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Global Composite Frac Plugs and Frac Balls Market Anticipated to Grow at a CAGR of 5.8% During 2019-2025 - Industry Analysis and Outlook

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Albany, NY -- (SBWIRE) -- 04/11/2019 -- Composite Frac Plugs and Frac Balls Market report includes (6 Year Forecast 2019-2025) includes Overview, classification, industry value, price, cost and gross profit. It also offers in-intensity insight of the Composite Frac Plugs and Frac Balls industry masking all vital parameters along with, Drivers, Market Trends, Market Dynamics, Opportunities, Competitive Landscape, Price and Gross Margin, Composite Frac Plugs and Frac Balls market Share via Region, New Challenge Feasibility Evaluation, Analysis and Guidelines on New mission Investment.

This report focuses on Frac Plugs. Frac Plugs is a device used to isolate zones in wells during plug-and-perf operations.

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The global frac plugs market was 283.62 million USD in 2017, it is forecast to reach 432.34 million USD in 2023.The global sales of Frac Plugs in 2017 have been over 160.6 K Units; The major consumption regions are North America, Mideast & Africa, Europe, Asia-Pacific, South America. North America is the largest consumption region which accounting for about 54% market share in terms of value in 2017.

In the future, the growing safety awareness will play an important role in the development of the Frac Plugs. In the future, if any company wants to enter into the industry, the new type of product will be an important feature.

We forecast that the global Frac Plugs market will average grow at of 6.4 % from 2018 to 2023 in terms of value.

The global Composite Frac Plugs and Frac Balls market is valued at 320 million US$ in 2018 is expected to reach 470 million US$ by the end of 2025, growing at a CAGR of 5.8% during 2019-2025.

This report focuses on Composite Frac Plugs and Frac Balls volume and value at global level, regional level and company level. From a global perspective, this report represents overall Composite Frac Plugs and Frac Balls market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:
Downhole Technology
Rubicon Oilfield International
SPT Energy

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Segment by Regions
North America

Segment by Type
Composite Plugs
Dissolvable Plugs
Cast Iron Plugs

Segment by Application
Vertical Wells
Horizontal Wells

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