Market Overview:
The global fully 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 the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, factors such as rising investments in shale gas exploration and production are also contributing to the growth of this market. The global fully dissolvable frac plugs market is segmented on the basis of type, application, and region. On the basis of type, small caliber fully dissolvable frac plugs and large caliber fully dissolvable frac plugs are included in this study. On the basis of application, horizontal well and vertical well are considered in this study.
Product Definition:
A fully dissolvable frac plug is a type of frac plug that is designed to completely dissolve in water, allowing the well to be reopened for production. Fully dissolvable plugs are often used in wells that are subject to frequent fracking operations, as they can help reduce wear and tear on the wellhead.
Small Caliber Fully Dissolvable Frac Plugs:
Small caliber fully dissolvablefrac plugs are used in the oil & gas industry for well cementing. They are also used as a plug in place of fresh cement duringPeriodic Maintenance (PM) andSemi-Periodic Maintenance (SPM). The growth factor responsible for the increasing demand is due to its ability to reduce costs, time & labor requirements, eliminate waste and provide better protection against corrosion.
Large Caliber Fully Dissolvable Frac Plugs:
Large caliber fully dissolvable frac plugs are used in the oil & gas industry to prevent formation water and other fluids from entering into wellbore. These plugs are made of high strength composite material which is resistant to most solvents, including crude oil, mud, and drilling fluid. The fully dissolvable plug consists of two metal parts; a shank part and an alloyed body part which is designed for complete dissolution in the desired solvent after insertion into borehole wall.
Application Insights:
The global fully dissolvablefrac plugs market is segmented by application into horizontal well and vertical well. In 2017, the horizontal wells segment dominated the market with a share of over 60.0% in terms of revenue. The growth can be attributed to factors such as an increase in drilling activities for shale gas & oil and coal bed methane across various regions coupled with growing demand for GDFs from various industries including cement, construction, power generation, etc.
Regional Analysis:
North America was the largest market for fully dissolvablefrac plugs accounting for a share of over 40% in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing drilling activities and stringent government regulations regarding waste management practices in the region. In North America, Mexico is anticipated to witness significant growth owing to increased oilfield development activities along with rising demand from shale gas applications within the country’s energy sector.
The Asia Pacific fully dissolvablefrac plug market is expected witness high growth during the forecast period due to rapid developments taking place across various countries such as China, India, Australia and New Zealand among others which are leading producers of crude oil & natural gas globally in terms of production capacity respectively.
Growth Factors:
- Increasing demand for oil and gas: The global consumption of oil and gas is increasing at a rapid pace. This is driving the demand for Fully Dissolvable Frac Plugs market.
- Rising investment in exploration and production activities: The upstream sector is witnessing an increase in investment, owing to the rise in crude oil prices. This is propelling the growth of Fully Dissolvable Frac Plugs market.
- Technological advancements: The Fully Dissolvable Frac Plugs market is witnessing significant advancements in technology, which is aiding its growth significantly.
- Stringent environmental regulations: Stringent environmental regulations are compelling operators to adopt more environment-friendly technologies, such as Fully Dissolvable Frac Plugs . This is boosting the growth of this market significantly
Scope Of The Report
Report Attributes
Report Details
Report Title
Fully Dissolvable Frac Plugs Market Research Report
By Type
Small Caliber Fully Dissolvable Frac Plugs, Large Caliber Fully Dissolvable Frac Plugs
By Application
Horizontal Well, Vertical Well
By Companies
Schlumberger, Halliburton, Baker Hughes (GE), 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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Fully Dissolvable Frac Plugs Market Report Segments:
The global Fully Dissolvable Frac Plugs market is segmented on the basis of:
Types
Small Caliber Fully Dissolvable Frac Plugs, Large Caliber Fully Dissolvable Frac Plugs
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
- Baker Hughes (GE)
- Innovex
- NOV
- Magnum Oil Tools
- Weatherford
- Rubicon Oilfield International
- CNPC
- Peak Completion
Highlights of The Fully 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 Fully Dissolvable Frac Plugs
- Large Caliber Fully Dissolvable Frac Plugs
- 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 Fully 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.
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- Correctly Positioning New Products
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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?
Fully dissolvable frac plugs are a type of plug that is designed to break down in the ground after being inserted into the well. This allows for easier cleanup and less potential for environmental damage.
Some of the major companies in the fully dissolvable frac plugs market are Schlumberger, Halliburton, Baker Hughes (GE), Innovex, NOV, Magnum Oil Tools, Weatherford, Rubicon Oilfield International, CNPC, Peak Completion.
The fully dissolvable frac plugs market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fully 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 Fully Dissolvable Frac Plugs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fully 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 Fully 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 Fully Dissolvable Frac Plugs Market Size & Forecast, 2020-2028
4.5.1 Fully Dissolvable Frac Plugs Market Size and Y-o-Y Growth
4.5.2 Fully 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 Fully Dissolvable Frac Plugs
5.2.2 Large Caliber Fully Dissolvable Frac Plugs
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 Fully 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 Fully 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 Fully Dissolvable Frac Plugs
9.6.2 Large Caliber Fully Dissolvable Frac Plugs
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 Fully Dissolvable Frac Plugs
10.6.2 Large Caliber Fully Dissolvable Frac Plugs
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 Fully Dissolvable Frac Plugs
11.6.2 Large Caliber Fully Dissolvable Frac Plugs
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 Fully Dissolvable Frac Plugs
12.6.2 Large Caliber Fully Dissolvable Frac Plugs
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 Fully Dissolvable Frac Plugs
13.6.2 Large Caliber Fully Dissolvable Frac Plugs
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 Fully Dissolvable Frac Plugs Market: Competitive Dashboard
14.2 Global Fully 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 Baker Hughes (GE)
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
