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The market for subsea thermal insulation materials is projected to grow from close to USD 77 million in 2018 to more than 93 million by 2023, at a CAGR of 4.0% during the forecast period. The study involved four significant activities in estimating the current market size for subsea thermal insulation materials. Exhaustive secondary research was done to collect information on the subsea oil & gas projects and assess the consumption of subsea thermal insulation materials. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through p
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