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Subsea Thermal Insulation Material Market by Type, by Application - Regional Trends & Forecast to 2019

Subsea Thermal Insulation Material Market: Forecast until 2019

  • March 2015
  • 174 pages
  • ID: 2842394
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The Subsea thermal insulation materials market is expected to register a compound annual growth rate (CAGR) of ~4.8 percent between 2014 and 2019 to reach ~$142.3M by 2019. Europe (EU) was projected to hold the biggest share in 2013 with the U.S. being the leading country. In the less explored industries of Middle East & African continent, and Latin America area, a high increase is expected while the highly developed North American area is predicted to show lowest rise. Increase in the North American area is forecast to be from the growing focus on deeper drilling operations

The main players in the Subsea thermal insulation materials sectors are divided into three groups: manufacturers, service firms, and providers/distributors. BASF SE, Dow Corning, and so on are the main Subsea thermal insulation materials manufacturers because Trelleborg AB, ShawCor LTD, and so on, are the main service firms in this sector. These firms showed significant presence amongst other actors in the fragmented overall subsea thermal insulation materials market.

New product improvement was the most preferred strategy among the key competitors in the subsea thermal insulation materials market, globally. The top players are attempting to develop recent products which may show better mechanical properties, to add to their existing production capacities in order to better cater to the continuously increasing application areas and hence demand for the subsea thermal insulation materials.

Many firms, offering Subsea thermal insulation materials, are actively trying to growth their product portfolio and regional presence to cater to distinct regional industries. They are primarily focused on entering the less explored sectors in the developing regions.

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