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Presents a Research Report on

Composite Frac Plugs and Balls Market The Market is Segmented by Product Type (Frac Plugs and Frac Balls), by Resin Type (Epoxy Composites, Phenolic Composites, and Other Composites), by Manufacturing Process Type (Injection Molding, Filament Winding, and Compression Molding), by Sales Channel Type (Direct Sales and Distributor Sales), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)

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Composite Frac Plugs and Balls Market Growth and Forecast Highlights & Drivers •

The global composite frac plugs and balls market size is likely to experience an excellent CAGR over the next five years to reach US$ 2,837.1 million in 2024.

Rebounding crude oil prices; recovering rigs count, especially of North America; increasing share of hydraulically fractured oil & gas in the USA; increasing share of horizontal wells drilling in the USA; increasing average lateral length of wells; and increasing average number of frac stages are some of the major factors that are driving the demand for frac plugs and balls.

The market for composite frac plugs and balls is highly dependent on the hydraulic fracturing activity which in turn, is dependent on the volatility of crude oil prices.

Despite the short-term fluctuations in composite frac plugs and balls demand in North America caused by dropping new shale oil & gas activities that is a result of the decreasing crude oil prices, the long-term business outlook seems promising with good growth potential in the foreseen future.

North America is expected to remain the largest as well as the fastest-growing market during the forecast period.

The USA is the growth engine of the North American as well as the global composite frac plugs and balls market and will continue to drive the region’s market over the next five years.

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Market Insights By Product Type •

Frac plug dominates the total market and is expected to remain the larger and faster-growing segment of the market over the next five years.

Composite frac plug is the highly-used technology in the plug-n-perf method, which optimizes the entire lifecycle of extraction of natural gas from run, set, test, hold, and mill.

By Region •

North America is expected to remain the largest as well as the fastest-growing market during the forecast period.

The USA is the growth engine of the North American as well as the global composite frac plugs and balls market and will continue to drive the region’s market over the next five years.

It is estimated that hydraulic fracturing accounts for about 70% share of the new oil and natural gas wells drilled in the USA, where plug-n-perf is the most dominant method. This is assuring a huge demand for composite frac plugs and balls in the country.

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Competitive Insights New product development, collaboration with customers, and regional expansion are the key strategies adopted by the key players to gain a competitive edge in the market.

Key Companies Analysed •

Baker Hughes

Downhole Technologies

General Plastics & Composites

Haliburton

Magnum Oil Tools

Repeat Precision LLC

Schlumberger Ltd.

Torquato Drilling Accessories

Weatherford International

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Research Methodology Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. Secondary Research • • • • • • • • •

Annual Reports / Fact Book Company Websites Magazines / Publications Press Releases & Journals Industry News Association Articles Government Documents Social Media Others

Stratview Research Internal Knowledgebase • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts

Primary Research • • • • • • •

Industry Players Industry Experts Suppliers Customers Associations Government Institutions Others

Data Analysis (Top Down and Bottom Up Approach)

Data Triangulation (Data Evaluation and Multiple Data Triangulation)

Final Deliverables (Final Report with All Findings) www.stratviewresearch.com

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Report Features This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: •

Market structure: Overview, industry life cycle analysis, supply chain analysis.

Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.

Market trend and forecast analysis.

Market segment trend and forecast.

Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.

Attractive market segments and associated growth opportunities.

Emerging trends.

Strategic growth opportunities for the existing and new players.

Key success factors.

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Market Segmentation By Product Type •

Frac Plugs

Frac Balls

By Resin Type •

Epoxy Composites

Phenolic Composites

Other Composites

By Process Type •

Injection Molding

Filament Winding

Compression Molding

By Sales Channel Type

Direct Sales

Distributors

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Market Segmentation By Region •

North America (Country Analysis: The USA and Rest of North America)

Europe (Country Analysis: CIS and Rest of Europe)

Asia-Pacific (Country Analysis: Australia, China, and Rest of Asia-Pacific)

Rest of the World (Country Analysis: Latin America, and MEA)

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About Stratview Research Stratview Research is a global market intelligence firm providing high quality syndicated reports, custom research and consulting services.

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Composite Frac PLugs & Balls Market  

This report, from Stratview Research, studies the global composite frac plugs and balls market over the trend period from 2013 to 2018 and t...

Composite Frac PLugs & Balls Market  

This report, from Stratview Research, studies the global composite frac plugs and balls market over the trend period from 2013 to 2018 and t...

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