Composite Frac Plugs and Frac Balls Market
Report code - SROG103 | Published On : NA | Status: Upcoming

Composite Frac Plugs and Frac Balls Market 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 Others), by Sales Channel Type (Direct Sales and Distributors), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023

This report, from Stratview Research, studies the global composites frac plugs and frac balls market over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. 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: Highlights

Composite frac plugs and frac balls are designed to provide zonal isolation of the wellbore between multistage stimulation treatments during the hydraulic fracturing. These composite balls and plugs are made from glass fiber and epoxy or phenolic resin and are easier to mill out than metal plugs and balls. They can withstand higher pressures and temperatures than traditional plastic and dissolvable salt balls.

Frac plugs are generally in the range from 4.5 to 5.5 inches in diameter and 22 to 30 inches in length, whereas frac balls typically measure from 1.0 to 5.75 inches in diameter. A single wellbore requires 10 to 40 multi-part frac plugs to pressurize and perforate multiple oil and gas producing layers, also known as stages. The volatility in crude oil prices adversely impacted the demand for composite frac plugs and frac balls. Many oil & gas exploration activities have been shut down due to decreasing oil prices.

Despite the short-term fluctuations in composite frac plugs and frac balls demand in North America caused by dropping new shale oil & gas rig 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.

The global composite frac plugs and frac balls market offers a healthy growth opportunity during the forecast period of 2018 to 2023. Recovery of oil & gas exploration activities, mammoth shale gas reserve in different parts of the world, especially in the USA, and superior performance of composite frac plugs and balls over their rival are the major factors burgeoning the growth of the market. Both composite frac plugs and frac balls are expected to experience similar growth in the next five years, driven by increasing use of composites frac balls and plugs in the onshore oil & gas application.

The supply chain of this market comprises raw material manufacturers, composite frac plugs and balls manufacturers, drilling contractors, EPC contractors and operators (oil & gas companies). The key oil & gas service companies are Baker Hughes, Halliburton (Houston), Schlumberger (Houston) and Weatherford International (Zug, Switzerland). The key oil & gas companies are British Petroleum, Shell, Exxon Mobil, Chevron, and ConocoPhillips.

The key composite frac plugs and balls manufacturers are Baker Hughes, Magnum Oil Tools, Boss Hog Frac Plugs, The Gund Co, Team Oil Tools, and Downhole Composites. 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.   

Research Methodology

This report offers high-quality insights and is the outcome of 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 1,500 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. About 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both the qualitative and quantitative insights.

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 into 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

 

The global composite frac plugs and frac balls market is segmented into the following categories. 

Composite Frac Plugs and Frac Balls Market by Product Type:

  • Frac Plugs (Regional Analysis: North America, Europe, The Middle East, and RoW)
  • Frac Balls (Regional Analysis: North America, Europe, The Middle East, and RoW)

Composite Frac Plugs and Frac Balls Market by Resin Type:

  • Epoxy Resin (Regional Analysis: North America, Europe, The Middle East, and RoW)
  • Phenolic Resin (Regional Analysis: North America, Europe, The Middle East, and RoW)
  • Other Resins (Regional Analysis: North America, Europe, The Middle East, and RoW)

Composite Frac Plugs and Frac Balls Market by Manufacturing Process Type:

  • Injection Molding (Regional Analysis: North America, Europe, The Middle East, and RoW)
  • Filament Winding (Regional Analysis: North America, Europe, The Middle East, and RoW)
  • Other Processes (Regional Analysis: North America, Europe, The Middle East, and RoW)

Composite Frac Plugs and Frac Balls Market by Sales Channel Type:

  • Direct Sales (Regional Analysis: North America, Europe, The Middle East, and RoW)
  • Distributors (Regional Analysis: North America, Europe, The Middle East, and RoW)

Composite Frac Plugs and Frac Balls Market by Region:

  • North America
  • Europe
  • The Middle East
  • Rest of the World

 

Report 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 3 players)
  • SWOT analysis of key players (up to 3 players)

Geographic Analysis

  • Further segmentation of North America into the USA, Canada, and Mexico

Regional Segmentation

  • Current market segmentation of any one of the regions by product type

Custom Research: Stratview research offers custom research services across the 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 at sales@stratviewresearch.com.


