Subsea Thermal Insulation Materials Market-Research Report 2019 by Industry Size, Covid-19 Impact Analysis to 2026

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Subsea Thermal Insulation Materials
Market-Research Report 2019 by Industry Size,
Covid-19 Impact Analysis to 2026
Subsea Thermal Insulation Materials Market By
Type (Epoxy, Silicone Rubber, Polyurethane,
Polypropylene, Aerogel, Others), Application
(Equipment, Pipe Cover, Field Joints,
Pipe-In-Pipe, Others), Geography (North America,
South America, Europe, Asia-Pacific, Middle East
and Africa) Industry Trends and Forecast to
2026
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Report Description
Global subsea thermal insulation materials market
is expected to rise from its initial estimated
value of USD 75.65 million in 2018 to a projected
value of USD 102.58 million by 2026, registering
a CAGR of 3.88 in the forecast period of
2019-2026. This rise in market value can be
attributed to the growing prevalence of
underwater and offshore energy extraction
processes. Subsea thermal insulation is the
process of maintaining the desired composite
temperature of the materials undersea so that
there is no formation of hydrate plugs or waxes
in the pipes and tanks. Non-applicability of
thermal insulation results in cooling of oils and
gases extracted resulting in formulation of waxes
causing blockages in the entire structure. This
type of insulation involves covering the entire
inner portion of the structure with modified
chemicals and materials causing the temperature
to remain constant.
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Major Key Players

• Some of the major players operating in this
  market are
• Cabot Corporation
• Aspen Aerogels Inc.
• TechnipFMC plc
• Advanced Insulation Limited
• BASF SE
• The Dow Chemical Company
• Ameriforge Group Inc.
• Trelleborg AB (publ)
• SHAWCOR
• Tenaris
• Aegion Corporation

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Market Segmentation

• By Type (Epoxy, Silicone Rubber, Polyurethane,
  Polypropylene, Aerogel, Others)
• By Applications (Equipment, Pipe Cover, Field
  Joints, Pipe-In-Pipe, Others)

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Regional Analysis

• Based on geography, the market is segmented into
  five geographical regions
• North America
• Europe
• Asia-Pacific
• South America
• Middle East
• Africa

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