Vacuum Insulated Tubing Market Analysis 2024-2029: A Highly Consolidated Industry with Majority of Regional and Domestic Players Catering to Domestic and International Demand [Yahoo! Finan...
VALLOUREC SA SP/ADR (VLOWY)
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Source: Yahoo! Finance
Application, Region Size, Trends and Forecast up to 2029" report has been added to ResearchAndMarkets.com's offering. The global VIT market value stood at US$42.51 million in 2023, and is expected to reach US$65.46 million by 2029. The market is expected to grow at a CAGR of 7.46% over the projected period of 2024-2029. The global vacuum insulated tubing market is highly consolidated with majority of regional and domestic players catering to domestic and international demand. Leading companies in the market hold significant share due to their advanced technology, extensive distribution networks, and strong customer bases. The vacuum insulated tubing (VIT) market encompasses activities associated with development, manufacturing, distribution, and application of advanced tubing systems designed to provide superior thermal insulation in demanding environments, particularly within oil & gas industry. Increasing number of companies are investing heavily in research and development
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