Attractive Opportunities
Global Demand Analysis & Sales Opportunities in Composite Frac Plugs and Frac Balls Market
- The annual demand for composite frac plugs and frac balls was USD 789.1 million in 2024 and is expected to reach USD 850.9 million in 2025, up 5.8% than the value in 2024.
- During the forecast period (2025 to 2030), the composite frac plugs and frac balls market is expected to grow at a CAGR of 4.1%. The annual demand will reach of USD 1042.5 million in 2030.
- During 2025-2030, the composite frac plugs and frac balls industry is expected to generate a cumulative sales opportunity of USD 5735.50 million.
High-Growth Market Segments:
- North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.
- By Product type, Frac Plug is expected to remain the larger product category of the market during the forecast period.
- By Resin type, Epoxy resin is likely to be the largest and fastest-growing material type in the market during the forecast period.
- By Process type, Filament Winding is expected to remain at the forefront throughout the study period.
- By Sales type, Direct Sales are holding the larger market share over the forecasted period.
Market Statistics
Have a look at the sales opportunities presented by the composite frac plugs and frac balls market in terms of growth and market forecast.
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Composite Frac Plugs and Frac Balls Market Data & Statistics
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Market Statistics
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Value (in USD Billion)
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Market Growth (%)
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Annual Market Size in 2023
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USD 749.7 million
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-
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Annual Market Size in 2024
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USD 789.1 million
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YoY Growth in 2024: 7.8%
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Annual Market Size in 2025
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USD 850.9 million
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YoY Growth in 2025: 5.8%
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Annual Market Size in 2030
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USD 1042.5 million
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CAGR 2025-2030: 4.1%
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Cumulative Sales Opportunity during 2025-2030
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USD 5735.50 million
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-
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Top 10 Countries’ Market Share in 2024
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USD 712 million+
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> 80%
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Top 10 Company’s Market Share in 2024
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USD 442 million to 620 million
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50% - 70%
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Segment Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Product-Type Analysis
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Frac Plugs and Frac Balls
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Frac plug is expected to remain the larger product category of the market during the forecast period.
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Resin- Type Analysis
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Epoxy, Phenolic, and Others
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Epoxy resin is likely to be the largest and fastest-growing material type in the market during the forecast period.
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Process- Type Analysis
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Compression Molding, Filament Winding, and Injection Molding
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Filament winding is expected to remain the dominant as well as the fastest-growing process type.
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Sales- Type Analysis
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Direct Sales and Distributor Sales
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Direct sales are holding the larger market share over the forecasted period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.
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By Product Type
"Frac plug segment accounted for the largest market share."
- Based on the product type, the composite frac plug & balls market is segmented into frac plugs and frac balls. Frac plug is anticipated to be the dominant product in the market during the forecast period.
- The dominance of frac plugs in hydraulic fracturing operations is due to their critical role in zonal isolation, controlled fracturing, and efficient well cleaning. Frac plugs are versatile tools that offer greater customization and adaptability to wellbore conditions, making them a more prominent product type in the industry. Composite frac plugs offer exceptional strength and durability, ensuring reliable zonal isolation during hydraulic fracturing operations. They are resistant to corrosion, which is crucial in the harsh downhole environment. Composite materials also provide a lightweight yet robust solution, reducing the risk of damage during installation.
- Additionally, composite frac plugs are cost-effective, with longer service life and reduced maintenance needs. As the oil & gas industry prioritizes efficiency, environmental compliance, and cost savings, composite frac plugs have emerged as the preferred choice, making them the dominant option in the market.
By Resin Type
"Epoxy resin segment accounted for the largest market share."
- Based on the resin type, the market is segmented into epoxy, phenolic, and others. Epoxy resin is expected to be the dominant resin in the composite frac plugs & balls market during the forecast period. Epoxy resins offer several advantages when used in composite frac plugs. These include excellent mechanical properties, resistance, and interlaminar strength.
- Additionally, they have high tensile strength, good fatigue properties, and are compatible with both glass and carbon fibers. Epoxy resins also possess excellent adhesive properties and have a low shrinkage ratio.
Process Trends
"Filament winding segment accounted for the largest market share."
- Based on the process type, the market is segmented into compression molding, filament winding, and injection molding. Filament winding is estimated to be the dominant as well as the fastest-growing process in the composite frac plugs and balls market. Frac plugs are mostly produced using the filament winding process, which is ideal for manufacturing medium-to-large-diameter parts with longer lengths.
- This process is best suited for structures with diameters ranging from 1 inch to 24 inches and lengths between 10 to 20 feet. Additionally, it is considered the optimal method for large-scale production runs. In addition to that, this process allows precise placement of reinforcing materials, such as fiberglass, in a controlled pattern, resulting in a composite structure with an exceptional strength-to-weight ratio. Filament winding ensures consistent quality, reducing the risk of defects.
