A New Dimension: 3D Printing Technology Makes an Entry into the Gas and Oil Market

Additive manufacturing, rapid manufacturing, and rapid prototyping are also common names for 3D printing. This technology makes use of a printer to make physical objects from digital models. In order to achieve the desired finish, quality, and mechanical properties, processes such as laser metal fusion, wire arc, selective laser sintering, laser metal deposition, electron beam melting, additive manufacturing, and thermal spraying require process gases. The widely used gases in this technology include Helium, argon, and nitrogen.

The Global 3D Printing Gases Market Size accounted for USD 43.06 Million in 2020 and is expected to reach USD 111.73 Million by 2028, growing at a CAGR of 10.23% from 2021 to 2028.

3D Printing Technology Makes an Entry into the Gas and Oil Market

3D printing technology has hit the global market again. It was firstly used in the 90s and since then the technology hasn’t looked back. However, the technology has its merits and demerits. 3D printing technology is used to make handguns, body parts, shoes, and others. Right now, the 3D printing technology has reached a point where it is entering into the mainstream consumer and manufacturing market. The greater diversification in the 3D-printable items, technology sophistication, and low equipment cost is going to influence the 3D printing market. This technology has currently moved from the prototype version of the actual complex manufacturing product creation. 

3D printing technology is expected to permeate into the industrial sector to make the digital technology mainstream there. Recently, the oil and gas companies are making use of the 3D printing techniques. The 3D printing technology is going to increase the revenue and meet the supply chain of the public in the coming years. Lately, the GE Oil and Gas uses plastic and metal 3D printers for reducing the time from 12 weeks to 12 times for prototyping certain parts design loop. The company has already used this technology to produce electric submersible pumps. Thus, the major aim of the new 3D printing technique is to reduce the cost of manufacturing as well as the time required to get the production complete. The use of this technology can lead to the manufacturing of the products at a faster pace and on a larger scale than the conventional methods. The on-demand and on-site production are also possible today. The insource manufacturing capability makes one-stop shop efficient and also the digital storage of spare parts, warehousing and supply costs for the oil and gas companies is minimized, and the long and expensive transportation process to the remote areas could be reduced.

The regions dominating in the 3D printing gases market include Latin America, Asia-Pacific, North America, Europe, and the Middle East and Africa. The key players leading the market include Messer Group, The Linde Group, Air Liquide S.A., Airgas Inc., Air Products and Chemicals Inc, BASF SE, and others. This technology is sending its waves all across the globe.

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