Dissolvable Frac Plug Trends and Forecast
The future of the global dissolvable frac plug market looks promising with opportunities in the onshore and offshore markets. The global dissolvable frac plug market is expected to reach an estimated $0.3 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are significantly growing oil and gas industry, increasing number of frac stages per well, and rapid adoption of multi-stage fracturing in the oil and gas industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Dissolvable Frac Plug by Segment
The study includes a forecast for the global dissolvable frac plug by material type, well type, application, and region.
Dissolvable Frac Plug Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:
• Polyglycolic Acid Plugs
• Magnesium Alloy Plugs
Dissolvable Frac Plug Market by Well Type [Shipment Analysis by Value from 2018 to 2030]:
• Horizontal Wells
• Vertical Wells
Dissolvable Frac Plug Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Onshore
• Offshore
Dissolvable Frac Plug Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Dissolvable Frac Plug Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies dissolvable frac plug companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the dissolvable frac plug companies profiled in this report include-
• Halliburton
• Schlumberger
• Nine Energy Service
• NCS Multistage
• NexTier Oilfield Solutions
• KLX Energy Services
• Innovex Downhole Solutions
• Weatherford International
• Baker Hughes
• Downhole Technology
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Dissolvable Frac Plug Market Insights
Lucintel forecasts that polyglycolic acid plug is expected to witness the higher growth over the forecast period.
Within this market, onshore is expected to witness the higher growth.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Dissolvable Frac Plug Market
Market Size Estimates: Dissolvable frac plug market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Dissolvable frac plug market size by material type, well type, application, and region in terms of value ($B).
Regional Analysis: Dissolvable frac plug market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different material types, well types, applications, and regions for the dissolvable frac plug market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the dissolvable frac plug market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the dissolvable frac plug market size?
Answer: The global dissolvable frac plug market is expected to reach an estimated $0.3 billion by 2030.
Q2. What is the growth forecast for dissolvable frac plug market?
Answer: The global dissolvable frac plug market is expected to grow with a CAGR of 3.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the dissolvable frac plug market?
Answer: The major drivers for this market are significantly growing oil and gas industry, increasing number of frac stages per well and rapid adoption of multi-stage fracturing in the oil and gas industry.
Q4. What are the major segments for dissolvable frac plug market?
Answer: The future of the dissolvable frac plug market looks promising with opportunities in the onshore and offshore markets.
Q5. Who are the key dissolvable frac plug market companies?
Answer: Some of the key dissolvable frac plug companies are as follows:
• Halliburton
• Schlumberger
• Nine Energy Service
• NCS Multistage
• NexTier Oilfield Solutions
• KLX Energy Services
• Innovex Downhole Solutions
• Weatherford International
• Baker Hughes
• Downhole Technology
Q6. Which dissolvable frac plug market segment will be the largest in future?
Answer: Lucintel forecasts that polyglycolic acid plug is expected to witness the higher growth over the forecast period.
Q7. In dissolvable frac plug market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the dissolvable frac plug market by material type (polyglycolic acid plugs and magnesium alloy plugs), well type (horizontal wells and vertical wells), application (onshore and offshore), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Dissolvable Frac Plug Market, Dissolvable Frac Plug Market Size, Dissolvable Frac Plug Market Growth, Dissolvable Frac Plug Market Analysis, Dissolvable Frac Plug Market Report, Dissolvable Frac Plug Market Share, Dissolvable Frac Plug Market Trends, Dissolvable Frac Plug Market Forecast, Dissolvable Frac Plug Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.