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
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.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020–2024
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 areAdvanced Insulation Plc, AFGlobal Corporation, Aspen Aerogels, BASF SE, Cabot Corporation, DowDuPont Inc., Shawcor Ltd, TechnipFMC Plc, Trelleborg Offshore & Construction, among others.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of leading manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the service offerings, distribution channels and presence of all major players operating in global
Market Insights Research calculated the market size of
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.
