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Key Takeaways from the Market Study. The helium gas market in the United States of America will advance at a CAGR of 2.4% through 2034. India will lead the industry by registering the advancement at a CAGR of 6.5% from 2024 to 2034. The United Kingdom will likely traverse a sluggish progress path in the sector at a CAGR of 1.7% through 2034.
Map showing helium-rich gas fields and helium processing plants in the United States, 2012. From USGS. Helium production in the United States totaled 73 million cubic meters in 2014. The US was the world's largest helium producer, providing 40 percent of world supply. In addition, the US federal government sold 30 million cubic meters from storage.
[8] [4] More recent legislation aimed at fully privatising the helium market requires that the Bureau of Land Management sell off the vast majority of the reserve during the next several years and cease its operations by 2021. [4] After problems with the helium supply in 2012–2013, the United States Congress acted to extend the life of the ...
The helium market after World War II was depressed but the reserve was expanded in the 1950s to ensure a supply of liquid helium as a coolant to create oxygen/hydrogen rocket fuel (among other uses) during the Space Race and Cold War. Helium use in the United States in 1965 was more than eight times the peak wartime consumption. [74]
The U.S. is currently experiencing the fourth in a series of helium shortages since 2006, according to helium consultant Phil Kornbluth. “The world has experienced eight years of helium shortage ...
That’s where helium comes in: With a boiling point of minus 452 degrees Fahrenheit, liquid helium is the coldest element on Earth. Pumped inside an MRI magnet, helium lets the current travel ...
The global helium market is influenced by many factors, but the protracted trade war between the US and China has brought new concerns. For example, a possible scenario where Beijing cuts off the ...
The Crude Helium Enrichment Unit in the Cliffside Gas Field. Remnants of the Amarillo Helium Plant in 2015. The National Helium Reserve, also known as the Federal Helium Reserve, is a strategic reserve of the United States, which once held over 1 billion cubic meters (about 170,000,000 kg) [a] of helium gas.