Subsea Thermal Insulation Market Size Detailed Analysis By Types, Application, Production, Competition By Top Players, Market Dynamics, Growth | MRFR

Based on type, the market has been segmented into polyurethane, polypropylene, epoxy, aerogel, phenolic, silicone and others. Polyurethane segment accounted for the largest market share in the global subsea thermal insulation market in 2017 and is expected to grow at a moderate CAGR during the review period, owing to its versatility in application for hot and cold lines, better adhesion to the metal surface, and ease of handling among others. However, with the rising popularity of ultra-deepwater exploration the prevalence of epoxy based insulation is increasing in subsea applications, hence, the epoxy based insulation is expected to grow at a highest CAGR during the forecast period. Based on application, the market has been segmented into pipelines, risers, subsea equipment, field joints and others. Pipelines accounted for the largest market share in 2017 and is expected to maintain its dominance throughout the forecast period. The pipelines are the most integral part in offshor...