Subsea Thermal Insulation Materials Market

Subsea Thermal Insulation Materials Market Forecast and Outlook 2025 to 2035

The global subsea thermal insulation materials market is projected to grow from USD 326.0 million in 2025 to approximately USD 482.0 million by 2035, recording an absolute increase of USD 156.0 million over the forecast period.This translates into a total growth of 47.9%, with the market forecast to expand at a compound annual growth rate (CAGR) of 4.0% between 2025 and 2035. The overall market size is expected to grow by nearly 1.5X during the same period, supported by increasing demand for deepwater oil and gas exploration, rising adoption of subsea pipeline infrastructure, and growing emphasis on thermal management efficiency across global offshore operations.

Quick Stats for Subsea Thermal Insulation Materials Market

• Subsea Thermal Insulation Materials Market Value (2025): USD 326.0 million
• Subsea Thermal Insulation Materials Market Forecast Value (2035): USD 482.0 million
• Subsea Thermal Insulation Materials Market Forecast CAGR: 4.0%
• Leading Type in Subsea Thermal Insulation Materials Market: Polyurethane (42.5%)
• Key Growth Regions in Subsea Thermal Insulation Materials Market: Europe, Asia Pacific, and Latin America
• Key Players in Subsea Thermal Insulation Materials Market: Trelleborg, Advanced Insulation Plc, Cabot Corporation, Shawcor Ltd., BASF SE, Benarx, Armacell, Balmoral Group, TechnipFMC plc, Aspen Aerogels, Inc.

Polyurethane accounts for 42.5% of the market due to superior thermal insulation characteristics and proven operational efficiency in deepwater pipeline applications. Within this segment, polypropylene represents 33.0% share, reflecting operator preference for mechanical strength capabilities and cost-effectiveness in subsea flow assurance operations. However, adoption of aerogel technology remains notable at 5.0% market share in applications where ultra-low thermal conductivity, extreme temperature resistance, and weight reduction considerations are prioritized, particularly in deepwater field development and harsh environment installations where proven performance offsets cost considerations. Advances in material formulation systems, coating technologies, and installation methodologies are improving thermal performance and structural integrity across subsea networks.

Application dynamics reveal pipe-in-pipe systems commanding 53.0% market share, driven by intensive deepwater development programs and flow assurance integration requirements. Pipe cover applications represent 18.0% of total demand, highlighting the critical role of thermal insulation in managing heat retention and hydrate prevention requirements during production phases. Equipment insulation accounts for 12.0% and field joints 10.0%, with each segment demonstrating distinct temperature management requirements and installation infrastructure considerations. Material segmentation shows polyurethane maintaining dominant positioning at 42.5% share within thermal insulation categories, valued for processing versatility and performance characteristics in offshore environments.

Regionally, offshore development activity accelerates growth, with Angola (5.0% CAGR) and Russia (4.6% CAGR) driven by rapid Arctic offshore expansion, deepwater exploration modernization, and government-backed energy security initiatives across expanding subsea infrastructure sectors. Norway demonstrates strong momentum at 4.5% CAGR, supported by Arctic offshore investment programs and regulatory compliance advancement in subsea projects. More mature markets such as China (4.1% CAGR), Brazil (3.9% CAGR), USA (3.8% CAGR), and UK (3.6% CAGR) show steady replacement-driven demand tied to offshore field development cycles, flow assurance optimization mandates, and subsea pipeline deployment programs in established oil and gas networks.

Between 2025 and 2030, the subsea thermal insulation materials market is projected to expand from USD 326.0 million to USD 404.0 million, resulting in a value increase of USD 78.0 million, which represents 50.0% of the total forecast growth for the decade. This phase of development will be shaped by rising demand for deepwater field development, increasing applications in subsea pipeline systems, and growing penetration in offshore flow assurance solutions. Oil and gas operators are expanding their thermal insulation capabilities to address the growing demand for temperature control and hydrate prevention systems in various subsea applications and operational categories.

From 2030 to 2035, the market is forecast to grow from USD 404.0 million to USD 482.0 million, adding another USD 78.0 million, which constitutes 50.0% of the overall ten-year expansion. This period is expected to be characterized by the expansion of Arctic offshore development, the integration of innovative material technologies, and the development of specialized formulations for specific deepwater segments. The growing adoption of flow assurance standards and subsea infrastructure modernization mandates will drive demand for ultra-high performance thermal insulation material systems with enhanced thermal efficiency specifications and consistent operational characteristics.

