Isostatic Pressing Market Size, Share Report, Analysis, Trends, Growth 2030

Isostatic Pressing Market

Isostatic Pressing Market By Offering (System and Services), By Type (Hot and Cold), By HIP Capacity (Small & Medium and Large), By CIP Process (Wet and Dry), By End-Use (Automotive, Manufacturing, Medical, and Aerospace), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032

Category: Heavy Industry Report Format : PDF Pages: 218 Report Code: ZMR-8211 Published Date: Apr-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 7.54 Billion USD 13.33 Billion 6.5% 2023

Isostatic Pressing Industry Prospective:

The global isostatic pressing market size was evaluated at $7.54 billion in 2023 and is slated to hit $13.33 billion by the end of 2032 with a CAGR of nearly 6.5% between 2024 and 2032.  

Global Isostatic Pressing Market SizeRequest Free Sample

Isostatic Pressing Market: Overview

The terminology isostatic pressing is referred to as the powder metallurgy method utilized for enhancing the metal porosity. Reportedly, isostatic pressing consists of cold as well as hot isostatic pressing as it involves evenly applying pressurized gas, water, or oil to powder compact for achieving a consistent density & microstructure without any geometrical restrictions. Apart from this, isostatic pressing systems make use of fluid or gas pressure for consistently pressurizing materials in all directions to acquire optimum uniformity in density. For the record, the isostatic pressing can be performed at low as well as high temperatures.

Key Insights

  • As per the analysis shared by our research analyst, the global isostatic pressing market is projected to expand annually at the annual growth rate of around 6.5% over the forecast timespan (2024-2032)
  • In terms of revenue, the global isostatic pressing market size was evaluated at nearly $7.54 billion in 2023 and is expected to reach $13.33 billion by 2032.
  • The global isostatic pressing market is anticipated to grow rapidly over the forecast timeline owing to rapidly expanding aerospace & defense sectors.
  • In terms of offering, the services segment is slated to register the highest CAGR over the forecast period.
  • Based on type, the hot segment is predicted to lead the segmental space in the forthcoming years.
  • Based on HIP capacity, the small & medium segment is predicted to contribute majorly towards the global market share in the upcoming years.
  • Based on end-use, the medical segment is predicted to contribute majorly towards the global industry revenue in the ensuing years.
  • Region-wise, the Asia-Pacific isostatic pressing industry is projected to register the fastest CAGR during the projected timespan.

Global Isostatic Pressing MarketRequest Free SampleIsostatic Pressing Market: Growth Factors

Consistently adding new features in materials to improve product performance can boost global market trends

Constant innovations in material and new formulations can improve the performance of end products, thereby steering the expansion of the global isostatic pressing market. Rapidly expanding aerospace & defense sectors are anticipated to prop up the global market expansion. Apparently, a surge in the demand for products with shorter production cycles in the healthcare sector will translate into massive progression of the market across the globe.

In addition to this, humungous demand for 3D printing systems in the automotive sector due to the need for inexpensive spare components production methods will steer the global market trends. A surge in demand for HIP along with the growing need for various kinds of heat treatment methods is projected to spearhead the growth of the global market.

Isostatic Pressing Market: Restraints

A rise in the initial prices of hot isostatic pressing can inhibit the expansion of the global industry by 2032

A prominent surge in the initial costs of hot isostatic pressing can put brakes on the global isostatic pressing industry.

Isostatic Pressing Market: Opportunities

Humungous use of low-priced titanium in vehicles to create new growth avenues for the global market

Escalating demand for low-cost titanium & alloys in the automobile sector will open a slew of avenues for the global isostatic pressing market. Reportedly, titanium is lightweight, rust-resistant, and possesses huge strength.

Isostatic Pressing Market: Challenges

Limited size and shaping abilities of isostatic pressing can challenge the global industry surge over forecast period

Restricted size and shape abilities of isostatic pressing are projected to create a huge impediment to the growth of the global isostatic pressing industry.

Isostatic Pressing Market: Segmentation

The global isostatic pressing market is divided into offering, type, HIP capacity, CIP process, end-use, and region.                                         

In offering terms, the isostatic pressing market across the globe is segregated into system and services segments. Furthermore, the services segment, which acquired nearly two-fifths of the global market earnings in 2023, is expected to record the fastest yearly rate of growth in the forecast timespan. The expansion of the segment in the next couple of years can be as a result of isostatic pressing, thereby ensuring a precise and uniform granular material compaction.

On the basis of type, the global isostatic pressing industry is segmented into hot and cold segments. Additionally, the hot segment, which amassed a key share of the global industry in 2023, is predicted to lead the segment sphere in the coming eight years. The segmental surge from 2024 to 2032 can be due to humungous demand for complex parts across a slew of end-use sectors such as automotive and aerospace sectors.

Based on the HIP capacity, the global isostatic pressing market is sectored into small & medium and large segments. However, the small & medium segment, which garnered about 55% of the global market share in 2023, is anticipated to make notable contributions towards the global market size over the predicted timespan. The growth of the segment in the next few years can be credited to small & medium-sized HIPs having capacities ranging from a few liters to a dozen liters.

