Dec 13, 2018   SOURCE: BusinessWire

Global $93Mn Subsea Thermal Insulation Materials Market by Type, Application and Region - Forecast to 2023 - ResearchAndMarkets.com

The "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" report has been added to ResearchAndMarkets.com's offering.

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% during the forecast period.

The market is driven by various factors such as steady recovery of the oil & gas industry, reduction of costs related to offshore oil & gas projects, and rising deepwater & ultra-deepwater projects. Fluctuations in crude oil prices are expected to restrain market growth.

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.

The pipe cover application is estimated to register the fastest growth rate during the forecast period. A significant driver of this segment is the rise in deepwater and ultra-deepwater projects across the globe.

Market Dynamics

Drivers

  • Steady Recovery of the Oil & Gas Industry
  • Increasing Adoption of Offshore Oil & Gas Extraction
  • Cost Optimization in Offshore Oil & Gas Projects

Restraints

  • Fluctuations in Crude Oil Prices

Opportunities

  • Rise in Number of Deepwater Oil & Gas Projects

Challenges

  • Transportation & Logistics Costs
  • Development of Newer Products for High Depth Subsea Projects

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Subsea Thermal Insulation Materials Market, By Type

7 Subsea Thermal Insulation Materials Market, By Application

8 Subsea Thermal Insulation Materials Market, By Region

9 Competitive Landscape

10 Company Profiles

  • Advanced Insulation PLC
  • AFGlobal Corporation
  • Aspen Aerogels
  • BASF
  • Cabot Corporation
  • DowDuPont
  • Shawcor Ltd.
  • TechnipFMC
  • Trelleborg Offshore & Construction

For more information about this report visit https://www.researchandmarkets.com/research/rd6cmd/global_93mn?w=4