Market Research Logo

Global Subsea Thermal Insulation Materials Market 2017-2021

Global Subsea Thermal Insulation Materials Market 2017-2021

About Subsea Thermal Insulation Materials

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. 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.

Technavio’s 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
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
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?


Press Release

Technavio Announces the Publication of its Research Report – Global Subsea Thermal Insulation Materials Market

Technavio recognizes the following companies as the key players in the global subsea thermal insulation materials market: BASF, Dow Corning, SHAWCOR, The Dow Chemical, and Trelleborg.

Other Prominent Vendors in the market are: Advanced Insulation, Aegion, AFGlobal, Aspen Aerogels, Balmoral Group, Cabot, Engineered Syntactic Systems, TechnipFMC, Materia, and Tenaris.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand for mobile production unit (MPU). The development and implementation of innovative portable mobile production unit are expected to drive the demand for subsea thermal insulation materials. MPU is a mobile coating facility that provides services such as thermal insulation, corrosion protection coating, and passive fire protection.”

According to the report, one driver in the market is growing offshore exploration and production activities. In 2016, the global offshore oil production was at the highest level since 2010. It accounted for more than 29% of the global oil production. An increase in offshore activities is mainly driven by the decrease in onshore oil reserves and increase in the consumption of fuel. Thermal insulation materials for pipes are mainly used in offshore oil and gas production as it requires protection from high temperature, corrosion, and other adverse conditions.

Further, the report states that one challenge in the market is volatility in crude oil prices. The production of oil and gas from unconventional reserves through horizontal drilling and fracturing in the Americas has increased the supply of crude oil. An oversupply of crude oil has reduced the demand for new rigs. The reduction in demand for new rigs will hinder offshore exploration and drilling activities, thereby reducing the use of subsea thermal insulation materials. According to the US Energy Information Administration (EIA), the crude oil price for Brent was around $82 per barrel in 2010.

Companies Mentioned

BASF, Dow Corning, SHAWCOR, The Dow Chemical, Trelleborg, Advanced Insulation, Aegion, AFGlobal, Aspen Aerogels, Balmoral Group, Cabot, Engineered Syntactic Systems, TechnipFMC, Materia, and Tenaris.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Important properties of subsea thermal insulation materials
  • Market landscape
    • Market size and forecast
      • Table Global subsea thermal insulation materials market 2016 and 2021 ($ millions)
      • Table Market forecast: Global subsea thermal insulation materials market 2016-2021 ($millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Overview: Global subsea thermal insulation materials market by type
      • Table Global subsea thermal insulation materials market by type 2016
  • Market segmentation by application
    • Overview: Global subsea thermal insulation materials market by application
      • Table Global subsea thermal insulation materials market by application 2016
      • Table Global subsea thermal insulation materials market by application 2021
    • Global subsea thermal insulation materials market for wet application
      • Table Global subsea thermal insulation materials market for wet application 2016 and2021 ($ millions)
      • Table Market forecast: Global subsea thermal insulation materials market for wet application 2016-2021
      • Table Common material used for wet application
    • Global subsea thermal insulation materials market for dry application
      • Table Global subsea thermal insulation materials market for dry application 2016 and 2021($ millions)
      • Table Market forecast: Global subsea thermal insulation materials market for dry application 2016-2021
      • Table Common material used for dry application
  • Geographical segmentation
    • Overview: Global subsea thermal insulation materials market by geography
      • Table Global subsea thermal insulation materials market by geography 2016
      • Table Global subsea thermal insulation materials market by geography 2021
    • Subsea thermal insulation materials market in EMEA
      • Table Subsea thermal insulation materials market in EMEA 2016 and 2021 ($ millions)
      • Table Market forecast: Subsea thermal insulation materials market in EMEA 2016-2021 ($millions)
    • Subsea thermal insulation materials market in Americas
      • Table Subsea thermal insulation materials market in Americas 2016 and 2021 ($ millions)
      • Table Market forecast: Subsea thermal insulation materials market in Americas 2016-2021($ millions)
    • Subsea thermal insulation materials market in APAC
      • Table Subsea thermal insulation materials market in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: Subsea thermal insulation materials market in APAC 2016-2021 ($millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global crude oil production 2015 (million barrels per day)
      • Table Global offshore production by water depths (million barrels per day)
    • Market challenges
  • Market trends
    • Increasing demand for mobile production unit (MPU)
    • New discoveries of potential reserves
    • Bio-refineries: The future of petroleum
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Global subsea thermal insulation materials market: Key vendors 2016
    • Other prominent vendors
  • Key vendor analysis
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographical segmentation by revenue 2016
    • Dow Corning
      • Table Dow Corning: Functional group segmentation 2016
    • SHAWCOR
      • Table SHAWCOR: Business segmentation by revenue 2016
      • Table SHAWCOR: Geographical segmentation by revenue 2016
    • The Dow Chemical
      • Table The Dow Chemical: Business segmentation by revenue 2016
      • Table The Dow Chemical: Geographical segmentation by revenue 2016
    • Trelleborg
      • Table Trelleborg: Markets and applications 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report