Latest industry research report on Coiled Tubes Market. Coiled tubes are made up of very low-alloy carbon-steel and is needed in oil & gas industry during the phase of completion and oil recovery. With a large number of oil fields maturing, global production of oil volumes has decreased, companies in the exploration process need high-performing products. With growing investments in the energy sector, coiled tubing has large application in project related to shale gas development.
Increasing oil & gas exploration and production activities, maturing oil fields and geo-political factors are key factors responsible for the growth of the European coiled tubing market.
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Decrease in crude oil prices, strict government policies & environmental regulations, and intense market competition may hamper the growth of the Europe coiled tubing market. The European coiled tubing market is expected to gain traction across Russia.
The market is segmented on the basis of types, application and geography.
Market – By Service
Market – By Application
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