海中断熱材の世界市場：2028年までの予測 - タイプ別（ポリプロピレン、シリコーンゴム、その他のタイプ）、用途別（石油・ガスパイプライン、機器、その他の用途）、地域別の分析

Stratistics MRCによると、世界の断熱材市場は2022年に3億1442万米ドルを占め、2028年には4億4602万米ドルに達し、予測期間中に6％のCAGRで成長すると予測されています。

発泡ウレタンベースの海中断熱材は、耐久性、高接着性、耐衝撃性などの様々な品質により、深海用途で頻繁に採用されています。水面下での断熱材は、深海への浸漬による寒さを防ぐことができます。ミネラルウールは断熱性が高いため、海中パイプにも使用されています。海中断熱材がないと、海水が石油を急速に冷やし、安全に流せなくなります。シリコーンゴムなどの海中断熱材は、機械的安定性が高く、耐久性に優れ、高温に耐えることができます。

カナダ石油生産者協会（CAPP）によると、石油・ガス会社は2021年にカナダで273億カナダドル（214億4000万米ドル）の投資を行う予定です。また、Energy Shale Gas Productionによると、2040年までにカナダとメキシコの天然ガス生産量はそれぞれ30%、75%以上増加すると予測されています。

市場力学

促進要因

水中プロジェクトの増加

水中工事の増加により、海中断熱材の使用が加速しています。海中断熱材は様々な用途に使用され、幅広い材料に耐性があります。これが海中保温材の世界市場拡大を後押しする重要な要因となっています。国際的な石油・ガス産業の復興と海中プロジェクト数の拡大が、世界のビジネスの大きな力となっています。

抑制要因

原料価格の乱高下

原料価格の変動が市場拡大の妨げになる可能性があります。原油を原料とする石油化学製品にウレタンフォームがあります。そのため、原油価格の変動により、現代の市場拡大を阻害する商品の製造が制限される可能性があります。統計によると、平均原油価格は1バレルあたり54米ドルから71米ドルまで急騰したが、その後64.21米ドルまで下落しました。海中断熱材市場は、この変動に悩まされています。

機会

石油・ガス産業からの需要拡大

石油・ガス分野からの需要拡大は、海中断熱材市場の成長要因です。石油・ガスの深海・極地掘削は、石油開発事業者にとって必要不可欠な条件です。海中断熱材の世界市場は、既存の断熱技術に代わる実行可能なものがないために拡大しています。現在の生産能力を再活性化するために、企業は世界市場で新しい商品や手順を起動することに集中し、これは世界市場の拡大を加速することが予想されます。世界市場は、顧客サービスの向上と海中断熱材用途の拡大により、今後数年間で刺激される可能性があります。また、各国の重要なニッチ市場やサービスが行き届いていない地域へのサービス提供も積極的に行っています。

脅威

シリコーン材料の高コスト

このシリコーンゴムの最大の欠点は、その価格です。市場に出回っている他の多くのゴムと比較すると、価格が高いです。しかし、このエッセイで示したように、それには正当な理由があります。顧客は他のゴムがそれらに一致させることができないシリコーンゴムとのそう多くの特有な質を得ます。その強靭さ、長い保存性、そして他のすべての驚くべき利点のために、初期投資は他のゴム材料よりわずかに高いかもしれないが、投資に対するリターンははるかに高くなります。

COVID-19の影響

海中断熱材は、ガス探査や生産量増加のために頻繁に採用されています。しかし、ロックアップによる流体伝達への悪影響は、海中断熱材の商業的拡大によってより多く処理されます。COVID-19の流行は石油の供給を鈍らせ、原油価格に非常に悪い影響を与えます。海中保温材は原油の輸出量が足りないなどの理由で市場が拡大していないです。

