Global Dissolvable Frac Plugs Market, By Material Type (Magnesium Alloys, Poly Glycolic Acid), By W

Published Date: | Report Code : EP1958377

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The Dissolvable Frac Plugs are generally designed for multi-stage applications and have a proprietary blend of 100% dissolvable metal materials. They usually offer a predictable high-pressure service life and better control over the degradation rate.

Segment Analysis

The global dissolvable frac plugs market is segmented on the basis of material type, well type and sales channel.

On the basis of material type, it is segmented into Mg (Magnesium) alloys and PGA (Polyglycolic Acid). Mg alloys are the materials of which is generally opted for dissolvable frac plugs, owing to their properties, such as reliable dissolution rate at different temperatures and pressure brine, high toughness, strength, and hardness.

Based on well type, it is segmented on the basis of horizontal well and vertical well. Horizontal wells are majorly used for drilling extended reach and long lateral areas where vertical wells are not of worth. A horizontal well makes use of a large number of frac plugs and balls, which leads to the optimum gas production from wells. Whereas in the case of vertical wells, a very small amount of gas can be extracted as compared to horizontal well.

On the basis of the sales channel, it is segmented into a direct sales channel and distributor sales channel. The direct sales are more dominant as the market is in the nascent stage and is not being widely distributed at present and hence, major companies are generally selling dissolvable frac plugs directly to customers.

Key Factors Impacting Market Growth:
    • They provide ample benefits such as elimination of the cost and mill-out time, easy cleaning of    the debris with no 
      bottom hole assembly issues, reduced well complexities, omitted coiled  tubing from the operation, and reduced flow 
      back challenges.
    • Increase in the demand and production of oil & gas 

Regional Analysis:

The regional outlook for dissolvable frac plugs market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for dissolvable frac plugs market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of dissolvable frac plugs market in these regions. 

Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. Asia Pacific is estimated one of the fastest growing regions for dissolvable frac plugs market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: Baker Hughes, Haliburton Company, KLX Energy Services, Kureha Corporation, Innovex Downhole Solutions, Inc., Nine Energy Service, Inc., Schlumberger Limited, and Maverick Downhole Technologies Inc

Market Segmentation:
By Material Type:
    • Magnesium Alloys
    • Poly Glycolic Acid

By Well Type :
    • Horizontal Well
    • Vertical Well

By Sales Channel :
    • Direct Sales
    • Distributor Sales

By Region:
    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Material Type
        ◦ By Well Type 
        ◦ By Sales Channel 
    • Western Europe:
        ◦ By Country (Germany, UK, France, Spain, Rest of Western Europe)
        ◦ By Material Type
        ◦ By Well Type 
        ◦ By Sales Channel 
    • Eastern Europe:
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Material Type
        ◦ By Well Type 
        ◦ By Sales Channel 
    • Asia Pacific
        ◦ By Country (China, Japan, India, Rest of Asia Pacific)
        ◦ By Material Type
        ◦ By Well Type 
        ◦ By Sales Channel 
    • Middle East:
        ◦ By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
        ◦ By Material Type
        ◦ By Well Type 
        ◦ By Sales Channel 
    • Rest of the World
        ◦ By Region (South America, Africa)
        ◦ By Material Type
        ◦ By Well Type 
        ◦ By Sales Channel  

Reasons To Buy This Report:
    • Market size estimation of the global dissolvable frac plugs market on a regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
For more information, contact: [email protected]

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