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BUSINESS: Global Subsea Thermal Insulation Material Market (2021 To 2026) – Growth, Trends, COVID-19 Impact And Forecasts – ResearchAndMarkets.com

business:-global-subsea-thermal-insulation-material-market-(2021-to-2026)-–-growth,-trends,-covid-19-impact-and-forecasts-–-researchandmarkets.com
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By Daniel Webster, dWeb.News Publisher

DUBLIN–(BUSINESS WIRE)–The “Subsea Thermal Insulation Material Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The market for subsea thermal insulation material is expected to witness a CAGR of approximately 5%, globally, during the forecast period.

Companies Mentioned

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

Key Market Trends

Polyurethane Type to Dominate the Market

  • In between the shutdown and restart period, the subsea pipeline experiences the most severe flow assurance problem, due to flow stagnation and rapid heat loss. Clogs occur when the subsea pipe temperature drops to below the wax appearance temperature and hydrate appearance temperatures (HAT).
  • In some circumstances, clogging can affect well productivity during restart conditions and, in the worst case, the well should be abandoned. Thermal insulation of the subsea pipe is essential to preserve the integrity of the pipeline flow during shutdown.

  • At present, there is no standard or easily accessible method to choose the best thermal insulation for subsea pipes for flow assurance. However, materials such as polyurethane and polypropylene are widely used.
  • The most popular one is polyurethane, mainly because it has a low K-value (W/m). K is a comparison to other materials. The material’s ability to conduct heat and transfer heat is affected by its k-value. The k-value of polyurethane is 0. 13 to 0. 17, polypropylene, on the other hand, has a range of about 0.21-0. 26 of K-value, rubber exhibits K-value range of 0.14-0. 28 and epoxy about 0.14-0.17.
  • The broad range of density, flame resistance and smooth surface that polyurethane exhibits make it the most popular material for subsea heating insulation.

North America to be the Fastest Growing Region

  • The United States has the largest share of announced and planned oil and gas trunk pipelines between 2019 to 2023. The country announced that 27,000 kilometers of pipeline and 18,500 kilometers of pipelines are still in the planning phase.
  • North America’s natural gas production increased by 9.8% in 2018 when compared to 2017, which was the highest in the world.
  • The United States was the leader in natural gas production with 715 million metric tons of oil equivalent around the world, while Canada was fourth, with approximately 159 million metric ton, in 2018.
  • North America also came second, in terms of oil production worldwide, from 2009 to 2018, with a share of 23.8%, with the highest being the Middle East with a share of 33.5%, globally.
  • Crude oil production in Canada has been increasing year on year, in 2016 it was 218 million metric ton, in 2017, it increased to 235 million metric ton, and reached 255 million metric ton in 2018.
  • The market is expected to be dominated by North America in the near future, with increasing pipeline construction and increased production.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Increasing Oil and Gas Production in North America

4.2 Restraints

4.2.1 Volatile Prices of Oil and Gas

4.3 Industry Value Chain Analysis

4.4 Porter’s Five Force Analysis

5 MARKET SEGMENTATION

5.1 Type

5.2 Application

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Development of Long Distance Oil and Gas Transmission Lines

For more information about this report visit https://www.researchandmarkets.com/r/sr58kd

More dWeb.News Business News at https://dweb.news/news-sections/business-news/

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