North America Helium Market 2025 – 2034

The North America Helium Market size was valued at USD 6.11 billion in 2025. The total revenue is expected to grow at a CAGR of 12.9% over the forecast period, reaching nearly USD 14.98 billion by 2034.

North America Helium Market Overview

The demand for the helium gas industry is expected to increase in the future years due to the increasing use of helium in the semiconductor industry. Helium is classified as a noble gas. Consequently, helium is chemically inert, similar to nitrogen, and it also possesses a high thermal conductivity. A number of the properties of liquid helium that are obtained from natural gas harvesting are utilized in the production of semiconductors.

Helium is an “inert” gas, which means that it does not react with other elements. Consequently, it is an ideal material for the production of semiconductors. Additionally, the demand for liquefied helium is further exacerbated by the increasing demand from the medical sector.

Helium is employed in the healthcare sector for a variety of applications, such as adjuvant therapy for asthmatic exacerbations, croup, ARDS, and bronchiolitis. Helium is employed in magnetic resonance imaging (MRI) apparatus to regulate a powerful magnet that is advantageous for the diagnosis of pregnancy and the monitoring of conditions in the pelvis, chest, and stomach.

Helium gas may be implemented to mitigate respiratory ailments, including asthma and emphysema. Additionally, liquid helium serves medical purposes by serving as a chilling medium for magnets, NMR spectrometers, and MRI scanners.

Helium is an essential component that is irreplaceable in the production of MRI scanners, as well as in certain scientific research, rocketry, and space exploration. Although helium may be substituted with other gases for certain applications, they may not necessarily offer the same level of performance or economic benefits.

The entire Earth’s gas supply is generated by the sluggish and steady radioactive decay of the Earth’s rock or the nuclear fusion process of the Sun. Helium is a byproduct of this process. It is uneconomical to obtain it directly from the air, and it cannot be artificially produced.

On the contrary, the overwhelming majority of commercially available helium is obtained as a byproduct of natural gas production from a limited number of natural gas reservoirs with relatively high helium concentrations. Over the past decade, LNG has increased the quantity of helium that is economically viable.

North America Helium Market Growth Factors

The helium market is anticipated to expand during the forecast period due to the anticipated rise in demand for cooling superconducting magnets in rocket engines and space telescopes. The demand for helium is significantly influenced by the expanding aerospace industry, predominantly as a result of its critical role in cooling superconducting magnets that are utilized in rocket engines and space telescopes.

Helium is highly valued in aerospace applications due to its distinctive characteristics, including its inert nature and low vaporization point. These attributes render it an optimal coolant for superconducting magnets, which are essential components of numerous high-tech aerospace systems.

Superconducting magnets are employed in rocket propulsion systems to address the intricate cooling requirements of rocket engines. To preserve their superconducting properties, these magnets must operate at extremely low temperatures. Helium functions as an effective coolant to accomplish this.

As the aerospace industry progresses with the development of next-generation rockets and more ambitious space missions, the demand for helium to support these sophisticated technologies is anticipated to rise. The Indian Space Association (ISpA) and the French aerospace industry organization GIFAS inked a Memorandum of Understanding in October 2023 to enhance their collaboration in the space sector.

The objective of this agreement is to enhance comprehension of the capabilities of each country’s space industry and to increase awareness of business opportunities in the space sector. The space industry is anticipated to drive growth in the helium market.

Nevertheless, the development of helium is anticipated to be restricted by the restricted supply of helium during the forecast period. Due to its finite status and the concentration of its extraction and production in a few important regions, helium’s limited supply poses a substantial challenge to the market.

Helium is a rare gas that is present in trace quantities in natural gas deposits. Its extraction necessitates complicated and expensive specialized techniques. Consequently, the production of helium is primarily concentrated in a small number of countries, including the United States, Qatar, and Russia, where there are substantial natural gas reserves that contain helium.

The global supply of helium is substantially influenced by any disruptions in these regions, whether they are due to geopolitical issues, natural disasters, or operational challenges, due to the geographic concentration of production facilities. For example, the availability of helium for a variety of industries can be impacted by supply constraints resulting from political instability or regulatory changes in key helium-producing countries.

North America Helium Market Trends

The considerable increase in natural gas demand has motivated gas operators to concentrate their investments on the development of conventional and unconventional gas reserves. Helium is produced as a byproduct of the production of natural gas. Consequently, it is anticipated that an increase in capital expenditures for on-field development will mitigate the inconsistent supply.

Semiconductor processors are employed in electronic devices such as smartphones, tablets, and PCs to execute computational, storage, and communication functions. The majority of these processors are made of silicon, a common semiconductor material.

