Isostatic Pressing Market Size, Share & Growth Insights

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The Isostatic Pressing Global Market Report 2023 by The Business Research Company, provides isostatic pressing market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/isostatic-pressing-global-market-report

According to The Business Research Company’s Isostatic Pressing Global Market Report 2023, the global isostatic pressing market size grew from $6.93 billion in 2022 to $7.55 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of isostatic pressing is expected to grow to $10.7 billion in 2027 at a CAGR of 9.1%.

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.

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The isostatic pressing market is segmented:

1) By Type: Hot 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 Hip, Medium Sized Hip, Large Sized Hip

5) By End-User Industry: Manufacturing, Automotive, Electronics And Semiconductor, Medical, Aerospace And Defense, Energy And Power, Research And Development, Other End-Users

Increase in investment in HIP technology is a key trend gaining popularity in the isostatic pressing market. Many companies are investing in the companies operating in the isostatic pressing market to strengthen their position. For instance, in January 2020, HT-MX, a Mexico-based industrial company specialises in heat treatment and metallurgical laboratory services for the aerospace and automotive markets, invested in Quintus’ QIH 48 M URC press as part of its entry into the hot isostatic pressing market.

The isostatic pressing market report table of contents includes: