 5.9 billion
Projected Market Size 2034	US$ 34.5 billion
CAGR Growth Rate	21.30%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Type - Gaseous & Liquid By Application - MRI & NMR, Semiconductors & Optic Fibres, Ballooning, and Leak Detection & Others By Distribution - Bulk, Packaged & Onsite
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Helium Market report based on type, application, distribution, and region:

Helium Market, By Type:

• Gaseous
• Liquid

Helium Market, By Application:

• MRI & NMR
• Semiconductors & Optic Fibres
• Ballooning
• Leak Detection
• Others

Helium Market, By Distribution:

• Bulk
• Packaged
• Onsite

Helium Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Helium Market includes, Air Liquide, Linde AG, Praxair Inc., Messer Group, Polish Oil and Gas Company, Iwatani Corporation, Exxon Mobil Corporation, Matheson Tri-Gas, ONEOK Inc., and Qatargas Operating Company Limited.

Recent Development:

• In January 2022, Air Liquide signed a long-term agreement to deliver ultra-high purity hydrogen, helium, and carbon dioxide to one of the biggest semiconductor manufacturers in the world. In accordance with this new deal, Air Liquide intends to invest up to 60 million dollars to construct, acquire, and run on-site plants and systems at a new manufacturing facility in Phoenix, Arizona.
• In April 2022, Linde announced a long-term contract to supply the US with helium from Freeport LNG's Texas production facility. To do this, Linde plans to build a new processing facility for liquefying and purifying recovered helium.
• In January 2020, Tumbleweed Midstream obtained the Ladder Creek plant and collection system from DCP Midstream. The factory is located west of Cheyenne Wells, Colorado. This region produces a lot of helium, with an average concentration of about 3%

• Air Liquide*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Linde AG
• Praxair Inc.
• Messer Group
• Polish Oil and Gas Company
• Iwatani Corporation
• Exxon Mobil Corporation
• Matheson Tri-Gas
• ONEOK Inc.
• Qatargas Operating Company Limited

“*” marked represents similar segmentation in other categories in the respective section.

Research Objective and Assumption

• Preface
• Research Objectives
• Study Scope
• Years Considered for the study
• Assumptions
• Abbreviations

Research Methodology

• Research data
• Primary Data
  • Primary Interviews
  • Primary Breakdown
  • Key data from Primary Sources
  • Key Thickness Insights
• Secondary Data
  • Major Secondary Sources
  • Secondary Sources
• Market Estimation
• Top-Down Approach
  • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
• Bottom-Up Approach
  • Approach for estimating market share by Bottom-up Analysis (Demand Side)
• Market Breakdown and Data Triangulation
• Research Assumptions

Market Preview

• Executive Summary
• Key Findings—Global Outlook for medical carts Strategies
  • Key Questions this Study will Answer
  • Market Snippet, By Type
  • Market Snippet, By Application
  • Market Snippet, By Distribution
  • Market Snippet, By Region
• Opportunity Map Analysis
• Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restrains
  • Market Opportunities
  • Market Trends
• DR Impact Analysis
• PEST Analysis
• Porter’s Five Forces Analysis
• Opportunity Orbit
• Market Investment Feasibility Index
• Macroeconomic Factor Analysis

Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Gaseous
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Liquid
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• MRI & NMR
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Semiconductors & Optic Fibres
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Ballooning
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Leak Detection & Others
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Distribution, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Bulk
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Packaged & Onsite
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Distribution, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
• Europe
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Distribution, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Distribution, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Latin America
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Distribution, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Distribution, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• GCC
• Israel
• South Africa
• Rest of Middle East

Competitive Landscape

• Heat Map Analysis
• Market Presence and Specificity Analysis

Company Profiles

• Air Liquide
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Linde AG
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Praxair Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Messer Group
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Polish Oil and Gas Company
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Iwatani Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Exxon Mobil Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Matheson Tri-Gas
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• ONEOK Inc
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Qatargas Operating Company Limited.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

The Last Word

• Future Impact
• About Us
• Contact