Global Dissolvable Metal Frac Plugs Market Research Report 2024(Status and Outlook)

Global Dissolvable Metal Frac Plugs Market Research Report 2024(Status and Outlook)



Report Overview:

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 Market Size was estimated at USD 389.52 million in 2023 and is projected to reach USD 656.88 million by 2029, exhibiting a CAGR of 9.10% during the forecast period.

This report provides a deep insight into the global Dissolvable Metal Frac Plugs market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Dissolvable Metal Frac Plugs Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Dissolvable Metal Frac Plugs market in any manner.

Global Dissolvable Metal Frac Plugs Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key 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.

Market Segmentation (by Type)

Small Caliber

Large Caliber

Market Segmentation (by Application)

Horizontal Well

Vertical Well

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Dissolvable Metal Frac Plugs Market

Overview of the regional outlook of the Dissolvable Metal Frac Plugs Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Dissolvable Metal Frac Plugs Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the 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.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Dissolvable Metal Frac Plugs
1.2 Key Market Segments
1.2.1 Dissolvable Metal Frac Plugs Segment by Type
1.2.2 Dissolvable Metal Frac Plugs Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Dissolvable Metal Frac Plugs Market Overview
2.1 Global Market Overview
2.1.1 Global Dissolvable Metal Frac Plugs Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global Dissolvable Metal Frac Plugs Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Dissolvable Metal Frac Plugs Market Competitive Landscape
3.1 Global Dissolvable Metal Frac Plugs Sales by Manufacturers (2019-2024)
3.2 Global Dissolvable Metal Frac Plugs Revenue Market Share by Manufacturers (2019-2024)
3.3 Dissolvable Metal Frac Plugs Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Dissolvable Metal Frac Plugs Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Dissolvable Metal Frac Plugs Sales Sites, Area Served, Product Type
3.6 Dissolvable Metal Frac Plugs Market Competitive Situation and Trends
3.6.1 Dissolvable Metal Frac Plugs Market Concentration Rate
3.6.2 Global 5 and 10 Largest Dissolvable Metal Frac Plugs Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Dissolvable Metal Frac Plugs Industry Chain Analysis
4.1 Dissolvable Metal Frac Plugs Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Dissolvable Metal Frac Plugs Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Dissolvable Metal Frac Plugs Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Dissolvable Metal Frac Plugs Sales Market Share by Type (2019-2024)
6.3 Global Dissolvable Metal Frac Plugs Market Size Market Share by Type (2019-2024)
6.4 Global Dissolvable Metal Frac Plugs Price by Type (2019-2024)
7 Dissolvable Metal Frac Plugs Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Dissolvable Metal Frac Plugs Market Sales by Application (2019-2024)
7.3 Global Dissolvable Metal Frac Plugs Market Size (M USD) by Application (2019-2024)
7.4 Global Dissolvable Metal Frac Plugs Sales Growth Rate by Application (2019-2024)
8 Dissolvable Metal Frac Plugs Market Segmentation by Region
8.1 Global Dissolvable Metal Frac Plugs Sales by Region
8.1.1 Global Dissolvable Metal Frac Plugs Sales by Region
8.1.2 Global Dissolvable Metal Frac Plugs Sales Market Share by Region
8.2 North America
8.2.1 North America Dissolvable Metal Frac Plugs Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Dissolvable Metal Frac Plugs Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Dissolvable Metal Frac Plugs Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Dissolvable Metal Frac Plugs Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Dissolvable Metal Frac Plugs Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Schlumberger Limited
9.1.1 Schlumberger Limited Dissolvable Metal Frac Plugs Basic Information
9.1.2 Schlumberger Limited Dissolvable Metal Frac Plugs Product Overview
9.1.3 Schlumberger Limited Dissolvable Metal Frac Plugs Product Market Performance
9.1.4 Schlumberger Limited Business Overview
9.1.5 Schlumberger Limited Dissolvable Metal Frac Plugs SWOT Analysis
9.1.6 Schlumberger Limited Recent Developments
9.2 Halliburton Company
9.2.1 Halliburton Company Dissolvable Metal Frac Plugs Basic Information
9.2.2 Halliburton Company Dissolvable Metal Frac Plugs Product Overview
9.2.3 Halliburton Company Dissolvable Metal Frac Plugs Product Market Performance
9.2.4 Halliburton Company Business Overview
