Helium Market Demand | Size, Development Data, Growth Analysis & Forecast 2022 to 2027
Market Synopsis The Global Helium Market demand was valued at around USD 4.08 billion in 2018 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 2018, 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) scanne