Global Helium Market Overview:
The proportion of helium in natural gas varies from one region to another and, as a result, very few countries produce helium for commercial purposes. Judging by the fact that helium, although it is widespread in space, is limited to a few regions of the planet. It is, therefore, imperative that market players understand the scope, prospects and limits of the helium market, both globally and regionally.
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Global Helium Market Drivers and Restraints:
Helium is used industrially for a multitude of applications. It is used to minimize the distortion effect of temperature variations in space, to cool the metals necessary for superconductivity, as a support in gas chromatography and in cryogenic applications. It is also used in various applications, such as nuclear reactors, lasers, magnetic levitation trains, plasma cleaning, leak detection, welding and heat transfer. The increasing use of helium in MRI devices is a key factor that can increase the demand for helium. Numerous research and development activities have been carried out on the use of helium for unconventional industrial purposes, such as analytical and aerospace applications. This should be a key driver of helium market growth in the coming years. In any case, there are still some factors that hinder the helium market. Excessive helium inhalation can be fatal and, as a result, government agencies strictly regulate the use of helium. In addition, the price of helium is quite volatile, which further restricts the global market.
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Global Helium Market Geographical Segmentation:
Based on geography, market is segmented into regions such as Europe, North America, Asia Pacific, Latin America, and Middle East and Africa regions. North America had the largest share of the helium market, and Asia Pacific was identified as the fastest growing regional segment during the forecast period. The main driver of the Asia Pacific helium market is the rapid pace of urbanization and industrialization in emerging economies such as India and China.
List of Key players in Global Helium Market:
Matheson Tri-Gas, Inc., Qatargas Operating Company (Qatargas), Air Liquide, Praxair, Inc., Linde AG, Air Products & Chemicals, Inc., Ras Laffan Liquefied Natural Gas Company (RasGas), ONEOK, ExxonMobil Corp., IACX Energy, Sonatrach Spa, Polish Oil and Gas Company (PGNiG), OAO Gazprom, and DCP Midstream are the major players of the market among many others.
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