According to a market report by Lucintel, the future of the global dissolvable frac plug market looks promising with opportunities in the onshore and offshore markets. The global dissolvable frac plug market is expected to reach an estimated $0.3 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are significantly growing oil and gas industry, increasing number of frac stages per well, and rapid adoption of multi-stage fracturing in the oil and gas industry.
A more than 150 – page report is developed to understand Dissolvable Frac Plug Market Report: Trends, Forecast and Competitive Analysis to 2030.
In this market, polyglycolic acid plug and magnesium alloy plug are the major segments of dissolvable frac plug market by material type. Lucintel forecasts that polyglycolic acid plug is expected to witness the higher growth over the forecast period.
Within this market, onshore is expected to witness the higher growth.
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APAC is expected to witness highest growth over the forecast period.
Halliburton, Schlumberger, Nine Energy Service, NCS Multistage, Nextier Oilfield Solutions, KLX Energy Services, Innovex Downhole Solutions, Weatherford International, Baker Hughes, and Downhole Technology are the major suppliers in the dissolvable frac plug market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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