HOME Top Market Reports Subsea Thermal Insulation Materials Market by Type (Polyurethane, Polypropylene, Silicone Rubber, Epoxy, Aerogel, and Others), by Application (Pipe-in-Pipe, Pipe Cover, Equipment, Field Joints, and Others) - Regional Trends & Forecast to 2019

Subsea Thermal Insulation Materials Market by Type (Polyurethane, Polypropylene, Silicone Rubber, Epoxy, Aerogel, and Others), by Application (Pipe-in-Pipe, Pipe Cover, Equipment, Field Joints, and Others) - Regional Trends & Forecast to 2019

By: marketsandmarkets.com
Publishing Date: March 2015
Report Code: CH 3231

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Subsea thermal insulation materials are used mainly in oil extractions from deep wells. Various types of Subsea thermal insulation materials include polyurethane, polypropylene, silicone rubber, epoxy, and others. These materials are used in subsea applications to achieve the optimum thermal insulation and enhance the effectiveness of the oil recovery.

Recent focus on optimizing oil production from deeper and therefore hotter reserves and in Europe & Russia is driving the demand for Subsea thermal insulation materials. The factors driving growth in the market are increasing focus on effectiveness in production of crude oil, and growing deep drilling activities. The market is expected to experience huge growth due to enormous potential offered by these drivers.

Subsea thermal insulation materials manufacturers mainly focus on new product developments to be able to develop new products which may show better mechanical properties in order to better serve the continuously growing demand for subsea thermal insulation materials. Expansion into growing markets such as Africa, Brazil, and Middle East has been and could be the key success for producers if they intend to increase their overall sales and revenue.

The report covers the global subsea thermal insulation materials market in major regions namely North America, Europe & Russia, the Middle East & Africa, Asia-Pacific, and Latin America for dry as well as wet applications. This report analyzes different marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, and winning imperatives. Major companies such as Dow Corning Corporation (U.S.), Trelleborg AB (Sweden), BASF SE (Germany), and Aspen Aerogels (U.S.) have also been profiled.

By Type:

  1. Polyurethane
  2. Polypropylene
  3. Silicone Rubber
  4. Epoxy
  5. Others

By Application:

  1. Dry
  2. Wet

By Geography:

  1. North America
    1. U.S.
    2. Canada
    3. Mexico
  2. Europe & Russia
    1.  Norway
    2.  U.K.
    3.  Denmark & Greenland
    4.  Italy
    5. Russia
    6. Others
  3. Asia-Pacific
    1. China
    2. Indonesia
    3. Malaysia
    4. Australia & New Zealand
    5. Philippines
    6. Others
  4. The Middle East & Africa
    1. Angola
    2. Tanzania
    3. Nigeria
    4. Ghana
    5. Middle East
    6. Others
  5. Latin America
    1. Brazil
    2. Trinidad & Tobago
    3. Others

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Year
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Market Size Estimation
    2.2 Market Share Estimation
           2.2.1 Data From Secondary Sources
           2.2.2 Data From Primary Sources
           2.2.3 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 32)
    4.1 Significant Market Opportunities For Subsea Thermal Insulation Materials
    4.2 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Segmentation
           5.2.1 By Application
           5.2.2 By Type
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increase in Number of O&G Subsea Projects
                    5.3.1.2 Increase in the Average Depth of the Oil & Gas Projects
           5.3.2 Restraint
                    5.3.2.1 Continuously Dropping Prices of Crude Oil
           5.3.3 Opportunity
                    5.3.3.1 Development of New Applications
           5.3.4 Challenge
                    5.3.4.1 Transportation & Logistics Costs

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Pricing Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Intensity of Rivalry
    6.4 Strategic Benchmarking
           6.4.1 Product Enhancement
           6.4.2 Entry Into Developing Regions For Subsea Thermal Insulation Materials

7 Subsea Thermal Insulation Market, By Type (Page No. - 49)
    7.1 Introduction
    7.2 Polyurethane
    7.3 Polypropylene
    7.4 Silicone Rubber
    7.5 Epoxy
    7.6 Aerogel
    7.7 Others

8 Subsea Thermal Insulation Market, By Application (Page No. - 61)
    8.1 Introduction
    8.2 Dry (Pipe-In-Pipe) Application
    8.3 Wet Application
           8.3.1 Single Pipeline
           8.3.2 Equipment
           8.3.3 Mechanical Joints
           8.3.4 Other Applications

