South Korea Helium Market

South Korea Helium Market Insights Forecasts to 2035

• The South Korea Helium Market Size Was Estimated at USD 945 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 3.45 % from 2025 to 2035
• The South Korea Helium Market Size is Expected to Reach USD 1372 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Helium Market is anticipated to reach USD 1372 million by 2035, growing at a CAGR of 3.45 % from 2025 to 2035. The helium market in South Korea is driven by various factors, including rising demand from healthcare for MRI machines, increasing use in aerospace and research applications, and technological advancements in extraction and storage.

Market Overview

Helium is a colorless, odorless, tasteless, non-toxic, inert, and non-flammable gas that belongs to the noble gas group on the periodic table. The South Korean helium market encompasses the production, distribution, and sale of this non-renewable noble gas, which is essential for high-tech industries. It is available in two states: liquid and gas. Helium has unique properties, including being non-reactive, having a low boiling point, being lightweight, offering high thermal conductivity, and being non-flammable; thus, it is widely used across various industries such as aerospace & defence, medical & healthcare, electronics & electrical, nuclear power, metal fabrication, and other applications. The South Korea helium market is experiencing a notable increase in demand from the healthcare sector, primarily due to helium's crucial role in operating MRI (Magnetic Resonance Imaging) devices. According to the Ministry of Health, Labour, and Welfare, the number of MRI machines in hospitals is projected to grow by about 5% annually until 2030, directly boosting helium usage as a vital cooling agent for superconducting magnets.

Report Coverage

This research report categorizes the market for the South Korea helium market based on various segments and regions, and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea helium market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea helium market.

Driving Factors

The growing need for helium in the electronics sector, particularly due to its important role in cooling and semiconductor production, is one of the major contributors to this market. The South Korean helium market is further being driven by the expansion of semiconductor manufacturing as well as the vital role that helium plays in industrial processes. The increased utilization of helium in advanced scientific research, especially in physics and materials engineering, which led to market expansion. Additionally, technological advancements in extraction and storage play a crucial role in market growth.

Restraining Factors

The high cost associated with extracting, processing, and transporting helium is one of the notable challenges for this market. Additionally, the competition from alternative materials such as cooling systems and certain industrial processes, which reduce the dependence on helium which further hinders the market growth.

Market Segmentation

The South Korea Helium Market share is classified into phase and application.   

• The gas segment held the dominant share of the market in 2024 and is expected to grow at a rapid CAGR during the forecast period.    

The South Korea helium market is segmented by phase into liquid and gas. Among these, the gas segment held the dominant share of the market in 2024 and is anticipated to grow at a rapid CAGR during the forecast period. This is due to rising adoption in various applications, including leak detection, gas chromatography, and nuclear power. Additionally, it is essential for low-temperature research, cryogenic studies, and a variety of analytical devices as a carrier gas.

• The cryogenics segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period.  

The South Korea helium market is segmented by application into cryogenics, leak detection, welding, and others. Among these, the cryogenics segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is because helium is one of the few materials capable of reaching and sustaining very low temperatures.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea helium market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• LG Chem
• SK Hynix
• Korea Gas Corporation (KOGAS)
• MS Gas Corporation
• Korea Zinc
• SK Telecom Co.  
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea helium market based on the below-mentioned segments

• Liquid
• Gas

South Korea Helium Market, By Application

• Cryogenics
• Leak Detection
• Welding
• Others

Frequently Asked Questions (FAQs)

1. What is the CAGR of the South Korea Helium Market over the forecast period?

The South Korea Helium Market is projected to expand at a CAGR of 3.45% during the forecast period.

2. What is the market size of the South Korea Helium Market?

The South Korea Helium Market size is expected to grow from USD 945 million in 2024 to USD 1372 million by 2035, at a CAGR of 3.45% during the forecast period 2025-2035.

3. Who are the top companies operating in the South Korea Helium Market?

Key players in the South Korea Helium Market include LG Chem, SK Hynix, Korea Gas Corporation (KOGAS), MS Gas Corporation, Korea Zinc, and SK Telecom Co.

4. What are the main drivers of growth in the South Korea Helium Market?

The growing need in the electronics sector, semiconductor industry, and technological advancements in extraction are the main drivers of growth in the South Korea helium market.

5. What challenges are limiting the Helium Market?

The high cost associated with extracting, processing, and transporting helium and competition with alternative materials remain key restraints in the South Korea helium market.