Based on the end-use, the global isostatic pressing industry is bifurcated into automotive, manufacturing, medical, and aerospace segments. Moreover, the medical segment, which accumulated about 57% of the global industry share in 2023, is projected to make lucrative contributions towards the global industry revenue over the expected timeline. The growth of the segment in the forthcoming years can be credited to escalating requirement for fabrication of durable, bio-compatible, and precise parts owing to their use in prosthetics, medical devices, and implants.

On the basis of CIP process, the isostatic pressing market globally is divided into wet and dry segments.

Isostatic Pressing Market: Report Scope

Report Attributes Report Details
Report Name Isostatic Pressing Market
Market Size in 2023 USD 7.54 billion
Market Forecast in 2032 USD 13.33 billion
Growth Rate CAGR of 6.5%
Number of Pages 218
Key Companies Covered DORST Technologies GmbH & Co. KG, Shanxi Golden Kaiyuan Co. Ltd., EPSI, KOBE STEEL LTD., PTC Industries, Bodycote, Isostatic Pressing Services, Kittyhawk, MTI Corporation, Fluitron, Nikkiso Co. Ltd., Pressure Technology Inc., Kennametal Inc., American Isostatic Presses Inc., Sandvik AB, Höganäs AB., and others.
Segments Covered By Offering, By Type, By CIP Process, By End-Use, By HIP Capacity, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Isostatic Pressing Market: Regional Insights

North America is predicted to maintain the numero uno position in the global isostatic pressing market in the upcoming years

North America, which accounted for nearly two-thirds of the global isostatic pressing market earnings in 2023, is expected to establish numero uno position in the global market in the years to come. Moreover, the regional market expansion in the next couple of years can be due to rising investment by governments for adding new features to vehicles. Apart from this, key manufacturers are allocating huge amounts of funds for producing titanium components of automotive.

Asia-Pacific isostatic pressing industry is anticipated to register the fastest CAGR in the forecast timeline. The progression of the industry in the sub-continent can be ascribed to thriving medical tourism activities in the countries such as India, Thailand, and Indonesia. In addition to this, a surge in the need for medical products & services in the sub-continent is anticipated to spearhead the expansion of the industry across the globe. An increase in the product demand in the APAC zone can be further attributed to the production of medical implants, precision parts, and dental restorations.       

Key Developments

  • In the second half of 2022, Bodycote, a major thermal processing service provider, extended its hot isostatic pressing capacity in the U.S. Reportedly, the new HIP capacity will help the firm in highlighting 3D printing and producing advanced materials.  
  • In the third quarter of 2023, Wallwork established a cutting-edge hot isostatic pressing unit at North Manchester in the UK by investing nearly $ 11 million.
  • In the first quarter of 2024, Bodycote acquired Lake City HT, a key hot isostatic pressing & vacuum heat-treating firm.

Isostatic Pressing Market: Competitive Space

The global isostatic pressing market profiles key players such:

  • DORST Technologies GmbH & Co. KG
  • Shanxi Golden Kaiyuan Co. Ltd.
  • EPSI
  • KOBE STEEL LTD.
  • PTC Industries
  • Bodycote
  • Isostatic Pressing Services
  • Kittyhawk
  • MTI Corporation
  • Fluitron
  • Nikkiso Co. Ltd.
  • Pressure Technology Inc.
  • Kennametal Inc.
  • American Isostatic Presses Inc.
  • Sandvik AB
  • Höganäs AB.

The global isostatic pressing market is segmented as follows:

By Offering

  • System
  • Services

By Type

  • Hot
  • Cold

By CIP Process

  • Wet
  • Dry

By End-Use

  • Automotive
  • Manufacturing
  • Medical
  • Aerospace

By HIP Capacity

  • Small & Medium
  • Large

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The terminology isostatic pressing is referred to as powder metallurgy method utilized for enhancing the metal porosity.

The global isostatic pressing market growth over forecast period can be owing to a surge in the demand for products with shorter production cycles in the healthcare sector.

According to a study, the global isostatic pressing industry size was $7.54 billion in 2023 and is projected to reach $13.33 billion by the end of 2032.

The global isostatic pressing market is anticipated to record a CAGR of nearly 6.5% from 2024 to 2032.

The Asia-Pacific isostatic pressing industry is set to register the fastest CAGR over the forecasting timeline owing to thriving medical tourism activities in the countries such as India, Thailand, and Indonesia. In addition to this, a surge in the need of medical products & services in the sub-continent is anticipated to spearhead the expansion of the industry across the globe. An increase in the product demand in the APAC zone can be further attributed to production of medical implants, precision parts, and dental restorations.          

The global isostatic pressing market is led by players such as DORST Technologies GmbH & Co. KG, Shanxi Golden Kaiyuan Co., Ltd., EPSI, KOBE STEEL, LTD., PTC Industries, Bodycote, Isostatic Pressing Services, Kittyhawk, MTI Corporation, Fluitron, Nikkiso Co., Ltd., Pressure Technology, Inc., Kennametal Inc., American Isostatic Presses Inc., Sandvik AB, and Höganäs AB.         

The global isostatic pressing market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.

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