The helium market has been changing the past two years, mostly triggered by the unintended impact of sanctions on the flow of Russian helium in the global market and by the growth of Russian supply.
The assessment was made by Phil Kornbluth of the US-based helium consultancy Kornbluth Consulting, presenting at the Specialty Gas Summit 2025 in Utrecht.
“Things have really been moving,” said Kornbluth.
“Historically only the helium majors had direct access to supply, but that has shifted. With the sanctions on Russian helium, the tier-two gas companies have been able to move on that opportunity and access that supply, and we have a more fragmented market today, with more competition. Even if the largest and most complex end-users still rely on the majors because of the purity of their supply, the market is much broader than that.”
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