Composite Frac Plugs and Frac Balls Market – Latest Trends, Forecast, and Opportunity Analysis

Composite Frac Plugs and Frac Balls Market by Product Type (Frac Plugs and Frac Balls), by Resin Type (Epoxy Composites, Phenolic Composites, and Other Composites), by Manufacturing Process Type (Injection Molding, Filament Winding, and Others), by Sales Channel Type (Direct Sales and Distributors), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023

This report, from Stratview Research, studies the global composites frac plugs and frac balls market over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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The Composite Frac Plugs and Frac Balls Market: Highlights
Composite frac plugs and frac balls are designed to provide zonal isolation of a wellbore between multistage stimulation treatments during the hydraulic fracturing. These composite balls and plugs are made from glass fiber and epoxy or phenolic resin and are easier to mill out than metal plugs and balls. They can withstand higher pressure and temperature than traditional plastic and dissolvable salt balls.
Frac plugs are generally in the range from 4.5 to 5.5 inches in diameter and 22 to 30 inches in length, whereas frac balls typically measure from 1.0 to 5.75 inches in diameter. 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. The volatility in crude oil prices adversely impacted the demand for composite frac plugs and frac balls. Many oil & gas explorations have been shut down due to the decreased oil prices.

Despite the short-term fluctuations in composite frac plugs and frac balls demand in North America caused by dropping new shale oil & gas rig activities that is a result of the decreasing crude oil prices, the long-term business outlook seems promising with good growth potential in the foreseen future.

The global composite frac plugs and frac balls market offers healthy growth opportunity during the forecast period of 2018 to 2023. Recovery of oil & gas exploration activities, mammoth shale gas reserve in different parts of the world, especially in the USA, and superior performance of composite frac plugs and balls over their rival are the major factors burgeoning the growth of the market. Both, composite frac plugs and frac balls, are expected to experience similar growth in the next five years, driven by increasing use of composites frac balls and plugs in the onshore oil & gas application.

Composite frac plugs and frac balls market drivers
The supply chain of this market comprises raw material manufacturers, composite frac plug and frac ball manufacturers, drilling contractors, EPC contractors and operators (oil & gas companies). The key oil & gas service companies are Baker Hughes, Halliburton (Houston), Schlumberger (Houston) and Weatherford International (Zug, Switzerland). The key oil & gas companies are British Petroleum, Shell, Exxon Mobil, Chevron, and ConocoPhillips.
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The key composite frac plug and frac ball manufacturers are Baker Hughes, Magnum Oil Tools, The Gund Co, Team Oil Tools, and Downhole Composites. New product development, collaboration with customers, and regional expansion are the key strategies adopted by the major players to gain a competitive edge in the market.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
The global composite frac plugs and frac balls market is segmented into the following categories:

Composite Frac Plugs and Frac Balls Market by Product Type:
• Frac Plugs (Regional Analysis: North America, Europe, The Middle East, and RoW)
• Frac Balls (Regional Analysis: North America, Europe, The Middle East, and RoW)
Composite Frac Plugs and Frac Balls Market by Resin Type:
• Epoxy Resin (Regional Analysis: North America, Europe, The Middle East, and RoW)
• Phenolic Resin (Regional Analysis: North America, Europe, The Middle East, and RoW)
• Other Resins (Regional Analysis: North America, Europe, The Middle East, and RoW)
Composite Frac Plugs and Frac Balls Market by Manufacturing Process Type:
• Injection Molding (Regional Analysis: North America, Europe, The Middle East, and RoW)
• Filament Winding (Regional Analysis: North America, Europe, The Middle East, and RoW)
• Other Processes (Regional Analysis: North America, Europe, The Middle East, and RoW)
Composite Frac Plugs and Frac Balls Market by Sales Channel Type:
• Direct Sales (Regional Analysis: North America, Europe, The Middle East, and RoW)
• Distributors (Regional Analysis: North America, Europe, The Middle East, and RoW)
Composite Frac Plugs and Frac Balls Market by Region:
• North America
• Europe
• Middle East
• Rest of the World

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Category: Oil & Gas
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Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life

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