Dissolvable Metal Frac Plugs - Global and China Top Players Market Share and Ranking 2023
- Report Code : AMP2757031
- Published On: Oct, 2024
- Category : Chemicals & Materials
- Pages : 143
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According to Ample Market Research, the global market for Dissolvable Metal Frac Plugs should grow from US$ 305.5 million in 2022 to US$ 655.5 million by 2029, with a CAGR of 9.1% for the period of 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.
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.
This report studies and analyses global Dissolvable Metal Frac Plugs status and future trends, helps the client to determine the Dissolvable Metal Frac Plugs market size of the total market opportunity by Type, by Application, by company, and by region & country. This report is a detailed and comprehensive analysis of the world market for Dissolvable Metal Frac Plugs, and provides market size (in Units & US$ million) and Year-over-Year growth, considering 2022 as the base year.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
To assess the competitive environment within the market including supplier revenue, market share, and company profiles.
Highlights
(1) Global Dissolvable Metal Frac Plugs market size, history data 2018-2023, and forecast data 2024 -2029, (US$ million) & (Units)
(2) Global Dissolvable Metal Frac Plugs sales, revenue, price by company, market share and industry ranking 2018-2023, (US$ million) & (Units)
(3) China Dissolvable Metal Frac Plugs sales, revenue, price by company, market share and industry ranking 2018-2023, (US$ million) & (Units)
(4) Global Dissolvable Metal Frac Plugs key consuming regions, consumption quantity, consumption value and demand structure
(5) Global Dissolvable Metal Frac Plugs key producing regions, capacity, production, and year over year growth
(6) Dissolvable Metal Frac Plugs industry chains, upstream, midstream and downstream
Market segment by players, this report covers
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 segment by Type, covers
Small Caliber
Large Caliber
Market segment by Application, can be divided into
Horizontal Well
Vertical Well
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
Report Includes:
Chapter 1: to describe Dissolvable Metal Frac Plugs product scope, global sales quantity, value and average price, China sales quantity, value and average price, development opportunities, challenges, trends, and policies.
Chapter 2: Global Dissolvable Metal Frac Plugs market share and ranking of major manufacturers, sales quantity, revenue, average price, 2018-2023
Chapter 3: China Dissolvable Metal Frac Plugs market share and ranking of major manufacturers, sales quantity, revenue, average price, 2018-2023
Chapter 4: Global key producing regions of Dissolvable Metal Frac Plugs, percent & CAGR, 2018-2029
Chapter 5: Dissolvable Metal Frac Plugs industry chain, upstream, medium-stream, and downstream.
Chapter 6: Segment by Type, sales quantity, average price, consumption value, percent & CAGR, 2018-2029
Chapter 7: Segment by Application, sales quantity, average price, consumption value, percent & CAGR, 2018-2029
Chapter 8: Segment in regional level, sales quantity, average price, consumption value, percent & CAGR, 2018-2029
Chapter 9: Segment in country level, sales quantity, average price, consumption value, percent & CAGR, 2018-2029
Chapter 10: Company profile, introducing the basic situation of the main companies in the market in detail, including product specifications, application, recent development, sales quantity, average price, revenue, gross margin.
