Helium Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

How Are the key drivers contributing to the expansion of the helium market?
The expansion of the helium market is projected to be propelled by the increasing demand from the healthcare sector. Helium's unique attributes, like its inertness, lack of reactivity with other elements, resistance to corrosion, and fireproof properties, make it extensively useful in different diagnostic equipment for various diseases. In numerous healthcare applications, such as supplemental treatment for asthma exacerbation, ARDS, croup, COPD, and bronchiolitis, helium is routinely employed. For example, in the operation of magnetic resonance imaging (MRI) equipment, helium is indispensable for the regulation of strong magnets, proving highly beneficial in scrutinizing certain conditions within the abdomen, chest, and pelvis regions. These attributes also make it invaluable in diagnosing pregnancy.

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What growth opportunities are expected to drive the helium market's CAGR through 2034?
The helium market has seen robust growth in the past few years. It's projected to expand from a value of $5.19 billion in 2024 to $5.62 billion in 2025, marking a compound annual growth rate (CAGR) of 8.3%. This significant growth during the historical period is due to the solid economic advancement in emerging markets, a surge in demand for chemical products, and a rising interest in bio-based dispersants.

Forecasters predict a consistent increase in the helium market size over the upcoming years, surging up to $7.47 billion by 2029 with a compound annual growth rate (CAGR) of 7.4%. This predicted expansion during this period can be linked to factors such as governmental support, advancements in polymerization techniques, heightened demand for water-based dispersants, and growing urbanization. Key trends for this forecast period include a growing adoption of IoT technology by helium manufacturers, the utilization of helium-filled hard drive technology, a surge in production capacity, product innovation, as well as partnerships and collaborations.

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How are the latest trends influencing the growth of the helium market?
Industrial gas enterprises and distributors are turning to new helium supply avenues due to the dwindling current sources of helium, particularly from the US Bureau of Land Management's (BLM) system. Non-hydrocarbon processes for helium production are emerging as credible alternatives, where helium is harvested and sold as the primary or a significant revenue stream. Rex Canon, CEO of IACX Energy, highlighted at the Global Helium Summit that if other non-hydrocarbon gases available could be commercialized, like carbon dioxide, then gas fields with less than 0.6% helium content could have been exploited for helium production and sale as a subsidiary product. He also underscored that due to the reduction in BLM supplies, alternative non-hydrocarbon helium sources were a viable replacement for the conventional sources like LNG flash gas and NRU off-gas.

Which growth-oriented segments of the helium market are leading the industry's development?
The helium market covered in this report is segmented -

1) By Type: Liquid Helium, Gaseous Helium
2) By Application: Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding, Controlled Atmosphere, Other Applications
3) By End User: Healthcare, Welding And Metal Fabrication, Electronics And Semiconductors, Laboratory, Lifting And Balloons, Other End-Users

Subsegments:
1) By Liquid Helium: Cryogenic Applications, Scientific Research
2) By Gaseous Helium: Industrial Applications, Medical Applications, Party Balloons And Inflatable Products, Electronics Manufacturing, Other Uses

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What regions are leading the charge in the helium market?
Asia-Pacific was the largest region in the helium market in 2024. North America was the second-largest region in the global helium market. The regions covered in the helium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What companies are at the forefront of innovation in the helium market?
Major companies operating in the helium market include Air Products and Chemicals, Inc, Air Liquide S.A, Iwatani Corporation, Messer Group GmbH, Qatargas Operating Company Limited, Gulf Cryo, Air Water Inc, Axcel Gases, Nippon Helium Inc, Taiyo Nippon Sanso Corporation, The Linde Group Air Products, Chemicals Inc, Anhui Clean Energy Co., Ltd, Chengdu Taiyu Industrial Gases Co., Ltd, Hubei Daly LPG Cylinder Manufacturer Co., Ltd, Jiangsu Hongren Special Gas Co., Ltd, Qingdao Baigong Industrial and Trading Co., Ltd, Air Products Italia S.r.l, Basi Schoberl GmbH & Co. KG, Riessner-Gase GmbH, RealGas LLC, Cylinders Holding A.S, Cryoin Engineering Ltd, Galo Gas, Elme Messer K, Matheson Tri-Gas Inc, ExxonMobil, Chevron, ConocoPhillips, EOG Resources, Phillips 66, National Iranian Oil Company, Bristol Specialty Gases, Middle East Gases, Abu Dubai National Oil Company, Petrofac International Sharafco Group Companies, Ghazanfer Group, Al Mansoori Abu Dubai, Emirates Lube Oil Company, Lootah BC Gas, Renergen (RLT), My Gas (Pty) Ltd

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What Is Covered In The Helium Global Market Report?

• Market Size Forecast: Examine the helium market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the helium market for a structured understanding.
• Key Players Overview: Analyze major players in the helium market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the helium market.
• Segment Contributions: Evaluate how different segments drive overall growth in the helium market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the helium market.
• Industry Challenges: Identify potential risks and obstacles affecting the helium market.
• Competitive Landscape: Review strategic developments in the helium market, including expansions, agreements, and new product launches.

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