Subsea Thermal Insulation Materials Market Key Takeaways

Metric	Value
Estimated Value in (2025E)	USD 326.0 million
Forecast Value in (2035F)	USD 482.0 million
Forecast CAGR (2025 to 2035)	4.0%

Why is the Subsea Thermal Insulation Materials Market Growing?

Market expansion is being supported by the increasing demand for deepwater oil and gas solutions and the corresponding need for high-quality subsea thermal insulation materials in pipeline applications across global offshore operations. Modern subsea operators are increasingly focused on advanced insulation systems that can improve flow assurance, prevent hydrate formation, and enhance operational reliability while meeting stringent performance requirements. The proven efficacy of subsea thermal insulation materials in various offshore applications makes them an essential component of comprehensive field development strategies and production optimization programs.

The growing emphasis on flow assurance and thermal management optimization is driving demand for ultra-efficient subsea thermal insulation materials that meet stringent performance specifications and operational requirements for offshore applications. Subsea operators' preference for reliable, high-performance insulation systems that can ensure consistent operational outcomes is creating opportunities for innovative material formulations and customized installation solutions. The rising influence of deepwater development initiatives and thermal efficiency protocols is also contributing to increased adoption of premium-grade subsea thermal insulation materials across different offshore applications and pipeline systems requiring advanced insulation technology.

Opportunity Pathways - Subsea Thermal Insulation Materials Market

The subsea thermal insulation materials market represents a specialized growth opportunity, expanding from USD 326.0 million in 2025 to USD 482.0 million by 2035 at a 4.0% CAGR. As subsea operators prioritize operational efficiency, flow assurance, and system performance in complex deepwater processes, subsea thermal insulation material systems have evolved from a conventional pipeline component to an essential technology enabling temperature control, hydrate prevention, and multi-stage production operations across offshore networks and specialized subsea applications.

The convergence of deepwater exploration expansion, increasing flow assurance requirements, Arctic offshore development, and subsea infrastructure mandates creates momentum in demand. High-quality formulations offering superior thermal performance, cost-effective material systems balancing functionality with economics, and specialized variants for harsh environment applications will capture market premiums, while geographic expansion into high-growth offshore exploration markets and emerging field development penetration will drive volume leadership. Subsea operator emphasis on operational reliability and thermal efficiency provides structural support.

Segmental Analysis

The market is segmented by type, application, and region. By type, the market is divided into polyurethane, polypropylene, silicone rubber, epoxy, aerogel, and others. Based on application, the market is categorized into pipe-in-pipe, pipe cover, equipment, field joints, and others. Regionally, the market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.

By Type, How is Polyurethane Segment Driving Market Leadership?

The polyurethane segment is projected to account for 42.5% of the subsea thermal insulation materials market in 2025, reaffirming its position as the category's dominant material type. Subsea operators increasingly recognize the optimal balance of thermal efficiency and processing versatility offered by polyurethane for most offshore applications, particularly in deepwater pipeline and flow assurance systems. Within the polyurethane segment, polypropylene represents 33.0% share, highlighting the material's critical role in mechanical strength applications. This material addresses both thermal insulation requirements and structural considerations while providing reliable performance across diverse subsea applications.

This material forms the foundation of most infrastructure development protocols for subsea insulation, as it represents the most widely accepted and commercially viable thermal insulation technology in the offshore oil and gas industry. Performance validation standards and extensive operational testing continue to strengthen confidence in polyurethane insulation systems among subsea operators and field developers. With increasing recognition of the flow assurance and temperature control requirements in subsea operations, polyurethane insulation systems align with both infrastructure modernization and operational goals, making them the central growth driver of comprehensive deepwater strategies.

By Application, Why Does Pipe-in-Pipe Segment Command Majority Market Share?

Pipe-in-pipe application is projected to represent 53.0% of subsea thermal insulation materials demand in 2025, underscoring its role as the primary application segment driving market adoption and growth. Subsea operators recognize that deepwater pipeline requirements, including flow assurance, thermal retention, and hydrate prevention, often require specialized insulation solutions that conventional pipeline systems cannot adequately provide. Within pipe-in-pipe application, pipe cover demand accounts for 18.0% share, reflecting the segment's importance in subsea infrastructure operations. Subsea thermal insulation materials offer enhanced thermal efficiency and operational optimization in pipe-in-pipe applications.

