Helium Market Size, Share, and Growth Analysis, By Phase (Breathing Mixes, Cryogenics), By Application, By End-use, By Region - Industry Forecast 2026-2033

Helium Market size was valued at USD 5.02 Billion in 2024 and is poised to grow from USD 5.67 Billion in 2025 to USD 14.97 Billion by 2033, growing at a CAGR of 12.9% during the forecast period (2026-2033).

Helium serves a critical role across diverse sectors, primarily renowned for its applications in cooling technologies such as those found in advanced scientific facilities and medical equipment. Its unique properties enable it to function as an effective coolant in MRI scanners and superconducting magnets, essential for precision diagnostics. The market splits primarily into liquid and gaseous helium, with applications ranging from cryogenics and leak detection to controlled atmospheres and welding processes. Various industries utilize helium, including aerospace, nuclear power, electronics, and healthcare. Notably, in healthcare, helium is utilized as an adjunct therapy for respiratory disorders and plays a pivotal role in MRI systems, enhancing the monitoring of various medical conditions, thereby showcasing its broad utility and significance in multiple high-tech and medical environments.

Top-down and bottom-up approaches were used to estimate and validate the size of the Helium market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Helium Market Segments Analysis

Global Helium Market is segmented by Phase, Application, End-use, and Region. Based on Phase, the market is segmented into Gas, Liquid. Based on Application, the market is segmented into Breathing Mixes, Cryogenics, Leak Detection, Pressurizing & Puring, Welding, Controlled Atmosphere, Other Applications. Based on End-use, the market is segmented into Aerospace & Defense, Medical & Healthcare, Electronics & Electrical, Nuclear Power, Metal Fabrication, Other End-uses. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Helium Market

The expansion of both conventional and unconventional gas reserves has become a key area of investment for gas operators, driven by the rising demand for natural gas. Helium, a valuable resource, is extracted as a by-product of natural gas production. Consequently, it is anticipated that higher capital investment in field development will help stabilize the supply of helium, addressing previous inconsistencies. This increased focus on enhancing gas reserves not only supports the overall energy market but also contributes positively to helium availability, ensuring that the market can better meet growing consumer needs in various applications.

Restraints in the Helium Market

The Helium market faces considerable constraints due to rigorous safety regulations governing gas production and transportation. The inherent risks associated with helium, particularly under high temperatures and pressures, necessitate strict adherence to safety protocols, as these conditions can render the gas toxic and hazardous. Consequently, businesses must allocate substantial resources towards ensuring compliance through specialized equipment and procedures aimed at minimizing harmful chemical concentrations. Such regulatory burdens lead to increased operational costs, potentially limiting the financial capacity for investments aimed at product innovation and market expansion, ultimately hampering the growth prospects of the industry.

Market Trends of the Helium Market

The Helium market is witnessing significant growth, particularly within the North American healthcare sector, where its applications are increasingly leveraged for various medical technologies, including MRI machines and as a cooling agent in cryogenics. With a substantial investment in healthcare, which constitutes a significant portion of the GDP, the demand for helium is on the rise. This trend is bolstered by an expanding reliance on advanced medical equipment and research initiatives. As healthcare facilities aim to enhance patient care and operational efficiency, the helium market is poised to thrive, reflecting the sector's broader economic importance and innovation-driven trajectory.