The global Dissolvable Frac Plugs market was valued at US$ 107.2 million in 2019 and it is expected to reach US$ 160.1 million by the end of 2026, growing at a CAGR of 5.5% during 2021-2026.
The dissolvable frac plug operates like a traditional frac plug and can be set anywhere in the wellbore to isolate individual zones. The dissolvable frac plug is composed of a high-strength metal that degrades completely in wellbore fluids.
The technology of the dissolvable frac plugs is relatively mature. For the dissolvable frac plugs market, the leading players, Schlumberger, Halliburton, BHGE, Innovex respectively account for 13.74%, 12.37%, 10.75%, 8.23% market share in 2019, and the sum of the market share percentage held by the largest number of firms in this industry is less than 50%, which indicate that the dissolvable frac plugs industry is perfectly competitive and is considered low concentration.
Global Dissolvable Frac Plugs Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Dissolvable Frac Plugs Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Schlumberger, Halliburton, BHGE, Innovex, NOV, Magnum Oil Tools, Weatherford, Rubicon Oilfield International, CNPC, Peak Completion and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Small Caliber
- Large Caliber
Segment by Application
- Horizontal Well
- Vertical Well
Table of Content:
1 Dissolvable Frac Plugs Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Dissolvable Frac Plugs Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Dissolvable Frac Plugs Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Erik Brady is a news media and fitness professional with a strong experience in online journalism as well as he is a well-known fitness instructor. He strength includes knowledge of sports, health, yoga, meditation, and proficiency. From a young age, Erik has interest in Football and he is BundesPremierLeague Contributor.