Helium market seen reaching $4.9 billion by 2032

Allied Market Research says the global helium market will grow from $3.3 billion in 2022 to $4.9 billion by 2032, driven by healthcare demand, technology advances and recycling efforts. Asia-Pacific led the market in 2022, while liquid helium, controlled atmosphere uses and other niche applications are projected to post the fastest growth.

Why it matters: - Helium is a critical input for healthcare, electronics, aerospace and scientific research. - The market’s projected rise to $4.9 billion by 2032 signals steady demand even as supply limits remain a constraint. - Helium recycling and conservation could become more important as buyers look to secure supply.

What happened: - Allied Market Research published a report on the global helium market covering phase type, applications, end-use industries and regions for 2023-2032. - The report values the market at $3.3 billion in 2022 and projects it will reach $4.9 billion by 2032. - The forecast implies a 4.2% compound annual growth rate from 2023 to 2032. - The report says Asia-Pacific held the largest regional share in 2022 and is expected to remain the top revenue region through 2032. - The report also identifies major players including Air Products and Chemicals, Linde, Air Liquide, Gazprom, ExxonMobil, Gulf Cryo, IACX Energy, Matheson Tri-Gas and Taiyo Nippon Sanso. - Download sample pages from the report.

The details: - The gaseous segment held more than two-thirds of market revenue in 2022 and is expected to remain the largest phase type. - The liquid segment is projected to grow the fastest, with a 4.7% CAGR from 2023 to 2032. - Cryogenics held almost one-third of market revenue in 2022 and is expected to stay the largest application segment. - Controlled atmosphere uses are projected to post the fastest application growth, with a 5.3% CAGR. - Electricals and electronics held more than two-fifths of market revenue in 2022 and are expected to keep the lead among end-use industries. - The “others” end-use category, including automotive and metal fabrication, is projected to grow at a 4.9% CAGR. - Asia-Pacific accounted for more than two-fifths of global revenue in 2022 and posted a 4.6% CAGR, making it the fastest-growing region in the report. - Purchase options and data are available from the publisher. - More details are available in the related release.

Between the lines: - Demand is being pulled by helium’s role in cryogenics, especially for preserving biological samples and cooling superconducting systems. - The report points to healthcare growth, new technology uses and supply-chain efficiency as the main market supports. - Limited reserves remain a drag on expansion, which helps explain the focus on recovery, purification and conservation technologies. - The report’s technology section highlights helium’s use in MRI machines, particle accelerators, quantum computing and leak detection. - The historical note on U.S. reserves and the Helium Privatization Act underscores why helium pricing and supply have long been politically sensitive.

What’s next: - Liquid helium demand should benefit from continued use in low-temperature research and advanced materials work. - Controlled atmosphere applications are positioned for faster growth as preservation and manufacturing needs broaden. - Recovery and purification systems may gain traction as companies try to stretch limited supply. - The report’s forecast suggests Asia-Pacific will remain a major demand center through 2032.

The bottom line: - Helium is shifting from a niche industrial gas story to a broader growth market shaped by healthcare, advanced electronics and energy-intensive science.