The global oil & gas industry experienced a 5% decline in the number of 3D printing-related patent applications in Q2 2023 compared with the previous quarter. The total number of 3D printing-related grants dropped by 17% in Q2 2023, according to GlobalData’s Patent Analytics. The 3D printing industry is on an upwards curve, with growing usage in key industry verticals. GlobalData’s 3D Printing Market Size, Share, Trends Analysis, and Segment Forecast to 2026 report offers a thorough analysis of the global 3D printing market size, competitive landscape and key opportunities for the 2019-2026 period. Buy the report here.
Notably, the number of 3D printing-related patent applications in the oil & gas industry was 304 in Q2 2023, versus 319 in the prior quarter.
The top five companies accounted for 22% of patenting activity
Analysis of patenting activity by companies shows that BASF filed the most 3D printing patents within the oil & gas industry in Q2 2023. The company filed 23 3D printing-related patents in the quarter, compared with 21 in the previous quarter. It was followed by Solvay with 14 3D printing patent filings, RAG-Stiftung (11 filings), and Xerox (9 filings) in Q2 2023.
Patenting activity was driven by the US with a 27% share of total patent filings
The largest share of 3D printing related patent filings in the oil & gas industry in Q2 2023 was in the US with 27%, followed by China (23%) and Japan (8%). The share represented by the US was 2% higher than the 25% share it accounted for in Q1 2023.
For further understanding of GlobalData's 3D Printing Market Size, Share, Trends Analysis, and Segment Forecast to 2026 buy the report here.