Hope BNL can get its act into gear as soon as possible.Helium...

Hope BNL can get its act into gear as soon as possible.

Helium market is booming - and will continue to do so with AI progressing at a rate of knots. BNL neds to start taking advantage ASAP.

Helium Gas Market Set to Expand: Expected to Reach US$ 4.6 Billion by 2032 - FMIBlog

Helium GasMarket Set to Expand: Expected to Reach US$ 4.6 Billion by 2032

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The global helium gas market is projected toreach a valuation of US$ 2.8 Billion in 2022. With demand growing at a5.1% CAGR, the market size will reach US$ 4.6 Billion by 2032.

Helium is extensively used in the healthcare sector for variousapplications in recent days. Helium gas has physical and chemicalcharacteristics such as high thermal conductivity, low solubility, and lowdensity, which makes it an ideal element for many applications in thehealthcare sector.

Along with this, helium gas is biologically inert and itsneuroprotective capabilities make it effective for adjunct therapy in manyrespiratory diseases such as asthma exacerbation, ARDS, COPD, bronchiolitis,and croup.

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It is used to cool the coil of wire and to drop the resistance of wireclose to zero in Magnetic Resonant Imaging (MRI) machines. There are many coilsof wire which conduct electricity and generate a strong magnetic field in MRImachines.

Helium Ion Microscopy is a recently discovered application in pulmonaryMRI radiology and imaging of organs, which is expected to create opportunitiesfor growth for helium gas manufacturers.

In addition to this, the consumption of helium gas in the metalfabrication and electronics industry is rising. In the metal fabricationindustry, helium gas is used to increase the heat input in the process, whichincreases the productivity and the protection of the welding bath.

It is suitable for all types of welding such as TIG, MIG, MAG, plasma,and Laser. Increasing demand for metal fabrication products across variousindustries such as automotive, aerospace, defense, and manufacturing isanticipated to bolster the growth in the helium gas market.

Moreover, helium gas consumption is also increasing in electronicindustry. It has several properties that it makes effective to be used insemiconductor manufacturing. A semiconductor is an important component in anelectronic devices. It is extensively used in radio, television, cars, airconditioners, computers, mobile phones other electronic products which isexpected to propel demand for helium gas in the forthcoming years.

“Increasing applications of helium gas in GPS systems, along withgrowing usage in nuclear plants and other electronic applications will fuel thegrowth in the market over the forecast period,” – says an FMIanalyst.

Key Takeaways:

· Based onapplications, demand for helium gas in the electronics segment is slated toreach as valuation of US$ 404 Million by 2032.

· In terms of supplymode, sales in the cylinders segment are expected to remain high through 2032.

· The U.S. willcontinue dominating the North America helium gas market, with total salesreaching a valuation of US$ 816 Million by 2032.

· China will emergeas a lucrative pocket, with total demand for helium gas reaching US$ 1.1 Bn by2032.

Competitive Landscape

Air Liquide, Linde PLC, Matheson Tri gas Inc, Air Products and ChemicalInc.Air Gas INC., The Messer Group GMBH, Cryoin Engineering Ltd., Chengdu TaiyuIndustrial Gases Co. Ltd., and various others are the some of the keymanufacturers of helium gas profiled by FMI.

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More Insights into the Helium Gas Market Report

In its latest report, FMI offers an unbiased analysis of theglobal Helium Gas market, providing historical data from 2017 to 2021and forecast statistics for the period 2022-to 2032. To understand the globalmarket potential, its growth, and scope, the market is segmented basedon Supply Mode, Application, and Region.