Press release
Global Isostatic Pressing Market to Reach $11.33 Billion by 2029, Growing at 8.1% CAGR
Isostatic Pressing Market
The surging aerospace and defense sector is making a substantial contribution to the expansion of the isostatic pressing market. With its involvement in advanced space systems, aircraft, and defense capabilities' design, manufacturing, and development, this industry is making use of isostatic pressing. It is used in aircraft castings, jet engine components, and turbine blades manufacturing within the aerospace sector. On the defensive front, isostatic pressing assists in producing bulletproof materials and gun components among other items. The expansion of the aerospace and defense sphere is projected to boost the isostatic pressing market's growth. This is evidenced by the Aerospace Industries Association, a US-based governmental agency report in September 2024, which stated that the U.S. aerospace and defense industry had seen significant growth in 2023, exceeding sales of $955 billion, showing a 7.1 percent rise from the previous year. It can be connoted, therefore, that the surge in the aerospace and defense sector is set to push the isostatic pressing market's expansion.
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How will the growth rate of the isostatic pressing market shape industry trends by 2034?
In recent times, there has been substantial expansion in the isostatic pressing market, with its size predicted to rise from $7.74 billion in 2024 to $8.29 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.1%. The key drivers behind this growth during the historic period include the expansion of the aerospace industry, enhanced manufacturing production, growth in defense budgets, and a rise in automotive production.
In the upcoming years, the size of the isostatic pressing market is anticipated to witness robust growth, eventually reaching $11.33 billion by 2029 with a compound annual growth rate (CAGR) of 8.1%. This growth trend during the forecast period can be credited to the escalating urbanization, surge in electricity demand, along with an increase in healthcare spending and development in the arena of medical devices. The forecast period will also see significant trends such as prioritization of strategic investments, expansion of capacity, technological progress, inception of new advanced projects, product novelty, incorporation of new machinery, and strategic partnerships and collaborations.
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What are the emerging trends shaping the future of the isostatic pressing market?
The leading enterprises in the isostatic pressing market are focusing on product innovation and technological advancements to expand their market share. Take Quintus Technologies AB for instance, a firm based in Sweden that specializes in high-pressure manufacturing. In April 2023, they designed the Purus Toolbox for hot isostatic pressing, engineered to achieve non-oxidised component surfaces following a hot isostatic pressing (HIP) operation. This circumvents the need for costly, laborious, or hazardous pre- and post-processing. Many of these issues, as per Quintus Purus, can be circumvented or significantly reduced with the toolbox they've created, which includes new HIP apparatus hardware, software functionalities, and custom oxygen-getter cassettes. This results in enhanced component design, reduced production costs, and a better environmental footprint. The Purus procedure allows for the 'HIP operation' without necessitating each component to be manually wrapped in metal foil or removing oxidized surfaces through post-processing machining or chemical etching. Consequently, it leads to a reduction in the usage of dangerous chemicals, manufacturing expenses, and energy utilization.
Which primary segments of the isostatic pressing market are driving growth and industry transformations?
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
Subsegments:
1) By Isostatic Pressing (HIP): High Pressure HIP, High Temperature HIP
2) By Cold Isostatic Pressing (CIP): Rubber-Covered CIP, Non-Rubber-Covered CIP
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Which geographical regions are pioneering growth in the isostatic pressing market?
North America was the largest region in the isostatic pressing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the isostatic pressing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Who are the influential players reshaping the isostatic pressing market landscape?
Major companies operating in the isostatic pressing market include 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.
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What Is Covered In The Isostatic Pressing Global Market Report?
• Market Size Forecast: Examine the isostatic pressing market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the isostatic pressing market for a structured understanding.
• Key Players Overview: Analyze major players in the isostatic pressing market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the isostatic pressing market.
• Segment Contributions: Evaluate how different segments drive overall growth in the isostatic pressing market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the isostatic pressing market.
• Industry Challenges: Identify potential risks and obstacles affecting the isostatic pressing market.
• Competitive Landscape: Review strategic developments in the isostatic pressing market, including expansions, agreements, and new product launches.
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