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Canada Helium Market Size, Share, Report, Trends, Analysis: By Phase: Liquid, Gas; By Application: Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Controlled Atmosphere, Welding, Others; By End Use: Aerospace and Aircraft, Electronics and Semiconductors, Others; Regional Analysis; Competitive Landscape; 2024-2032
Canada Helium Market Size
The Canada helium market is projected to grow at a CAGR of 4.73% between 2024 and 2032.
Canada Helium Market Outlook
- As of May 2022, Saskatchewan was the only Canadian province commercially producing helium. It supplied around 1% of the world’s helium demand.
- The government aims to increase Saskatchewan’s helium production to supply 10% of the world’s helium demand by 2030.
- According to industry reports, as of December 2023, Canada held the fifth largest helium resource deposits globally.
Canada Helium Market Growth
Helium is significantly used in cooling magnetic resonance imaging (MRI) machines as well as in the production of fiber optics, flat panel displays, and semiconductors (transistors). The gas also finds application as a lifting gas in balloons as well as in leak detection for vacuum-sealed containers. As the use of helium, becomes increasingly common, its demand is expected to grow in Canada and the world.
As of December 2023, Canada is home to around 70 billion cubic feet of helium resources. Most of that is found in southern Alberta and Saskatchewan. The number of helium-producing wells in Saskatchewan in 2022 was 15. Further, the province’s helium production stood at 2,380 (103m3) in 2022.
According to the Canada helium market analysis, the rising demand for helium has spurred increased exploration and development activities in the country. The gas is listed on the Government of Canada's critical minerals list, which includes 31 minerals and metals that are essential for Canada’s sustainable economic growth. With opportunities for helium exploration and development in Saskatchewan and Alberta, Canada can take advantage of helium's potential for energy diversification and strengthen its market position globally. With the rising focus of the government to boost domestic production, the global helium demand could be met partially with Canadian-produced helium.
Canada Helium Industry Segmentation
Canada Helium Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Phase
- Liquid
- Gas
Market Breakup by Application
- Breathing Mixes
- Cryogenics
- Leak Detection
- Pressurizing and Purging
- Controlled Atmosphere
- Welding
- Others
Market Breakup by End Use
- Aerospace and Aircraft
- Electronics and Semiconductors
- Nuclear Power
- Healthcare
- Welding and Metal Fabrication
- Others
Market Breakup by Region
- British Columbia
- Alberta
- The Prairies
- Central Canada
- Atlantic Canada
Canada Helium Market Share
The gas phase is dominating the global market. This growth can be attributed to the rising use of the product in a number of application sectors, such as nuclear power, welding and cutting, gas chromatography, leak detection, and cooling and refrigeration.
Leading Companies in Canada Helium Market
The key players in the market are investing in strategies to boost their helium production.
- Royal Helium Ltd.
- Avanti Helium Corp.
- Helium Evolution Incorporated
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Phase |
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| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Helium Market Overview
8.1 Key Industry Highlights
8.2 North America Helium Historical Market (2018-2023)
8.3 North America Helium Market Forecast (2024-2032)
8.4 North America Helium Market Share by Country
8.4.1 United States
8.4.2 Canada
9 Canada Helium Market Overview
9.1 Key Industry Highlights
9.2 Canada Helium Historical Market (2018-2023)
9.3 Canada Helium Market Forecast (2024-2032)
10 Canada Helium Market by Phase
10.1 Liquid
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Gas
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Canada Helium Market by Application
11.1 Breathing Mixes
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Cryogenics
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Leak Detection
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Pressurizing and Purging
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Controlled Atmosphere
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Welding
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 Canada Helium Market by End Use
12.1 Aerospace and Aircraft
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Electronics and Semiconductors
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Nuclear Power
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Healthcare
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Welding and Metal Fabrication
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Canada Helium Market by Region
13.1 British Columbia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Alberta
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 The Prairies
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Central Canada
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Atlantic Canada
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Royal Helium Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Avanti Helium Corp.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Helium Evolution Incorporated
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Helium Market: Key Industry Highlights, 2018 and 2032
2. Canada Helium Market: Key Industry Highlights, 2018 and 2032
3. Canada Helium Historical Market: Breakup by Phase (USD Billion), 2018-2023
4. Canada Helium Market Forecast: Breakup by Phase (USD Billion), 2024-2032
5. Canada Helium Historical Market: Breakup by Application (USD Billion), 2018-2023
6. Canada Helium Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. Canada Helium Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Canada Helium Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Canada Helium Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Canada Helium Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Canada Helium Market Structure
Key Questions Answered in the Report
The helium market is expected to grow at a CAGR of 4.73% between 2024 and 2032.
Helium is found with other natural gases under the Earth's crust. For commercial uses, helium is extracted from natural gas when the helium concentration is more than 0.3%.
Helium is a non-renewable resource. Helium is generated through the natural radioactive decay of elements such as uranium and thorium deep inside the earth.
The major drivers of the market include rising applications of helium, governmental focus on increasing helium production, and the potential for Canadian helium to meet global demand.
Key trends aiding market expansion include increasing government focus to boost helium production and large reserves of helium in Canada.
Major countries in the market are British Columbia, Alberta, The Prairies, Central Canada, and Atlantic Canada.
The key phases of helium are liquid and gas.
Key players in the market are Royal Helium Ltd., Avanti Helium Corp., Helium Evolution Incorporated, and others.
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