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Composite Frac Plugs-Global Market Insights and Sales Trends 2024
Synopsis
The global Composite Frac Plugs market size is expected to reach US$ 286.5 million by 2029, growing at a CAGR of 5.5% from 2023 to 2029. The market is mainly driven by the significant applications of Composite Frac Plugs in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Composite Frac Plugs market. Small Caliber, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Large Caliber segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Composite Frac Plugs market, driven by demand from China, the second largest economy with some signs of stabilising, the Composite Frac Plugs market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Composite Frac Plugs, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Composite Frac Plugs market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Composite Frac Plugs market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Composite Frac Plugs sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Composite Frac Plugs covered in this report include BHGE, Halliburton, Schlumberger, Weatherford International, Weir Oil & Gas, National Oilwell Varco, Welltec, Innovex Downhole Solutions and Magnum Oil Tools (Nine Energy Service), etc.
The global Composite Frac Plugs market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BHGE
Halliburton
Schlumberger
Weatherford International
Weir Oil & Gas
National Oilwell Varco
Welltec
Innovex Downhole Solutions
Magnum Oil Tools (Nine Energy Service)
Composite Systems LLC
Rubicon Oilfield International
Global Composite Frac Plugs market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Composite Frac Plugs market, Segment by Type:
Small Caliber
Large Caliber
Global Composite Frac Plugs market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Composite Frac Plugs manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Composite Frac Plugs in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Composite Frac Plugs market size is expected to reach US$ 286.5 million by 2029, growing at a CAGR of 5.5% from 2023 to 2029. The market is mainly driven by the significant applications of Composite Frac Plugs in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Composite Frac Plugs market. Small Caliber, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Large Caliber segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Composite Frac Plugs market, driven by demand from China, the second largest economy with some signs of stabilising, the Composite Frac Plugs market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Composite Frac Plugs, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Composite Frac Plugs market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Composite Frac Plugs market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Composite Frac Plugs sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Composite Frac Plugs covered in this report include BHGE, Halliburton, Schlumberger, Weatherford International, Weir Oil & Gas, National Oilwell Varco, Welltec, Innovex Downhole Solutions and Magnum Oil Tools (Nine Energy Service), etc.
The global Composite Frac Plugs market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BHGE
Halliburton
Schlumberger
Weatherford International
Weir Oil & Gas
National Oilwell Varco
Welltec
Innovex Downhole Solutions
Magnum Oil Tools (Nine Energy Service)
Composite Systems LLC
Rubicon Oilfield International
Global Composite Frac Plugs market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Composite Frac Plugs market, Segment by Type:
Small Caliber
Large Caliber
Global Composite Frac Plugs market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Composite Frac Plugs manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Composite Frac Plugs in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Composite Frac Plugs Market Overview
1.1 Composite Frac Plugs Product Overview
1.2 Composite Frac Plugs Market Segment by Type
1.2.1 Small Caliber
1.2.2 Large Caliber
1.3 Global Composite Frac Plugs Market Size by Type
1.3.1 Global Composite Frac Plugs Market Size Overview by Type (2018-2029)
1.3.2 Global Composite Frac Plugs Historic Market Size Review by Type (2018-2023)
1.3.3 Global Composite Frac Plugs Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Composite Frac Plugs Sales Breakdown by Type (2018-2023)
1.4.2 Europe Composite Frac Plugs Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Composite Frac Plugs Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Composite Frac Plugs Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Composite Frac Plugs Sales Breakdown by Type (2018-2023)