Helium is extensively employed in the production of semiconductors as a result of its exceptional thermal conductivity, which assists in the regulation of silicon’s temperature. Helium also possesses inert gas and low-temperature properties. It is anticipated that this will lead to an increase in its utilization within the electronics sector. Therefore, it is anticipated that the global helium market will be fuelled by heightened investments in the electronics sector.

North America Helium Market Restraints

The industry has been significantly affected by the strict safety regulations that govern the production and transportation of helium gas. These chemicals become toxic and hazardous when subjected to high temperatures and pressures. Businesses in this sector should allocate resources to the acquisition of equipment, methods, and procedures that will mitigate hazardous levels and chemical concentrations.

These laws increased the operational costs of businesses in this sector, thereby limiting the opportunity for investments in the introduction of new products and the opening of new markets, thereby affecting market expansion.

North America Helium Market Segmentation Analysis

By Types:

The global helium market can be classified as either liquid or gas, depending on its nature. Among these, gaseous helium is the most widely used and has the largest market share. It is also frequently used in welding. Gas-based helium is employed in a variety of applications, including semiconductors, fiber optics, leak detection, pressurization and purging, and as a heat transfer medium.

The primary drivers of the global helium gas market are the expansion of the semiconductor industry, the demand for gas from medical applications such as NMR and MRI, and the demand for electronics in the APAC region. The utilization of helium gas has been on the rise in recent years, with an increase in its adoption in a variety of end-use segments.

By Application:

The cryogenics segment dominated the helium market, with a compound annual growth rate (CAGR) of 3.7% during the forecast period. Helium is essential for a variety of scientific applications that necessitate extremely low temperatures. Helium is utilized for the long-term storage of biological materials, including tissue, embryos, and eggs.

Helium facilitates the preservation of these samples for medical research, assisted reproduction, and the conservation of genetic diversity by establishing and maintaining cryogenic temperatures.

Furthermore, helium is extensively employed in scientific research disciplines, including materials science, condensed matter physics, and low-temperature physics. Researchers employ helium to investigate the behavior of materials at ultra-low temperatures, thereby revealing distinctive properties and phenomena that would otherwise remain undiscovered.

Helium is indispensable in cryostats and dilution refrigerators designed to attain and sustain these exceptionally low temperatures. This ability creates opportunities for the exploration of the boundaries of science, which in turn facilitates the advancement of various disciplines using the investigation of materials and the discovery of innovative scientific insights.

By End-User:

During the forecast period, the electrical and electronics segment is anticipated to experience a substantial growth of 3.2% CAGR, with the highest revenue in the end-use industry. Helium is frequently employed as a refrigerant in a variety of electronic and electrical systems.

Extremely low temperatures are necessary for superconducting magnets in devices such as magnetic resonance imaging (MRI) machines, particle accelerators, and certain scientific research equipment. To attain these low temperatures, helium is utilized as a cryogenic coolant. Helium is employed as a tracer gas to identify breaches in electrical and electronic systems.

It is an inert gas that can be readily identified using sensitive helium leak detectors. This approach is particularly advantageous for the detection of leakage in vacuum, refrigeration, and air conditioning systems.

Report Scope

North America Helium Market Regional Analysis

In 2024, the global helium market was primarily dominated by North America. This region’s expansion is attributable to its substantial production and diverse end-user applications, as well as its robust infrastructure that serves the aerospace, defense, and semiconductor industries.

The U.S., Canada, and Mexico are the primary countries that are contributing to the region’s market expansion. North America’s dominance is once again emphasized by the robust presence and influence of high-tech companies and research institutes. Mexico is also considered an emergent nation as a result of its robust healthcare infrastructure and expanding aerospace industry.

Furthermore, the United States is the world’s largest supplier of helium, producing 2.15 billion cubic feet (61 million cubic meters) in 2020, which accounts for approximately 44% of the total global production. This estimate corresponds to approximately 150 years of supply at 2020 US production levels. Nevertheless, it is highly unlikely that the entire 306 billion cubic feet of helium will be produced, as it is primarily produced as a byproduct of natural gas production.

The US helium supply has been decreasing since the start of the decade, with a decrease from approximately 4.7 bcf/y to 3.0 bcf/y. This is the result of a significant decrease in production out of storage from the BLM, as well as a reduction in the current helium output.

List of the prominent players in the North America Helium Market:

• 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)
• Others

The North America Helium Market is segmented as follows:

By Phase

• Gas
• Liquid

By Application

• Breathing Mixes
• Cryogenics
• Leak Detection
• Pressurizing & Puring
• Welding
• Controlled Atmosphere
• Other Applications

By End-use

• Aerospace & Defense
• Medical & Healthcare
• Electronics & Electrical
• Nuclear Power
• Metal Fabrication
• Other End-uses

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America