The use of additive manufacturing is gradually increasing in the oil and gas industry, according to a new report from GlobalData.

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Over the years, 3D printing has become prominent in different industries and has significantly influenced automotive and aerospace manufacturing. The technology will be worth $32 billion by 2025 worldwide and over $60 billion by 2030, the data and analytics company has said.

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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 to save costs.

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Ravindra Puranik, oil & gas analyst at GlobalData, commented: “The oil and gas industry has shown slow but steady adoption of 3D printing in recent years. Initially, this technology was largely limited to polymer-based products. However, recent advancements in metal-based 3D printing are making this technology more relevant to the oil and gas industry.” The key benefit of […]

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