予測期間中、ポリウレタンセグメントが最大となる見込み

ポリウレタンは、湿式断熱工法に使用されるなど、その適用範囲の広さから、大きな成長が見込まれています。ポリウレタンと呼ばれるウレタンフォームは、密閉された非連結のマイクロセルを多く持つため、効果的な断熱材として利用されています。ポリウレタンは、水蒸気透過性が低く、耐吸水性に優れ、機械的強度が高く、密度が低いなど多くの特性を持つため、パイプラインの建設に多く利用されています。石油・ガスパイプは、ポリウレタンでコーティングされることで保護され、長寿命化されます。ポリウレタンは柔軟性が高いため、海中断熱材として広く採用されています。

予測期間中、石油・ガスパイプライン分野のCAGRが最も高くなると予想される

石油・ガスパイプライン分野は、流体輸送と海洋探査の需要が高まっていることから、予測期間中に最も速いCAGRの成長が見込まれています。石油・ガス業界のパイプラインは、シリコーンゴム、エアロジェル、ポリウレタンなどの海中断熱材により、接合部が強化されています。また、海中断熱材を使用することで、熱伝導率や熱容量が向上します。したがって、石油・ガス産業への投資の増加は、断熱材の需要を増加させると予測されます。

シェア上位の地域

中東・アフリカ地域の海中断熱材の需要は、アンゴラやナイジェリアの海洋油田の探査・開発に対する支出増の影響を大きく受けると予想されるため、予測期間中に中東・アフリカ地域が最大の市場シェアを占めると予測されます。ナイジェリアとアンゴラは、オフショア石油産業が確立されているため、海中断熱材を最も多く利用している国の一つです。

CAGRが最も高い地域

石油・ガス探査のための深水化プロジェクトに対する関心が高まっていることから、予測期間中、欧州が最も高いCAGRを示すと予測されています。深層水探査は、ガスの産出量を増加させ、海上での石油・ガスコストを下げ、地表から石油を回収します。水中での断熱により、ハイドレートプラグの形成が回避されます。その結果、海中断熱材は、掘削、探査、ガス設置、石油・ガス生産など、さまざまなプロセスで採用されています。

主な発展

2022年10月、キャボットコーポレーションは、E2C（TM）FX9570とE2C（TM）EX9620ソリューションの2つの新製品を発売し、エンジニアードエラストマーコンポジットの製品ラインを拡張すると発表しました。

2021年9月、BASFとWPOポリマーが協力し、スペインとポルトガルでバイオポリマーecovioを認定コンポスタブルバッグ用に販売します。BASFは、バイオポリマー事業の成長戦略の一環として、WPOポリマー社と協力し、急速に発展するスペインとポルトガルの市場でさらなる前進を目指します。

本レポートの内容

• 地域および国別セグメントの市場シェア評価
• 新規参入企業への戦略的提言
• 2020年、2021年、2022年、2025年、2028年の市場データを網羅
• 市場動向（市場促進要因・促進要因・機会・脅威・課題・投資機会・提言）を網羅
• 市場推定に基づく、主要ビジネスセグメントにおける戦略的推奨事項
• 主要な共通トレンドをマッピングした競合情勢
• 詳細な戦略、財務、最近の開発状況を含む企業プロファイル
• 最新の技術的進歩をマッピングしたサプライチェーン動向

無料カスタマイズサービス

本レポートをご購読のお客様には、以下のカスタマイズオプションのいずれかを無償でご提供いたします。

• 企業プロファイル
  • 追加市場プレイヤーの包括的なプロファイリング（最大3社まで）
  • 主要プレイヤーのSWOT分析（3社まで）
• 地域別セグメンテーション
  • お客様のご希望に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによります。）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要プレイヤーのベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査情報源
  • 1次調査情報源
  • 2次調査情報源
  • 仮定

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• アプリケーション分析
• 新興市場
• COVID-19の影響

