Global Frac Plugs Market Growth 2025-2031

Global Frac Plugs Market Growth 2025-2031

The global Frac Plugs market size is predicted to grow from US$ 352 million in 2025 to US$ 463 million in 2031; it is expected to grow at a CAGR of 4.7% from 2025 to 2031.

Frac Plugs is a device used to isolate zones in wells during plug-and-perf operations.

Global Frac Plugs key players include Downhole Technology, BHGE, Schlumberger, Halliburton, Forum Energy Technologies, etc. Global top five manufacturers hold a share about 40%.

North America is the largest market, with a share over 45%, followed by Europe, and Asia-Pacific, both have a share about 35 percent.

In terms of product, Composite Plugs is the largest segment, with a share over 60%. And in terms of application, the largest application is Horizontal Well, followed by Vertical Well.

LP Information, Inc. (LPI) ' newest research report, the “Frac Plugs Industry Forecast” looks at past sales and reviews total world Frac Plugs sales in 2024, providing a comprehensive analysis by region and market sector of projected Frac Plugs sales for 2025 through 2031. With Frac Plugs sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Frac Plugs industry.

This Insight Report provides a comprehensive analysis of the global Frac Plugs landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Frac Plugs portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Frac Plugs market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Frac Plugs and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Frac Plugs.

This report presents a comprehensive overview, market shares, and growth opportunities of Frac Plugs market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Composite Plugs
Dissolvable Plugs
Cast Iron Plugs

Segmentation by Application:
Vertical Wells
Horizontal Wells

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
SLB
Halliburton
Baker Hughes
WellBoss
Innovex
Forum Energy Technologies
NOV
Nine Energy Service
Weatherford
Sinopec
CNPC
Peak Completion
SPT Energy
Kureha

Key Questions Addressed in this Report

What is the 10-year outlook for the global Frac Plugs market?

What factors are driving Frac Plugs market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Frac Plugs market opportunities vary by end market size?

How does Frac Plugs break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.