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The isostatic pressing market size is projected to reach US$ 12.27 billion by 2030 from US$ 6.89 billion in 2022. The market is expected to register a CAGR of 7.5% during 2022–2030. Green manufacturing is likely to remain a key trend in the market.
Isostatic Pressing Market Analysis
The increasing demand for high-performance materials influences the market. Isostatic pressing, which allows the production of components with optimal properties for high-performance applications, serves as a significant driver for market growth. The demand for powder metallurgy also contributes to the market's expansion. Isostatic pressing plays a crucial role in consolidating ceramic or refractory powders, thereby supporting the overall growth of the market. Several factors, including the demand from diverse industries, the escalating need for high-performance materials, the advantages in ceramic and refractory applications, the demand for powder metallurgy, and grain growth and densification, collectively propel the growth and development of the isostatic pressing market
Isostatic Pressing Market Overview
Isostatic pressing is an emerging industry characterized by the uniform application of pressure in all directions onto a powder compact. This technique encompasses multiple processes, including hot isostatic pressing (HIP), cold isostatic pressing (CIP), and uniaxial presses. Its widespread application in sectors such as aerospace, automotive, medical, and energy enables the production of high-density and uniformly structured components. Isostatic pressing offers distinct advantages in ceramic and refractory applications. Its capability to shape products with precise tolerances reduces the reliance on expensive machining processes, thereby facilitating the commercial development of isostatic pressing.
Growing industrialization has led to a heightened demand for advanced materials with specific properties such as enhanced strength, wear resistance, and thermal stability. Isostatic pressing is a key manufacturing process for shaping and consolidating these materials. In the aerospace industry, where components require high strength and lightweight properties, isostatic pressing is used to manufacture intricate parts from advanced materials such as titanium, alloys, and ceramics. Industrialization has driven the adoption of powder metallurgy techniques, and isostatic pressing is integral to this process. It allows for efficient shaping and consolidation of metal powders to produce high-performance components.
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Isostatic Pressing Market: Strategic Insights
Market Size Value in US$ 6.89 billion in 2022 Market Size Value by US$ 12.27 billion by 2030 Growth rate CAGR of 7.5% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Isostatic Pressing Market: Strategic Insights
| Market Size Value in | US$ 6.89 billion in 2022 |
| Market Size Value by | US$ 12.27 billion by 2030 |
| Growth rate | CAGR of 7.5% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Isostatic Pressing Market Drivers and Opportunities
Expansion Of The Aerospace & Defense Sector to Favor Market
The aerospace & defense sector is expanding significantly globally. The aircraft manufacturing industry has been under constant pressure from the commercial aviation sector to deliver the required volumes of aircraft fleets of various models. According to Boeing and Airbus forecasts, more than 24,000 commercial aircraft will be delivered by the end of 2041. This is expected to bolster the demand for new aircraft engines and next-generation digital ignition systems. The continuous increase in aircraft deliveries by leading aircraft manufacturers such as Boeing, Airbus, Lockheed Martin, Bombardier, and ATR has prompted them to enhance their production capacities in order to address the growing backlogs in their pipelines. As a result, there is a rising demand for aircraft engines. The increase in aircraft production will lead to an increase in the demand for isostatic pressing technique. Modern aircraft designs involve intricate and complex components. Isostatic pressing allows for the manufacturing of parts with complex geometries, ensuring precision and consistency. For example, isostatic pressing is used to produce complex-shaped components, such as structural elements and brackets for aircraft, contributing to the overall efficiency and safety of aerospace systems. Defense applications require specialized materials with precise characteristics. Isostatic pressing contributes to the production of components used in defense technologies, including radar systems and communication devices. Isostatic pressing is applied to shape components for military-grade electronic systems, where reliability and durability are critical for mission success. Thus, the expansion of the aerospace & defense sector drives the isostatic pressing market growth.
Increasing Adoption of Additive Manufacturing
Additive manufacturing (AM), supported by High-Pressure Heat Treatment (HPHT) as a manufacturing concept, has the potential not only to emulate traditional manufacturing routes for ceramic and metallic materials but also surpass these when it comes to opportunities for innovative manufacturing strategy, component design, and ultimate material properties. By the use of HIP for additive manufacturing materials, these defects can be eliminated, and the material will have a 100% relative density. Isostatic pressing is employed to consolidate and densify these materials, enhancing their mechanical properties. After 3D printing a metal or ceramic component, isostatic pressing can be used to reduce porosity and improve the structural integrity of the final part. Thus, the increasing adoption of additive manufacturing is providing growth opportunities for the isostatic pressing market by providing a complementary solution to address challenges associated with material consolidation, density improvement, surface finish enhancement, and the optimization of powder metallurgy.
