Subsea Thermal Insulation Market
The global subsea thermal insulation market has been segmented by type, application, and region.
Based on type, the market has been segmented into polyurethane, polypropylene, epoxy, aerogel, phenolic, silicone and others. Polyurethane segment accounted for the largest market share in the global subsea thermal insulation market in 2021 and is expected to grow at a moderate CAGR during the review period, owing to its versatility in application for hot and cold lines, better adhesion to the metal surface, and ease of handling among others.
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However, with the rising popularity of ultra-deepwater exploration the prevalence of epoxy based insulation is increasing in subsea applications, hence, the epoxy based insulation is expected to grow at a highest CAGR during the forecast period.
Competitive Analysis:
Some of the key players in the global subsea thermal insulation are BASF SE (Germany), Advanced Insulation Limited (UK), Aspen Aerogels, Inc. (US), AFGlobal Corporation (US), Cabot Corporation (US), DowDuPont (US), SHAWCOR (Canada), TechnipFMC plc (UK), Trelleborg (Sweden), Materia, Inc. (US), and Tenaris (Luxemborg)
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Based on application, the market has been segmented into pipelines, risers, subsea equipment, field joints and others. Pipelines accounted for the largest market share in 2021 and is expected to maintain its dominance throughout the forecast period. The pipelines are the most integral part in offshore exploration for transporting the crude from the deepwater to the container ships. The pipelines are subjected to the harsh underwater conditions, hence, to withstand those underwater conditions insulation is an utmost aspect, owing to which the market for pipelines is expected to be the largest and fastest growing segment in the global subsea thermal insulation market.
Regional Analysis:
Based on region, the global Subsea Thermal Insulation Market Research has been segregated into North America, Europe, Asia-Pacific, South America, and the Middle East Africa.
The market in Asia-Pacific was the largest in 2021 due to the increasing investments in the offshore exploration activities in the countries like India, Indonesia, China, and Malaysia. Also, the rise in demand for downstream petroleum products in the region is expected to further boost the exploration activities in the region, which is expected boost the demand in the region.
North America is the second-largest market for subsea thermal insulation owing to the increasing deepwater explorations in the Gulf of Mexico. The European market for subsea thermal insulation is expected to grow as a result of rising offshore exploration in the countries like Russia, Poland, Norway, and UK.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Suppliers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Subsea Thermal Insulation Market
5 Industry Overview Of Global Subsea Thermal Insulation Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
- Global Subsea Thermal Insulation Market, By Type
7.1 Introduction
7.2 Polyurethane
7.2.1 Market Estimates Forecast, 2020–2027
7.2.2 Market Estimates Forecast, By Region, 2020–2027
7.3 Polypropylene
7.3.1 Market Estimates Forecast, 2020–2027
7.3.2 Market Estimates Forecast, By Region, 2020–2027
7.4 Epoxy
7.4.1 Market Estimates Forecast, 2020–2027
7.4.2 Market Estimates Forecast, By Region, 2020–2027
7.5 Aerogel
7.5.1 Market Estimates Forecast, 2020–2027
7.5.2 Market Estimates Forecast, By Region, 2020–2027
7.6 Phenolic
7.6.1 Market Estimates Forecast, 2020–2027
7.6.2 Market Estimates Forecast, By Region, 2020–2027
7.7 Others
7.7.1 Market Estimates Forecast, 2020–2027
7.7.2 Market Estimates Forecast, By Region, 2020–2027
- Global Subsea Thermal Insulation Market, By Application
8.1 Introduction
8.2 Pipelines
8.2.1 Market Estimates Forecast, 2020–2027
8.2.2 Market Estimates Forecast, By Region, 2020–2027
8.3 Risers
8.3.1 Market Estimates Forecast, 2020–2027
8.3.2 Market Estimates Forecast, By Region, 2020–2027
8.4 Subsea Equipment
8.4.1 Market Estimates Forecast, 2020–2027
8.4.2 Market Estimates Forecast, By Region, 2020–2027
8.5 Filed Joints
8.5.1 Market Estimates Forecast, 2020–2027
8.5.2 Market Estimates Forecast, By Region, 2020–2027
8.6 Others
8.6.1 Market Estimates Forecast, 2020–2027
8.6.2 Market Estimates Forecast, By Region, 2020–2027
- Global Subsea Thermal Insulation Market, By Region
9.1 Introduction
9.2 North America
9.2.1 Market Estimates Forecast, 2020–2027
9.2.2 Market Estimates Forecast, By Type, 2020–2027
9.2.3 Market Estimates Forecast, By Application, 2020–2027
9.2.4 US
9.2.4.1 Market Estimates Forecast, 2020–2027
9.2.4.2 Market Estimates Forecast, By Type, 2020–2027
9.2.4.3 Market Estimates Forecast, By Application, 2020–2027
9.2.5 Canada
9.2.5.1 Market Estimates Forecast, 2020–2027
9.2.5.2 Market Estimates Forecast, By Type, 2020–2027
9.2.5.3 Market Estimates Forecast, By Application, 2020–2027
9.3 Europe
9.3.1 Market Estimates Forecast, 2020–2027
9.3.2 Market Estimates Forecast, By Type, 2020–2027
9.3.3 Market Estimates Forecast, By Application, 2020–2027
- Company Landscape
- Company Profiles
11.1 BASF SE
11.1.1 Company Overview
11.1.2 Type/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 Advanced Insulation Limited
11.2.1 Company Overview
11.2.2 Type/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 AFGlobal Corporation
11.3.1 Company Overview
11.3.2 Type/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 Cabot Corporation
11.4.1 Company Overview
11.4.2 Type/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments
11.5 DowDuPont
11.5.1 Company Overview
11.5.2 Type/Business Segment Overview
11.5.3 Financial Updates
11.5.4 Key Developments
11.6 SHAWCOR
11.6.1 Company Overview
11.6.2 Type/Business Segment Overview
11.6.3 Financial Updates
11.6.4 Key Developments
11.7 TechnipFMC Plc
11.7.1 Company Overview
11.7.2 Type/Business Segment Overview
11.7.3 Financial Updates
11.7.4 Key Developments
11.8 Trelleborg
11.8.1 Company Overview
11.8.2 Type/Business Segment Overview
11.8.3 Financial Updates
11.8.4 Key Developments
11.9 Materia, Inc.
11.9.1 Company Overview
11.9.2 Type/Business Segment Overview
11.9.3 Financial Updates
11.9.4 Key Developments
11.10 Tenaris
11.10.1 Company Overview
11.10.2 Type/Business Segment Overview
11.10.3 Financial Updates
11.10.4 Key Developments
- Conclusion
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