The global isostatic pressing market size reached US$ 6.8 Billion in 2023. Looking forward, the market is projected to reach US$ 10.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.49% during 2023-2032.
Isostatic pressing (IP) refers to the process of forming powder metallurgy (PM) used for improving the porosity of metals. It includes hot and cold isostatic pressing (H/CIP) that involve the uniform application of pressurized water, oil or gas on powder compact to achieve consistent density and microstructure without geometrical limitations. Hot IP is used for merging titanium alloys and superalloys under high temperatures by solid-state diffusion. On the other hand, cold IP is used for compressing large-sized and complex components at ambient temperatures. These processes can also be used on ceramic balls, fuse and lighting tubes and spark plug insulators. As a result, IP processes find extensive applications across various industries, including automotive, aerospace, medical, energy and electronics.
2. What is the expected growth rate of the global isostatic pressing market during 2024-2032?
3. What are the key factors driving the global isostatic pressing market?
4. What has been the impact of COVID-19 on the global isostatic pressing market?
5. What is the breakup of the global isostatic pressing market based on the type?
6. What is the breakup of the global isostatic pressing market based on the offering?
7. What is the breakup of the global isostatic pressing market based on the application?
8. What are the key regions in the global isostatic pressing market?
9. Who are the key players/companies in the global isostatic pressing market?
Isostatic pressing (IP) refers to the process of forming powder metallurgy (PM) used for improving the porosity of metals. It includes hot and cold isostatic pressing (H/CIP) that involve the uniform application of pressurized water, oil or gas on powder compact to achieve consistent density and microstructure without geometrical limitations. Hot IP is used for merging titanium alloys and superalloys under high temperatures by solid-state diffusion. On the other hand, cold IP is used for compressing large-sized and complex components at ambient temperatures. These processes can also be used on ceramic balls, fuse and lighting tubes and spark plug insulators. As a result, IP processes find extensive applications across various industries, including automotive, aerospace, medical, energy and electronics.
Isostatic Pressing Market Trends
Significant growth in the aviation industry across the globe is one of the key factors creating a positive outlook for the market. IP is widely used for the manufacturing of defect-free components for tanks, artillery, military and private aircraft and spacecraft. HIP processes are also utilized for pressure-assisted brazing and fabrication of metal matrix composites. Moreover, the widespread adoption of additive manufacturing (AM) for combining ceramics and plastics is providing a thrust to the market growth. Additionally, the utilization of three-dimensional (3D) computer-aided design (CAD) modeling solutions is acting as another growth-inducing factor. CAD is widely used with metal injection molding (MIM), HIP and CIP processes for reducing porosity levels in 3D printing and enhancing flexibility and customizability. Other factors, including rapid industrialization, along with extensive research and development (R&D) activities in the field of precision manufacturing, are anticipated to drive the market toward growth.Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global isostatic pressing market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, offering and application.Breakup by Type:
- Hot Isostatic Pressing
- Cold Isostatic Pressing
Breakup by Offering:
- Services
- Systems
Breakup by Application:
- Automotive
- Aerospace and Defense
- Medical
- Precision Machine Manufacturing
- Energy and Power
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesian
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bodycote, Dorst Technologies GmbH & Co. KG, EPSI, Fluitron Inc., FREY & Co. GmbH, Hiperbaric, Höganäs AB, Isostatic Pressing Services, Kobe Steel Ltd., MTI Corporation, Nikkiso Co. Ltd. and Pressure Technology Inc.Key Questions Answered in This Report
1. What was the size of the global isostatic pressing market in 2023?2. What is the expected growth rate of the global isostatic pressing market during 2024-2032?
3. What are the key factors driving the global isostatic pressing market?
4. What has been the impact of COVID-19 on the global isostatic pressing market?
5. What is the breakup of the global isostatic pressing market based on the type?
6. What is the breakup of the global isostatic pressing market based on the offering?
7. What is the breakup of the global isostatic pressing market based on the application?
8. What are the key regions in the global isostatic pressing market?
9. Who are the key players/companies in the global isostatic pressing market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Isostatic Pressing Market
6 Market Breakup by Type
7 Market Breakup by Offering
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Bodycote
- Dorst Technologies GmbH & Co. KG
- EPSI
- Fluitron Inc.
- FREY & Co. GmbH
- Hiperbaric
- Höganäs AB
- Isostatic Pressing Services
- Kobe Steel Ltd.
- MTI Corporation
- Nikkiso Co. Ltd.
- Pressure Technology Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 136 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 6.8 Billion |
| Forecasted Market Value ( USD | $ 10.1 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