List of Figures

List of Tables

Disclaimer

Copyright

Abbreviation

Currency Exchange

About Us

Research Methodology

Secondary Research

Key Information Gathered from Secondary Research

Primary Research

Key Information Gathered from Primary Research

Breakdown of Primary Interviews by Region, Designation, and Value Chain Node

Data Analysis and Triangulation

Report Scope

Report Objectives 

1.       Executive Summary  

2.       Composite Frac Plugs and Frac Balls Market - Overview and Market Forces

2.1.                Introduction

2.2.                Market Segmentation

2.2.1.                         By Product Type 

2.2.2.                         By Resin Type 

2.2.3.                         By Manufacturing Process  

2.2.4.                         By Sales Channel

2.2.5.                         By Region

2.3.                Market Drivers

2.4.                Market Constraints

2.5.                Supply Chain Analysis

2.6.                PEST Analysis: Impact Assessment of Changing Business Environment

2.7.                Industry Life Cycle Analysis

2.8.                Porter’s Five Forces Analysis

2.8.1.                         Bargaining Power of Suppliers

2.8.2.                         Bargaining Power of Customers

2.8.3.                         Threat of New Entrants

2.8.4.                         Threat of Substitutes

2.8.5.                         Competitive Rivalry

2.9.                SWOT Analysis

3.       Composite Frac Plugs and Frac Balls Market Analysis – By Product Type 

3.1.                Strategic Insights 

3.2.                Global Composite Frac Plugs Market (US$ Million and Million Units) (2012-2023)

3.2.1.                         Regional Trend and Forecast (US$ Million and Million Units) (2012-2023)

3.3.                Global Composite Frac Balls Market (US$ Million and Million Units) (2012-2023)

3.3.1.                         Regional Trend and Forecast (US$ Million and Million Units) (2012-2023)

4.       Composite Frac Plugs and Frac Balls Market Analysis – By Resin Type 

4.1.                Strategic Insights 

4.2.                Epoxy Composites: Frac Plugs and Frac Balls Market (US$ Million and Million Units) (2012-2023)

4.2.1.                         Regional Trend and Forecast (US$ Million and Million Units) (2012-2023)

4.3.                Phenolic Composites: Frac Plugs and Frac Balls Market (US$ Million and Million Units) (2012-2023)

4.3.1.                         Regional Trend and Forecast (US$ Million and Million Units) (2012-2023)

4.4.                Other Composites: Frac Plugs and Frac Balls Market (US$ Million and Million Units) (2012-2023)

4.4.1.                         Regional Trend and Forecast (US$ Million and Million Units) (2012-2023)

5.       Composite Frac Plugs and Frac Balls Market Analysis – By Manufacturing Process Type 

5.1.                Strategic Insights 

5.2.                Filament Winding: Composite Frac Plugs and Frac Balls Market (US$ Million and Million Units) (2012-2023)

5.2.1.                         Regional Trend and Forecast (US$ Million and Million Units) (2012-2023)

5.3.                Injection Molding: Composite Frac Plugs and Frac Balls Market (US$ Million and Million Units) (2012-2023)

5.3.1.                         Regional Trend and Forecast (US$ Million and Million Units) (2012-2023)

5.4.                Other Processes: Composite Frac Plugs and Frac Balls Market (US$ Million and Million Units) (2012-2023)

5.4.1.                         Regional Trend and Forecast (US$ Million and Million Units) (2012-2023)

6.       Composite Frac Plugs and Frac Balls Market Analysis – By Sales Channel Type

6.1.                Strategic Insights 

6.2.                Direct Sales: Composite Frac Plugs and Frac Balls Market (US$ Million and Million Units) (2012-2023)

6.2.1.                         Regional Trend and Forecast (US$ Million and Million Units) (2012-2023)

6.3.                Distributors: Composite Frac Plugs and Frac Balls Market (US$ Million and Million Units) (2012-2023)

6.3.1.                         Regional Trend and Forecast (US$ Million and Million Units) (2012-2023)

7.       Composite Frac Plugs and Frac Balls Market – By Region 

7.1.                Strategic Insights 

7.2.                North American Composite Frac Plugs and Frac Balls Market (US$ Million and Million Units) (2012-2023)

7.3.                European Composite Frac Plugs and Frac Balls Market (US$ Million and Million Units) (2012-2023)

7.4.                The Middle East’s Composite Frac Plugs and Frac Balls Market (US$ Million and Million Units) (2012-2023)

7.5.                Rest of the World’s Composite Frac Plugs and Frac Balls Market (US$ Million and Million Units) (2012-2023)

8.       Competitive Analysis

8.1.                Strategic Insights

8.2.                Product Portfolio Analysis

8.3.                Presence by Resin System

8.4.                Geographical Presence

8.5.                New Product Launches

8.6.                Mergers and Acquisitions

8.7.                Market Share Analysis

9.       Strategic Growth Opportunities

9.1.                Strategic Insights

9.2.                Market Attractive Analysis

9.2.1.                         Market Attractiveness by Product Type

9.2.2.                         Market Attractiveness by Resin Type

9.2.3.                         Market Attractiveness by Manufacturing Process 

9.2.4.                         Market Attractiveness by Sales Channel 

9.2.5.                         Market Attractiveness by Region 

9.3.                Emerging Trends

9.4.                Key Success Factors

9.5.                Growth Matrix Analysis

10.   Company Profile of Key Players

10.1.            Baker Hughes

10.2.            Boss Hog Frac Plugs

10.3.            Downhole Composites

10.4.            General Plastics & Composites

10.5.            Magnum Oil Tools

10.6.            Protek Systems

10.7.            Team Oil Tools

10.8.            The Gund Co.

10.9.            Torquato Drilling Accessories



By clicking Submit button you accept our terms and conditions


Share :

Purchase Report

$4,790
Single user license
$6,590
Multi User License
$8,590
Enterprise License

Looking for Customized Report?

By clicking Submit button you accept our terms and conditions

Our Clients

Call Us : +1-313-307-4176