Chapter 11: Conclusions
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With tables and figures helping analyze worldwide Dissolvable Metal Frac Plugs Global and China Top Players market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
1 Market Overview1.1 Dissolvable Metal Frac Plugs Definition
1.2 Global Dissolvable Metal Frac Plugs Market Size and Forecast
1.2.1 By Consumption Value, Global Dissolvable Metal Frac Plugs Market Size，2018-2029
1.2.2 By Sales Quantity, Global Dissolvable Metal Frac Plugs Market Size，2018-2029
1.2.3 Global Dissolvable Metal Frac Plugs Average Selling Price (ASP)，2018-20291.3 China Dissolvable Metal Frac Plugs Market Size and Forecast
1.3.1 By Consumption Value, China Dissolvable Metal Frac Plugs Market Size，2018-2029
1.3.2 By Sales Quantity, China Dissolvable Metal Frac Plugs Market Size，2018-2029
1.3.3 China Dissolvable Metal Frac Plugs Average Selling Price (ASP)， 2018-20291.4 Share of China Dissolvable Metal Frac Plugs Market with Respect to the Global Market
1.4.1 By Consumption Value, China Dissolvable Metal Frac Plugs Market Share in Global, 2018-2029
1.4.2 By Sales Quantity, China Dissolvable Metal Frac Plugs Market Share in Global, 2018-2029
1.4.3 Dissolvable Metal Frac Plugs Market Size: China VS Global, 2018-20291.5 Dissolvable Metal Frac Plugs Market Dynamics
1.5.1 Dissolvable Metal Frac Plugs Market Drivers
1.5.2 Dissolvable Metal Frac Plugs Market Restraints
1.5.3 Dissolvable Metal Frac Plugs Industry Trends
1.5.4 Dissolvable Metal Frac Plugs Industry Policy
2 Global Leading Manufacturers and Market Share2.1 By Revenue of Dissolvable Metal Frac Plugs, Global Market Share by Company, 2018-2023
2.2 By Sales Quantity of Dissolvable Metal Frac Plugs, Global Market Share by Company, 2018-2023
2.3 Dissolvable Metal Frac Plugs Average Selling Price (ASP) by Company, 2018-2023
2.4 Global Dissolvable Metal Frac Plugs Participants, Market Position (Tier 1, Tier 2, and Tier 3)
2.5 Global Dissolvable Metal Frac Plugs Concentration Ratio
2.6 Global Dissolvable Metal Frac Plugs Mergers & Acquisitions, Expansion Plans
2.7 Global Dissolvable Metal Frac Plugs Manufacturers Product Type
2.8 Head Office and Dissolvable Metal Frac Plugs Production Site of Key Manufacturer
2.9 Dissolvable Metal Frac Plugs Capacity of Major Manufacturers and Future Plan
3 China Leading Manufacturers and Market Share3.1 By Revenue of Dissolvable Metal Frac Plugs, China Market Share by Company, 2018-2023
3.2 By Sales Quantity of Dissolvable Metal Frac Plugs, China Market Share by Company, 2018-2023
3.3 China Dissolvable Metal Frac Plugs Participants, Market Position (Tier 1, Tier 2, and Tier 3)
4 Global Producing Regions4.1 Global Dissolvable Metal Frac Plugs Capacity, Output and Capacity Utilization, 2018-2029
4.2 Global Dissolvable Metal Frac Plugs Capacity by Region
4.3 Global Dissolvable Metal Frac Plugs Production & Forecast by Region, 2018 VS 2022 VS 2029
4.4 Global Dissolvable Metal Frac Plugs Production by Region, 2018-2029
4.5 Global Dissolvable Metal Frac Plugs Production Market Share & Forecast by Region, 2018-2029
5 Industry Chain Analysis5.1 Dissolvable Metal Frac Plugs Industry Chain
5.2 Dissolvable Metal Frac Plugs Upstream Analysis
5.2.1 Dissolvable Metal Frac Plugs Core Raw Materials
5.2.2 Main Manufacturers of Dissolvable Metal Frac Plugs Core Raw Materials5.3 Midstream Analysis
5.4 Downstream Analysis
5.5 Dissolvable Metal Frac Plugs Production Mode
5.6 Dissolvable Metal Frac Plugs Procurement Model
5.7 Dissolvable Metal Frac Plugs Industry Sales Model and Sales Channels
5.7.1 Dissolvable Metal Frac Plugs Sales Model