The segment is supported by the growing nature of deepwater field development, requiring sophisticated insulation systems, and the increasing recognition that specialized thermal solutions can improve flow assurance and production outcomes. Additionally, operators are increasingly adopting evidence-based engineering guidelines that recommend specific insulation technologies for optimal performance outcomes. As understanding of thermal management advances and operational requirements become more stringent, subsea thermal insulation materials will continue to play a crucial role in comprehensive flow assurance strategies within the pipe-in-pipe market.

What are the Drivers, Restraints, and Key Trends of the Subsea Thermal Insulation Materials Market?

The subsea thermal insulation materials market is advancing steadily due to increasing recognition of flow assurance's importance and growing demand for efficient thermal management systems across the offshore oil and gas sector. However, the market faces challenges, including material technology cost considerations, potential for installation complexity under deepwater conditions, and concerns about long-term performance degradation for specialized subsea applications. Innovation in material chemistries and customized installation protocols continues to influence product development and market expansion patterns.

Expansion of Deepwater Development Programs and Flow Assurance Technologies

The growing adoption of deepwater exploration initiatives is enabling the development of more sophisticated subsea thermal insulation material applications and thermal management systems that can meet stringent operational requirements. Offshore field operators offer comprehensive demand for subsea thermal insulation materials, including high-performance and specialized formulations that are particularly important for achieving flow assurance requirements in subsea applications. Advanced insulation technologies provide access to low thermal conductivity systems that can optimize production performance and prevent hydrate concerns while maintaining cost-effectiveness for large-scale offshore operations.

Integration of Arctic Offshore Mandates and Subsea Pipeline Systems

Modern energy organizations are incorporating offshore technologies such as deepwater pipeline systems, flow assurance monitoring, and temperature control integration to enhance subsea thermal insulation material deployment and operational efficiency. These systems improve thermal retention, enable continuous performance optimization, and provide better coordination between insulation systems and production requirements throughout the operational cycle. Advanced thermal management capabilities also enable customized material selection and early identification of insulation degradation or performance issues, supporting reliable operational efficiency.

Analysis of the Subsea Thermal Insulation Materials Market by Key Countries

Country	CAGR (2025-2035)
Angola	5.0%
Russia	4.6%
Norway	4.5%
China	4.1%
Brazil	3.9%
USA	3.8%
UK	3.6%

The subsea thermal insulation materials market is experiencing varied growth globally, with Angola leading at a 5.0% CAGR through 2035, driven by rapid subsea oil sector expansion and offshore pipeline infrastructure development across major deepwater fields. Russia follows at 4.6%, supported by Arctic offshore expansion initiatives and expanding subsea pipeline systems.

Norway records 4.5% growth, with Arctic offshore investment and regulatory compliance gaining momentum in deepwater projects. China shows 4.1% growth, representing rising offshore exploration and energy security initiatives.

Brazil demonstrates 3.9% growth, emphasizing deepwater field development in Campos and Santos basins. USA records 3.8% growth with significant Gulf of Mexico offshore activity, while UK shows 3.6% growth, representing steady North Sea oilfield maintenance and infrastructure upgrades in established offshore networks.

Angola Demonstrates Growing Market Potential with Subsea Oil Sector Leadership

Revenue from subsea thermal insulation materials in Angola is projected to exhibit robust growth with a CAGR of 5.0% through 2035, driven by ongoing subsea oil sector expansion and increasing recognition of thermal insulation technology as an essential component for offshore field development. The country's expanding deepwater exploration requirements and growing availability of specialized offshore infrastructure are creating significant opportunities for subsea thermal insulation material adoption across both domestic subsea systems and international oil company facilities. Major international and regional material suppliers are establishing comprehensive distribution and service networks to serve the growing population of offshore operators and field developers requiring high-performance subsea thermal insulation materials across deepwater and subsea applications throughout Angola's major offshore basins.

