The Rise of Helium..., page-80

This is an interesting recent article on helium. The future market is going to be much greater over the next 10 years.

Helium Gas Market Witnessing Remarkable Expansion as Its Unique Properties Fuel Diverse Applications - FMIBlog

Helium GasMarket Witnessing Remarkable Expansion as Its Unique Properties Fuel DiverseApplications

Helium gas is a lightweight, non-toxic, and non-flammable element knownfor its unique properties. As the second most abundant element in the universe,it is extracted primarily from natural gas reservoirs. Helium’s low densitymakes it valuable in various applications, including cooling superconductingmagnets, pressurizing liquid propellants in rockets, and as a lifting gas forballoons and airships. Its scarcity and essential role in critical industriesmake helium an invaluable resource.

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. The global helium gas market size is projected to reach a valuation of US$ 2.8 Billion in 2022. With demand growing at a 5.1% CAGR, the market size will reach US$ 4.6 Billion by 2032. Helium is extensively used in the healthcare sector for various applications in recent days. Helium gas has physical and chemical characteristics such as high thermal conductivity, low solubility, and low density, which makes it an ideal element for many applications in the healthcare sector.

Along with this, helium gas is biologically inert and its neuroprotectivecapabilities make it effective for adjunct therapy in many respiratory diseasessuch as asthma exacerbation, ARDS, COPD, bronchiolitis, and croup.

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.

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.

“Increasingapplications of helium gas in GPS systems, along with growing usage in nuclearplants and other electronic applications will fuel the growth in the marketover the forecast period,” says an FMI analyst.

Key Takeaways in Helium Gas Market:

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

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

Competitive Landscape in Helium Gas Market

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.

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.

Helium Gas Market by Category

By Supply Mode:

· Cylinders

· Bulk and Microtanks

· Drum tank

· On-site

By Application:

· Healthcare

· Manufacturing

· Electronics

· Leak Detection

· Fibre Optics

· Lifting Gas

· Heat Transfer

· Breathing Mixtures