9.2.5 Halliburton Company Dissolvable Metal Frac Plugs SWOT Analysis
9.2.6 Halliburton Company Recent Developments
9.3 China National Petroleum Corporation (CNPC)
9.3.1 China National Petroleum Corporation (CNPC) Dissolvable Metal Frac Plugs Basic Information
9.3.2 China National Petroleum Corporation (CNPC) Dissolvable Metal Frac Plugs Product Overview
9.3.3 China National Petroleum Corporation (CNPC) Dissolvable Metal Frac Plugs Product Market Performance
9.3.4 China National Petroleum Corporation (CNPC) Dissolvable Metal Frac Plugs SWOT Analysis
9.3.5 China National Petroleum Corporation (CNPC) Business Overview
9.3.6 China National Petroleum Corporation (CNPC) Recent Developments
9.4 Nine Energy Service, Inc.
9.4.1 Nine Energy Service, Inc. Dissolvable Metal Frac Plugs Basic Information
9.4.2 Nine Energy Service, Inc. Dissolvable Metal Frac Plugs Product Overview
9.4.3 Nine Energy Service, Inc. Dissolvable Metal Frac Plugs Product Market Performance
9.4.4 Nine Energy Service, Inc. Business Overview
9.4.5 Nine Energy Service, Inc. Recent Developments
9.5 Pyramid Oil Tools, LLC
9.5.1 Pyramid Oil Tools, LLC Dissolvable Metal Frac Plugs Basic Information
9.5.2 Pyramid Oil Tools, LLC Dissolvable Metal Frac Plugs Product Overview
9.5.3 Pyramid Oil Tools, LLC Dissolvable Metal Frac Plugs Product Market Performance
9.5.4 Pyramid Oil Tools, LLC Business Overview
9.5.5 Pyramid Oil Tools, LLC Recent Developments
9.6 China Petroleum and Chemical Corporation (Sinopec)
9.6.1 China Petroleum and Chemical Corporation (Sinopec) Dissolvable Metal Frac Plugs Basic Information
9.6.2 China Petroleum and Chemical Corporation (Sinopec) Dissolvable Metal Frac Plugs Product Overview
9.6.3 China Petroleum and Chemical Corporation (Sinopec) Dissolvable Metal Frac Plugs Product Market Performance
9.6.4 China Petroleum and Chemical Corporation (Sinopec) Business Overview
9.6.5 China Petroleum and Chemical Corporation (Sinopec) Recent Developments
9.7 Innovex Inc.
9.7.1 Innovex Inc. Dissolvable Metal Frac Plugs Basic Information
9.7.2 Innovex Inc. Dissolvable Metal Frac Plugs Product Overview
9.7.3 Innovex Inc. Dissolvable Metal Frac Plugs Product Market Performance
9.7.4 Innovex Inc. Business Overview
9.7.5 Innovex Inc. Recent Developments
9.8 NOV Inc.
9.8.1 NOV Inc. Dissolvable Metal Frac Plugs Basic Information
9.8.2 NOV Inc. Dissolvable Metal Frac Plugs Product Overview
9.8.3 NOV Inc. Dissolvable Metal Frac Plugs Product Market Performance
9.8.4 NOV Inc. Business Overview
9.8.5 NOV Inc. Recent Developments
9.9 Klx Energy Services Inc.
9.9.1 Klx Energy Services Inc. Dissolvable Metal Frac Plugs Basic Information
9.9.2 Klx Energy Services Inc. Dissolvable Metal Frac Plugs Product Overview
9.9.3 Klx Energy Services Inc. Dissolvable Metal Frac Plugs Product Market Performance
9.9.4 Klx Energy Services Inc. Business Overview
9.9.5 Klx Energy Services Inc. Recent Developments
9.10 Expro Group
9.10.1 Expro Group Dissolvable Metal Frac Plugs Basic Information
9.10.2 Expro Group Dissolvable Metal Frac Plugs Product Overview
9.10.3 Expro Group Dissolvable Metal Frac Plugs Product Market Performance
9.10.4 Expro Group Business Overview
9.10.5 Expro Group Recent Developments
9.11 Peak Completion Technologies, Inc.
9.11.1 Peak Completion Technologies, Inc. Dissolvable Metal Frac Plugs Basic Information
9.11.2 Peak Completion Technologies, Inc. Dissolvable Metal Frac Plugs Product Overview
9.11.3 Peak Completion Technologies, Inc. Dissolvable Metal Frac Plugs Product Market Performance
9.11.4 Peak Completion Technologies, Inc. Business Overview
9.11.5 Peak Completion Technologies, Inc. Recent Developments
10 Dissolvable Metal Frac Plugs Market Forecast by Region
10.1 Global Dissolvable Metal Frac Plugs Market Size Forecast
10.2 Global Dissolvable Metal Frac Plugs Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Dissolvable Metal Frac Plugs Market Size Forecast by Country
10.2.3 Asia Pacific Dissolvable Metal Frac Plugs Market Size Forecast by Region
10.2.4 South America Dissolvable Metal Frac Plugs Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Dissolvable Metal Frac Plugs by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global Dissolvable Metal Frac Plugs Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of Dissolvable Metal Frac Plugs by Type (2025-2030)
11.1.2 Global Dissolvable Metal Frac Plugs Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of Dissolvable Metal Frac Plugs by Type (2025-2030)
11.2 Global Dissolvable Metal Frac Plugs Market Forecast by Application (2025-2030)
11.2.1 Global Dissolvable Metal Frac Plugs Sales (Kilotons) Forecast by Application
11.2.2 Global Dissolvable Metal Frac Plugs Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings

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