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3D Printing in Oil & Gas Market is Estimated to be Worth $32 Billion by 2025 – ResearchAndMarkets.com

3D Printing in Oil & Gas Market is Estimated to be Worth $32 Billion by 2025 - ResearchAndMarkets.com

Written by David

December 2, 2019

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The use of additive manufacturing, or 3D printing, is gradually increasing in the Oil and Gas industry. Currently accounting for less than 0.1% of the overall global manufacturing market, which is currently valued at $12.7 trillion, it is estimated that the 3D printing market will be worth $32bn by 2025 and over $60bn by 2030, according to the latest report 3D Printing in Oil & Gas – Thematic Research.

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3D printing has emerged as one of the key enabling technologies in driving industrial productivity. Over the years, 3D printing technology has become prominent in different industries and has significantly influenced automotive and aerospace manufacturing. In the Oil and Gas sector, some of the technology’s applications include manufacturing spare parts on site, testing new product designs and simplifying inventory management […]

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