9 Subsea Thermal Insulation Market, By Region (Page No. - 72)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe & Russia
           9.3.1 Norway
           9.3.2 U.K.
           9.3.3 Denmark & Greenland
           9.3.4 Italy
           9.3.5 Russia
           9.3.6 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Indonesia
           9.4.3 Malaysia
           9.4.4 Australia & New Zealand
           9.4.5 Philippines
           9.4.6 Others
    9.5 Middle East & Africa
           9.5.1 Angola
           9.5.2 Tanzania
           9.5.3 Nigeria
           9.5.4 Ghana
           9.5.5 Middle East
           9.5.6 Rest of Middle East & Africa
    9.6 Latin America
           9.6.1 Brazil
           9.6.2 Trinidad & Tobago
           9.6.3 Rest of Latin America

10 Competitive Landscape (Page No. - 135)
     10.1 Overview
     10.2 Market Share Analysis
     10.3 Competitive Situation & Trends
             10.3.1 Agreements & Partnerships
             10.3.2 Mergers & Acquisitions
             10.3.3 Expansions
             10.3.4 New Product Launches
             10.3.5 Others

11 Company Profiles (Page No. - 141)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Introduction
     11.2 Trelleborg AB
     11.3 Advanced Insulation Plc
     11.4 Shawcor Ltd
     11.5 DOW Chemical Company
     11.6 Afglobal Corporation
     11.7 DOW Corning
     11.8 BASF
     11.9 Aspen Aerogels
     11.10 Cabot Corporation
*Details Might Not be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 162)
     12.1 Industry Expert Insights
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (151 Tables)
 