第4章 ポーターズファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界の海中断熱材市場：タイプ別

• ポリプロピレン
• シリコーンゴム
• ポリウレタン
• エポキシ
• エアロゲル
• 合成ゴム
• 熱可塑性樹脂
• その他のタイプ

第6章 世界の海中断熱材市場：用途別

• 石油・ガスパイプライン
• 装置
• パイプインパイプ
• フィールドジョイント
• メカニカルジョイント
• その他のアプリケーション

第7章 世界の海中断熱材市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋地域
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋地域
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東とアフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東

第8章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品の発売
• 事業拡大
• その他の主要戦略

第9章 企業プロファイル

• Balmoral Group
• Trelleborg
• Benarx
• Advanced Insulation Plc
• Shawcor Ltd.
• BASF SE
• Cabot Corporation
• TechnipFMC plc
• Armacell
• Aspen Aerogels, Inc.
• AFGlobal
• 3M
• Aegion Corporation
• Dow
• Engineered Syntactic Systems
• Huntsman International LLC
• Materia Inc.
• PERMA-PIPE International Holdings Inc.
• Serimax
• Tenaris

List of Tables

• 1 Global Subsea Thermal Insulation Materials Market Outlook, By Region (2020-2028) ($MN)
• 2 Global Subsea Thermal Insulation Materials Market Outlook, By Type (2020-2028) ($MN)
• 3 Global Subsea Thermal Insulation Materials Market Outlook, By Polypropylene (2020-2028) ($MN)
• 4 Global Subsea Thermal Insulation Materials Market Outlook, By Silicone Rubber (2020-2028) ($MN)
• 5 Global Subsea Thermal Insulation Materials Market Outlook, By Polyurethane (2020-2028) ($MN)
• 6 Global Subsea Thermal Insulation Materials Market Outlook, By Epoxy (2020-2028) ($MN)
• 7 Global Subsea Thermal Insulation Materials Market Outlook, By Aerogels (2020-2028) ($MN)
• 8 Global Subsea Thermal Insulation Materials Market Outlook, By Synthetic rubber (2020-2028) ($MN)
• 9 Global Subsea Thermal Insulation Materials Market Outlook, By Thermoplastics (2020-2028) ($MN)
• 10 Global Subsea Thermal Insulation Materials Market Outlook, By Other Types (2020-2028) ($MN)
• 11 Global Subsea Thermal Insulation Materials Market Outlook, By Application (2020-2028) ($MN)
• 12 Global Subsea Thermal Insulation Materials Market Outlook, By Oil & Gas Pipeline (2020-2028) ($MN)
• 13 Global Subsea Thermal Insulation Materials Market Outlook, By Equipment (2020-2028) ($MN)
• 14 Global Subsea Thermal Insulation Materials Market Outlook, By Pipe-in-Pipe (2020-2028) ($MN)
• 15 Global Subsea Thermal Insulation Materials Market Outlook, By Field Joints (2020-2028) ($MN)
• 16 Global Subsea Thermal Insulation Materials Market Outlook, By Mechanical Joints (2020-2028) ($MN)
• 17 Global Subsea Thermal Insulation Materials Market Outlook, By Other Applications (2020-2028) ($MN)
• 18 North America Subsea Thermal Insulation Materials Market Outlook, By Country (2020-2028) ($MN)
• 19 North America Subsea Thermal Insulation Materials Market Outlook, By Type (2020-2028) ($MN)
• 20 North America Subsea Thermal Insulation Materials Market Outlook, By Polypropylene (2020-2028) ($MN)
• 21 North America Subsea Thermal Insulation Materials Market Outlook, By Silicone Rubber (2020-2028) ($MN)
• 22 North America Subsea Thermal Insulation Materials Market Outlook, By Polyurethane (2020-2028) ($MN)
• 23 North America Subsea Thermal Insulation Materials Market Outlook, By Epoxy (2020-2028) ($MN)
• 24 North America Subsea Thermal Insulation Materials Market Outlook, By Aerogels (2020-2028) ($MN)
• 25 North America Subsea Thermal Insulation Materials Market Outlook, By Synthetic rubber (2020-2028) ($MN)
• 26 North America Subsea Thermal Insulation Materials Market Outlook, By Thermoplastics (2020-2028) ($MN)
• 27 North America Subsea Thermal Insulation Materials Market Outlook, By Other Types (2020-2028) ($MN)
