Global helium demand is expected to nearly double by 2035, driven largely by the semiconductor industry, which is projected to increase its helium use fivefold in the next decade.
Global demand for helium is likely to nearly double by 2035, largely driven by robust growth by the semiconductor sector market research, firm IDTechEx has reported. The company estimates that global demand could exceed 322 million cubic meters by 2035, possibly outpacing supply growth. According to the report, global helium production averaged about 160 million cubic feet between 2019 to 2023. As the second lightest element after hydrogen, having the lowest melting point of any element at -261.
France’s Linde and Air Liquide OTCPKAIQUF and privately-held Zephyr Solutions based in Avon, Ohio, are some of the biggest helium-producing companies in the world. Dwindling Supplies Only a small percentage of the helium generated through natural means is readily accessible, and even a smaller proportion is economically feasible to collect. The helium that we find on our planet is a product of radioactive decay from minerals made of uranium and thorium.
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