Helium Gas Market report covers recent developments, trade laws, international trading analysis, business model, supply chain standardization, profit margins, and the effect of national and centralized market participants. The report includes information on revenue, gross profit, shipment, pricing, and other requirements. Players in the global market are focused on mergers and acquisitions and future product releases to gain a competitive advantage.
/EIN News/ — NEWARK, Del, May 09, 2022 (GLOBE NEWSWIRE) — The global helium gas market is projected to reach a valuation of US$ 2.8 Bn in 2022. With demand growing at a 5.1% CAGR, the market size will reach US$ 4.6 Bn 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 neuroprotective capabilities make it effective for adjunct therapy in many respiratory diseases such as asthma exacerbation, ARDS, COPD, bronchiolitis, and croup.
It is used to cool the coil of wire and to drop the resistance of wire close to zero in Magnetic Resonant Imaging (MRI) machines. There are many coils of wire which conduct electricity and generate a strong magnetic field in MRI machines.
Helium Ion Microscopy is a recently discovered application in pulmonary MRI radiology and imaging of organs, which is expected to create opportunities for growth for helium gas manufacturers.
In addition to this, the consumption of helium gas in the metal fabrication and electronics industry is rising. In the metal fabrication industry, helium gas is used to increase the heat input in the process, which increases 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 various industries such as automotive, aerospace, defense, and manufacturing is anticipated to bolster the growth in the helium gas market.
Moreover, helium gas consumption is also increasing in electronic industry. It has several properties that it makes effective to be used in semiconductor manufacturing. A semiconductor is an important component in an electronic devices. It is extensively used in radio, television, cars, air conditioners, computers, mobile phones other electronic products which is expected to propel demand for helium gas in the forthcoming years.
“Increasing applications of helium gas in GPS systems, along with growing usage in nuclear plants and other electronic applications will fuel the growth in the market over the forecast period,” says an FMI analyst.
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- Based on applications, demand for helium gas in the electronics segment is slated to reach as valuation of US$ 404 Mn by 2032.
- In terms of supply mode, sales in the cylinders segment are expected to remain high through 2032.
- The U.S. will continue dominating the North America helium gas market, with total sales reaching a valuation of US$ 816 Mn by 2032.
- China will emerge as a lucrative pocket, with total demand for helium gas reaching US$ 1.1 Bn by 2032.
Air Liquide, Linde PLC, Matheson Tri gas Inc, Air Products and Chemical Inc.Air Gas INC., The Messer Group GMBH, Cryoin Engineering Ltd., Chengdu Taiyu Industrial Gases Co. Ltd., and various others are the some of the key manufacturers of helium gas profiled by FMI.
More Insights into the Helium Gas Market Report
In its latest report, FMI offers an unbiased analysis of the global Helium Gas market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, its growth, and scope, the market is segmented based on Supply Mode, Application, and Region.
Helium Gas Market by Category
By Supply Mode:
- Bulk and Micro tanks
- Drum tank
- On site
- Leak Detection
- Fibre Optics
- Lifting Gas
- Heat Transfer
- Breathing Mixtures
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Helium Gas Market Demand Analysis 2017–2021 and Forecast, 2022–2032
5.1. Historical Market Volume (Tons) Analysis, 2017–2021
5.2. Current and Future Market Volume (Tons) Projections, 2022-2032
5.3. Y-o-Y Growth Trend Analysis
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Helium Gas Market will Register an Exponential 5.1% CAGR through 2022 first appeared on Reality Syndicate Viewers.
This news story originally appeared at Books - Reality Syndicate Viewers on 10 May 2022