The global helium market size is calculated at USD 4.16 billion in 2025 and is forecasted to reach around USD 7.47 billion by 2034, accelerating at a CAGR of 6.72% from 2025 to 2034. The North America market size surpassed USD 1.52 billion in 2024 and is expanding at a CAGR of 6.85% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
The global helium market size was estimated at USD 3.90 billion in 2024 and is predicted to increase from USD 4.16 billion in 2025 to approximately USD 7.47 billion by 2034, expanding at a CAGR of 6.72% from 2025 to 2034. The helium is expanding due to its huge demand in various sectors like manufacturing, healthcare, research, and aerospace, where the element plays a pivotal role.
Artificial intelligence technologies are drastically minimizing the time and resources being used for research and development in the chemical industry. IBM’s tools, like RXN, are utilized for future prediction of chemical reactions with the help of AI by lowering the mandate for extensive physical testing. AI helps researchers in the helium market simulate experiments virtually, resulting in faster innovation and increasing chemical companies' agility to respond to the market’s ups and downs.
AI-driven platforms help to gain a deeper understanding of complex chemical behavior, allowing the innovation of new materials and methods with greater accuracy and lesser trial and error. AI also plays a significant role in revolutionizing chemical plants into smart manufacturing factories. This is possible due to the integration of AI and Internet of Things (IoT) sensors, which increase predictive maintenance and operational decision-making and thus prevent expensive downtime.
The U.S. helium market size was exhibited at USD 1.37 billion in 2024 and is projected to be worth around USD 2.67 billion by 2034, growing at a CAGR of 6.90% from 2025 to 2034.
North America dominated the global helium market in 2024. The growth of this region is due to its significant production and various end-user applications, along with robust infrastructure supporting the semiconductor industry, aerospace, and defense sectors. Country-wise, the U.S., Canada, and Mexico are leading countries contributing to the region's expansion in the market. The strong hold and presence of high-tech companies and research institutes again assert North America's dominance. Mexico is also an emerging country due to its developing aerospace industry and healthcare infrastructure.
Europe is expected to witness the fastest growth in the helium market over the forecast years. This is mainly due to the rising demand for helium from the healthcare and electronics industries. Helium is increasingly used in medical imaging, MRI machines, and other electronic devices due to its high thermal conductivity and inert characteristics. Germany is leading the European helium market. The country plays a key role in the European semiconductor industry, as it is home to many domestic and international semiconductor manufacturing companies. Since helium is essential in semiconductor production for heat management, its demand is increasing in the semiconductor industry, supporting the market growth in the region.
The helium market is expanding globally due to its core use in several industries, such as defense, aerospace, mechanical, electronics, electrical, and energy, along with other sectors. As helium is a noble gas, it does not show explosive reactions with the environment; thus, it is considered safe and used where safety is paramount. Helium is also used in many research areas, such as physics, chemistry, and material sciences. Due to the increasing number of research labs and institutes around the globe, the demand for helium is constantly at its peak, which is a key driving factor for the market's expansion.
| Report Coverage | Details |
| Market Size by 2034 | USD 7.47 Billion |
| Market Size by 2025 | USD 4.16 Billion |
| Market Size in 2024 | USD 3.90 Billion |
| Market Growth Rate from 2025 to 2034 | CAGR of 6.72% |
| Leading Region | North America |
| Fastest Growing Market | Europe |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Segments Covered | Phase, Application, End-Use, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Increasing demand for helium by the semiconductor industry
The major driving factor for the helium market is the increasing demand for helium by the semiconductor industry across the globe. Due to its unique properties, helium is the most demanding gas and plays a vital role in the semiconductor industry for fabrication purposes. The semiconductor industry is witnessing substantial investment by major players for rapid technological advancements and to increase the production capacity of semiconductors.
Helium is superior in heat transferring, which makes it highly indispensable as a carrier gas and mediator for reactions in the manufacturing of semiconductors, where it aids in the transportation of low-volatile chemicals and accurately controls temperatures during the production process of wafers. Additionally, the market is witnessing a whopping amount of investment by leading countries to establish in the semiconductor industry.
Geopolitical tensions lead to supply constraints
Helium is a naturally derived chemical component available abundantly in the universe and primarily derived from natural gas processing. Despite its wide availability, the helium market faces major challenges in its production and supply chain due to geopolitical tensions among countries providing it to other regions, generating price volatility. To combat this, Japan is collaborating with private space exploration companies to extract helium-3 from the moon as a future energy source, underpinning its huge need in every sector.
Increasing sophistication in aircraft manufacturing
The major opportunity that the helium market holds is the growing demand for helium across the aviation industry owing to its unique properties and increasing sophistication in the manufacturing of aircraft design. According to the data published by Boeing's commercial outlook, demand for around 42,595 commercial jets is expected by the annual year 2042. the number showcasing huge demand and leap in the aviation industry for the upcoming period, helps create lucrative opportunities worldwide.
Helium plays a crucial role in detecting potential equipment failure. Leading companies use spectrometers and helium to find small cracks or tears in equipment that cause major damage while airplane lifting. Also, while melding thick metals, helium provides excellent thermal conductivity and penetration, making it invaluable compared with conventional gases.
The gas phase accounted for the largest helium market share in 2024. The growth of this segment is due to its extensive application across various industries, like semiconductor manufacturing, highly controlled atmosphere applications, and leak detection methods in the aviation industry. Growing demand from another bolstering industry, known as the electronics industry, where helium in gas form makes a huge impact on creating a controlled atmosphere for manufacturing.
The liquid segment will grow at the fastest rate during the forecast year. The liquid segment is expanding owing to its impact on cool superconducting materials, which are majorly used in magnetic resonance imaging, spectroscopy, and several other applications. Liquid helium holds the property to maintain a temperature close to absolute zero, making it highly demanding in various scientific pursuits. Advanced scientific research like space exploration and particle accelerators where keeping the lowest temperature is paramount.
The cryogenics segment dominated the global helium market in 2024. The growth of this segment is primarily driven by the significant use of helium in various cryogenic applications, majorly in the healthcare and research fields. The segment's impact is again increased by its critical role in the electronics sector, where helium is used as a coolant while manufacturing electronic components, minimizing defects in processes and enhancing productivity.
The leak detection segment is expected to witness the fastest growth during the forecast years. Helium showcases unique properties like non-toxicity and inertness and is able to penetrate the smallest leaks effectively, as helium is the second smallest molecule in size. The segment is further proliferating due to its extensive use in sectors like automotive parts testing, semiconductor component manufacturing, and lithium battery package testing. The leak detection method, with the help of helium, is used particularly in high-precision manufacturing.
The medical and healthcare segment registered the highest helium market share in 2024. The segment is expanding due to its critical applications in MRI machines as a cooling agent. Further, the segment dominance is reinforced due to the growing installations of MRI units globally. According to data, nearly 150 million patients do MRI examinations on a yearly basis, highlighting its frequent usage in the medical/healthcare field. Moreover, helium used in respiratory therapy treatments has significantly contributed to its market leadership.
The electronics and semiconductor segment is anticipated to witness the fastest growth in the foreseeable period. The segment benefited by increasing the use of helium in several electronic manufacturing processes as carrier gas. The rising importance of helium in Fiber optic manufacturing and LCD panel production is a major contributor to segment growth. Processes like chip testing, wafer cooling, and plasma etching applications are highlighting the importance of helium due to its mandatory use in these processes. Similarly, the expansion of the semiconductor industry, along with major investments in manufacturing facilities and technological advancements, makes it an irreplaceable component in the electronics and semiconductor industry.
By Phase
By Application
By End-Use
By Regions
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