Helium Market - Global Industry Analysis, Market Size, Share, Trends by 2023

Helium

The global helium market is witnessing growth, due to the increased research and development activities and high demand for helium in healthcare and welding industry. Among the various applications, the cryogenics segment held the largest share in the global helium market in 2015.

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The usage of helium as cryogenic coolant in defense research is creating ample growth opportunities for the global helium market. Moreover, liquid helium is also being utilized for studying the atomic structure and behavior of subatomic particles in quantum mechanics.

Helium is a colorless, odorless, non-corrosive, non-toxic and non-combustible gas mainly produced or sourced from natural gas wells. Helium is one of the most vital industrial gases having several applications. Helium has the lowest boiling point of all the gases (-269oC), therefore, liquid helium is the coldest matter.

Geographically, North America held the largest share in the global helium market, owing to the high demand for cryogenic application, and increasing domestic chemical and allied product shipments in the U.S.

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The key players operating in the global helium market include Airgas Inc., Air Liquide, Linde AG, Messer Group, Praxair Inc., Polish Oil and Gas Company, Iwatani Corporation, Exxon Mobil Corporation, Matheson Tri-Gas, ONEOK Inc., RasGas Company Limited, and Qatargas Operating Company Limited.

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