Helium Gas Market to Witness Astonishing Growth by 2031

The global helium gas market size was valued at $2.45 billion in 2022, and is projected to reach $3.42 billion by 2030, registering a CAGR of 4.9% during the forecast period (2024-2031). Major factors driving the market are the increasing consumption of helium in the electronics and semiconductor industry as well as the growing usage in the healthcare industry. The main global industrial consumers of liquid helium are the medical, aerospace, and electronics industries. The flat-panel displays, semiconductors, and optical fibers used by electronics manufacturing companies are vital consumers of helium. The element is used as a coolant in the manufacturing operations of silicon wafers and devices and also in the construction of panels. The medical industry is the largest consumer and mainly uses helium to maintain the superconducting properties of magnets in applications such as magnetic resonance imagery (MRI) and nuclear magnetic resonance spectrometry (NMR) equipment.  The demand for liquid helium is greater in medicine because of the use of NMR and MRI machines. 

For instance, in April 2022, Linde signed a long-term agreement to supply helium to the United States from Freeport LNG's production site in Texas. For this, Linde will construct a new helium processing plant to purify and liquefy recovered helium. For instance, in January 2022, Air Liquide announced a long-term agreement to supply ultra-high purity hydrogen, helium, and carbon dioxide to one of the world’s largest semiconductor manufacturers. Air Liquide plans to invest nearly 60 million U.S. dollars to build, own and operate onsite plants and systems at a new manufacturing site in Phoenix, Arizona, in support of this new agreement. Space is another key growth area, as well as quantum computing. 

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Supply Mode
• By Application

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World
  • Competitive Landscape- Air Liquide, Linde Plc, Matheson Tri-Gas Inc., Air Products and Chemicals Inc., Iwatani Corporation, and others.

Helium Gas Market Report Segment

By Supply Mode

• Cylinders
• Bulk and Micro Tanks
• Drum Tank
• On-Site

By Application

• Healthcare
• Manufacturing
• Electronics
• Leak Detection
• Fiber Optics
• Lifting Gas
• Heat Transfer
• Breathing Mixtures
• Other Applications

A full Report of Helium Gas Marketis Available @  https://www.omrglobal.com/industry-reports/helium-gas-market

Helium Gas Market Report Segment by Region

North America                                                                                                           

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa 

Company Profiles 

• Air Liquide S.A.
• Air Products and Chemicals Inc.
• Exxon Mobil Corp.
• Gazprom
• Gulf Cryo
• Iwatani Corp.
• Linde PLC
• Matheson Tri-Gas Inc.
• Messer Group GmbH
• NexAir LLC
• PGNIG S.A.
• Qatargas Operating Company Ltd.
• Renergen Ltd.
• Weil Group Resources, LLC

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Article source: https://article-realm.com/article/Business/63134-Helium-Gas-Market-to-Witness-Astonishing-Growth-by-2031.html