Global Prestressed Concrete(PC) Steel Bar Market Growth 2025-2031
Description
The global Dissolvable Magnesium Frac Plug market size is predicted to grow from US$ 286 million in 2025 to US$ 445 million in 2031; it is expected to grow at a CAGR of 7.7% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
A dissolvable magnesium frac plug is a specialized downhole tool used in the oil and gas industry for staged hydraulic fracturing operations. Constructed primarily from magnesium-based alloys, this plug is designed to temporarily seal off specific sections of a wellbore, enabling the controlled fracturing of targeted reservoir zones. Its defining feature is its ability to dissolve gradually in the presence of wellbore fluids (such as water or brine) and under reservoir conditions, eliminating the need for mechanical removal via coiled tubing or other intervention methods. This dissolvable property ensures minimal post-fracturing residue, reducing operational risks and costs while streamlining production processes. Engineered to withstand high pressures and temperatures during fracturing, the plug provides reliable sealing and anchoring capabilities, then dissolves naturally to facilitate unobstructed fluid flow and subsequent well production.
United States market for Dissolvable Magnesium Frac Plug is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Dissolvable Magnesium Frac Plug is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Dissolvable Magnesium Frac Plug is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Dissolvable Magnesium Frac Plug players cover Galaxy, Vertice Oil Tools, China Vigor Drilling Oil Tools and Equipment, Jiangsu KEFENG Petrochemical Machinery Co., Ltd, Sichuan Wewodon Petroleum Technology Co., Ltd., etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Dissolvable Magnesium Frac Plug Industry Forecast” looks at past sales and reviews total world Dissolvable Magnesium Frac Plug sales in 2024, providing a comprehensive analysis by region and market sector of projected Dissolvable Magnesium Frac Plug sales for 2025 through 2031. With Dissolvable Magnesium Frac Plug sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Dissolvable Magnesium Frac Plug industry.
This Insight Report provides a comprehensive analysis of the global Dissolvable Magnesium Frac Plug landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Dissolvable Magnesium Frac Plug portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Dissolvable Magnesium Frac Plug market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Dissolvable Magnesium Frac Plug and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Dissolvable Magnesium Frac Plug.
This report presents a comprehensive overview, market shares, and growth opportunities of Dissolvable Magnesium Frac Plug market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Small Caliber Dissolvable Frac Plug
Large Caliber Dissolvable Frac Plug
Segmentation by Application:
Oil and Gas Field Fracturing Operations
Wellbore Sealing
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Galaxy
Vertice Oil Tools
China Vigor Drilling Oil Tools and Equipment
Jiangsu KEFENG Petrochemical Machinery Co., Ltd
Sichuan Wewodon Petroleum Technology Co., Ltd.
China Hunan High Broad New Material
Repeat Precision
Halliburton
Schlumberger
Nine Energy Service
Key Questions Addressed in this Report
What is the 10-year outlook for the global Dissolvable Magnesium Frac Plug market?
What factors are driving Dissolvable Magnesium Frac Plug market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Dissolvable Magnesium Frac Plug market opportunities vary by end market size?
How does Dissolvable Magnesium Frac Plug break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
A dissolvable magnesium frac plug is a specialized downhole tool used in the oil and gas industry for staged hydraulic fracturing operations. Constructed primarily from magnesium-based alloys, this plug is designed to temporarily seal off specific sections of a wellbore, enabling the controlled fracturing of targeted reservoir zones. Its defining feature is its ability to dissolve gradually in the presence of wellbore fluids (such as water or brine) and under reservoir conditions, eliminating the need for mechanical removal via coiled tubing or other intervention methods. This dissolvable property ensures minimal post-fracturing residue, reducing operational risks and costs while streamlining production processes. Engineered to withstand high pressures and temperatures during fracturing, the plug provides reliable sealing and anchoring capabilities, then dissolves naturally to facilitate unobstructed fluid flow and subsequent well production.
United States market for Dissolvable Magnesium Frac Plug is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Dissolvable Magnesium Frac Plug is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Dissolvable Magnesium Frac Plug is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Dissolvable Magnesium Frac Plug players cover Galaxy, Vertice Oil Tools, China Vigor Drilling Oil Tools and Equipment, Jiangsu KEFENG Petrochemical Machinery Co., Ltd, Sichuan Wewodon Petroleum Technology Co., Ltd., etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Dissolvable Magnesium Frac Plug Industry Forecast” looks at past sales and reviews total world Dissolvable Magnesium Frac Plug sales in 2024, providing a comprehensive analysis by region and market sector of projected Dissolvable Magnesium Frac Plug sales for 2025 through 2031. With Dissolvable Magnesium Frac Plug sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Dissolvable Magnesium Frac Plug industry.
This Insight Report provides a comprehensive analysis of the global Dissolvable Magnesium Frac Plug landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Dissolvable Magnesium Frac Plug portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Dissolvable Magnesium Frac Plug market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Dissolvable Magnesium Frac Plug and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Dissolvable Magnesium Frac Plug.
This report presents a comprehensive overview, market shares, and growth opportunities of Dissolvable Magnesium Frac Plug market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Small Caliber Dissolvable Frac Plug
Large Caliber Dissolvable Frac Plug
Segmentation by Application:
Oil and Gas Field Fracturing Operations
Wellbore Sealing
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Galaxy
Vertice Oil Tools
China Vigor Drilling Oil Tools and Equipment
Jiangsu KEFENG Petrochemical Machinery Co., Ltd
Sichuan Wewodon Petroleum Technology Co., Ltd.
China Hunan High Broad New Material
Repeat Precision
Halliburton
Schlumberger
Nine Energy Service
Key Questions Addressed in this Report
What is the 10-year outlook for the global Dissolvable Magnesium Frac Plug market?
What factors are driving Dissolvable Magnesium Frac Plug market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Dissolvable Magnesium Frac Plug market opportunities vary by end market size?
How does Dissolvable Magnesium Frac Plug break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
103 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Laser Cutting Control System by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Laser Cutting Control System by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
