DNV GL and Nanyang Technological University, Singapore (NTU Singapore) are supporting academic advances in additive manufacturing – the process of 3D printing – for the maritime, oil and gas and other industries, through a four-year research collaboration agreement.
The research agreement will focus on developing industry standards, quality assurance processes, certification, and supply chain tracking for the additive manufacturing sector.
Market researchers SmarTech Publishing forecast that 3D printing will become a USD450 M market in the oil and gas industry by 2021, rising to USD1.4 B by 2025.
The investment in academia comes after DNV GL engaged in a joint industry project to study the feasibility of 3D printing in the maritime industry earlier this year, alongside 10-member companies from the Singapore Ship Association.
They will collaborate on the potential use of spare parts produced by 3D printers to help the capital-intensive maritime industry to cut costs and downtimes. Initiated by the Maritime and Port Authority of Singapore, the JIP aims to establish what commonly ordered parts are highly feasible for 3D printing with or without certification respectively.