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.
This report contains market size and forecasts of Dissolvable Frac Plugs in global, including the following market information:
Global Dissolvable Frac Plugs Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Dissolvable Frac Plugs Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Dissolvable Frac Plugs companies in 2021 (%)
The global Dissolvable Frac Plugs market was valued at 279.9 million in 2021 and is projected to reach US$ 513.7 million by 2028, at a CAGR of 9.1% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Small Caliber Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Dissolvable Frac Plugs include Schlumberger, Halliburton, Nine Energy Service, Pyramid Oil Tools, Innovex Inc., NOV Inc., CNPC, Sinopec and KLX Energy Services, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Dissolvable Frac Plugs manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Dissolvable Frac Plugs Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Dissolvable Frac Plugs Market Segment Percentages, by Type, 2021 (%)
Small Caliber
Large Caliber
Global Dissolvable Frac Plugs Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Dissolvable Frac Plugs Market Segment Percentages, by Application, 2021 (%)
Horizontal Well
Vertical Well
Global Dissolvable Frac Plugs Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Dissolvable Frac Plugs Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Dissolvable Frac Plugs revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Dissolvable Frac Plugs revenues share in global market, 2021 (%)
Key companies Dissolvable Frac Plugs sales in global market, 2017-2022 (Estimated), (Units)
Key companies Dissolvable Frac Plugs sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Schlumberger
Halliburton
Nine Energy Service
Pyramid Oil Tools
Innovex Inc.
NOV Inc.
CNPC
Sinopec
KLX Energy Services
Expro
Peak Completion Technologies, Inc.