• 28 North America Subsea Thermal Insulation Materials Market Outlook, By Application (2020-2028) ($MN)
• 29 North America Subsea Thermal Insulation Materials Market Outlook, By Oil & Gas Pipeline (2020-2028) ($MN)
• 30 North America Subsea Thermal Insulation Materials Market Outlook, By Equipment (2020-2028) ($MN)
• 31 North America Subsea Thermal Insulation Materials Market Outlook, By Pipe-in-Pipe (2020-2028) ($MN)
• 32 North America Subsea Thermal Insulation Materials Market Outlook, By Field Joints (2020-2028) ($MN)
• 33 North America Subsea Thermal Insulation Materials Market Outlook, By Mechanical Joints (2020-2028) ($MN)
• 34 North America Subsea Thermal Insulation Materials Market Outlook, By Other Applications (2020-2028) ($MN)
• 35 Europe Subsea Thermal Insulation Materials Market Outlook, By Country (2020-2028) ($MN)
• 36 Europe Subsea Thermal Insulation Materials Market Outlook, By Type (2020-2028) ($MN)
• 37 Europe Subsea Thermal Insulation Materials Market Outlook, By Polypropylene (2020-2028) ($MN)
• 38 Europe Subsea Thermal Insulation Materials Market Outlook, By Silicone Rubber (2020-2028) ($MN)
• 39 Europe Subsea Thermal Insulation Materials Market Outlook, By Polyurethane (2020-2028) ($MN)
• 40 Europe Subsea Thermal Insulation Materials Market Outlook, By Epoxy (2020-2028) ($MN)
• 41 Europe Subsea Thermal Insulation Materials Market Outlook, By Aerogels (2020-2028) ($MN)
• 42 Europe Subsea Thermal Insulation Materials Market Outlook, By Synthetic rubber (2020-2028) ($MN)
• 43 Europe Subsea Thermal Insulation Materials Market Outlook, By Thermoplastics (2020-2028) ($MN)
• 44 Europe Subsea Thermal Insulation Materials Market Outlook, By Other Types (2020-2028) ($MN)
• 45 Europe Subsea Thermal Insulation Materials Market Outlook, By Application (2020-2028) ($MN)
• 46 Europe Subsea Thermal Insulation Materials Market Outlook, By Oil & Gas Pipeline (2020-2028) ($MN)
• 47 Europe Subsea Thermal Insulation Materials Market Outlook, By Equipment (2020-2028) ($MN)
• 48 Europe Subsea Thermal Insulation Materials Market Outlook, By Pipe-in-Pipe (2020-2028) ($MN)
• 49 Europe Subsea Thermal Insulation Materials Market Outlook, By Field Joints (2020-2028) ($MN)
• 50 Europe Subsea Thermal Insulation Materials Market Outlook, By Mechanical Joints (2020-2028) ($MN)
• 51 Europe Subsea Thermal Insulation Materials Market Outlook, By Other Applications (2020-2028) ($MN)
• 52 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Country (2020-2028) ($MN)
• 53 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Type (2020-2028) ($MN)
• 54 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Polypropylene (2020-2028) ($MN)
• 55 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Silicone Rubber (2020-2028) ($MN)
• 56 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Polyurethane (2020-2028) ($MN)
• 57 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Epoxy (2020-2028) ($MN)
• 58 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Aerogels (2020-2028) ($MN)
• 59 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Synthetic rubber (2020-2028) ($MN)
• 60 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Thermoplastics (2020-2028) ($MN)
• 61 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Other Types (2020-2028) ($MN)
• 62 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Application (2020-2028) ($MN)
• 63 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Oil & Gas Pipeline (2020-2028) ($MN)
• 64 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Equipment (2020-2028) ($MN)
• 65 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Pipe-in-Pipe (2020-2028) ($MN)
