Global Isostatic Pressing Market to Reach US$ 10.1 Billion by 2032, Impelled by Rising Demand for Medical and Dental Implants

April 20, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled "Isostatic Pressing Market Report by Type (Hot Isostatic Pressing, Cold Isostatic Pressing), Offering (Services, Systems), Application (Automotive, Aerospace and Defense, Medical, Precision Machine Manufacturing, Energy and Power, and Others), and Region 2024-2032," the global isostatic pressing market size reached US$ 6.8 Billion in 2023. Isostatic pressing is a powder metallurgy (PM) formation process that exerts equal pressure in all directions on a powder compact. It comprises various forms, such as cold isostatic pressing (CIP), warm isostatic pressing (WIP), and hot isostatic pressing (HIP), which utilizes elevated temperature and isostatic gas pressure to eliminate the porosity and density of various materials. Isostatic pressing improves the mechanical properties and potential workability of numerous materials, such as polymers, ceramics, metals, plastics, and composite materials. It also helps achieve maximum uniformity of density and microstructure without the geometrical limitations of uniaxial pressing.


Global Isostatic Pressing Market Trends:

At present, the increasing demand for isostatic pressing for difficult-to-compact and expensive materials, such as superalloys, titanium, tool steels, beryllium, and stainless steel, represents one of the key factors influencing the market positively. Besides this, the rising utilization of isostatic pressing in manufacturing medical and dental implants is propelling the growth of the market. In addition, the growing employment of isostatic pressing for compressing various food products with uniform pressure regardless of their shape and size is offering a favorable market outlook. Apart from this, the increasing adoption of isostatic pressing in the production of 3D-printed parts is contributing to the growth of the market. Additionally, the rising utilization of isostatic pressing in the automotive industry to manufacture turbocharger rotors and valves is bolstering the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 10.1 Billion by 2032, exhibiting a CAGR of 4.4% during 2024-2032.


Market Summary:

  • On the basis of the type, hot isostatic pressing represents the largest segment, followed by the cold isostatic pressing.
  • Based on the offering, the market has been bifurcated into services and systems. At present, systems hold the largest share in the market.
  • On the basis of the application, the market has been segregated into automotive, aerospace and defense, medical, precision machine manufacturing, energy and power, and others. Amongst these, aerospace and defense account for the total market share.
  • Region-wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America (the United States and Canada) enjoys the leading position in the market.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include 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.
     

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Offering, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
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Global Isostatic Pressing Market to Reach US$ 10.1 Billion by 2032, Impelled by Rising Demand for Medical and Dental Implants
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