This report describes and explains the dissolvable frac plugs market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global dissolvable frac plugs market reached a value of nearly $520.72 million in 2024, having grown at a compound annual growth rate (CAGR) of 6.09% since 2019. The market is expected to grow from $520.72 million in 2024 to $887.53 million in 2029 at a rate of 11.25%. The market is then expected to grow at a CAGR of 10.70% from 2029 and reach $1.47 billion in 2034.
Growth in the historic period resulted from the increase in oil and gas production, rise in demand for natural gas as a cleaner fuel, expansion of drilling projects and recovery of wells and rigs. Factors that negatively affected growth in the historic period were high initial costs and risk of residual debris and incomplete dissolution.
Going forward, the global increase in energy demand, growing investments in enhanced oil recovery techniques, expansion of petrochemical industry and increased number of horizontal wells will drive the growth. Factor that could hinder the growth of the dissolvable frac plugs market in the future include lack of standardization, performance limitations in extreme well conditions and impact of trade war and tariff.
North America was the largest region in the dissolvable frac plugs market, accounting for 88.85% or $462.66 million of the total in 2024. It was followed by Asia Pacific, South America and then the other regions. Going forward, the fastest-growing regions in the dissolvable frac plugs market will be Africa and South America where growth will be at CAGRs of 21.86% and 15.39% respectively. These will be followed by Asia Pacific and North America where the markets are expected to grow at CAGRs of 13.44% and 10.75% respectively.
The global dissolvable frac plugs market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 22.55% of the total market in 2024. Schlumberger Limited (SLB) was the largest competitor with a 3.21% share of the market, followed by Halliburton Company with 3.18%, Baker Hughes Company with 2.99%, National Oilwell Varco (NOV) Inc with 2.97%, Weatherford International plc with 2.85%, KLX Energy Services Holdings Inc with 1.79%, Innovex Downhole Solutions Inc with 1.65%, Expro Group with 1.64%, Nine Energy Service Inc with 1.27% and China National Petroleum Corporation (CNPC) (CNPC USA) with 1.00%.
The dissolvable frac plugs market is segmented by material into metallic, composite and polymer-based. The metallic market was the largest segment of the dissolvable frac plugs market segmented by material, accounting for 52.06% or $271.11 million of the total in 2024. Going forward, the metallic segment is expected to be the fastest growing segment in the dissolvable frac plugs market segmented by material, at a CAGR of 13.43% during 2024-2029.
The dissolvable frac plugs market is segmented by well type into horizontal wells, vertical wells, fractured wells and unconventional wells. The horizontal wells market was the largest segment of the dissolvable frac plugs market segmented by well type, accounting for 58.49% or $304.55 million of the total in 2024. Going forward, the unconventional wells segment is expected to be the fastest growing segment in the dissolvable frac plugs market segmented by well type, at a CAGR of 13.91% during 2024-2029.
The dissolvable frac plugs market is segmented by application in to drilling, completion, production and other applications. The completion market was the largest segment of the dissolvable frac plugs market segmented by application, accounting for 59.61% or $310.41 million of the total in 2024. Going forward, the completion segment is expected to be the fastest growing segment in the dissolvable frac plugs market segmented by application, at a CAGR of 12.24% during 2024-2029.
The dissolvable frac plugs market is segmented by sales type into direct sales and distributor sales. The direct sales market was the largest segment of the dissolvable frac plugs market segmented by sales type, accounting for 65.18% or $339.38 million of the total in 2024. Going forward, the direct sales segment is expected to be the fastest growing segment in the dissolvable frac plugs market segmented by sales type, at a CAGR of 11.67% during 2024-2029.
The top opportunities in the dissolvable frac plugs market segmented by material will arise in the metallic segment, which will gain $237.88 million of global annual sales by 2029. The top opportunities in the dissolvable frac plugs market segmented by well type will arise in the horizontal wells segment, which will gain $250.98 million of global annual sales by 2029. The top opportunities in the dissolvable frac plugs market segmented by application will arise in the completion segment, which will gain $242.54 million of global annual sales by 2029. The top opportunities in the dissolvable frac plugs market segmented by sales type will arise in the direct sales segment, which will gain $250.0 million of global annual sales by 2029. The dissolvable frac plugs market size will gain the most in the USA at $264.31 million.
Market-trend-based strategies for the dissolvable frac plugs market include focus on innovative hybrid frac plug enhances efficiency and reduces millout time and focus on expanding global reach with advanced frac plug solutions.
Player-adopted strategies in the dissolvable frac plugs market include focus on enhancing business capabilities through the new technology launches.
