The global helium gas market size accounted for USD 30,800 million in 2024 and is expected to exceed around USD 47,380 million by 2034, growing at a CAGR of 4.4% from 2024 to 2034.
The nonrenewable noble gas helium is well known for its remarkable thermal conductivity, low density, and nonreactive nature. Because of these characteristics, it is a highly desired component in crucial applications such as electronics, aerospace, healthcare, and cryogenics. In the medical field, helium is essential, especially for magnetic resonance imaging (MRI) equipment. In cryogenic cooling systems, the gas is used to sustain the extremely low temperatures needed for superconducting magnets.
Helium has a lot of room to grow in emerging countries, particularly in Asia-Pacific, the Middle East, and Latin America. The need for helium is being driven by nations like China and India, which are expanding their medical facilities and electronics manufacturing capacities.
To keep up with the growing demand, distributors and suppliers are putting more effort into expanding their capacity in these areas. Helium is also used in the Middle Eastern energy industry. These areas drive industrial and technological developments and are becoming important in the global helium market. New applications and technological advancements are the primary drivers of the expanding prospects in the helium industry. It is expected that advancements in extraction and recycling methods would boost output while reducing their adverse environmental impacts.
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Published by Saurabh Bidwai
