Water conducts heat from the diver 25 times better than air, which can lead to hypothermia even in mild water temperatures. Symptoms of hypothermia include impaired judgment and dexterity, which can quickly become deadly in an aquatic environment. In all but the warmest waters, divers need the thermal insulation provided by wetsuits or drysuits.
In the case of a wetsuit, the suit is designed to minimize heat loss. Wetsuits are generally made of neoprene that has small gas cells, generally nitrogen, trapped in it during the manufacturing process. The poor thermal conductivity of this expanded cell neoprene means that wetsuits reduce loss of body heat by conduction to the surrounding water. The neoprene in this case acts as an insulator.
The second way in which wetsuits reduce heat loss is to trap a thin layer of water between the diver's skin and the insulating suit itself. Body heat then heats the trapped water. Provided the wetsuit is reasonably well-sealed at all openings (neck, wrists, legs), this reduces water flow over the surface of the skin, reducing loss of body heat by convection, and therefore keeps the diver warm (this is the principle employed in the use of a "Semi-Dry")
