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  The global   helium market  is experiencing significant growth, driven by its diverse applications in industries such as healthcare, electronics, aerospace, and energy. This noble gas, known for its low boiling point and unique properties, plays a crucial role in various technological advancements. In this article, we will explore the current state of the  helium market, the factors driving its demand, and the potential it holds for future growth. Helium Market Size was valued at USD 22.91 billion in 2023. The helium industry is projected to grow from USD 23.90 billion in 2024 to USD 33.56 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.33% during the forecast period (2024- 2032). The expansion of cryogenics and liquid helium use in MRI scanners and the rapid expansion of the medical industry are the key market drivers enhancing the market growth. Industrial Applications : Helium's exceptional properties, such as low density, non-rea...

  The global   helium market  is experiencing significant growth, driven by its diverse applications in industries such as healthcare, electronics, aerospace, and energy. This noble gas, known for its low boiling point and unique properties, plays a crucial role in various technological advancements. In this article, we will explore the current state of the    helium market, the factors driving its demand, and the potential it holds for future growth. Helium Market Size was valued at USD 22.91 billion in 2023. The helium industry is projected to grow from USD 23.90 billion in 2024 to USD 33.56 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.33% during the forecast period (2024- 2032). The expansion of cryogenics and liquid helium use in MRI scanners and the rapid expansion of the medical industry are the key market drivers enhancing the market growth. Industrial Applications : Helium's exceptional properties, such as low density, non-r...

  Market Synopsis The Global Helium Market was valued at around USD 4.08 billion in 2030 and is expected to register a healthy CAGR during the review period. Helium is produced in the natural environment due to radioactive decaying, which remains trapped in reserves as natural gas. With the depleting natural gas reserves containing helium, the need for producing pure play helium has increased, which is likely to drive the market growth in the coming years. The market players are emphasizing on recovering helium from liquefied natural gas (LNG) facilities. For instance, in 2030, Air Products and Chemicals, Inc and Sonatrach signed two gas production and delivery agreements to recover helium from Sonatrach’s LNG facilities. The recovered helium will be delivered to HELIOS, a joint venture between Air Products and Chemicals, Inc and Sonatrach. The global demand for helium is increasing due to its extensive use in cryogenics, particularly, magnetic resonance imaging (MRI) scanners. The...