To take advantage of the opportunities, the analyst recommends the dissolvable frac plugs market companies to focus on hybrid plug development to improve efficiency and lower costs, focus on the metallic segment to maximize growth potential, focus on the metallic segment to maximize growth potential, expand in emerging markets, continue to focus on developed markets, focus on global expansion with adaptable high-performance solutions, provide competitively priced offerings, continue to use b2b promotions, focus on the completion segment to drive long-term growth.
This product will be delivered within 3-5 business days.
The global dissolvable frac plugs market reached a value of nearly $520.72 million in 2024, having grown at a compound annual growth rate (CAGR) of 6.09% since 2019. The market is expected to grow from $520.72 million in 2024 to $887.53 million in 2029 at a rate of 11.25%. The market is then expected to grow at a CAGR of 10.70% from 2029 and reach $1.47 billion in 2034.
Growth in the historic period resulted from the increase in oil and gas production, rise in demand for natural gas as a cleaner fuel, expansion of drilling projects and recovery of wells and rigs. Factors that negatively affected growth in the historic period were high initial costs and risk of residual debris and incomplete dissolution.
Going forward, the global increase in energy demand, growing investments in enhanced oil recovery techniques, expansion of petrochemical industry and increased number of horizontal wells will drive the growth. Factor that could hinder the growth of the dissolvable frac plugs market in the future include lack of standardization, performance limitations in extreme well conditions and impact of trade war and tariff.
North America was the largest region in the dissolvable frac plugs market, accounting for 88.85% or $462.66 million of the total in 2024. It was followed by Asia Pacific, South America and then the other regions. Going forward, the fastest-growing regions in the dissolvable frac plugs market will be Africa and South America where growth will be at CAGRs of 21.86% and 15.39% respectively. These will be followed by Asia Pacific and North America where the markets are expected to grow at CAGRs of 13.44% and 10.75% respectively.
The global dissolvable frac plugs market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 22.55% of the total market in 2024. Schlumberger Limited (SLB) was the largest competitor with a 3.21% share of the market, followed by Halliburton Company with 3.18%, Baker Hughes Company with 2.99%, National Oilwell Varco (NOV) Inc with 2.97%, Weatherford International plc with 2.85%, KLX Energy Services Holdings Inc with 1.79%, Innovex Downhole Solutions Inc with 1.65%, Expro Group with 1.64%, Nine Energy Service Inc with 1.27% and China National Petroleum Corporation (CNPC) (CNPC USA) with 1.00%.
The dissolvable frac plugs market is segmented by material into metallic, composite and polymer-based. The metallic market was the largest segment of the dissolvable frac plugs market segmented by material, accounting for 52.06% or $271.11 million of the total in 2024. Going forward, the metallic segment is expected to be the fastest growing segment in the dissolvable frac plugs market segmented by material, at a CAGR of 13.43% during 2024-2029.
The dissolvable frac plugs market is segmented by well type into horizontal wells, vertical wells, fractured wells and unconventional wells. The horizontal wells market was the largest segment of the dissolvable frac plugs market segmented by well type, accounting for 58.49% or $304.55 million of the total in 2024. Going forward, the unconventional wells segment is expected to be the fastest growing segment in the dissolvable frac plugs market segmented by well type, at a CAGR of 13.91% during 2024-2029.
The dissolvable frac plugs market is segmented by application in to drilling, completion, production and other applications. The completion market was the largest segment of the dissolvable frac plugs market segmented by application, accounting for 59.61% or $310.41 million of the total in 2024. Going forward, the completion segment is expected to be the fastest growing segment in the dissolvable frac plugs market segmented by application, at a CAGR of 12.24% during 2024-2029.
The dissolvable frac plugs market is segmented by sales type into direct sales and distributor sales. The direct sales market was the largest segment of the dissolvable frac plugs market segmented by sales type, accounting for 65.18% or $339.38 million of the total in 2024. Going forward, the direct sales segment is expected to be the fastest growing segment in the dissolvable frac plugs market segmented by sales type, at a CAGR of 11.67% during 2024-2029.
The top opportunities in the dissolvable frac plugs market segmented by material will arise in the metallic segment, which will gain $237.88 million of global annual sales by 2029. The top opportunities in the dissolvable frac plugs market segmented by well type will arise in the horizontal wells segment, which will gain $250.98 million of global annual sales by 2029. The top opportunities in the dissolvable frac plugs market segmented by application will arise in the completion segment, which will gain $242.54 million of global annual sales by 2029. The top opportunities in the dissolvable frac plugs market segmented by sales type will arise in the direct sales segment, which will gain $250.0 million of global annual sales by 2029. The dissolvable frac plugs market size will gain the most in the USA at $264.31 million.
