Press release
Helium Market to See Strong Growth, Trends and Business Scope From Players Like Air Liquide, Messer Group, Praxair, Inc, ExxonMobil,Matheson Tri-Gas, ONEOK and Qatargas
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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.
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.
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.
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. Helium is required to purge the chemicals vapors; therefore, the increasing domestic chemical and allied products shipment is creating demand for helium 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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