The global oil & gas industry experienced a 29% decline in the number of 3D printing-related patent applications in Q1 2023 compared with the previous quarter. The total number of 3D printing-related grants dropped by 34% in Q1 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 220 in Q1 2023, versus 310 in the prior quarter.
The top five companies accounted for 26% of patenting activity
Analysis of patenting activity by companies shows that Arkema filed the most 3D printing patents within the oil & gas industry in Q1 2023. The company filed 17 3D printing-related patents in the quarter, compared with 23 in the previous quarter. It was followed by BASF with 15 3D printing patent filings, Solvay (10 filings), and PPG Industries (8 filings) in Q1 2023.
Patenting activity was driven by Japan with a 19% share of total patent filings
The largest share of 3D printing related patent filings in the oil & gas industry in Q1 2023 was in Japan with 19%, followed by China (17%) and the US (9%). The share represented by Japan was 3% higher than the 16% share it accounted for in Q4 2022.
For further understanding of GlobalData's 3D Printing Market Size, Share, Trends Analysis, and Segment Forecast to 2026 buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
