Report Description

Global Subsea Thermal Insulation Materials Market By Type (Polyurethane, Silicone Rubber, Polypropylene, Aerogel and Epoxy), By Application (Equipment, Pipe Cover, Field Joints and Others), Competition, Forecast & Opportunities, 2024

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Chemicals

Global subsea thermal insulation materials market is projected to stand at approximately $ 78 million in 2019 and is forecast to cross $ 93 million by 2024, exhibiting a CAGR of 4.2% during 2019-2024. Some of the major driving factors for global subsea thermal insulation materials market include the recovery of oil & gas industry and increasing number of subsea projects. Subsea thermal insulation materials are extensively used to insulate equipment, pipelines used in subsea oil & gas operations.

Global subsea thermal insulation materials market is segmented into type, application and region. On the basis of type, the market is segmented into polyurethane, silicone rubber, polypropylene, aerogel and epoxy. Of all, polyurethane segment accounts for the largest share of the market. The popularity of polyurethane as an insulation material can be attributed to its ability to enhance the appearance of a product and increase its lifespan. The major advantage of polyurethane is that it can sustain volatile temperatures even at the bottom of the ocean as it can cover unlimited depth and therefore, is used on wet insulation systems. Moreover, polyurethane is easy to apply and is relatively cheaper. Further, among the application segments, pipe cover is anticipated to be the fastest growing application of subsea thermal insulation materials during forecast period. Pipelines are an integral part of oil & gas projects and are used for transporting fluids. Carbon steel, carbon steel with stainless steel liner, super martensitic stainless steel, clad steel, and duplex stainless steel are the usual materials, which are used as pipelines. These are insulated in order to prevent hydrate formations.

Based on region, the market is segmented into Asia-Pacific (APAC), Europe, North America, Middle East & Africa and South America. Among these regions, Europe is anticipated to account for the largest market during forecast period. The region has emerged as the largest consumer of subsea thermal insulation materials due to large subsea oil & gas projects in the region.

Some of the leading companies operating in global subsea thermal insulation materials market are Advanced Insulation Plc, AFGlobal Corporation, Aspen Aerogels, BASF SE, Cabot Corporation, DowDuPont Inc., Shawcor Ltd, TechnipFMC Plc, Trelleborg Offshore & Construction, among others.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of subsea thermal insulation materials market.
  • To forecast global subsea thermal insulation materials market based on type, application and regional distribution.
  • To identify drivers and challenges for glob global subsea thermal insulation materials market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global subsea thermal insulation materials market.
  • To conduct pricing analysis for global subsea thermal insulation materials market.
  • To identify and analyze the profile of leading players involved in the manufacturing of subsea thermal insulation materials.


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Some of the leading players in global subsea thermal insulation materials market are: Advanced Insulation Plc, AFGlobal Corporation, Aspen Aerogels, BASF SE, Cabot Corporation, DowDuPont Inc., Shawcor Ltd, TechnipFMC Plc, Trelleborg Offshore & Construction, among others.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major players operating in global subsea thermal insulation materials market.

TechSci Research calculated the market size of subsea thermal insulation materials using a top-down approach, wherein data for various end user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  •  Subsea thermal insulation materials manufacturers and suppliers
  • Government and other regulatory bodies
  • Research institutes and organizations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them to strategize investments and capitalize on market opportunities.

Report Scope:

In this report, global subsea thermal insulation materials market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Type:
    • Polyurethane
    • Silicone Rubber
    • Polypropylene
    • Aerogel
    • Epoxy
  • Market, by Application:
    • Equipment
    • Pipe Cover
    • Field Joints
    • Others
  • Market, by Region:
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Europe
      • United Kingdom
      • Italy
      • France
      • Germany
      • Russia
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global subsea thermal insulation materials market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

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