Press release
Dissolvable Metal Frac Plugs Market Size, Share, Trends, and Forecast: 2024-2030
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.
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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.
According to the new market research report "Dissolvable Metal Frac Plugs - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Dissolvable Metal Frac Plugs market size is projected to reach USD 0.57 billion by 2029, at a CAGR of 9.1% during the forecast period.
The global key manufacturers of Dissolvable Metal Frac Plugs include Schlumberger, Halliburton, CNPC, Nine Energy Service, Pyramid Oil Tools, etc.
In 2022, the global top four players had a share approximately 54.0% in terms of revenue.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Dissolvable Metal Frac Plugs market is segmented as below:
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
Each chapter of the report provides detailed information for readers to further understand the Dissolvable Metal Frac Plugs market:
Chapter 1: Introduces the report scope of the Dissolvable Metal Frac Plugs report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Dissolvable Metal Frac Plugs manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Dissolvable Metal Frac Plugs market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Dissolvable Metal Frac Plugs in 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 market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Dissolvable Metal Frac Plugs in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Dissolvable Metal Frac Plugs competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Dissolvable Metal Frac Plugs comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Dissolvable Metal Frac Plugs market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global Dissolvable Metal Frac Plugs Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
Global Dissolvable Metal Frac Plugs Market Insights, Forecast to 2030
Dissolvable Metal Frac Plugs - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Dissolvable Metal Frac Plugs Market Research Report 2024
Dissolvable Metal Frac Plugs - Global Market Insights and Sales Trends 2024
Global Dissolvable Metal Frac Plugs Market Research Report 2023
Global Dissolvable Metal Frac Plugs Market Insights, Forecast to 2029
Global Dissolvable Metal Frac Plugs Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
Global Dissolvable Metal Frac Plugs Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
Global and United States Dissolvable Metal Frac Plugs Market Report & Forecast 2023-2029
Global and United States Dissolvable Metal Frac Plugs Market Report & Forecast 2022-2028
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QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let's work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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A dissolvable frac plug is a temporary tool used in hydraulic fracturing operations to isolate different sections of a wellbore during stimulation. These plugs gradually dissolve and disintegrate in well fluids, eliminating the need for costly milling operations to remove them. The Dissolvable Frac Plugs Market is anticipated to see substantial growth in the coming years with a forecasted CAGR of 9.50%.
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