Table 1 Increasing Number of Oil & Gas Subsea Projects Are Leading to the Growth of Subsea Thermal Insulation Materials Market
Table 2 Prices of Crude Oil Continue to Drop
Table 3 Newer Applications to Resurrect the Subsea Thermal Materials Market in the Near Future
Table 4 Transportation & Logistics Cost
Table 5 Subsea Thermal Insulation Materials Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 6 Subsea Thermal Insulation Materials Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 7 Polyurethane-Market Size, By Region, 2012–2019 ($Million)
Table 8 Polyurethane Market Size, By Region, 2012–2019 (Tons)
Table 9 Polypropylene-Market Size, By Region, 2012–2019 ($Million)
Table 10 Polypropylene-Market Size, By Region, 2012–2019 (Tons)
Table 11 Silicone-Rubber-Market Size, By Region, 2012–2019 ($Million)
Table 12 Silicone Rubber Market Size, By Region, 2012–2019 (Tons)
Table 13 Epoxy-Market Size, By Region, 2012–2019 ($Million)
Table 14 Epoxy-Market Size, By Region, 2012–2019 (Tons)
Table 15 Aerogel-Market Size, By Region, 2012–2019 ($Million)
Table 16 Aerogel-Market Size, By Region, 2012–2019 (Tons)
Table 17 Others Market, By Region, 2012–2019 ($Million)
Table 18 Other Subsea Thermal Insulation Materials Market Size, By Region, 2012–2019, (Tons)
Table 19 Market Size at End-Use Level, By Application, 2012–2019 ($Million)
Table 20 Market Size at Material Cost Level, By Application, 2012–2019 ($Million)
Table 21 Market Size in Dry (Pipe-In-Pipe) Application at End-Use Level, By Region, 2012–2019 ($Million)
Table 22 Market Size in Dry (Pipe-In-Pipe) Application at Material Cost Level, By Region, 2012–2019 ($Million)
Table 23 Subsea Thermal Insulation Materials Market Size in Wet Application at End-Use Level, By Region, 2012–2019 ($Million)
Table 24 Global Market Size For Wet Application at Material Cost Level, By Region, 2012–2019 ($Million)
Table 25 Market Size in Single Pipeline at End-Use Level, By Region, 2012–2019 ($Million)
Table 26 Market Size in Single Pipe at Material Cost Level, By Application, 2012–2019 ($Million)
Table 27 Market Size in Equipment at End-Use Level, By Region, 2012–2019 ($Million)
Table 28 Market in Equipment at Material Cost Level, By Region, 2012–2019 ($Million)
Table 29 Subsea Thermal Insulation Materials Market Size in Mechanical Joints at End-Use Level, By Region, 2012–2019 ($Million)
Table 30 Global Market Size in Mechanical Joints at Material Cost Level, By Region, 2012–2019 ($Million)
Table 31 Global Market Size in Other Applications at End-Use Level, By Region, 2012–2019 ($Million)
Table 32 Market Size in Other Applications at Material Cost Level, By Application, 2012–2019 ($Million)
Table 33 Market Size at Material Cost Level, By Region, 2012–2019 ($Million)
Table 34 Market Size at Material Cost Level, By Region, 2012–2019 (Tons)
Table 35 Market Size at End-Use Level, By Region, 2012–2019 ($Million)
Table 36 North America: Subsea Thermal Insulation Materials Market Size at Material Cost Level, By Type, 2012–2019($Million)
Table 37 North America: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 38 North America: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 39 North America: Market Size at End-Use Level, By Application, 2012–2019 ($Million)
Table 40 North America: Market Size at Material Cost Level, By Application, 2012–2019 ($Million)
Table 41 North America: Market Size at End-Use Level, By Country, 2012–2019 ($Million)
Table 42 North America: Market Size at Material Cost Level, By Country, 2012–2019 ($Million)
Table 43 North America: Market Size at Material Cost Level, By Country, 2012–2019 (Tons)
Table 44 U.S.: Subsea Thermal Insulation Materials Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 45 U.S.: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 46 U.S.: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 47 Canada: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 48 Canada: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 49 Canada: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 50 Mexico: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 51 Mexico: Market Size at Material Cost Level, By Type, 2012–2019 (Ton)
Table 52 Mexico: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 53 Europe & Russia: Subsea Thermal Insulation Materials Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 54 Europe & Russia: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 55 Europe & Russia: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 56 Europe & Russia: Market Size at End-Use Level, By Application, 2012–2019 ($Million)
Table 57 Europe & Russia: Market Size at Material Cost Level, By Application, 2012–2019 ($Million)
Table 58 Europe & Russia: Market Size at End-Use Level, By Country, 2012–2019 ($Million)
Table 59 Europe & Russia: Market Size at Material Cost Level, By Country, 2012–2019 ($Million)
Table 60 Europe & Russia: Market Size at Material Cost Level, By Country, 2012–2019 (Tons)
Table 61 Norway: Subsea Thermal Insulation Materials Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 62 Norway: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 63 Norway: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 64 U.K.: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 65 U.K.: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 66 U.K.: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 67 Denmark & Greenland: Subsea Thermal Insulation Materials Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 68 Denmark & Greenland: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 69 Denmark & Greenland: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 70 Italy: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 71 Italy: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 72 Italy: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 73 Russia: Subsea Thermal Insualtion Materials Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 74 Russia: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 75 Russia: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 76 Rest of Europe: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 77 Rest of Europe: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 78 Rest of Europe: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 79 Asia-Pacific: Subsea Thermal Insulation Materials Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 80 Asia-Pacific: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 81 Asia-Pacific: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 82 Asia-Pacific: Market Size at End-Use Level, By Application, 2012–2019 ($Million)
