Global Isostatic Pressing Market

Isostatic Pressing Market Size, Share, Growth Analysis, By Material (Metal, Ceramic), By Offering (Systems, Services), By Type (Hot Isostatic Pressing (HIP), Cold Isostatic Pressing (CIP)), By Capacity, By Process Type, By End User, By Region -Industry Forecast 2024-2031.

Report ID: SQMIG20A2266 | Region: Global | Published Date: October, 2024
Pages: 156 | Tables: 140 | Figures: 73

Isostatic Pressing Market News

  • In November 2023, GKN Additive and HP Incorporation declared an alliance for amalgamating innovative tooling solutions and advanced materials. The partnership will initially emphasize the qualifying of several metal powders for HP’s Metal Jet S100 Additive Manufacturing equipment consumers, starting with 10 unique steel grades, comprising dual-phase steel and M2 tool steel.
    • In July 2022, Bodycote plc announced that it expanded its HIP capability with extra vessels in its location in Greenville in South Carolina, the United States of America. The new expanded vessels will be in operation by 2022 and will considerably increase the Bodycote’s competency to emphasize developments in advanced materials and additive manufacturing.
    • In March 2022, Carpenter Technology Corporation declared that its Reading Press plant or facility is now back in service. The firm lately announced unexpected outage of the facility in 2021, December. Today, the Reading press facility is specialized equipment vital for the manufacturing of materials, mainly for Aerospace and other end use applications.
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    FAQs

    Global Isostatic Pressing Market size was valued at USD 6.40 billion in 2022 and is poised to grow from USD 6.75 billion in  2023 to USD 10.36 billion by 2031, growing at a CAGR of 5.50% during the forecast period (2024-2031). 

    The global isostatic pressing market’s competitive landscape is differentiated by several key factors, including increasing collaborations among research institutions and manufacturers, and suppliers. The prominent market players like Carpenter Technology Corporation, GKN Powder Metallurgy, and ExOne are dominating the market with extensive product offerings and advanced technologies. Other progressing companies operating in the market are emphasizing research and development to improve isostatic pressing techniques, integrate with additive manufacturing techniques, and enhance material properties. The market players are also seen to focus on eco-friendly practices, thus impacting market strategies and product development. 'Kobe Steel, Ltd.  ', 'Bodycote  ', 'Kennametal Inc.  ', 'Nikkiso Co., Ltd.  ', 'Dorst Technologies GMBH & Co. Kg  ', 'American Isostatic Presses, Inc.  ', 'Pressure Technology, Inc.  ', 'Shanxi Golden Kaiyuan Co., Ltd.  '

    The major industries like automotive, aerospace, medical devices, and electronics are witnessing significant growth. The rising production of high-strength and lightweight components for these industries is driving the demand for isostatic pressing. For example, the aerospace sector is highly emphasized on decreasing weight or components and maintaining optimal integrity, thus increasing the prominence and preference of isostatic pressing.

    Developments in Material Science: The advancements of novel materials like advanced ceramics and high-performing alloys are notably fueling the transformation of isostatic pressing. Research groups are actively exploring materials that improve strength, thermal stability, and resistance to corrosion and wear. These developments enable more effective and smooth manufacturing processes and allow the production of complex parts for automotive, medical, and aerospace applications.

    Region-wise, North America dominated the market in the previous years and is expected to lead over the forecast period owing to strong demand from major industries, technology leadership, and the availability of developed manufacturing infrastructure. North America is home to several major industries that demand precision manufacturing and quality high-performing materials. The need for durable, strong, and lightweight components is also fueling the adoption of isostatic pressing technologies. Furthermore, the region is prominent for its leadership in developments and fast adoption of improved technologies like industry 4.0 and automation. companies are actively integrating these technologies with smart solutions for enhanced production capacity and efficiency. Regional growth is also impacted by well-established infrastructure for manufacturing. The key players profiled in the region include GKN Powder Metallurgy, Parker Hannifin Corporation, ExOne Company, H.C. Starck Solutions, Advanced Powder Products, LLC, and more.

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    Global Isostatic Pressing Market

    Report ID: SQMIG20A2266

    $5,300
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