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Shaping the Future: Exploring the Growth Analysis, Trends, and Outlook of the Isostatic Pressing Market from 2024 to 2033 || Kobe Steel Ltd, Aalberts N.V, Nikkiso Co. Ltd, Bodycote PLC, Hoganas AB
Isostatic Pressing Global Market Report 2024
The Business Research Company presents an extensive market research report on the Isostatic Pressing Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The isostatic pressing market size has grown strongly in recent years. It will grow from $7.3 billion in 2023 to $7.85 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to growth in the aerospace industry, the increasing manufacturing production, the growing defense budgets and increasing automotive production.
The isostatic pressing market size is expected to see strong growth in the next few years. It will grow to $10.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to the increasing urbanization, the rising electricity demand and the increasing healthcare expenditure and growth in the medical devices industry. Major trends in the forecast period include focus on strategic investments, capacity expansions, technological advancements, new advanced project developments, product innovations, installation of new machines and strategic partnerships and collaborations.
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Key Market Players:
Major companies operating in the isostatic pressing market report are Kobe Steel Ltd, Aalberts N.V, Nikkiso Co. Ltd, Bodycote PLC, Hoganas AB, Pressure Technology Inc, Hiperbaric, FREY & Co. GmbH, Dorst Technologies GmbH & Co. KG, MTI Corporation, Shanxi Golden Kaiyuan Co. Ltd, Shenyang Kejing Auto-instrument Co. Ltd, PTC Industries, Vima Engineers, Madhuchitt Industries, Xiamen Tmax Battery Equipments Limited, OC Oerlikon Management AG, CREMER Thermoprozessanlagen GmbH, Loomis Products Company, Isoform NV, Morgan Advanced Materials Plc, JSC Polema, Altha Powder Metallurgy Sp. z o.o, Z?omex S.A, Kennametal Inc, American Isostatic Presses Inc, Stack Metallurgical Group, Burloak Technologie, Magnesita Refratários S.A.
Market Drivers:
The rapidly growing aerospace and defense industry is significantly contributing to the growth of the isostatic pressing market. The aerospace and defense industry is involved in designing, manufacturing, and developing advanced space systems, aircraft, and defense capabilities. Isostatic pressing is used in the aerospace industry for manufacturing aerospace castings, jet aircraft engine components, and turbine blades. In the defense industry, it is used in the production of bulletproof materials, gun parts, and others. The growing aerospace and defense sector will propel the growth of isostatic pressing. For instance, according to India Brand Equity Foundation, an Indian Government export promotion agency, the aerospace, and defense sector will reach $70 billion by 2030 due to demand for advanced infrastructure. Therefore, the rapidly growing aerospace and defense industry will promote the growth of the isostatic pressing market.
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The isostatic pressing market covered in this report is segmented -
1) By Type: Isostatic Pressing (HIP), Cold Isostatic Pressing (CIP)
2) By Offering: Systems, Services
3) By Process Type: Wet Bag Pressing, Dry Bag Pressing
4) By Capacity: Small Sized, Medium Sized, Large Sized
5) By End-User Industry: Manufacturing, Automotive, Electronics And Semiconductor, Medical, Aerospace And Defense, Energy And Power, Research And Development, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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