Helium

Global Helium Market to Reach US$3.5 Billion by 2030

The global market for Helium estimated at US$2.6 Billion in the year 2024, is expected to reach US$3.5 Billion by 2030, growing at a CAGR of 5.0% over the analysis period 2024-2030. Packaged, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$1.6 Billion by the end of the analysis period. Growth in the Merchant segment is estimated at 4.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$681.5 Million While China is Forecast to Grow at 6.6% CAGR

The Helium market in the U.S. is estimated at US$681.5 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$498.2 Million by the year 2030 trailing a CAGR of 6.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.6% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Global Helium  Market - Key Trends & Drivers Summarized

Helium is a unique and vital element, known for its distinct properties of being the second lightest and second most abundant element in the observable universe. It is a colorless, odorless, tasteless, non-toxic, and inert gas, often found in natural gas reserves and extracted through a complex process of fractional distillation. Helium has several key applications across various industries due to its low boiling point, non-reactive nature, and thermal conductivity. In the medical field, helium is crucial for operating magnetic resonance imaging (MRI) machines, as it is used to cool the superconducting magnets to extremely low temperatures necessary for their operation. Additionally, helium is essential in scientific research, particularly in cryogenics and high-energy particle physics, where it enables the study of matter at very low temperatures.

Technological advancements and innovations have significantly expanded the uses of helium beyond traditional applications. In the aerospace and defense sectors, helium is employed in the pressurization and purging systems of rockets and spacecraft due to its inertness and ability to prevent explosions and contamination. The electronics industry utilizes helium in the manufacturing of semiconductors and fiber optics, as it provides an ideal environment for creating precise and high-quality components. Furthermore, helium`s unique properties make it indispensable for leak detection in high-vacuum systems and pipelines, ensuring the integrity and safety of critical infrastructure. The entertainment industry also relies on helium for inflating balloons and creating lighter-than-air displays, although this use is relatively minor compared to its industrial applications.

The growth in the helium market is driven by several factors. Technological advancements in healthcare, particularly the increasing demand for MRI machines, have significantly boosted the need for helium in medical applications. The expansion of the aerospace industry, with a growing number of space missions and satellite launches, has increased the demand for helium for pressurization and purging. Additionally, the rapid growth of the electronics industry, driven by the rising demand for semiconductors and fiber optics, has further stimulated market growth. The increasing focus on infrastructure safety and the need for advanced leak detection methods also contribute to the rising demand for helium. Moreover, the global shift towards clean energy and the development of fusion technology present new opportunities for helium applications. These factors collectively drive the robust growth of the helium market, highlighting its critical role in various high-tech and industrial sectors.

SCOPE OF STUDY:

The report analyzes the Helium market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Gas, Liquid); Distribution Channel (Packaged, Merchant, Onsite); Application (Cryogenics, Welding, Laboratory, Lifting Balloons, Fiber Optics, Pressurizing & Purging, Leak Detection, Breathing Mixtures, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 30 Featured) -

• Air Liquide SA
• Air Products and Chemicals, Inc.
• Airgas, Inc.
• Axcel Gases
• Iwatani Corporation
• Linde PLC
• Matheson Tri-Gas, Inc.
• Nexair LLC
• Renergen Limited
• Taiyo Nippon Sanso Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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