The report "Subsea Thermal Insulation Materials Market By Type (Polyurethane, Polypropylene, Silicone Rubber, Epoxy, Aerogel), Application (Pipe-in-Pipe, Pipe Cover, Equipment, Field Joints), and Region - Global Forecast 2018 to 2023" The subsea thermal insulation materials market is estimated to be close to USD 77 million in 2018 and is projected to reach more than USD 93 million by 2023, at a CAGR of 4.0% between 2018 and 2023. The rising number of subsea projects is expected to drive the subsea thermal insulation materials market.
Browse 147 market data Tables and 37 Figures spread through 146 Pages and in-depth TOC on "Subsea Thermal Insulation Materials Market By Type (Polyurethane, Polypropylene, Silicone Rubber, Epoxy, Aerogel), Application (Pipe-in-Pipe, Pipe Cover, Equipment, Field Joints), and Region - Global Forecast 2018 to 2023"
View detailed Table of Content here-https://www.marketsandmarkets.com/Market-Reports/subsea-thermal-insulation-material-market 260002549.html
“The epoxy type segment is expected to register the highest CAGR in the global subsea thermal insulation materials market during the forecast period.”
The epoxy segment is projected to grow at the fastest rate during the forecast period. The usage of epoxy syntactic foam systems especially, for subsea wet insulation, is emerging rapidly. This material can tolerate a wide range of temperatures and is well suited for hot and wet service conditions.
“The pipe cover application is expected to register the highest CAGR in the global subsea thermal insulation materials market during the forecast period.”
The pipe cover application segment is projected to witness the fastest growth during the forecast period. Pipe covers are straight pipelines covered with thermal insulation materials. Types of pipelines that can be insulated include carbon steel, super martensitic stainless steel, carbon steel with stainless steel liner, clad steel, and duplex stainless steel. A major driver of this segment is the rise in deepwater and ultra-deepwater projects across the globe.
“Europe & Russia is estimated to account for the largest market size in the subsea thermal insulation materials market during the forecast period.”
Europe & Russia is the largest market for subsea thermal insulation materials, globally. The UK, the Netherlands, Norway, Denmark & Greenland, Italy, and Russia are considered in this region. There has been a significant backlog of offshore projects owing to fall in crude oil prices since 2014. The recommencement of these projects and starting of newer projects from 2017 are expected to lead to the growth of the European oil companies’ purchase for subsea operations, which in turn, is expected to drive the market for subsea thermal insulation materials in this region.
The leading players in the subsea thermal insulation materials market are Advanced Insulation (UK), AFGlobal (US), Aspen Aerogels (US), BASF (Germany), Cabot Corporation (US), DowDuPont (US), Shawcor Ltd. (Canada), TechnipFMC (UK), and Trelleborg Offshore & Construction (Sweden).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441