Isostatic Pressing Market Report Segmentation Analysis
Key segments that contributed to the derivation of the isostatic pressing market analysis are offering, type, and application.
- Based on the offering, the isostatic pressing market is divided into systems and services. The systems segment will hold a significant market share in 2022.
- By type, the market is segmented into hot isostatic pressing (HIP), cold isostatic pressing (CIP), and warm isostatic pressing (WIP). The hot isostatic pressing (HIP) segment held the largest market share in 2022.
- In terms of application, the market is segmented into automotive, aerospace and defense, precision machine manufacturing, medical, energy and power, and others. The automotive segment held the largest market share in 2022.
Isostatic Pressing Market Share Analysis by Geography
The geographic scope of the isostatic pressing market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The Asia Pacific isostatic pressing market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China accounted for the largest share of the Asia Pacific isostatic pressing market in 2022. APAC has witnessed significant growth in the manufacturing industry due to the shift toward Industry 4.0 and growing automation. The region is one of the major producers of a wide range of machinery, including industrial and commercial machinery, agricultural machinery, and construction machinery. In 2020, machinery worth more than US$ 10 billion was produced in Vietnam. Vietnam is an important source of machinery and equipment for many countries in the region.
Isostatic Pressing Market Report Scope
Isostatic Pressing Market News and Recent Developments
The isostatic pressing market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the isostatic pressing market are listed below:
- Hiperbaric unveiled its latest hot isostatic pressing (HIP) equipment designed specifically for the post-processing of high-performance components at the FormNext exhibition. This new equipment showcases Hiperbaric's commitment to innovation and meeting the evolving needs of industries requiring advanced post-processing capabilities for their components. The introduction of this cutting-edge HIP equipment at FormNext demonstrates Hiperbaric's dedication to providing efficient, versatile, and safe solutions for the post-processing of high-performance components. (Source: Hiperbaric, Press Release, October 2023)
- Bodycote, a global leader in heat treatment and specialist thermal processing services, has recently undertaken strategic initiatives to bolster its Specialist Technologies business segment. These initiatives include the acquisition of two technology-focused businesses for a total investment of US$ 145 million. This move is aimed at expanding Bodycote's expertise and capabilities in specialized technologies. In addition to the acquisitions, Bodycote has announced plans to establish a new Hot Isostatic Pressing (HIP) facility in Southern California. This expansion is a strategic step to strengthen Bodycote's Presence and increase its scale in the US. HIP is a critical process in the thermal processing industry, and the establishment of a new facility in a key region allows the company to assist its customers better and meet the growing demand for its services. (Source: Bodycote, Press Release, October 2023)
Isostatic Pressing Market Report Coverage and Deliverables
The “Isostatic Pressing Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Isostatic pressing market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Isostatic pressing market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- isostatic pressing market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the isostatic pressing market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offering, Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The isostatic pressing market size is projected to reach US$ 12.27 billion by 2030.
The leading players operating in the isostatic pressing market are American Isostatic Presses Inc., Bodycote Plc, EPSI Inc., Fluitron Inc., Hiperbaric USA Corp, Kennametal Inc., Kobe Steel Ltd, Nikkiso Co Ltd, Pressure Technology Inc., and Shanxi Golden Kaiyuan Co Ltd.
Asia Pacific is expected to dominate the isostatic pressing market with the highest market share in 2022.
Green manufacturing is anticipated to play a significant role in the global isostatic pressing market in the coming years.
The global isostatic pressing market is expected to grow at a CAGR of 7.5% during the forecast period 2022 - 2030.
Growing industrialization, expanding aerospace and defense sector, and growing demand for low-cost titanium and its alloys in the automotive industry are the major factors driving the isostatic pressing market.
The List of Companies - Isostatic Pressing Market
- American Isostatic Presses Inc.
- Bodycote Plc
- EPSI Inc
- Fluitron, Inc.
- Hiperbaric USA Corp
- Kennametal Inc.
- Kobe Steel Ltd
- Nikkiso Co Ltd
- Pressure Technology Inc
- Shanxi Golden Kaiyuan Co Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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