Table 83 Asia-Pacific: Market Size at End-Use Level, By Country, 2012–2019 ($Million)
Table 84 Asia-Pacific: Market Size at Material Cost Level, By Country, 2012–2019 ($Million)
Table 85 Asia-Pacific: Market Size at Material Cost Level, By Country, 2012–2019 (Tons)
Table 86 China: Subsea Thermal Insualtion Materials Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 87 China: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 88 China: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 89 Indonesia: Subsea Thermal Insualtion Materials Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 90 Indonesia: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 91 Indonesia: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 92 Malaysia: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 93 Malaysia: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 94 Malaysia: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 95 Australia & New Zealand: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 96 Australia & New Zealand: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 97 Australia & New Zealand: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 98 Philippines: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 99 Philippines: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 100 Philippines: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 101 Others: Subsea Thermal Insualtion Materials Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 102 Others: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 103 Others: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 104 Middle East & Africa: Subsea Thermal Insulation Materials Market Size at Material Cost Level, By Type, 2012–2019($Million)
Table 105 Middle East & Africa: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 106 Middle East & Africa: Market Size at End-Use Level, By Type, 2012–2019($Million)
Table 107 Middle East & Africa: Subsea Thermal Insulation Materials Market Size at Material Cost Level, By Application, 2012–2019 ($Million)
Table 108 Middle East & Africa: Market Size at End-Use Level, By Application, 2012–2019 ($Million)
Table 109 Middle East & Africa: Market Size at Material Cost Level, By Country, 2012–2019 ($Million)
Table 110 Middle East & Africa: Market Size at Material Cost Level, By Country, 2012–2019 (Tons)
Table 111 Middle East & Africa: Market Size at End-Use Level, By Country, 2012–2019 ($Million)
Table 112 Angola: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 113 Angola: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 114 Angola: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 115 Tanzania: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 116 Tanzania: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 117 Tanzania: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 118 Nigeria: Subsea Thermal Insulation Materials Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 119 Nigeria: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 120 Nigeria: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 121 Ghana: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 122 Ghana: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 123 Ghana: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 124 Middle East: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 125 Middle East: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 126 Middle East: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 127 Rest of Middle East & Africa: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 128 Rest of Middle East & Africa: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 129 Rest of Middle East & Africa: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 130 Latin America: Subsea Thermal Insulation Materials Market Size at Material Cost Level, By Type, 2012–2019($Million)
Table 131 Latin America: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 132 Latin America: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 133 Latin America: Market Size at End-Use Level, By Application, 2012–2019 ($Million)
Table 134 Latin America: Market Size at Material Cost Level, By Application, 2012–2019 ($Million)
Table 135 Latin America: Market Size at End-Use Level, By Country, 2012–2019 ($Million)
Table 136 Latin America: Market Size at Material Cost Level, By Country, 2012–2019 ($Million)
Table 137 Latin America: Market Size at Material Cost Level, By Country, 2012–2019 (Tons)
Table 138 Brazil: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 139 Brazil: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 140 Brazil: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 141 Trinidad & Tobago: Subsea Thermal Insulation Materials Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 142 Trinidad & Tobago: Market Size at Material Cost Level, By Type, 2012–2019 (Tons)
Table 143 Trinidad & Tobago: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 144 Rest of Latin America: Market Size at Material Cost Level, By Type, 2012–2019 ($Million)
Table 145 Rest of Latin America: Market Size at Material Cost Level, By Type, 2012–2019 (Ton)
Table 146 Rest of Latin America: Market Size at End-Use Level, By Type, 2012–2019 ($Million)
Table 147 Agreements & Partnerships, 2011–2015
Table 148 Mergers & Acquisitions, 2010–2014
Table 149 Expansions, 2011–2014
Table 150 New Product Launches, 2011–2014
Table 151 Others, 2011–2014