• 66 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Field Joints (2020-2028) ($MN)
• 67 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Mechanical Joints (2020-2028) ($MN)
• 68 Asia Pacific Subsea Thermal Insulation Materials Market Outlook, By Other Applications (2020-2028) ($MN)
• 69 South America Subsea Thermal Insulation Materials Market Outlook, By Country (2020-2028) ($MN)
• 70 South America Subsea Thermal Insulation Materials Market Outlook, By Type (2020-2028) ($MN)
• 71 South America Subsea Thermal Insulation Materials Market Outlook, By Polypropylene (2020-2028) ($MN)
• 72 South America Subsea Thermal Insulation Materials Market Outlook, By Silicone Rubber (2020-2028) ($MN)
• 73 South America Subsea Thermal Insulation Materials Market Outlook, By Polyurethane (2020-2028) ($MN)
• 74 South America Subsea Thermal Insulation Materials Market Outlook, By Epoxy (2020-2028) ($MN)
• 75 South America Subsea Thermal Insulation Materials Market Outlook, By Aerogels (2020-2028) ($MN)
• 76 South America Subsea Thermal Insulation Materials Market Outlook, By Synthetic rubber (2020-2028) ($MN)
• 77 South America Subsea Thermal Insulation Materials Market Outlook, By Thermoplastics (2020-2028) ($MN)
• 78 South America Subsea Thermal Insulation Materials Market Outlook, By Other Types (2020-2028) ($MN)
• 79 South America Subsea Thermal Insulation Materials Market Outlook, By Application (2020-2028) ($MN)
• 80 South America Subsea Thermal Insulation Materials Market Outlook, By Oil & Gas Pipeline (2020-2028) ($MN)
• 81 South America Subsea Thermal Insulation Materials Market Outlook, By Equipment (2020-2028) ($MN)
• 82 South America Subsea Thermal Insulation Materials Market Outlook, By Pipe-in-Pipe (2020-2028) ($MN)
• 83 South America Subsea Thermal Insulation Materials Market Outlook, By Field Joints (2020-2028) ($MN)
• 84 South America Subsea Thermal Insulation Materials Market Outlook, By Mechanical Joints (2020-2028) ($MN)
• 85 South America Subsea Thermal Insulation Materials Market Outlook, By Other Applications (2020-2028) ($MN)
• 86 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Country (2020-2028) ($MN)
• 87 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Type (2020-2028) ($MN)
• 88 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Polypropylene (2020-2028) ($MN)
• 89 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Silicone Rubber (2020-2028) ($MN)
• 90 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Polyurethane (2020-2028) ($MN)
• 91 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Epoxy (2020-2028) ($MN)
• 92 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Aerogels (2020-2028) ($MN)
• 93 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Synthetic rubber (2020-2028) ($MN)
• 94 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Thermoplastics (2020-2028) ($MN)
• 95 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Other Types (2020-2028) ($MN)
• 96 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Application (2020-2028) ($MN)
• 97 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Oil & Gas Pipeline (2020-2028) ($MN)
• 98 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Equipment (2020-2028) ($MN)
• 99 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Pipe-in-Pipe (2020-2028) ($MN)
• 100 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Field Joints (2020-2028) ($MN)
• 101 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Mechanical Joints (2020-2028) ($MN)
• 102 Middle East & Africa Subsea Thermal Insulation Materials Market Outlook, By Other Applications (2020-2028) ($MN)

