Zion Market Research Global Coiled Tubing Market, 2016–2024 | Page 2

Coiled Tubing Market
Global Coiled Tubing Market: Overview
The coiled tubes are mainly used in the oil and gas industries. These tubes are used for the
upstream activities. They are long coiled tubular products used for proper oil and gas
operations and also to carry out operations similar to wireline. The use of these tubes in the
oil and gas industry is mainly due to its low maintenance, well-contained pressure, and rapid
trip times. The coiled tubes have a number of applications such as use for de liquefication,
circulation, pumping of sand screens or cement perforations, logging, perforations,
productions, and coiled tubing drilling. It is a cheaper version of work operations.
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tubing-market
Global Coiled Tubing Market: Growth Factors
The major factors that influence the global coiled tubing market are the increasing growth in
the energy sector and higher investments in the shale gas developments. The increasing
investments in the E&P industries also boost the global market. The advancements in the
deep-water drilling and offshore markets increase the coiled tube use, which in turn fuels
the coiled tubing market growth. The other factors that propel the global market are the
rising demand for renewable resources, augmented exploration, production, and completion