RE: Boom time24 Oct 2022 09:30
Global demand is estimated to be around 6 billion cubic feet (Bcf) per annum with the compound annual global growth rate (CAGR) at some 3%. The current global market for bulk liquid helium is thought to be worth over USD2.7 billion, with the unit price (USD per thousand cubic feet) rising by over 135% in the past two years. The requirement for helium is currently increasing, mainly in the medical, technology and aerospace sectors – for MRI scanners, particularly in the developing world, as well as superconductors and for pressure purging (Space X and NASA)