The global Dissolvable Metal Frac Plugs market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Dissolvable Metal Frac Plugs market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global Dissolvable Metal Frac Plugs Market. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Dissolvable Metal Frac Plugs market. We have also focused on SWOT, PESTLE, and Porter’s Five Forces analyses of the global Dissolvable Metal Frac Plugs market.
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The dissolvable metal 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 dissolvable frac plug is designed for plug-and-perf applications and is composed of a new high-strength engineered metal that dissolves in water-based wellbore fluid, formation fluid, or production fluid. Complete dissolution of the frac plug eliminates the need for a separate mill run intervention into the wellbore, which helps reduce costs, operation time, and risks to personnel.
Dissolvable frac plugs are generally in the range from 4.5 to 6 inches in diameter and 8 to 20 inches in length. A single wellbore requires 10 to 40 multi-part frac plugs to pressurize and perforate multiple oil and gas producing layers, also known as stages. Hydraulic fracturing, also known as fracking, hydrofracking, or hydrofracturing, is a stimulation technique for wells used for oil and gas production from tight reservoirs. In this process, the rock is fractured by a pressurized liquid. A fracking fluid is injected in the well at high pressure, which creates cracks in deep-rock formations. Through these cracks, natural gas, petroleum, and brine can flow more freely. In order to improve the overall productivity of hydraulic fracturing and attain better hydrocarbon flow, well completion techniques, such as plug and perf, are most commonly utilized. In this process, a bridge plug and perforation (perf) gun is placed at the desired stage in a well bore. Frac plugs are used as a temporary barrier to separate stages of zones during the fracturing or stimulation process. When the plug is set and the zone is perforated, a ball is pumped down to isolate the zones below the plugs. Ball-activated plugs deviate fracture fluids through perforations into the formation. After completion of all stages, the process is repeated. The development of soluble bridge plug market benefit from the development of unconventional oil and gas wells, especially shale gas wells.
The global Dissolvable Metal Frac Plugs revenue was US$ 305.5 million in 2022 and is forecast to a readjusted size of US$ 655.5 million by 2029 with a CAGR of 9.1% during the forecast period (2023-2029).
In India, the Dissolvable Metal Frac Plugs revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).
The key manufacturers of Dissolvable Metal Frac Plugs in the world are Schlumberger Limited, Halliburton Company, China National Petroleum Corporation (CNPC), Nine Energy Service, Inc., Pyramid Oil Tools, LLC, China Petroleum & Chemical Corporation (Sinopec) , Innovex Inc. and NOV Inc., among which the market share of the top three producers is close to 50%, and Schlumberger Limited is the largest producer. The global production of dissolvable metal frac plugs is mainly distributed in North America and China. At present, North America is the largest production area, with a market share of more than 80%. In terms of its products, the growth rate of small caliber products is relatively fast and the market share is currently the highest, close to 90%, followed by large caliber products. As far as its application is concerned, horizontal well is the largest application field, accounting for nearly 90% of the market share, followed by vertical well.
This report focuses on global and India Dissolvable Metal Frac Plugs market, also covers the segmentation data of other regions in regional level and county level.
India is now the world’s most populous country. According to IMF (its July update to its World Economic Outlook), India’s GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India’s rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India’s economic stability.
India is a market full of opportunities, and the demand for Dissolvable Metal Frac Plugs will continue to grow rapidly in the future.
Global Dissolvable Metal Frac Plugs Scope and Market Size
Dissolvable Metal Frac Plugs market is segmented in regional and country, by players, by type and by application. Companies, stakeholders, and other participants in the global Dissolvable Metal Frac Plugs market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by type and by application for the period 2018-2029.
For India market, this report focuses on the Dissolvable Metal Frac Plugs market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.
By Company
Schlumberger Limited
Halliburton Company
China National Petroleum Corporation (CNPC)
Nine Energy Service, Inc.
Pyramid Oil Tools, LLC
China Petroleum & Chemical Corporation (Sinopec)
Innovex Inc.
NOV Inc.
Klx Energy Services Inc.
Expro Group
Peak Completion Technologies, Inc.
Segment by Type
Small Caliber
Large Caliber
Segment by Application
Horizontal Well
Vertical Well
By Region
Americas
United States
Canada
Mexico
Brazil
China
APAC (excluding China)
Japan
South Korea
China Taiwan
ASEAN
India
EMEA
Europe
Middle East
Africa
Chapter Introduction
Chapter 1: Introduces Dissolvable Metal Frac Plugs definition, global sales (volume and revenue), India market size, India percentage in global market. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Provides the analysis of various market segments by type, covering the volume, price, revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by application, covering the revenue, price, volume, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 4: Detailed analysis of Dissolvable Metal Frac Plugs companies’ competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Revenue and volume of Dissolvable Metal Frac Plugs in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 6: Americas by type, by application and by country, sales, and revenue for each segment.
Chapter 7: EMEA by type, by application and by region, sales, and revenue for each segment.
Chapter 8: China by type, by application, sales, and revenue for each segment.
Chapter 9: APAC (excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 10: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Dissolvable Metal Frac Plugs sales, revenue, gross margin, and recent development, etc.
Chapter 11: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 12: Research findings and conclusion
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