The use of additive manufacturing, or 3D printing, is gradually increasing in the oil and gas industry.

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Currently accounting for less than 0.1% of the overall global manufacturing market, which is currently valued at US$12.7 trillion, it is estimated that the 3D printing market will be worth US$32 billion by 2025 and over US$60 billion by 2030, says GlobalData. GlobalData’s latest thematic report, ‘ 3D Printing in Oil & Gas ’, states that 3D printing has emerged as one of the key enabling technologies in driving industrial productivity.

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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 to save costs. Ravindra Puranik, Oil & Gas Analyst at GlobalData, comments: “The oil and gas […]

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