Overview and Scope
Isostatic pressing refers to powder metallurgy (PM) procedure that evenly presses a powder compact in all directions to provide the greatest possible uniformity of density and microstructure without the geometrical restrictions of uniaxial pressing.
Sizing and Forecast
The isostatic pressing market size has grown strongly in recent years. It will grow from $7.3 billion in 2023 to $7.85 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to growth in the aerospace industry, the increasing manufacturing production, the growing defense budgets and increasing automotive production.
The isostatic pressing market size is expected to see strong growth in the next few years. It will grow to $10.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to the increasing urbanization, the rising electricity demand and the increasing healthcare expenditure and growth in the medical devices industry. Major trends in the forecast period include focus on strategic investments, capacity expansions, technological advancements, new advanced project developments, product innovations, installation of new machines and strategic partnerships and collaborations.
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Segmentation & Regional Insights
The isostatic pressing market covered in this report is segmented –
1) By Type: Isostatic Pressing (HIP), Cold Isostatic Pressing (CIP)
2) By Offering: Systems, Services
3) By Process Type: Wet Bag Pressing, Dry Bag Pressing
4) By Capacity: Small Sized, Medium Sized, Large Sized
5) By End-User Industry: Manufacturing, Automotive, Electronics And Semiconductor, Medical, Aerospace And Defense, Energy And Power, Research And Development, Other End-Users
North America was the largest region in the isostatic pressing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the isostatic pressing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rapidly growing aerospace and defense industry is significantly contributing to the growth of the isostatic pressing market. The aerospace and defense industry is involved in designing, manufacturing, and developing advanced space systems, aircraft, and defense capabilities. Isostatic pressing is used in the aerospace industry for manufacturing aerospace castings, jet aircraft engine components, and turbine blades. In the defense industry, it is used in the production of bulletproof materials, gun parts, and others. The growing aerospace and defense sector will propel the growth of isostatic pressing. For instance, according to India Brand Equity Foundation, an Indian Government export promotion agency, the aerospace, and defense sector will reach $70 billion by 2030 due to demand for advanced infrastructure. Therefore, the rapidly growing aerospace and defense industry will promote the growth of the isostatic pressing market.
Key Industry Players
Major companies operating in the isostatic pressing market report are Kobe Steel Ltd, Aalberts N.V, Nikkiso Co. Ltd, Bodycote PLC, Hoganas AB, Pressure Technology Inc, Hiperbaric, FREY & Co. GmbH, Dorst Technologies GmbH & Co. KG, MTI Corporation, Shanxi Golden Kaiyuan Co. Ltd, Shenyang Kejing Auto-instrument Co. Ltd, PTC Industries, Vima Engineers, Madhuchitt Industries, Xiamen Tmax Battery Equipments Limited, OC Oerlikon Management AG, CREMER Thermoprozessanlagen GmbH, Loomis Products Company, Isoform NV, Morgan Advanced Materials Plc, JSC Polema, Altha Powder Metallurgy Sp. z o.o, Z?omex S.A, Kennametal Inc, American Isostatic Presses Inc, Stack Metallurgical Group, Burloak Technologie, Magnesita Refratários S.A.
The isostatic pressing market report table of contents includes:
1. Executive Summary
2. Isostatic Pressing Market Characteristics
3. Isostatic Pressing Market Trends And Strategies
4. Isostatic Pressing Market – Macro Economic Scenario
5. Global Isostatic Pressing Market Size and Growth
…..
32. Global Isostatic Pressing Market Competitive Benchmarking
33. Global Isostatic Pressing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Isostatic Pressing Market
35. Isostatic Pressing Market Future Outlook and Potential Analysis
36. Appendix
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