Subsea Thermal Insulation Material Market worth $142.30 Million by 20 Subsea Thermal Insulation Material Market worth $1

Subsea Thermal Insulation Material Market worth $142.30 Million by 2019
The report “Subsea Thermal Insulation Market by Type (Polyurethane, Polypropylene, Silicone Rubber,
Epoxy, Aerogel, and Others), by Application (Pipe-in-Pipe, Pipe Cover, Equipment, Field Joints, and Others) Regional Trends & Forecast to 2019” defines and segments the subsea thermal insulation material market
with an analysis and forecast of value by type, such as polyurethane, polypropylene, silicone rubber, epoxy,
and others. Along with this, the value and volumes of subsea thermal insulation material by application and
region are also discussed in the report.
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Browse 151 market data tables with 49 figures spread through 174 pages and in-depth TOC on "Subsea
Thermal Insulation Market”
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The report also identifies the driving and restraining factors for subsea thermal insulation material market with
an analysis of drivers, restraints, opportunities, and strengths. The market is segmented and the value has
been forecasted on the basis of important regions, such as Asia-Pacific, North America, Europe, the Middle
East & Africa, and Latin America. Further, the market is segmented and the demand and value are forecasted
on the basis of various key applications of subsea thermal insulation material, such as dry (pipe-in-pipe) and
wet (single pipeline, equipment, filed joints, and others).
Deeper wells driving the demand for subsea thermal insulation material market
An important aspect of designing offshore production systems, particularly in deep water, is providing
sufficient thermal insulation. The fluids are produced at high temperatures and equipment must be capable of
maintaining the temperature of fluids while submersed in deep water. The demand for oil is increasing at a
rapid rate and to meet this demand the oil & gas industry has developed new and safer methods for exploring
and commissioning offshore deep water wells. To meet the rising oil demand, drilling activities have become
deeper. To prevent the produced fluid from turning cold, subsea lines (pipes) are insulated to maintain
produced liquid at a sufficiently high temperature to enable its flow through the pipes even in the deep
waters.
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The global consumption of oil is witnessing a tremendous increase due to fast growing demand for road and
air transport, mainly in the developed countries. The U.S. remains the largest consumer of oil followed by
China. However, China is projected to overtake the U.S. in terms of oil consumption by 2030. This is leading to
heavy offshore subsea activities.
Subsea thermal insulation material market value to reach $142.30 million by 2019
The market for subsea thermal insulation material, in terms of value, is projected to reach around $142.30
million by 2019, witnessing a CAGR of 4.80% between 2014 and 2019. In terms of value, Europe & Russia
followed by Middle East & Africa dominated the subsea thermal insulation material market in 2013 and are
expected to register a high CAGR by 2019. High demand for advanced insulation to maintain the thermal
integrity of subsea systems and increasing demand for oil from developed as well as developing counties in
Middle East & Africa, European, and North American region is leading to high demand of subsea thermal