North America Helium Market Forecast To Register CAGR Of Over 12.90% From 2024 To 2033
North America Helium Market Size
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 Growth Factors
The capacity of current and anticipated helium supply sources to meet future demand is highly questionable, despite the fact that helium is a critical component of many significant technologies that impact our lives daily. A problematic scenario has been the result of a combination of circumstances, starting with the United States government’s decision in 1996 to sell virtually all of its helium stockpile, which was located in a depleted natural gas field in Amarillo, Texas.
This led to an artificially low price and an increase in supply for the majority of the past decade. The helium that was sold out of this reserve has already been consumed, as it was the sole location in the world to store helium until recently.
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The introduction of shale drilling has resulted in the cancellation or postponement of numerous significant energy initiatives, as well as the depletion of the US government’s helium reserve, following the decline in oil and gas prices. Helium was previously produced as a byproduct in a few significant conventional oil and gas operations that were found to contain a significant amount of helium.
In recent years, the majority of helium-related initiatives have been canceled due to the substitution of oil and gas production from shale, which is incapable of capturing or producing significant quantities of helium. There are currently no significant projects underway in North America to replace the helium supply that was lost as a consequence of the US government’s stockpile sales. The current helium demand has become less elastic due to recent shortages, and the emergence of new sources of helium demand could potentially accelerate demand growth.
Helium consumption is increasing in the semiconductor and electronics sector
- The Internet is also dependent on helium. Semiconductors, which are present in nearly all contemporary devices, are manufactured using liquid helium to chill the magnets. Furthermore, to prevent the formation of confined bubbles, the fiber optic cables that transmit Internet access and cable TV to individuals’ residences must be produced in an all-helium atmosphere.
- The fabrication facility, which is equipped with state-of-the-art technology and operates under ultra-clean conditions, is where silicon is transformed into functional circuits. The refining process must be executed efficiently to optimize the investment of billions of dollars in modern fabs and the numerous pieces of equipment that have a cost of millions of dollars. There are numerous applications for helium in these operations.
- Helium is employed in the semiconductor manufacturing process for a variety of purposes. In addition, it is an “inert gas, which implies that it does not interact with other substances. As a result, it is appropriate for the chemical reactions that transpire during the procedure. The presence of an inert atmosphere encircling the silicon prevents any undesirable reactions, as many of these are based on gases or liquids.
- In addition, helium has a high thermal conductivity, which enables it to efficiently carry heat away. During these procedures, this assists in sustaining the temperature of the silicon. As the circuitry on silicon decreases in size, this is becoming more significant. Without the process control that helium provides, it would be challenging to execute this reduction. Consequently, the market growth is anticipated to be driven by the distinctive characteristics of helium, which are irreplaceable by any other element, during the forecast period.
North America Helium Market Recent Developments
- In January 2022, Air Liquide announced a long-term agreement to provide highly pure hydrogen, helium, and carbon dioxide to one of the largest semiconductor manufacturers in the world. Air Liquide plans to allocate nearly $60 million toward the development, ownership, and administration of on-site plants and systems at a new production facility in Phoenix, Arizona, in order to facilitate this agreement.
- In October 2021, Renerger announced the completion of a forward-sale agreement with Argonon Helium US Inc. for 100,000 units of helium over 19 years.
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
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