The Angolan government's strategic emphasis on offshore oil development and subsea infrastructure expansion is driving substantial investments in specialized insulation technology capabilities. This policy support, combined with the country's significant offshore oil reserves and expanding deepwater production requirements, creates a favorable environment for subsea thermal insulation material market development. Angolan offshore operators are increasingly focusing on flow assurance technologies to improve production capabilities, with subsea thermal insulation materials representing a key component in this field development transformation.

• Government initiatives supporting offshore oil development and subsea infrastructure expansion are driving demand for high-quality subsea thermal insulation materials.
• Infrastructure capacity expansion and deepwater field development are supporting appropriate utilization of subsea thermal insulation materials among operators and offshore facilities nationwide.
• Subsea field developers and international oil companies are increasingly integrating advanced insulation systems into pipeline infrastructure, creating new operational capabilities.
• Rising offshore investment and growing focus on production optimization are accelerating insulation technology adoption.

Russia Demonstrates Exceptional Market Potential with Arctic Offshore Growth

Revenue from subsea thermal insulation materials in Russia is expanding at a CAGR of 4.6%, supported by increasing Arctic offshore expansion, growing subsea pipeline development, and advancing insulation technology presence across the country's major offshore corridors. The country's massive Arctic oil and gas sector and increasing recognition of thermal management systems are driving demand for efficient insulation solutions in both deepwater field and harsh environment applications. International material companies and domestic manufacturers are establishing comprehensive supply channels to serve the growing demand for quality subsea thermal insulation materials while supporting the country's position as an Arctic energy development leader.

Russia's offshore sector continues to benefit from favorable government policies, expanding Arctic development capabilities, and strategic energy infrastructure development. The country's focus on becoming a global Arctic energy leader is driving investments in specialized insulation technology and offshore infrastructure. This development is particularly important for subsea thermal insulation material applications, as operators seek reliable domestic sources for critical flow assurance components to reduce import dependency and improve supply chain security.

• Rising focus on Arctic development and improving insulation technology capabilities are creating opportunities for specialized subsea thermal insulation materials.
• Growing offshore infrastructure development and subsea pipeline adoption are supporting increased access to high-quality subsea thermal insulation materials among organizations.
• Expanding Arctic offshore projects and deepwater systems are driving innovative applications of subsea thermal insulation materials in oil production and pipeline operations.
• Manufacturing capacity expansion is enabling domestic production of advanced insulation technologies, supporting market growth and technology transfer.

Norway Maintains Arctic Offshore Development Leadership

Revenue from subsea thermal insulation materials in Norway is projected to exhibit strong growth with a CAGR of 4.5% through 2035, driven by Arctic offshore investment momentum and regulatory compliance capabilities. The country's established offshore infrastructure programs and growing technical expertise are creating significant opportunities for subsea thermal insulation material adoption across both domestic and regional markets. Norwegian offshore operators are leveraging their field development initiatives to serve the growing demand for efficient insulation systems while supporting the country's position as an Arctic offshore technology leader. The Norwegian market benefits from favorable offshore investment programs, expanding deepwater capabilities, and stringent regulatory compliance systems. This development is particularly important for subsea thermal insulation material applications, as operators seek reliable regional sources for thermal management systems to maintain operational advantages in Arctic and North Sea markets.

Strategic Market Considerations:

• Deepwater and Arctic offshore segments leading growth with focus on flow assurance and thermal optimization applications
• Regional infrastructure requirements are driving a diverse product portfolio from standard insulation systems to advanced material platforms
• Arctic development advantages supporting competitive positioning in European offshore markets
• Government regulatory initiatives beginning to influence technology standards and operational requirements

China Maintains Offshore Exploration Leadership

China's expanding offshore market demonstrates growing insulation deployment with documented subsea thermal insulation material effectiveness in deepwater pipeline applications and subsea production systems through integration with existing offshore infrastructure and operational systems. The country leverages technical expertise in offshore engineering and field development to maintain a 4.1% CAGR through 2035. Offshore production facilities, including major subsea field installations, showcase advancing insulation installations where subsea thermal insulation material systems integrate with comprehensive flow assurance platforms and operational control systems to optimize thermal efficiency and production effectiveness.

Chinese offshore operators prioritize energy security and production optimization in field development, creating demand for reliable subsea thermal insulation materials with proven features, including performance validation and integration with Chinese offshore standards. The market benefits from expanding offshore infrastructure and willingness to invest in insulation systems that provide long-term operational benefits and compliance with production requirements.