5.7.2 Dissolvable Metal Frac Plugs Typical Distributors
6 Sights by Type6.1 Dissolvable Metal Frac Plugs Classification
6.1.1 Small Caliber
6.1.2 Large Caliber6.2 By Type, Global Dissolvable Metal Frac Plugs Consumption Value & CAGR, 2018 VS 2022 VS 2029
6.3 By Type, Global Dissolvable Metal Frac Plugs Consumption Value, 2018-2029
6.4 By Type, Global Dissolvable Metal Frac Plugs Sales Quantity, 2018-2029
6.5 By Type, Global Dissolvable Metal Frac Plugs Average Selling Price (ASP), 2018-2029
7 Sights by Application7.1 Dissolvable Metal Frac Plugs Segment by Application
7.1.1 Horizontal Well
7.1.2 Vertical Well7.2 By Application, Global Dissolvable Metal Frac Plugs Consumption Value & CAGR, 2018 VS 2022 VS 2029
7.3 By Application, Global Dissolvable Metal Frac Plugs Consumption Value, 2018-2029
7.4 By Application, Global Dissolvable Metal Frac Plugs Sales Quantity, 2018-2029
7.5 By Application, Global Dissolvable Metal Frac Plugs Price, 2018-2029
8 Sales Sights by Region8.1 By Region, Global Dissolvable Metal Frac Plugs Consumption Value, 2018 VS 2022 VS 2029
8.2 By Region, Global Dissolvable Metal Frac Plugs Consumption Value, 2018-2029
8.3 By Region, Global Dissolvable Metal Frac Plugs Sales Quantity, 2018-2029
8.4 North America
8.4.1 North America Dissolvable Metal Frac Plugs & Forecasts, 2018-2029
8.4.2 By Country, North America Dissolvable Metal Frac Plugs Market Size Market Share8.5 Europe
8.5.1 Europe Dissolvable Metal Frac Plugs Market Size & Forecasts, 2018-2029
8.5.2 By Country, Europe Dissolvable Metal Frac Plugs Market Size Market Share8.6 Asia Pacific
8.6.1 Asia Pacific Dissolvable Metal Frac Plugs Market Size & Forecasts, 2018-2029
8.6.2 By Country/Region, Asia Pacific Dissolvable Metal Frac Plugs Market Size Market Share
8.7 South America
8.7.1 South America Dissolvable Metal Frac Plugs Market Size & Forecasts, 2018-2029
8.7.2 By Country, South America Dissolvable Metal Frac Plugs Market Size Market Share
8.8 Middle East & Africa
9 Sales Sights by Country Level9.1 By Country, Global Dissolvable Metal Frac Plugs Market Size & CAGR, 2018 VS 2022 VS 2029
9.2 By Country, Global Dissolvable Metal Frac Plugs Consumption Value, 2018-2029
9.3 By Country, Global Dissolvable Metal Frac Plugs Sales Quantity, 2018-2029
9.4 U.S.
9.4.1 U.S. Dissolvable Metal Frac Plugs Market Size, 2018-2029
9.4.2 By Type, U.S. Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 2029
9.4.3 By Application, U.S. Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 20299.5 Europe
9.5.1 Europe Dissolvable Metal Frac Plugs Market Size, 2018-2029
9.5.2 By Type, Europe Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 2029
9.5.3 By Application, Europe Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 20299.6 China
9.6.1 China Dissolvable Metal Frac Plugs Market Size, 2018-2029
9.6.2 By Type, China Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 2029
9.6.3 By Application, China Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 2029
9.7 Japan
9.7.1 Japan Dissolvable Metal Frac Plugs Market Size, 2018-2029
9.7.2 By Type, Japan Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 2029
9.7.3 By Application, Japan Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 2029
9.8 South Korea
9.8.1 South Korea Dissolvable Metal Frac Plugs Market Size, 2018-2029
9.8.2 By Type, South Korea Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 2029
9.8.3 By Application, South Korea Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 2029
9.9 Southeast Asia
9.9.1 Southeast Asia Dissolvable Metal Frac Plugs Market Size, 2018-2029
