North America Helium Market Size, Share & Trends Analysis Report By Phase, By End-use (Medical & Healthcare, Aerospace & Defense, Electronics & Electrical, Nuclear Power, Metal Fabrication and Others), By Application, By Country and Growth Forecast, 2023

North America Helium Market Size, Share & Trends Analysis Report By Phase, By End-use (Medical & Healthcare, Aerospace & Defense, Electronics & Electrical, Nuclear Power, Metal Fabrication and Others), By Application, By Country and Growth Forecast, 2023 - 2030


The North America Helium Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 44,435.2 tonnes, showcasing a growth of 2.9% (2019-2022).

Liquid helium, a crucial coolant in superconducting applications, research laboratories, and medical devices like MRI machines, is witnessing a phase marked by both challenges and opportunities. One significant aspect shaping the liquid market is the increasing demand from diverse sectors. Thus, the US market would utilize 18,454.0 tonnes of Liquid helium by 2030.

The US market dominated the North America Helium Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,383.6 million by 2030. The Canada market is exhibiting a CAGR of 6.2% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 6.9% during (2023 - 2030).

The use of helium in cryogenics is a major driver of the market. It’s unique properties, including its extremely low boiling point of -268.9°C (-452°F) at atmospheric pressure, make it an ideal coolant for superconducting magnets. For operational purposes, including particle accelerators and magnetic resonance imaging (MRI) machines, these superconducting magnets necessitate temperatures in proximity to absolute zero in order to retain their superconducting state characterized by zero electrical resistance.

MRI machines, in particular, rely heavily on liquid helium to cool the superconducting magnets. These magnets are used to produce a strong and stable magnetic field, which is essential for the imaging process in MRI scans. As helium is an indispensable component in MRI machines, which guarantees the precision and dependability of medical diagnostics, the healthcare industry is a significant consumer of helium.

Similarly, according to estimates by the Mexican Aerospace Industry Federation (FEMIA), by mid-2022, the number of aerospace manufacturing firms and organizations in Mexico will have increased from 100 in 2004 to 368. Presently, manufacturers, maintenance-repair-overhaul facilities (MROs), technical schools, research centers, universities, and providers of related services comprise the majority of these organizations. Overall, 79% of all businesses are engaged in manufacturing, 11% are devoted to design and engineering, and 10% provide MRO services. Foreign direct investment (FDI) by country of origin was estimated by FEMIA to have been 48% from the United States and 36% from Canada in 2019.

Based on Phase, the market is segmented into Gas and Liquid. Based on End-use, the market is segmented into Medical & Healthcare, Aerospace & Defense, Electronics & Electrical, Nuclear Power, Metal Fabrication and Others. Based on Application, the market is segmented into Cryogenics, Breathing Mixes, Leak Detection, Welding, Pressurizing & Puring, Controlled Atmosphere and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Air Products and Chemicals, Inc.
  • Linde plc
  • Air Liquide S.A.
  • Messer SE & Co. KGaA (Messer Industrie GmbH)
  • Gulf Cryo
  • Axcel Gases
  • Iwatani Corporation
  • MESA International Technologies, Inc.
  • Matheson Tri-Gas, Inc. (The Nippon Sanso Holdings Group)
  • IACX Energy LLC (Alder Midstream, LLC)
North America Helium Market Report Segmentation

By Phase (Volume, Tonnes, USD Billion, 2019-2030)
  • Gas
  • Liquid
By End-use (Volume, Tonnes, USD Billion, 2019-2030)
  • Medical & Healthcare
  • Aerospace & Defense
  • Electronics & Electrical
  • Nuclear Power
  • Metal Fabrication
  • Others
By Application (Volume, Tonnes, USD Billion, 2019-2030)
  • Cryogenics
  • Breathing Mixes
  • Leak Detection
  • Welding
  • Pressurizing & Puring
  • Controlled Atmosphere
  • Others
By Country (Volume, Tonnes, USD Billion, 2019-2030)
  • US
  • Canada
  • Mexico
  • Rest of North America


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Helium Market, by Phase
1.4.2 North America Helium Market, by End-use
1.4.3 North America Helium Market, by Application
1.4.4 North America Helium Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Helium Market by Phase
4.1 North America Gas Market by Country
4.2 North America Liquid Market by Country
Chapter 5. North America Helium Market by End-use
5.1 North America Medical & Healthcare Market by Country
5.2 North America Aerospace & Defense Market by Country
5.3 North America Electronics & Electrical Market by Country
5.4 North America Nuclear Power Market by Country
5.5 North America Metal Fabrication Market by Country
5.6 North America Others Market by Country
Chapter 6. North America Helium Market by Application
6.1 North America Cryogenics Market by Country
6.2 North America Breathing Mixes Market by Country
6.3 North America Leak Detection Market by Country
6.4 North America Welding Market by Country
6.5 North America Pressurizing & Puring Market by Country
6.6 North America Controlled Atmosphere Market by Country
6.7 North America Others Market by Country
Chapter 7. North America Helium Market by Country
7.1 US Helium Market
7.1.1 US Helium Market by Phase
7.1.2 US Helium Market by End-use
7.1.3 US Helium Market by Application
7.2 Canada Helium Market
7.2.1 Canada Helium Market by Phase
7.2.2 Canada Helium Market by End-use
7.2.3 Canada Helium Market by Application
7.3 Mexico Helium Market
7.3.1 Mexico Helium Market by Phase
7.3.2 Mexico Helium Market by End-use
7.3.3 Mexico Helium Market by Application
7.4 Rest of North America Helium Market
7.4.1 Rest of North America Helium Market by Phase
7.4.2 Rest of North America Helium Market by End-use
7.4.3 Rest of North America Helium Market by Application
Chapter 8. Company Profiles
8.1 Air Products and Chemicals, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Linde PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Geographical Expansions:
8.2.6 SWOT Analysis
8.3 Air Liquide S.A.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 SWOT Analysis
8.4 Messer SE & Co. KGaA (Messer Industrie GmbH)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 SWOT Analysis
8.5 Gulf Cryo
8.5.1 Company Overview
8.5.2 SWOT Analysis
8.6 Axcel Gases
8.6.1 Company Overview
8.7 Iwatani Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.8 MESA International Technologies, Inc.
8.8.1 Company Overview
8.9 Matheson Tri-Gas, Inc. (The Nippon Sanso Holdings Group)
8.9.1 Company Overview
8.10. IACX Energy LLC (Alder Midstream, LLC)
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:

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