Market Overview:
The global dissolvable frac plugs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil and gas across the globe. In addition, the growing focus on safety and environmental concerns is also driving the demand for dissolvable frac plugs. The global dissolvable frac plugs market can be segmented on the basis of type, application, and region. On the basis of type, small caliber and large caliber segments are included in this market.
Product Definition:
Dissolvable Frac Plugs are a type of plug that is inserted into a well to seal it off. They are made from a material that dissolves over time, which allows the well to be reopened.
Small Caliber:
Small caliber is defined as a bullet with an average calibre of less than 20mm. The small caliber products are widely used in the oil & gas industry for various purposes such as well cementing, perforating and casing heads. Small Caliber Products are also used in other industries such as power generation, aerospace & defense and mining among others.
The global small caliber market size was valued at USD 692 million in 2016.
Large Caliber:
Large caliber is a type of ammunition designed for use in rifles and other long-range weapons. The term “large caliber” is used to refer to bullets, shells, and missiles that are larger than the typical handgun bullet size. There are two types of large calibers: full-jacketed and semi-jacketed.
Application Insights:
The global demand for horizontal drilling has witnessed a paradigm shift due to the development of advanced technologies such as hydraulic fracturing and high-pressure injection. The growing trend of onshore oil exploration is expected to be the key factor driving growth over the forecast period.
The vertical well segment held around 40% share in 2015 and is projected to witness significant growth over the forecast period owing to increasing number of deepwater wells being drilled. The growing use of vertical drilling techniques for shale gas extraction from rocks will boost industry growth during future years.
Regional Analysis:
North America was the leading regional market in 2017 and is anticipated to witness substantial growth over the forecast period. The U.S., which is at the forefront of North American dissolvablefrac plug industry, has witnessed a significant increase in drilling activities owing to its need for finding substitute sources of energy after shutting down coal-based power plants and other fossil fuel based industries.
Asia Pacific also holds a prominent position in terms of revenue generation as it accounted for 31% share of total revenue generated by global dissolvablefrac plugs market in 2017.
Growth Factors:
- Increasing demand for dissolvable frac plugs from the oil and gas industry as a result of increasing shale gas production
- Rising demand for dissolvable frac plugs from the water management industry due to stringent government regulations on water usage in hydraulic fracturing
- Growing use of dissolvable frac plugs in horizontal drilling applications
- Increasing number of private equity investments in fracking technology companies
- Proliferation of micro-fracking, which is expected to drive down the cost per well and increase the use of dissolvable frac plugs
Scope Of The Report
Report Attributes
Report Details
Report Title
Dissolvable Frac Plugs Market Research Report
By Type
Small Caliber, Large Caliber
By Application
Horizontal Well, Vertical Well
By Companies
Schlumberger, Halliburton, BHGE, Innovex, NOV, Magnum Oil Tools, Weatherford, Rubicon Oilfield International, CNPC, Peak Completion
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Dissolvable Frac Plugs Market Report Segments:
The global Dissolvable Frac Plugs market is segmented on the basis of:
Types
Small Caliber, Large Caliber
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Horizontal Well, Vertical Well
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schlumberger
- Halliburton
- BHGE
- Innovex
- NOV
- Magnum Oil Tools
- Weatherford
- Rubicon Oilfield International
- CNPC
- Peak Completion
Highlights of The Dissolvable Frac Plugs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Small Caliber
- Large Caliber
- By Application:
- Horizontal Well
- Vertical Well
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dissolvable Frac Plugs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Dissolvable frac plugs are a type of plug that can be dissolved in water. This allows the plug to be removed without causing damage to the surrounding area.
Some of the key players operating in the dissolvable frac plugs market are Schlumberger, Halliburton, BHGE, Innovex, NOV, Magnum Oil Tools, Weatherford, Rubicon Oilfield International, CNPC, Peak Completion.
The dissolvable frac plugs market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dissolvable Frac Plugs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Dissolvable Frac Plugs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Dissolvable Frac Plugs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Dissolvable Frac Plugs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Dissolvable Frac Plugs Market Size & Forecast, 2020-2028
4.5.1 Dissolvable Frac Plugs Market Size and Y-o-Y Growth
4.5.2 Dissolvable Frac Plugs Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Small Caliber
5.2.2 Large Caliber
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Horizontal Well
6.2.2 Vertical Well
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Dissolvable Frac Plugs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Dissolvable Frac Plugs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Small Caliber
9.6.2 Large Caliber
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Horizontal Well
9.10.2 Vertical Well
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Small Caliber
10.6.2 Large Caliber
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Horizontal Well
10.10.2 Vertical Well
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Small Caliber
11.6.2 Large Caliber
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Horizontal Well
11.10.2 Vertical Well
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Small Caliber
12.6.2 Large Caliber
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Horizontal Well
12.10.2 Vertical Well
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Small Caliber
13.6.2 Large Caliber
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Horizontal Well
13.10.2 Vertical Well
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Dissolvable Frac Plugs Market: Competitive Dashboard
14.2 Global Dissolvable Frac Plugs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schlumberger
14.3.2 Halliburton
14.3.3 BHGE
14.3.4 Innovex
14.3.5 NOV
14.3.6 Magnum Oil Tools
14.3.7 Weatherford
14.3.8 Rubicon Oilfield International
14.3.9 CNPC
14.3.10 Peak Completion
