Helium Market growing at a CAGR of 6.7% from 2025 to 2030

The global helium market size was estimated at USD 4.1 billion in 2024 and is projected to reach USD 6.06 billion by 2030, growing at a CAGR of 6.7% from 2025 to 2030. This is attributed to increasing product usage in numerous end use industries like aerospace, defense, medical, electronics & electrical, and energy sectors, among others.

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Helium is an essential component in various scientific experiments and research, particularly in fields such as physics, chemistry, and materials science. As scientific research continues to advance, the product demand remains high. The global industry is experiencing an uptick in competitive activity, with both domestic and international manufacturing firms vying for market share. While multinational corporations hold a substantial portion of the industry, several domestic companies based in nations like Canada, Qatar, Russia, and India are consolidating their presence.

According to the U.S. Department of the Interior, helium ranks as the second most widely available element, following hydrogen. It is an odorless and colorless inert gas, distinguished by its exceptional characteristics. It is considered a finite natural resource, primarily extracted from natural gas reservoirs. The geologic characteristics of regions like Texas, Oklahoma, and Kansas result in some of the highest product concentrations in the world within the natural gas found there, ranging from 0.3 to 2.7 percent. While helium is commonly recognized as a safe, non-flammable gas utilized for inflating balloons, its significance extends far beyond these applications. It serves as a pivotal element in various domains, encompassing scientific research, advanced medical technology, high-precision manufacturing, space exploration, and national defense.

For instance, the medical sector relies on helium for critical diagnostic equipment, notably in MRI machines. In the defense industry, it plays a crucial role in rocket engine testing, scientific balloons, surveillance aircraft, air-to-air missile guidance systems, and numerous other essential applications. The global market exhibits distinctive characteristics in terms of supply, demand, and storage, which have led to a nearly constant escalation in prices. In the past decade, helium demand has remained stagnant, primarily due to limited supply, despite a backdrop of 30% global GDP growth. Unlike the typical relationship between GDP growth and commodity demand, product prices rise each year.

According to AKAP Energy, over the past two decades, helium pricing has displayed a CAGR of 8%, reaching approximately $375 per thousand cubic feet (mcf) by late 2022. This figure is approximately 100 times the current pricing of natural gas in the United States. In recent years, the escalating global helium shortage has emerged as a pressing issue, driven by the diminishing availability of this precious gas. Helium, a rare and invaluable resource, finds utility across diverse sectors including healthcare, electronics, and aerospace. The product supply remains finite and constrained, with its principal source being extraction from natural gas reserves. Concurrently, product demand has been on the rise, propelled by its exceptional attributes, including its remarkably low boiling point, rendering it an ideal choice for a multitude of applications.

Drivers, Opportunities & Restraints

The helium market is driven by its critical role in MRI machines, semiconductor manufacturing, and fiber optics. Its inert, non-reactive nature and extremely low boiling point make it ideal for cooling and precision applications. As global healthcare and high-tech industries expand, especially in Asia-Pacific and North America, demand for helium continues to rise.

Helium is primarily extracted as a byproduct of natural gas, and its global supply is limited to a few countries, notably the U.S., Qatar, and Algeria. Supply disruptions due to plant shutdowns, geopolitical issues, or export restrictions often lead to shortages and price volatility. These factors create uncertainty for downstream users and hinder long-term planning.

Opportunities lie in the exploration of new helium reserves and the adoption of advanced extraction technologies, including helium recovery from low-concentration gas fields. Emerging helium production projects in Africa, Canada, and Australia aim to diversify supply. Additionally, innovations in helium recycling systems offer cost-effective and sustainable solutions for end users in research and industrial settings.

Helium Market Report Scope

Report Attribute	Details
Market size value in 2025	USD 4.39 billion
Revenue forecast in 2030	USD 6.06 billion
Growth rate	CAGR of 6.7% from 2025 to 2030
Base year for estimation	2024
Historical data	2018 – 2023
Forecast period	2025 – 2030
Report updated	May 2025
Quantitative Units	Volume in kilotons, revenue in USD million/billion, and CAGR from 2025 to 2030
Report coverage	Revenue forecast, competitive landscape, growth factors, and trends
Segments covered	Phase, application, end use, and region
Regional scope	North America; Europe; Asia Pacific; Latin America; and Middle East & Africa
Country scope	U.S.; Canada; Mexico; Germany; UK; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Argentina; Saudi Arabia; and South Africa.
Key companies profiled	Air Products and Chemicals, Inc.; Linde Plc; Air Liquide; Messer Group; Taiyo Nippon Sanso India; MESA Specialty Gases & Equipment; Matheson Tri-Gas Inc.; Iwatani Corporation; Gazprom PJSC; Gulf Cryo S.A.L.; IACX Energy
Customization scope	Free report customization (equivalent to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options