Dissolvable Metal Frac Plugs Analysis Report :the global market size is projected to grow from USD 360.17 million in 2024 to USD 597.91 million by 2030

According to the new market research report "Dissolvable Metal Frac Plugs - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Dissolvable Metal Frac Plugs market size is projected to grow from USD 360.17 million in 2024 to USD 597.91 million by 2030, at a CAGR of 8.81% during the forecast period (2024-2030).

• Global Dissolvable Metal Frac Plugs Market Size (US$ Million), 2019-2030

Source: QYResearch, "Dissolvable Metal Frac Plugs - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global Dissolvable Metal Frac Plugs Top 11Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Dissolvable Metal Frac Plugs - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

This report profiles key players of Dissolvable Metal Frac Plugs such as Schlumberger Limited, Halliburton Company, China National Petroleum Corporation (CNPC), Nine Energy Service, Inc., Pyramid Oil Tools, LLC, China Petroleum & Chemical Corporation (Sinopec), Innovex Inc., NOV Inc., Klx Energy Services Inc., Expro Group, Peak Completion Technologies, Inc., etc.

In 2023, the global top five Dissolvable Metal Frac Plugs players account for 58.22% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Dissolvable Metal Frac Plugs.

Market Drivers:

D1: The global energy demand continues to rise, the war in Russia and Ukraine will exacerbate the shortage of oil and gas in the short term, and the number of oil and gas wells will rise.

D2: The amount of proven shale gas recoverable resources in the world continues to increase, shale gas continues to be developed, and the investment of various countries continues to increase

D3: Dissolvable frac plugs help increase efficiency, which can help oil and gas operators save time and reduce the cost.

Challenge:

C1: Market competition continues to intensify, and enterprises compete in product price and quality, limiting profit.

C2: The downward pressure on the global economy is huge, small and medium-sized enterprises are difficult to operate, and industrial production may shrink in 2023.

C3: In the long run, there are restrictions on the demand for oil and natural gas under the carbon neutrality policy.

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