Strategic Market Considerations:

• Offshore exploration and subsea pipeline systems leading growth with focus on energy security and production optimization applications
• Regional operational requirements are driving a diverse product portfolio from basic insulation systems to advanced thermal management platforms
• Technology development challenges offset by domestic material manufacturing partnerships and research initiatives
• Government energy security initiatives beginning to influence procurement standards and operational requirements

Brazil Shows Strong Deepwater Leadership

Brazil's market expansion benefits from diverse offshore demand, including deepwater field development programs and subsea production projects that increasingly incorporate subsea thermal insulation material solutions for flow assurance enhancement applications. The country maintains a 3.9% CAGR through 2035, driven by rising offshore production and increasing recognition of thermal insulation benefits, including superior flow assurance capabilities and reduced operational complexity.

Market dynamics focus on cost-effective subsea thermal insulation materials that balance advanced performance features with affordability considerations important to Brazilian offshore operators. Growing deepwater infrastructure development creates demand for advanced insulation systems in new subsea projects and pipeline infrastructure projects.

Strategic Market Considerations:

• Deepwater and subsea production segments leading growth with focus on flow assurance and operational efficiency applications
• Regional operational requirements are driving a diverse product portfolio from standard insulation systems to advanced thermal management platforms
• Technology development challenges offset by potential partnerships with international material manufacturers
• Government offshore development initiatives beginning to influence procurement standards and operational requirements

USA Demonstrates Offshore Technology Excellence

USA's market expansion benefits from diverse offshore demand, including Gulf of Mexico development and subsea infrastructure programs. The country maintains a 3.8% CAGR through 2035, driven by rising deepwater activity and increasing preference for polyurethane insulation technology through specialized offshore infrastructure channels. The market prioritizes advanced performance features, including thermal efficiency monitoring and integration with comprehensive flow assurance platforms that reflect US offshore expectations for operational excellence and production optimization.

American offshore operators focus on flow assurance in field development, creating demand for premium subsea thermal insulation materials with advanced features including performance validation and comprehensive technical support. The market benefits from established offshore infrastructure and investment in thermal management technology that provides long-term operational benefits.

Strategic Market Considerations:

• Gulf of Mexico and deepwater development segments leading growth with focus on flow assurance and operational efficiency applications
• Regional operational requirements are driving a diverse product portfolio from standard insulation systems to advanced thermal management platforms
• Technology development challenges offset by potential partnerships with domestic material suppliers
• Government offshore safety initiatives beginning to influence procurement standards and operational requirements

UK Emphasizes North Sea Operational Excellence

UK demonstrates steady market development with a 3.6% CAGR through 2035, distinguished by operators' preference for high-quality subsea thermal insulation materials that integrate seamlessly with existing offshore systems and provide reliable operational performance in specialized applications. The market prioritizes advanced features, including precision thermal control, performance validation, and integration with comprehensive offshore platforms that reflect UK expectations for technology sophistication and operational excellence.

UK offshore operators focus on system reliability and flow assurance in field development, creating demand for premium subsea thermal insulation materials with advanced features including automated performance monitoring and comprehensive operational support. The market benefits from established North Sea infrastructure and investment in efficiency optimization technology that provides long-term operational benefits.

Strategic Market Indicators:

• North Sea maintenance and infrastructure upgrades focus on reliable insulation systems with advanced thermal profiles and high-durability capabilities
• Integration requirements with existing operational management systems and offshore platforms
• Emphasis on subsea thermal insulation material reliability and long-term operational performance in mature offshore applications

Europe Market Split by Country

The subsea thermal insulation materials market in Europe is projected to grow from USD 98.4 million in 2025 to USD 145.2 million by 2035, registering a CAGR of 4.0% over the forecast period. Norway is expected to maintain its leadership position with a 35.8% market share in 2025, rising to 37.2% by 2035, supported by its advanced Arctic offshore infrastructure, comprehensive deepwater development programs, and strong regulatory compliance initiatives throughout major subsea corridors.