2 Global Composite Frac Plugs Market Competition by Company
2.1 Global Top Players by Composite Frac Plugs Sales (2018-2023)
2.2 Global Top Players by Composite Frac Plugs Revenue (2018-2023)
2.3 Global Top Players by Composite Frac Plugs Price (2018-2023)
2.4 Global Top Manufacturers Composite Frac Plugs Manufacturing Base Distribution, Sales Area, Product Type
2.5 Composite Frac Plugs Market Competitive Situation and Trends
2.5.1 Composite Frac Plugs Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Composite Frac Plugs Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Composite Frac Plugs as of 2022)
2.7 Date of Key Manufacturers Enter into Composite Frac Plugs Market
2.8 Key Manufacturers Composite Frac Plugs Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Composite Frac Plugs Status and Outlook by Region
3.1 Global Composite Frac Plugs Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Composite Frac Plugs Historic Market Size by Region
3.2.1 Global Composite Frac Plugs Sales in Volume by Region (2018-2023)
3.2.2 Global Composite Frac Plugs Sales in Value by Region (2018-2023)
3.2.3 Global Composite Frac Plugs Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Composite Frac Plugs Forecasted Market Size by Region
3.3.1 Global Composite Frac Plugs Sales in Volume by Region (2024-2029)
3.3.2 Global Composite Frac Plugs Sales in Value by Region (2024-2029)
3.3.3 Global Composite Frac Plugs Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Composite Frac Plugs by Application
4.1 Composite Frac Plugs Market Segment by Application
4.1.1 Onshore
4.1.2 Offshore
4.2 Global Composite Frac Plugs Market Size by Application
4.2.1 Global Composite Frac Plugs Market Size Overview by Application (2018-2029)
4.2.2 Global Composite Frac Plugs Historic Market Size Review by Application (2018-2023)
4.2.3 Global Composite Frac Plugs Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Composite Frac Plugs Sales Breakdown by Application (2018-2023)
4.3.2 Europe Composite Frac Plugs Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Composite Frac Plugs Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Composite Frac Plugs Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Composite Frac Plugs Sales Breakdown by Application (2018-2023)
5 North America Composite Frac Plugs by Country
5.1 North America Composite Frac Plugs Historic Market Size by Country
5.1.1 North America Composite Frac Plugs Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Composite Frac Plugs Sales in Volume by Country (2018-2023)
5.1.3 North America Composite Frac Plugs Sales in Value by Country (2018-2023)
5.2 North America Composite Frac Plugs Forecasted Market Size by Country
5.2.1 North America Composite Frac Plugs Sales in Volume by Country (2024-2029)
5.2.2 North America Composite Frac Plugs Sales in Value by Country (2024-2029)
6 Europe Composite Frac Plugs by Country
6.1 Europe Composite Frac Plugs Historic Market Size by Country
6.1.1 Europe Composite Frac Plugs Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Composite Frac Plugs Sales in Volume by Country (2018-2023)
6.1.3 Europe Composite Frac Plugs Sales in Value by Country (2018-2023)
6.2 Europe Composite Frac Plugs Forecasted Market Size by Country
6.2.1 Europe Composite Frac Plugs Sales in Volume by Country (2024-2029)
6.2.2 Europe Composite Frac Plugs Sales in Value by Country (2024-2029)
7 Asia-Pacific Composite Frac Plugs by Region
7.1 Asia-Pacific Composite Frac Plugs Historic Market Size by Region
7.1.1 Asia-Pacific Composite Frac Plugs Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Composite Frac Plugs Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Composite Frac Plugs Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Composite Frac Plugs Forecasted Market Size by Region
7.2.1 Asia-Pacific Composite Frac Plugs Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Composite Frac Plugs Sales in Value by Region (2024-2029)
8 Latin America Composite Frac Plugs by Country
8.1 Latin America Composite Frac Plugs Historic Market Size by Country
8.1.1 Latin America Composite Frac Plugs Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Composite Frac Plugs Sales in Volume by Country (2018-2023)
8.1.3 Latin America Composite Frac Plugs Sales in Value by Country (2018-2023)
8.2 Latin America Composite Frac Plugs Forecasted Market Size by Country
8.2.1 Latin America Composite Frac Plugs Sales in Volume by Country (2024-2029)
8.2.2 Latin America Composite Frac Plugs Sales in Value by Country (2024-2029)
9 Middle East and Africa Composite Frac Plugs by Country
9.1 Middle East and Africa Composite Frac Plugs Historic Market Size by Country
