Marine Insulation Market

The report "Marine Insulation Market by Type (Mineral Wool, Fiberglass, Polyurethane foam, Ceramic Fiber Blanket), Application (Shell, Bulkhead, Deck, Others) and Region- Global Forecast to 2030", is projected to reach USD 447.9 million by 2030, at a CAGR of 4.2% from USD 322.3 million in 2022.

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Marine insulation refers to the items or systems that are used to preserve and sustain the process conditions of deep-sea drilling and exploration equipment, joints, and pipes. Thermal insulation beneath the sea protects flow lines and equipment from corrosion, keeps the flow temperature constant, and keeps foreign particles out. The dynamics of offshore drilling activities across the world have a big impact on market demand for marine insulation. Furthermore, as ultra-deep water drilling activities increase, the demand for insulation products that can endure the extreme conditions found at deeper horizons is projected to drive the market for marine insulation.

“Mineral wool was the largest type of marine insulation market in 2021, in terms of value”

Mineral wool can be considered as an inorganic insulating material. It contains an average of about 75% post-industrial recycled materials and does not require additional chemicals to be fire-resistant. Mineral wool is naturally moisture-resistant and retains its insulating qualities even when wet. Mineral wool is also effective in blocking sound more efficiently, so the interior of a building suffers less acoustic invasion.

“Deck was the largest application for marine insulation market in 2021, in terms of value”

The insulation of a roof is just as important as the outer material. Insulation material is important to the longevity of your deck system and has been used since ages. Over the years, insulation has changed and adapted, but its purpose is the same; keeping heat inside when you need it and outside when you don’t.

“Asia Pacific was the largest market for Marine insulation in 2021, in terms of value.”

Asia Pacific accounted for the largest market share in the global subsea thermal insulation market in 2021 as a result of increasing offshore exploration activities in developing economies such as India, China, and Southeast Asian countries such as Vietnam, Malaysia, and Indonesia..

The key players in this market are Rockwool A/S (Denmark), Lindner AG (Germany), Knauf Gips KG (Germany), Johns Manville (US), Kingwell World Industries, Inc. (US), Syneffex (US), Owens Corning (US), Unifrax (US), Acoustafoam Limited (UK), Promat (Belgium) and others.

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