The UK follows with a 28.4% share in 2025, projected to reach 29.1% by 2035, driven by North Sea field maintenance protocols, subsea infrastructure modernization, and established offshore production systems serving both domestic and international operations. Russia holds a 19.7% share in 2025, expected to increase to 20.6% by 2035, supported by Arctic offshore expansion and growing adoption of thermal insulation technologies. Denmark commands a 8.6% share in 2025, projected to reach 8.9% by 2035, while the Netherlands accounts for 5.2% in 2025, expected to reach 5.4% by 2035. The Rest of Europe region, including Nordic countries and smaller offshore markets, is anticipated to hold 2.3% in 2025, declining slightly to 1.2% by 2035, attributed to market consolidation toward larger core markets with established offshore infrastructure and subsea technology capabilities.

Competitive Landscape of the Subsea Thermal Insulation Materials Market

The subsea thermal insulation materials market is characterized by competition among established material manufacturers, offshore service providers, and thermal management specialists focused on delivering high-quality, reliable, and operationally optimized subsea thermal insulation materials.

Companies are investing in material technology advancement, quality control enhancement, strategic offshore operator partnerships, and technical support services to deliver effective, efficient, and reliable insulation solutions that meet stringent subsea operational and safety requirements. Performance standardization, thermal efficiency validation protocols, and supply chain optimization strategies are central to strengthening product portfolios and market presence.

Trelleborg leads the market with a 14.0% market share, offering comprehensive high-quality subsea thermal insulation materials with a focus on operational reliability and thermal efficiency for offshore applications.

Advanced Insulation Plc provides specialized material solutions with emphasis on deepwater subsea applications and comprehensive technical support services. Cabot Corporation focuses on advanced aerogel technologies and customized thermal formulations for subsea systems serving international markets. Shawcor Ltd. delivers integrated pipeline solutions with strong installation capabilities and operator-focused expertise.

BASF SE operates with a focus on bringing innovative polyurethane technologies to specialized subsea applications and emerging offshore markets. Benarx provides comprehensive insulation portfolios, including premium thermal management materials, across multiple subsea applications and operational requirements. Armacell specializes in advanced insulation systems and material solutions for offshore applications with emphasis on performance optimization.

Balmoral Group provides reliable material production and technical expertise to enhance market accessibility and operator access to essential subsea thermal insulation materials. TechnipFMC plc, Aspen Aerogels, Inc. focus on specialized subsea insulation solutions and premium product offerings for high-performance offshore applications, emphasizing quality differentiation and technical innovation through advanced engineering strategies.

Key Players in the Subsea Thermal Insulation Materials Market

• Trelleborg AB
• Advanced Insulation plc
• Cabot Corporation
• Shawcor Ltd.
• BASF SE
• Benarx (Benarx Solutions AS)
• Armacell International S.A.
• Balmoral Group Ltd.
• TechnipFMC plc
• Aspen Aerogels, Inc.

Scope of the Report

Items	Values
Quantitative Units (2025)	USD 326.0 Million
Type	Polyurethane, Polypropylene, Silicone Rubber, Epoxy, Aerogel, Others
Application	Pipe-in-Pipe, Pipe Cover, Equipment, Field Joints, Others
Regions Covered	North America, Europe, Asia Pacific, Latin America, MEA
Countries Covered	USA, UK, Norway, Russia, China, Angola, Brazil and 40+ countries
Key Companies Profiled	Trelleborg, Advanced Insulation Plc, Cabot Corporation, Shawcor Ltd., BASF SE, Benarx, Armacell, Balmoral Group, TechnipFMC plc, and Aspen Aerogels, Inc.
Additional Attributes	Dollar sales by type, application, and region, regional demand trends, competitive landscape, operator preferences for specific subsea thermal insulation material formulations, integration with subsea pipeline systems, innovations in material technologies, thermal performance monitoring, and flow assurance optimization

Subsea Thermal Insulation Materials Market by Segments

• Type :

  • Polyurethane
  • Polypropylene
  • Silicone Rubber
  • Epoxy
  • Aerogel
  • Others

• Application :

  • Pipe-in-Pipe
  • Pipe Cover
  • Equipment
  • Field Joints
  • Others

• Region :

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Norway
    • UK
    • Russia
    • Denmark
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Chile
    • Rest of Latin America
  • MEA
    • Kingdom of Saudi Arabia
    • Other GCC Countries
    • Turkey
    • South Africa
    • Angola
    • Other African Countries
    • Rest of MEA