According to Stratistics MRC, the Global Subsea Thermal Insulation Materials Market is accounted for $314.42 million in 2022 and is expected to reach $446.02 million by 2028 growing at a CAGR of 6% during the forecast period. Urethane foam-based subsea thermal insulation materials are frequently employed in deep water applications due to their range of qualities, including durability, high adhesion, and impact resistance. Materials that provide thermal insulation below the surface guard against the chill of deep immersion. Mineral wool is also utilised in subsea pipes because of its high thermal insulation qualities. Seawater quickly cools down oil in the absence of subsea thermal insulation, making safe flow impossible. Materials for undersea thermal insulation, such as silicone rubber, offer mechanical stability, are incredibly durable, and can withstand high temperatures.

According to the Canadian Association of Petroleum Producers (CAPP), oil and gas companies will invest C$27.3 billion (US$ 21.44 billion) in Canada in 2021. Apart from this, According to Energy Shale Gas Production, the total natural gas production is projected to contribute 30% and more than 75% in Canada & Mexico, respectively by 2040.

Market Dynamics:

Driver:

Increasing amount of underwater projects

The use of subsea thermal insulation materials is being accelerated by the rise in underwater construction projects. Materials for subsea thermal insulation can be used in a variety of applications and are tolerant to a wide range of materials. This is a key factor fueling the expansion of the global market for subsea thermal insulation materials. The international oil and gas industry's revival and the expansion in the number of subsea projects are two of the major forces behind global business.

Restraint:

Volatility in raw material prices

Market expansion may be hampered by material price volatility. A petrochemical product made from crude oil is urethane foam. As a result, changes in crude oil prices may restrict the manufacture of goods that impede modern market expansion. The average oil price surged to $71 per barrel from $54 per barrel, according to the Statics, but then fell to US$64.21 per barrel. The market for subsea thermal insulation materials is suffering from this variability.

Opportunity:

Rising demand from the oil and gas industries

The expanding demand from the oil and gas sectors is the main driver of growth for the market for subsea thermal insulation materials. Deep Ocean and arctic drilling for oil and gas is a requirement for oil exploration businesses. The global market for subsea thermal insulation materials is expanding because there isn't a workable substitute for the existing insulation techniques. To reenergize their present production capacity, businesses concentrate on launching new goods or procedures in the global market; this is anticipated to accelerate the expansion of the global market. The global market may be stimulated in the upcoming years by improved customer service and expanding subsea thermal insulation material applications. They are aggressively working to serve important niche markets and underserved areas in various countries.

Threat:

High cost of silicone materials

The price of this silicone rubber is its main drawback. Compared to most other rubbers on the market, it is pricier. However, as this essay has demonstrated, there is a valid rationale for it. Customer gain so many distinctive qualities with silicone rubber that other rubber cannot match them. Because of their toughness, long shelf life, and all the other incredible benefits mentioned, the initial investment may be slightly higher than with other rubber materials, but the return on investment will be far higher.

COVID-19 Impact

Materials for subsea thermal insulation are frequently employed to increase gas exploration and production. However, the detrimental effect of lockup on fluid transmission is handled more by the commercial expansion of subsea thermal insulation materials. The COVID-19 epidemic slows down the oil supply, which has a very detrimental effect on crude oil prices. The market for subsea thermal insulation materials isn't expanding because of insufficient oil exports and other factors.

The polyurethane segment is expected to be the largest during the forecast period

The polyurethane segment is estimated to have a lucrative growth, due of its ease of application; polyurethane is employed in the wet insulation method. Urethane foam called polyurethane is utilised as an effective insulator because it has a lot of closed, non-connected microcells. Due to its many qualities, including low moisture vapour permeability, excellent resistance to water absorption, exceptional mechanical strength, and low density, polyurethane is frequently utilised in pipeline construction. Oil and gas pipes are coated with polyurethane to protect them and increase their longevity. Polyurethane is widely employed as a subsea thermal insulation material as a result of its high flexibility.

