Global Subsea Thermal Insulation Materials Market to Expand at a CAGR of 4.63% during the period 2017-2021| BASF, Dow Corning, SHAWCOR And The Dow Chemical

Albany, NY, 6th July : Recent research and the current scenario as well as future market potential of "Global Subsea Thermal Insulation Materials Market 2017-2021" globally.

Subsea thermal insulation materials are used to resist heat transfer. The global insulation market was valued at $673.6 billion in 2016. Insulation materials are used in various applications such as construction, industrial, and oil and gas.

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Subsea thermal insulation is a protective coating applied to components subjected to cold deep-water immersion. When the subsea temperature of pipelines or equipment or joints drop below the hydrate appearance temperature (HAT) and wax appearance temperature (WAT), it clogs the pipeline.

Technavios analysts forecast the global subsea thermal insulation materials market to grow at a CAGR of 4.63% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global subsea thermal insulation materials market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global Subsea Thermal Insulation Materials Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
BASF
Dow Corning
SHAWCOR
The Dow Chemical
Trelleborg

Other prominent vendors
Advanced Insulation
Aegion
AFGlobal
Aspen Aerogels
Balmoral Group
Cabot
Engineered Syntactic Systems
TechnipFMC
Materia
Tenaris

Market driver
Growing offshore exploration and production activities
For a full, detailed list, view our report

Market challenge
Volatility in crude oil prices
For a full, detailed list, view our report

Market trend
Increasing demand for mobile production unit (MPU)
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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This release was published on openPR.