Helium Gas Market Research Key Players (Air Liquide, Messer Group, Polish Oil and Gas Company, Iwatani Corporation, ExxonMobil , Matheson Tri-Gas, ONEOK & Qatargas) Industry Overview, Supply Chain and Analysis by 2023

The growing investments in research and development (R&D) for helium-based devices is a key trend impacting the global helium market. For instance, there is ongoing research to employ supercooled helium for improved global positioning system (GPS) in submarines and airplanes.

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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. The gas also occurs naturally in air, in extremely minute concentration by its release during radioactive decay of uranium. Helium is the second lightest and the second most abundant element in the observable universe, constituting nearly 24% of the total elemental mass.

The helium market is classified on the basis of phase into liquid and gas. Larger share is attributed to gas-based consumption in the market. Gaseous helium is majorly employed in welding. It provides an inert gas shield to protect the weld zone from the external atmosphere.

Based on region, the helium market is categorized into North America, Europe, APAC, Latin America, and MEA. Geographically, North America is the largest producer and consumer of helium. Moreover, countries such as Qatar, Algeria, Russia, Poland, and Australia also produce significant commercial quantities of helium.

The key factors driving the growth of the helium market are growing demand for the gas from medical applications such as MRI and NMR, and growth in the electronics and semiconductor industries across the APAC region.

Some of the other major players operating in the global helium market are Air Liquide, Messer Group, Polish Oil and Gas Company, Iwatani Corporation, Exxon Mobil Corporation, Matheson Tri-Gas, ONEOK Inc., and Qatargas Operating Company Limited.

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The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Russia, Japan, China, India, Indonesia, Brazil, Saudi Arabia, and South Africa.

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