9.9.2 By Type, Southeast Asia Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 2029
9.9.3 By Application, Southeast Asia Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 20299.10 India
9.10.1 India Dissolvable Metal Frac Plugs Market Size, 2018-2029
9.10.2 By Type, India Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 2029
9.10.3 By Application, India Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 2029
9.11 Middle East & Africa
9.11.1 Middle East & Africa Dissolvable Metal Frac Plugs Market Size, 2018-2029
9.11.2 By Type, Middle East & Africa Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 2029
9.11.3 By Application, Middle East & Africa Dissolvable Metal Frac Plugs Sales Quantity Market Share, 2022 VS 2029
10 Manufacturers Profile10.1 Schlumberger Limited
10.1.1 Schlumberger Limited Company Information, Head Office, Market Area, and Industry Position
10.1.2 Schlumberger Limited Dissolvable Metal Frac Plugs Models, Specifications, and Application
10.1.3 Schlumberger Limited Dissolvable Metal Frac Plugs Sales Quantity, Revenue, Price and Gross Margin, 2018-2023
10.1.4 Schlumberger Limited Company Profile and Main Business
10.1.5 Schlumberger Limited Recent Developments10.2 Halliburton Company
10.2.1 Halliburton Company Company Information, Head Office, Market Area, and Industry Position
10.2.2 Halliburton Company Dissolvable Metal Frac Plugs Models, Specifications, and Application
10.2.3 Halliburton Company Dissolvable Metal Frac Plugs Sales Quantity, Revenue, Price and Gross Margin, 2018-2023
10.2.4 Halliburton Company Company Profile and Main Business
10.2.5 Halliburton Company Recent Developments10.3 China National Petroleum Corporation (CNPC)
10.3.1 China National Petroleum Corporation (CNPC) Company Information, Head Office, Market Area, and Industry Position
10.3.2 China National Petroleum Corporation (CNPC) Dissolvable Metal Frac Plugs Models, Specifications, and Application
10.3.3 China National Petroleum Corporation (CNPC) Dissolvable Metal Frac Plugs Sales Quantity, Revenue, Price and Gross Margin, 2018-2023
10.3.4 China National Petroleum Corporation (CNPC) Company Profile and Main Business
10.3.5 China National Petroleum Corporation (CNPC) Recent Developments10.4 Nine Energy Service, Inc.
10.4.1 Nine Energy Service, Inc. Company Information, Head Office, Market Area, and Industry Position
10.4.2 Nine Energy Service, Inc. Dissolvable Metal Frac Plugs Models, Specifications, and Application
10.4.3 Nine Energy Service, Inc. Dissolvable Metal Frac Plugs Sales Quantity, Revenue, Price and Gross Margin, 2018-2023
10.4.4 Nine Energy Service, Inc. Company Profile and Main Business
10.4.5 Nine Energy Service, Inc. Recent Developments10.5 Pyramid Oil Tools, LLC
10.5.1 Pyramid Oil Tools, LLC Company Information, Head Office, Market Area, and Industry Position
10.5.2 Pyramid Oil Tools, LLC Dissolvable Metal Frac Plugs Models, Specifications, and Application
10.5.3 Pyramid Oil Tools, LLC Dissolvable Metal Frac Plugs Sales Quantity, Revenue, Price and Gross Margin, 2018-2023
10.5.4 Pyramid Oil Tools, LLC Company Profile and Main Business
10.5.5 Pyramid Oil Tools, LLC Recent Developments10.6 China Petroleum & Chemical Corporation (Sinopec)
10.6.1 China Petroleum & Chemical Corporation (Sinopec) Company Information, Head Office, Market Area, and Industry Position
10.6.2 China Petroleum & Chemical Corporation (Sinopec) Dissolvable Metal Frac Plugs Models, Specifications, and Application
10.6.3 China Petroleum & Chemical Corporation (Sinopec) Dissolvable Metal Frac Plugs Sales Quantity, Revenue, Price and Gross Margin, 2018-2023
