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 and it is anticipated to retain its dominance during the forecast period, due to the high demand of liquid helium in magnetic resonance imaging (MRI) equipment.
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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.
Helium is used to protect weld zone from the atmosphere, creating an inert shield around it. Gas tungsten arc welding and gas metal arc welding are the major welding processes utilizing helium gas.
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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