The global Dissolvable Frac Plugs market was valued at 105.74 Million USD in 2021 and will grow with a CAGR of 6% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

The dissolvable 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 technology of the dissolvable frac plugs is relatively mature. For the dissolvable frac plugs market, the leading players, Schlumberger, Halliburton, BHGE, Innovex respectively account for 13.74%, 12.37%, 10.75%, 8.23% market share in 2019, and the sum of the market share percentage held by the largest number of firms in this industry is less than 50%, which indicate that the dissolvable frac plugs industry is perfectly competitive and is considered low concentration.

By Market Verdors:

Schlumberger

Halliburton

BHGE

Innovex

NOV

Magnum Oil Tools

Weatherford

Rubicon Oilfield International

CNPC

Peak Completion

By Types:

Small Caliber

Large Caliber

By Applications:

Horizontal Well

Vertical Well

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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