10.6.4 China Petroleum & Chemical Corporation (Sinopec) Company Profile and Main Business
10.6.5 China Petroleum & Chemical Corporation (Sinopec) Recent Developments
10.7 Innovex Inc.
10.7.1 Innovex Inc. Company Information, Head Office, Market Area, and Industry Position
10.7.2 Innovex Inc. Dissolvable Metal Frac Plugs Models, Specifications, and Application
10.7.3 Innovex Inc. Dissolvable Metal Frac Plugs Sales Quantity, Revenue, Price and Gross Margin, 2018-2023
10.7.4 Innovex Inc. Company Profile and Main Business
10.7.5 Innovex Inc. Recent Developments
10.8 NOV Inc.
10.8.1 NOV Inc. Company Information, Head Office, Market Area, and Industry Position
10.8.2 NOV Inc. Dissolvable Metal Frac Plugs Models, Specifications, and Application
10.8.3 NOV Inc. Dissolvable Metal Frac Plugs Sales Quantity, Revenue, Price and Gross Margin, 2018-2023
10.8.4 NOV Inc. Company Profile and Main Business
10.8.5 NOV Inc. Recent Developments
10.9 Klx Energy Services Inc.
10.9.1 Klx Energy Services Inc. Company Information, Head Office, Market Area, and Industry Position
10.9.2 Klx Energy Services Inc. Dissolvable Metal Frac Plugs Models, Specifications, and Application
10.9.3 Klx Energy Services Inc. Dissolvable Metal Frac Plugs Sales Quantity, Revenue, Price and Gross Margin, 2018-2023
10.9.4 Klx Energy Services Inc. Company Profile and Main Business
10.9.5 Klx Energy Services Inc. Recent Developments10.10 Expro Group
10.10.1 Expro Group Company Information, Head Office, Market Area, and Industry Position
10.10.2 Expro Group Dissolvable Metal Frac Plugs Models, Specifications, and Application
10.10.3 Expro Group Dissolvable Metal Frac Plugs Sales Quantity, Revenue, Price and Gross Margin, 2018-2023
10.10.4 Expro Group Company Profile and Main Business
10.10.5 Expro Group Recent Developments
10.11 Peak Completion Technologies, Inc.
10.11.1 Peak Completion Technologies, Inc. Company Information, Head Office, Market Area, and Industry Position
10.11.2 Peak Completion Technologies, Inc. Dissolvable Metal Frac Plugs Models, Specifications, and Application
10.11.3 Peak Completion Technologies, Inc. Dissolvable Metal Frac Plugs Sales Quantity, Revenue, Price and Gross Margin, 2018-2023
10.11.4 Peak Completion Technologies, Inc. Company Profile and Main Business
10.11.5 Peak Completion Technologies, Inc. Recent Developments
11 Conclusion
12 Appendix12.1 Research Methodology
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources12.3 Market Estimation Model
12.4 Disclaimer
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The Dissolvable Metal Frac Plugs Global and China Top Players Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.
Report Objectives / Segmentation Covered :
By Companies / players:
By Regions:
By Type:
By Application:
Frequently asked questions(FAQ's):
Recognize the areas along the Dissolvable Metal Frac Plugs Global and China Top Players Market's value chain where players are generating value. To get a complete picture, kindly read the entire report.
Dissolvable Metal Frac Plugs Global and China Top Players has a wide range of applications, including
In 2023, the Dissolvable Metal Frac Plugs Global and China Top Players Market share surpassed USD xx million, and between 2024 and 2029, it will grow at a CAGR of yy%.
As the shift to value addition continues, companies in the Dissolvable Metal Frac Plugs Global and China Top Players Market face the dual challenge of improving interoperability to optimize performance and experience.
The Dissolvable Metal Frac Plugs Global and China Top Players analysis provides high-level qualitative commentary on market dynamics, including information on growth drivers, influential trends, challenges, and opportunities.