- Moreover, it enables manufacturers to produce complex shapes with ease, meeting the varied design requirements of frac plugs and balls. As the oil & gas industry values reliability, durability, and cost-efficiency, the filament winding process delivers these benefits, securing a large market segment for composite frac plugs and balls.
Regional Analysis
"North America accounted for the largest market share."
- In terms of regions, North America is expected to be the largest region for the composites frac plugs & balls market. The market is primarily driven by the abundance of technically recoverable shale oil reserves, the well-established infrastructure of shale gas, and the processing capabilities in North America. Half of the country's crude oil is sourced from fracking.
- The Permian and Eagle Ford basins are the major regions for composite frac plugs and balls. Moreover, there has been an acceleration in the production of oil & gas composite components to cater to the huge demand from the growing shale gas exploration and production activities.
- Furthermore, the region boasts a mature and technologically advanced oil & gas industry, with well-established drilling and completion operations. This has created a substantial market for composite frac plugs and balls.
Competitive Landscape
Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the composite frac plugs and frac balls market -
- Halliburton Company
- Nine Energy Services Inc.
- Schlumberger NV
- NCS Multistage
- NexTier Oilfield Solutions
- KLX Energy Services Holdings
- Innovex Downhole Solutions Inc.
- Weatherford International plc
- Baker Hughes Company
- Downhole Technology LLC
Note: The above list does not necessarily include all the top players of the market.
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Recent Developments/Mergers & Acquisitions:
- In October 2019, Downhole Technology, LLC, and Resource Well Completion Technologies, Inc. merged. These combined businesses, wholly owned by Schoeller-Bleckmann Oilfield Equipment AG, will operate under the newly formed, The WellBoss Company.
- In 2018, Nine Energy Service, Inc. announced the acquisition of Magnum Oil Tools International, Ltd., a market-leading downhole technology provider serving the global oil & gas industry for over a decade. Magnum has a broad offering of proprietary downhole completion products, including dissolvable and composite frac plugs and several other patented consumables.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- 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 Study Period
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2019-2030
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Base Year
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2024
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Forecast Period
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2025-2030
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Trend Period
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2019-2023
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Number of Tables & Figures
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>100
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Number of Segments Analysed
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5 (Product Type, Resin Type, Process Type, Sales Type, and Region)
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Number of Regions Analysed
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4 (North America, Europe, Asia-Pacific, Rest of the World)
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Countries Analysed
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15 (The USA, Canada, Mexico, Germany, France, Italy, The UK, China, Japan, India, Brazil, Saudi Arabia, Rest of Europe, Rest of APAC, and Rest of the World)
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Free Customization Offered
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10%
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After Sales Support
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Unlimited
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Report Presentation
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Complimentary
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Market Dataset
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Complimentary
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Further Deep Dive & Consulting Services
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10% Discount
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Market Segmentation
This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The composite frac plugs and frac balls market is segmented into the following categories.
By Product Type
By Resin Type
By Process Type
- Compression Molding
- Filament Winding
- Injection Molding
By Sales Type
- Direct Sales
- Distributor Sales
By Region
- North America (Country Analysis: The USA and Rest of North America)
- Europe (Country Analysis: CIS and The Rest of Europe)
- Asia-Pacific (Country Analysis: China, Australia, and The Rest of Asia-Pacific)
- Rest of the World (Country Analysis: The Middle East and Latin America)
Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s composite frac plug & balls market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].
Market Dynamics
Introduction:
What are the composite frac plugs and frac balls?
Composite frac plugs and frac balls are critical components used in hydraulic fracturing (fracking) operations within the oil and gas industry. Both are designed to isolate specific sections of a wellbore to enable controlled fracturing of rock formations, thereby enhancing hydrocarbon extraction efficiency.
Composite Frac Plugs:
Composite frac plugs are temporary downhole tools made primarily from composite materials such as carbon fiber, fiberglass, or resin-based composites. They are used to isolate sections of the well during multistage fracturing operations. Once a specific stage is fractured, the plug prevents fluid communication between stages, allowing precise control over pressure and flow. Compared to traditional metal plugs, composite plugs are lightweight, easy to drill out, and reduce cleanup time after fracturing. Their high strength-to-weight ratio and temperature resistance make them ideal for both conventional and unconventional wells, improving operational efficiency and reducing costs.
Frac Balls:
Frac balls, often made of composite materials or dissolvable polymers, are spherical devices used to activate sliding sleeves or open specific ports during the hydraulic fracturing process. When pumped down the wellbore, the frac ball lands on a corresponding seat within the plug or sleeve, sealing off that zone and allowing pressure to build up for fracturing the targeted formation. Composite or dissolvable frac balls offer the advantage of being lightweight and easier to remove or dissolve after operations, minimizing the need for costly retrieval or milling.