The oil & gas pipeline segment is expected to have the highest CAGR during the forecast period

The oil & gas pipeline segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the rising demand for fluid transportation and offshore exploration. Pipelines in the oil and gas industry have stronger joints because to subsea thermal insulation materials including silicone rubber, aerogel, polyurethane, and others. Thermal conductivity and heat capacity are improved using subsea thermal insulation material. Therefore, it is predicted that rising oil and gas industry investment will increase demand for insulator materials.

Region with highest share:

Middle East & Africa is projected to hold the largest market share during the forecast period owing to the demand for subsea thermal insulation materials in the Middle East and Africa is anticipated to be significantly influenced by rising expenditures on the exploration and development of offshore oilfields in Angola and Nigeria. Due to their well-established offshore oil industries, Nigeria and Angola are among the countries that utilise the most subsea thermal insulation materials.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the rise in interest in deep watering projects for oil and gas exploration. Deep watering operations boost gas output, lower offshore oil and gas costs, and retrieve oil from the surface. Hydrate plug formation is avoided via underwater thermal insulation. As a result, materials for subsea thermal insulation are employed in a variety of processes, including drilling, exploration, gas installation, and oil and gas production.

Key players in the market

Some of the key players profiled in the Subsea Thermal Insulation Materials Market include Balmoral Group, Trelleborg, Benarx, Advanced Insulation Plc, Shawcor Ltd., BASF SE, Cabot Corporation, TechnipFMC plc, Armacell, Aspen Aerogels, Inc., AFGlobal, 3M, Aegion Corporation, Dow, Engineered Syntactic Systems, Huntsman International LLC, Materia Inc., PERMA-PIPE International Holdings Inc., Serimax and Tenaris.

Key Developments:

In October 2022, Cabot Corporation announced the expansion of its Engineered Elastomer Composites (E2C™) product line with the launch of two new products, E2C™ FX9570 and E2C™ EX9620 solutions.

In September 2021, BASF and WPO Polymers cooperate to distribute biopolymer ecovio for certified compostable bags in Spain and Portugal. As part of its growth strategy for its biopolymers business, BASF will cooperate with WPO Polymers to further advance on the fast developing Spanish and Portuguese markets.

Types Covered:

• Polypropylene
• Silicone Rubber
• Polyurethane
• Epoxy
• Aerogels
• Synthetic rubber
• Thermoplastics
• Other Types

Applications Covered:

• Oil & Gas Pipeline
• Equipment
• Pipe-in-Pipe
• Field Joints
• Mechanical Joints
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Subsea Thermal Insulation Materials Market, By Type

• 5.1 Introduction
• 5.2 Polypropylene
• 5.3 Silicone Rubber
• 5.4 Polyurethane
• 5.5 Epoxy
• 5.6 Aerogels
• 5.7 Synthetic rubber
• 5.8 Thermoplastics
• 5.9 Other Types

6 Global Subsea Thermal Insulation Materials Market, By Application

• 6.1 Introduction
• 6.2 Oil & Gas Pipeline
• 6.3 Equipment
• 6.4 Pipe-in-Pipe
• 6.5 Field Joints
• 6.6 Mechanical Joints
• 6.7 Other Applications

7 Global Subsea Thermal Insulation Materials Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 Balmoral Group
• 9.2 Trelleborg
• 9.3 Benarx
• 9.4 Advanced Insulation Plc
• 9.5 Shawcor Ltd.
• 9.6 BASF SE
• 9.7 Cabot Corporation
• 9.8 TechnipFMC plc
• 9.9 Armacell
• 9.10 Aspen Aerogels, Inc.
• 9.11 AFGlobal
• 9.12 3M
• 9.13 Aegion Corporation
• 9.14 Dow
• 9.15 Engineered Syntactic Systems
• 9.16 Huntsman International LLC
• 9.17 Materia Inc.
• 9.18 PERMA-PIPE International Holdings Inc.
• 9.19 Serimax
• 9.20 Tenaris