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Isostatic Pressing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A4929
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Market Overview:
The global isostatic pressing market size reached US$ 6.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.83% during 2023-2028.
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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:
IMARC Group 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 2023-2028. Our 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:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Automotive
- Aerospace and Defense
- Medical
- Precision Machine Manufacturing
- Energy and Power
- Others
Breakup by Region:
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- 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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| 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. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global isostatic pressing market was valued at US$ 6.5 Billion in 2022.
We expect the global isostatic pressing market to exhibit a CAGR of 4.83% during 2023-2028.
The growing application of isostatic pressing to manufacture defect-free components for tanks, artillery, military, and private aircrafts and spacecrafts, is primarily driving the global isostatic pressing market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of various sectors, thereby limiting the demand for isostatic pressing.
Based on the type, the global isostatic pressing market can be categorized into hot isostatic pressing and cold isostatic pressing, where hot isostatic pressing exhibits clear dominance in the market.
Based on the offering, the global isostatic pressing market has been segmented into services and systems. Currently, systems represent the largest market share.
Based on the application, the global isostatic pressing market can be bifurcated into automotive, aerospace and defense, medical, precision machine manufacturing, energy and power and others. Among these, the aerospace and defense sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America, where North America currently dominates the global market.
Some of the major players in the global isostatic pressing market 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.
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