Astute Analytica published a new report titled, Global Coiled Tubing Market Analysis, Trends, Drivers and Growth Forecast to 2027.
The Global Coiled Tubing Market size was US$ million in 2021 and is forecast to reach US$ million by 2027, growing at a CAGR of 5.6% from 2021 to 2027.
The research provides in-depth details on the major players in the Global Coiled Tubing Market, together with their financials, strategies, acquisitions, mergers, and market shares.
In-depth analysis, Global Coiled Tubing Market revenue information, and other significant data are also included in this research regarding the global market and its numerous trends, drivers, restraints, market opportunities, and threats through 2030.
The producing situation in a competitive market (2022–30): The top manufacturers control the majority of output and market share. The report includes information about the Competitive Market Situation and Trends, Sales Area, Average Sales Price, Product Category, Manufacturer Revenue, Market Share, Industrial Base Distribution of Manufacturers, and Market Growth Rate.
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Segmentation Overview
The global coiled tubing market has been segmented based on services, applications, and regions. These major segments are further categorized into sub-segments to study the market in detail.
By Services:
- Well Cleaning
- Well Intervention
- Well Completion
- Logging
- Fishing
- Perforation
- Others
- Pumping and Mechanical Operation
- Drilling Services
- Directional Drilling
- Managed Pressure Drilling
- Others
By Application:
- Onshore
- Offshore
By Region:
- North America
- Europe
- Asia Pacific
- Middle East Africa
- South America
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Key Players
- Altus Intervention
- Baker Hughes Company
- Calfrac Well Services Ltd.
- CJ Energy Services Inc.
- Halliburton
- Nabors Industries Ltd.
- National Energy Services Reunited
- NexTier Oilfield Solution
- RPC Inc.
- Schlumberger Limited
- Superior Energy Services
- Trican
- Weatherford
Impact Analysis of COVID-19:
Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies’ stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.
Regional Insights:
As economies reopen and countries are lifting limitations, the US chemical industry is forecast for a significant recovery in 2022, which could boost plant utilization rates that were affected hard by the pandemic. In the United States, industrial production is forecast to increase by 5.5 percent in 2021 and 4.3 percent in 2022. Chemical volumes in the United States are forecast to rise 1.5 % in 2021 and 3.0% in 2022, while shipments to rise 8.0 % in 2021 and 2022, following a 13.5% drop in 2020.
The Asia Pacific region size value was 36.0% market share, maintaining the largest market share across all regions. As a result of the existence of critical developing economies such as China, India, and Japan in this region, recording the largest market share in the market. Paints and coatings, water treatment, personal care ingredients and cosmetics, electronics, agriculture, and other sectors employ chemicals throughout the Asia-Pacific area. For foreign investors, these places provide excellent investment options. China was the largest specialty chemical market in Asia in 2019, accounting for about 38.9% of the global market. India came in second with a 23.1% share of the total market.
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