Global Helium Market to Reach $3.4 Billion by 2030, Fueled by Rising Demand in Cryogenics and Welding Applications

Dublin, Aug. 14, 2023 (GLOBE NEWSWIRE) -- The "Helium: Global Strategic Business Report" report has been added to's offering.

The global market for Helium estimated at US$2.3 Billion in the year 2022, is projected to reach a revised size of US$3.4 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030.

Gas, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$2.4 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Liquid segment is readjusted to a revised 4.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $627.6 Million, While China is Forecast to Grow at 6.7% CAGR

The Helium market in the U.S. is estimated at US$627.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$504.6 Million by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Select Competitors (Total 30 Featured) -

  • Air Liquide S.A
  • Air Products and Chemicals, Inc
  • Axcel Gases
  • Ellenbarrie Industrial Gases Ltd
  • Exxon Mobil Corporation
  • Iwatani Corporation
  • Linde Plc
  • Matheson Tri-Gas, Inc
  • The Messer Group GmbH
  • North American Helium
  • Polish Oil and Gas Company
  • Qatargas Operating Company Limited
  • Taiyo Nippon Sanso Corporation
  • The Southern Gas Limited
  • US Gas
  • Weil Group

Key Attributes:

Report AttributeDetails
No. of Pages401
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$2.3 Billion
Forecasted Market Value (USD) by 2030$3.4 Billion
Compound Annual Growth Rate5.0%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • Impact of COVID-19 and a Looming Global Recession: Adverse Implications for Global Helium Market
  • Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Industrial Activity Remains Subdued in the Immediate Term: Stringent Regulations & Price Volatility Hinder Expansion of Helium Market
  • An Introduction to Helium: Intriguing Element with Plethora of Applications
  • Production & Manufacturing
  • Global Helium Reserves (2019): Breakdown of Reserves (in Million Cubic Feet) for Select Countries
  • Global Helium Production in Million Cubic Feet by Select Countries (2019)
  • US Helium Market (2015, 2017 & 2019): Percentage Breakdown of Source by Extracted from Natural Gas and Withdrawn from Storage
  • Primary Applications of Helium
  • Rising Demand from End-Use Industries to Help Helium Market Scale New Heights in Long Term: Overview and Outlook
  • World Helium Market by Application (2020 & 2027): Percentage Breakdown of Sales for Cryogenics, Welding, Laboratory, Lifting Balloons, Fiber Optics, Pressurizing & Purging, Leak Detection, Breathing Mixtures, and Other Applications
  • Healthcare Occupies Larger Addressable Share of Helium Market
  • Rising Natural Gas Output to Buoy Helium Market
  • Gaseous Helium Segment Dominates Global Helium Market
  • World Helium Market by Type (2020 & 2027): Percentage Breakdown of Sales for Gas, and Liquid
  • Asia and North America Enjoy Commanding Presence in Global Helium Market
  • World Helium Market (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • World Helium Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
  • Competitive Scenario
  • Recent Market Activity
  • Select Global Brands
  • Helium - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)



  • Widespread Utility of Helium in Cryogenics Augments Market Prospects
  • Evolving Role of Cryogenics in Space Systems Bodes Well
  • Helium for Effective Operation of MRI Machines
  • Welding: An Established Application
  • Relevance of Welding in Numerous Processes Augurs Well
  • Global Welding Machinery and Consumables Market by End-Use Sector (2019): Percentage Breakdown of Value Sales for Automotive, Energy, Infrastructure/Construction, Shipbuilding and Others
  • World Gas Welding and Cutting Machinery Market by End-Use Segment (2019): Percentage Breakdown of Value Sales for Automotive, HVAC, Maintenance & Repair and Others
  • World Resistance Welding Machinery Market by End-Use Segment (2019): Percentage Breakdown of Value Sales for Appliances, Automotive, Construction and Others
  • Lifting Balloons: Another Established Application
  • Opportunities in Breathing Mixtures Market
  • Relevance of Helium in Fiber Optics Manufacturing
  • Rising Use in Defense & Military Applications
  • Helium Continues to Gain Traction in Pressurizing & Purging Applications
  • Leak Testing Made Easier with Helium
  • Critical Role in Semiconductor Manufacturing Underpins Future Growth
  • Slowdown in Electronics Industry Hampers Immediate Prospects
  • Measuring the Impact of COVID-19 on the Semiconductor Industry in Terms of Disruption & Time to Recovery (In Months) as of August 2020
  • Percentage Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Falling Consumer Confidence Impacts Sales of Automotive and Consumer Electronics




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Global Market for Helium

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