List of Figures (49 Figures)

Figure 1 Subsea Thermal Insulation Materials Market Segmentation
Figure 2 Subsea Thermal Insulation Materials Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 6 Subsea Thermal Insulation Materials: Market Reach of Applications
Figure 7 Subsea Thermal Insulation Materials For Polypropylene is the Fastest-Growing Market
Figure 8 Global Subsea Thermal Insulation Materials Market Size, By Fastest-Growing Region ($Million), 2013
Figure 9 Attractive Opportunities in Subsea Thermal Insulation Materials: Market
Figure 10 Pipe Insulation Was the Fastest-Growing Application For the Subsea Thermal Insulation Materials: Market in 2013
Figure 11 Indonesia, Ghana & Nigeria Are the Fast-Growing Countries For the Subsea Thermal Insulation Materials: Market, By 2019
Figure 12 Pipe Insulation is the Fastest-Growing Application Segment
Figure 13 The Middle East & Africa is Projected to Grow at the Fastest Pace For the Subsea Thermal Insulation Materials Market Between 2014 & 2019
Figure 14 North America & Europe Are in the Maturity Stage
Figure 15 Subsea Thermal Insulation Materials Marketm, By Application
Figure 16 Market Segmentation: By Type
Figure 17 Subsea Thermal Insulation Materials: Market Dynamics
Figure 18 Subsea Thermal Insulation Materials: Pricing Analysis
Figure 19 Subsea Thermal Insulation Materials: Porter’s Five Forces Analysis
Figure 20 Strategic Benchmarking: Companies Focusing on Product Enhancement
Figure 21 Strategic Benchmarking: Entry Into Attractive Markets For Subsea Thermal Insulation Materials
Figure 22 Subsea Thermal Insulation Material Market, By Type
Figure 23 Polyurethane-Based Subsea Thermal Insulation Material Market Has the Highest Market Sze (2014–2019)
Figure 24 Polyurethane-Market to Register High Growth in Europe & Russia (2014-2019)
Figure 25 Europe & Russia Followed By Middle East & Africa to Lead Polypropylene- Market (2014–2019)
Figure 26 Pipe Cover is the Largest Application in Subsea Thermal Insulation Material Market (2014 & 2019)
Figure 27 Europe & Russia Accounted For 30% of the Dry Application in 2014 (2014—2019)
Figure 28 Middle East & Africa is the Fastest-Growing Market For Single Pipelines Application (2014—2019)
Figure 29 Europe is Estimated to be the Largest Market in Equipment & Mechanical Joints Till 2019
Figure 30 Demand Will be Driven By Emerging End-User Industries
Figure 31 Increasing Use of Subsea Thermal Insulation Materials Driving the Asia-Pacific Market
Figure 32 Key Companies Preferred New Product Development Strategy From 2011 to 2014
Figure 33 Subsea Thermal Insulation Materials Market Developments, By Key Player, 2010–2014
Figure 34 New Product Developments Fuelled Growth and Innovation Between 2012 & 2014
Figure 35 Battle For Market Share: New Product Developments Was the Key Strategy Between 2010 and 2014
Figure 36 Regional Revenue Mix of Leading Market Players
Figure 37 Trelleborg AB: Company Snapshot
Figure 38 Trelleborg AB: SWOT Analysis
Figure 39 Advanced Insulation Plc: Company Snapshot
Figure 40 Shawcor Ltd: Company Snapshot
Figure 41 Shawcor Ltd: SWOT Analysis
Figure 42 DOW Chemical Company: Company Snapshot
Figure 43 DOW Chemical Company: SWOT Analysis
Figure 44 Afglobal Corporation: Company Snapshot
Figure 45 DOW Corning: Company Snapshot
Figure 46 DOW Corning Company: SWOT Analysis
Figure 47 BASF: Company Snapshot
Figure 48 Aspens Aerogels: Company Snapshot
Figure 49 Cabot Corporation: Company Snapshot

The subsea thermal insulation material market in terms of value, is projected to reach around $142.30 million by 2019, witnessing a CAGR of 4.80% between 2014 and 2019.

Subsea thermal insulation materials are used mainly in the subsea oilfield operations to improve well performance and eventually the recovery from reserves. They are used mainly for two types of applications: Dry (Pipe-in-pipe), and Wet (Single Pipeline, Equipment, Field Joints, and so on). Increasing oil production, extraction of oils from technologically challenging hydrocarbon subsea geologies, and necessity of more efficient extraction are boosting interest in the market.

This market is driven by increasing production of crude oil, and growing subsea deep drilling activities. As the onshore oil reserves are fast depleting, the demand for the offshore subsea activities is increasing which in turn is driving the growth for subsea thermal insulation materials. The Middle East & Africa region is estimated to be the fastest growing region as the majority of reserves in Africa are offshore and the growing demand for oil points towards increased subsea operations.

Europe & Russia region was estimated to dominate the market in 2013, globally. Norway, U.K., Denmark & Greenland, Italy, and Russia are the major countries with a huge demand for subsea thermal insulation materials. Asia-Pacific is expected to show the second highest growth rate of 4.97% between 2014 and 2019 for the market.

Subsea Thermal Insulation Materials Market Share, by Region, 2013

Subsea Thermal Insulation Material Market

Source: MarketsandMarkets Analysis

The key market players focus on new product development as their growth strategy in order to be able to develop newer products with better mechanical properties so as to cater to the continuously growing application areas for subsea thermal insulation materials and hence serve more consumers.

The subsea thermal insulation materials market is expected to witness a high growth from single pipeline cover as well as field joint applications. One of the chief problems in the market is the high service costs involved in the execution of a project.

The report analyzes the market based on the key applications, types, and regions. It also covers the market behavior of leading producers, key developments, and strategies implemented to sustain and succeed in the market.

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