Press release
Subsea Thermal Insulation Materials Market 2018-2023: Advanced Insulation, AFGlobal, Aspen Aerogels, BASF, Cabot Corporation, DowDuPont, Shawcor Ltd, TechnipFMC and Others.
According to Market Study Report, Subsea Thermal Insulation Materials Market provides a comprehensive analysis of the Subsea Thermal Insulation Materials Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry.Need a Free Sample Report? Visit: https://www.reportsnreports.com/contacts/requestsample.aspx?name=345450
The Subsea Thermal Insulation Materials Market is estimated to be close to USD 77 Million in 2018 to reach more than USD 93 Million by 2023, at a CAGR of 4.0% during the forecast period. This report spread across 146 pages, profiling 09 companies and supported with 147 tables and 37 figures are now available in this research.
Top Companies Profiled in the Subsea Thermal Insulation Materials Market:
• Amcor (Australia)
• Berry Global Group (US)
• DuPont (US)
• Weigao Group (China)
• PolyCine (Germany)
• Covestro AG (Germany)
• Glenroy (US) and 3M Company (US)
• Wipak Group
• Renolit SE (Germany)
“By type, the epoxy segment is projected to register the highest CAGR 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.
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“By application, pipe cover is projected to register the highest CAGR during the forecast period.”
The pipe cover application is estimated to register the fastest growth rate 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.
“South America is likely to register the highest growth rate during the forecast period.”
South America is projected to be the fastest-growing market for subsea thermal insulation materials. The rise in the demand for subsea thermal insulation materials is associated with the increase in subsea oil & gas development activities.
Breakdown of primary participants’ profile:
• By Company Type - Tier 1 –70%, Tier 2 – 25%, and Tier 3 –5%
• By Designation - C level –45%, Director level – 35%, and Others – 20%
• By Region - North America – 17%, Europe& Russia – 42%, APAC – 25%, the Middle East & Africa – 8%, and South America – 8%.
Competitive Landscape of Subsea Thermal Insulation Materials Market:
9.1 Introduction
9.1.1 Expansion
9.1.2 Agreement
9.1.3 Merger & Acquisition
9.1.4 New Product Launch
Reason to access this report:
• This report segments the global subsea thermal insulation materials market comprehensively and provides the closest approximations of market sizes for the overall market and sub segments across verticals and regions.
• The report will help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders understand the major competitors and gain insights to enhance their positions in the business. The competitive landscape section includes expansion,mergers & acquisition, agreements,and new product development.
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