9.1.1 Middle East and Africa Composite Frac Plugs Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Composite Frac Plugs Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Composite Frac Plugs Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Composite Frac Plugs Forecasted Market Size by Country
9.2.1 Middle East and Africa Composite Frac Plugs Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Composite Frac Plugs Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BHGE
10.1.1 BHGE Company Information
10.1.2 BHGE Introduction and Business Overview
10.1.3 BHGE Composite Frac Plugs Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BHGE Composite Frac Plugs Products Offered
10.1.5 BHGE Recent Development
10.2 Halliburton
10.2.1 Halliburton Company Information
10.2.2 Halliburton Introduction and Business Overview
10.2.3 Halliburton Composite Frac Plugs Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Halliburton Composite Frac Plugs Products Offered
10.2.5 Halliburton Recent Development
10.3 Schlumberger
10.3.1 Schlumberger Company Information
10.3.2 Schlumberger Introduction and Business Overview
10.3.3 Schlumberger Composite Frac Plugs Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Schlumberger Composite Frac Plugs Products Offered
10.3.5 Schlumberger Recent Development
10.4 Weatherford International
10.4.1 Weatherford International Company Information
10.4.2 Weatherford International Introduction and Business Overview
10.4.3 Weatherford International Composite Frac Plugs Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Weatherford International Composite Frac Plugs Products Offered
10.4.5 Weatherford International Recent Development
10.5 Weir Oil & Gas
10.5.1 Weir Oil & Gas Company Information
10.5.2 Weir Oil & Gas Introduction and Business Overview
10.5.3 Weir Oil & Gas Composite Frac Plugs Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Weir Oil & Gas Composite Frac Plugs Products Offered
10.5.5 Weir Oil & Gas Recent Development
10.6 National Oilwell Varco
10.6.1 National Oilwell Varco Company Information
10.6.2 National Oilwell Varco Introduction and Business Overview
10.6.3 National Oilwell Varco Composite Frac Plugs Sales, Revenue and Gross Margin (2018-2023)
10.6.4 National Oilwell Varco Composite Frac Plugs Products Offered
10.6.5 National Oilwell Varco Recent Development
10.7 Welltec
10.7.1 Welltec Company Information
10.7.2 Welltec Introduction and Business Overview
10.7.3 Welltec Composite Frac Plugs Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Welltec Composite Frac Plugs Products Offered
10.7.5 Welltec Recent Development
10.8 Innovex Downhole Solutions
10.8.1 Innovex Downhole Solutions Company Information
10.8.2 Innovex Downhole Solutions Introduction and Business Overview
10.8.3 Innovex Downhole Solutions Composite Frac Plugs Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Innovex Downhole Solutions Composite Frac Plugs Products Offered
10.8.5 Innovex Downhole Solutions Recent Development
10.9 Magnum Oil Tools (Nine Energy Service)
10.9.1 Magnum Oil Tools (Nine Energy Service) Company Information
10.9.2 Magnum Oil Tools (Nine Energy Service) Introduction and Business Overview
10.9.3 Magnum Oil Tools (Nine Energy Service) Composite Frac Plugs Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Magnum Oil Tools (Nine Energy Service) Composite Frac Plugs Products Offered
10.9.5 Magnum Oil Tools (Nine Energy Service) Recent Development
10.10 Composite Systems LLC
10.10.1 Composite Systems LLC Company Information
10.10.2 Composite Systems LLC Introduction and Business Overview
10.10.3 Composite Systems LLC Composite Frac Plugs Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Composite Systems LLC Composite Frac Plugs Products Offered
10.10.5 Composite Systems LLC Recent Development
10.11 Rubicon Oilfield International
10.11.1 Rubicon Oilfield International Company Information
10.11.2 Rubicon Oilfield International Introduction and Business Overview
10.11.3 Rubicon Oilfield International Composite Frac Plugs Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Rubicon Oilfield International Composite Frac Plugs Products Offered
10.11.5 Rubicon Oilfield International Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Composite Frac Plugs Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Composite Frac Plugs Industrial Chain Analysis
11.4 Composite Frac Plugs Market Dynamics
11.4.1 Composite Frac Plugs Industry Trends
11.4.2 Composite Frac Plugs Market Drivers
11.4.3 Composite Frac Plugs Market Challenges
11.4.4 Composite Frac Plugs Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Composite Frac Plugs Distributors
12.3 Composite Frac Plugs Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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