Market-trend-based strategies for the dissolvable frac plugs market include focus on innovative hybrid frac plug enhances efficiency and reduces millout time and focus on expanding global reach with advanced frac plug solutions.
Player-adopted strategies in the dissolvable frac plugs market include focus on enhancing business capabilities through the new technology launches.
To take advantage of the opportunities, the analyst recommends the dissolvable frac plugs market companies to focus on hybrid plug development to improve efficiency and lower costs, focus on the metallic segment to maximize growth potential, focus on the metallic segment to maximize growth potential, expand in emerging markets, continue to focus on developed markets, focus on global expansion with adaptable high-performance solutions, provide competitively priced offerings, continue to use b2b promotions, focus on the completion segment to drive long-term growth.
This product will be delivered within 3-5 business days.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Global Dissolvable Frac Plugs Growth Analysis and Strategic Analysis Framework
9 Global Dissolvable Frac Plugs Market Segmentation
10 Dissolvable Frac Plugs Market, Regional and Country Analysis
11 Asia-Pacific Market
12 Eastern Europe Market
13 North America Market
14 South America Market
15 Middle East Market
16 Africa Market
17 Competitive Landscape and Company Profiles
18 Other Major and Innovative Companies
21 Key Mergers and Acquisitions
22 Recent Developments in Dissolvable Frac Plugs Market
23 Opportunities and Strategies
24 Dissolvable Frac Plugs Market, Conclusions and Recommendations
25 Appendix
Executive Summary
Dissolvable Frac Plugs Global Market Opprtunities and Strategies To 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global dissolvable frac plugs market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 08 geographies.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for dissolvable frac plugs? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The dissolvable frac plugs market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider dissolvable frac plugs market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by material, by well type, by application and by sales type.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis and Strategic Analysis Framework - Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size and Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by material, by well type, by application and by sales type in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments - Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for dissolvable frac plugs providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Material: Metallic; Composite; Polymer-Based2) By Well Type: Horizontal Wells; Vertical Wells; Fractured Wells; Unconventional Wells
3) By Application: Drilling; Completion; Production; Other Applications
4) By Sales Type: Direct Sales; Distributor Sales
Companies Mentioned: Schlumberger Limited (SLB); Halliburton Company; Baker Hughes Company; National Oilwell Varco (NOV) Inc.; Weatherford International plc
Countries: China; Australia; India; Indonesia; Japan; USA; Canada; Russia
Regions: Asia-Pacific; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; dissolvable frac plugs indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing:Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The companies featured in this Dissolvable Frac Plugs market report include:- Schlumberger Limited (SLB)
- Halliburton Company
- Baker Hughes Company
- National Oilwell Varco (NOV) Inc.
- Weatherford International plc
- KLX Energy Services Holdings Inc.
- Innovex Downhole Solutions Inc.
- Expro Group
- Nine Energy Service Inc.
- China National Petroleum Corporation (CNPC) (CNPC USA)
- China Vigor Drilling Oil Tools & Equipment Co., Ltd.
- Dongying Zhaoxin Industry & Trade Co., Ltd.
- Shandong Yacheng Petroleum Technology Co., Ltd.
- Nine Energy Service
- Landrill Oil Tools Co., Ltd.
- Weatherford International
- GEODynamics
- Wingoil
- National Oilwell Varco (NOV) Inc
- KLX Energy Services Holdings
- Nine Energy Service Inc
- Innovex International Inc
- Vertechs Group
- The WellBoss Company
- Terves, LLC
- Repeat Precision
- General Plastics & Composites (GP&C)
- Downhole Well Solutions (DWS)
- Forum Energy Technologies
- Peak Completions
- Rock West Composites (RWC)
- Calfrac Well Services Ltd
- Trican Well Service Ltd
- 8sigma Technologies
- Lateral Completions Ltd.
- Steelhaus Technology Inc
- Gorilla Energy
- Tenaris
- Wellbore Integrity Solutions (WIS)
- Ecopetrol
- Pluspetrol S.A.
- Petróleo Brasileiro S.A.
- Innovex Downhole Solutions
- SolvFrac
- Completion Energy
- National Oilwell Varco (NOV)
- Weatherford
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 239 |
| Published | September 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 520.7 Million |
| Forecasted Market Value ( USD | $ 1470 Million |
| Compound Annual Growth Rate | 11.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 48 |
