Strategic Investments and Technological Advancements Drive Growth for Isostatic Pressing Market || Kobe Steel Ltd., Aalberts N.V., Nikkiso Co., Ltd

As per The Business Research Company's Isostatic Pressing Opportunities And Strategies Market Report 2023, the global isostatic pressing market reached a value of nearly $6,787.6 million in 2022, having grown at a compound annual growth rate (CAGR) of 4.1% since 2017. The market is expected to grow from $6,787.6 million in 2022 to $9,588.1 million in 2027 at a rate of 7.2%. The market is then expected to grow at a CAGR of 7.9% from 2027 and reach $14,013.9 million in 2032.

Increasing urbanization is expected to lead to growth in the automobile and manufacturing industries, which will subsequently propel the growth of the isostatic pressing market. Urbanization refers to the process by which urban areas develop and a growing proportion of the population moves there. For instance, as of October 2022, according to the World Bank, around 4.4 billion people, or 56% of the world's population, resided in cities. By 2050, approximately 7 out of 10 people will live in cities, with the urban population predicted to more than double from its current level. By 2030, the world is predicted to have 1.2 million km² more of urban built-up area due to urban land consumption, which is expected to continue to expand at a rate that is up to 50% faster than population growth

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Companies operating in the isostatic pressing market are focusing on strategically investing in new systems and technologies to grow in the market. For instance, in January 2022, HT-MX Tratamientos Secundarios, a Mexico-based heat treatment company, entered the hot isostatic pressing (HIP) market by investing in a QIH 48 M URC press manufactured by a Sweden-based high pressure manufacturing technology company, Quintus Technologies AB. With this investment, it becomes the first company in Mexico to invest in a HIP system.

The top opportunities in the isostatic pressing market segmented by type will arise in the hot isostatic pressing (HIP) segment, which will gain $1,714.8 million of global annual sales by 2027. The top opportunities in the isostatic pressing market segmented by offering will arise in the systems segment, which will gain $2,276.6 million of global annual sales by 2027. The top opportunities in the isostatic pressing market segmented by process type will arise in the dry bag pressing segment, which will gain $1,880.5 million of global annual sales by 2027. The top opportunities in the isostatic pressing market segmented by capacity will arise in the large sized segment, which will gain $1,196.5 million of global annual sales by 2027. The top opportunities in the isostatic pressing market segmented by end-user industry will arise in the aerospace and defense segment, which will gain $758.3 million of global annual sales by 2027. The isostatic pressing market size will gain the most in China at $590.8 million.

Isostatic Pressing Market Segmentation:
The isostatic pressing market is segmented by type, by offering, by process type, by capacity, and by end-user industry.

By Type -
a) Hot Isostatic Pressing (HIP)
b) Cold Isostatic Pressing (CIP)

By Offering -
a) Systems
b) Services

By Process Type -
a) Wet Bag Pressing
b) Dry Bag Pressing

By Capacity -
a) Small Sized
b) Medium Sized
c) Large Sized

By End-User Industry-
a) Manufacturing
b) Automotive
c) Electronics And Semiconductor
d) Medical
e) Aerospace And Defense
f) Energy And Power
g) Research And Development
h) Other End-Users

Major players in the isostatic pressing market include Kobe Steel Ltd., Aalberts N.V., Nikkiso Co., Ltd., Bodycote PLC, Hoganas AB.

The regions covered in the global isostatic pressing market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Isostatic Pressing Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Isostatic Pressing Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
…………
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Isostatic Pressing Market, Conclusions And Recommendations
23. Appendix

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