Press release
Global Isostatic Pressing Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Isostatic Pressing
What Is the Isostatic Pressing Market Size and Projected Growth Rate?
There has been a robust expansion in the isostatic pressing market size in the last few years. The market is projected to rise from $7.74 billion in 2024 to $8.29 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. The accelerated growth during the historic period is due to factors such as the advancement in the aerospace industry, the rise in manufacturing output, increased defense spending, and the growth of the automotive industry.
Expectations are high for the growth of the isostatic pressing market in the coming years. Forecasts predict that its size will expand to $11.33 billion by 2029, with a compound annual growth rate (CAGR) of 8.1%. Factors driving this growth include elevated levels of urbanization, surging demand for electricity, and escalated spending in healthcare, particularly within the medical devices sector. The forecast period is also expected to see significant trends such as strategic investments, increased capacity, cutting-edge technology enhancements, development of advanced projects, innovative products, the introduction of new machinery, and the formation of strategic alliances and collaborations.
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What Are the Major Segments in the Isostatic Pressing Market?
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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What Are The Driving Isostatic Pressing Market Evolution?
The swift expansion of the aerospace and defense sector plays a huge role in the growth of the isostatic pressing market. This industry plays a crucial role in creating, manufacturing, and introducing sophisticated space systems, aircraft, and defense systems. The aerospace sector utilizes isostatic pressing in producing aerospace castings, components of jet aircraft engines, and turbine blades. Similarly, the defense industry uses it to create bulletproof materials, parts of guns, and more. Consequently, the expansion of the aerospace and defense industry fuels the growth of the isostatic pressing industry. As per the Aerospace Industries Association, a government agency based in the US, the US aerospace and defense industry overtook $955 billion in sales in 2023 as observed in September 2024. This is an impressive rise of 7.1 percent from the preceding year. Thus, the swift escalation of the aerospace and defense industry will aid in boosting the isostatic pressing market.
Which Firms Dominate The Isostatic Pressing Market Segments?
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.
What Trends Are Driving Growth in The Isostatic Pressing Market?
Isostatic pressing market stalwarts are tirelessly working on the innovation of fresh products and solutions to secure their market growth. For instance, Quintus Technologies AB, a high-pressure manufacturing technology firm based in Sweden, introduced the Purus Toolbox for hot isostatic pressing in April 2023. This tool was developed to facilitate the acquisition of oxidation-free component surfaces post hot isostatic pressing (HIP), eliminating the need for costly, hazardous or extensive pre- and post-processing. As per the assertion of Quintus Purus, most of these challenges can be bypassed or significantly lessened using its recently developed toolbox; a combination of brand new HIP hardware equipment, software abilities, and custom oxygen-getter cassettes. Consequently, this positively impacts component design, reduces manufacturing expenses, and lessens the environmental footprint. The Purus tool has ushered production of the "HIP process," negating the necessity to manually wrap each component in metal foil or erase oxidized surfaces via either post-processing machining or chemical etching, ultimately reducing demand for harmful chemicals, manufacturing cost, and energy usage.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Isostatic Pressing Market?
2. What is the CAGR expected in the Isostatic Pressing Market?
3. What Are the Key Innovations Transforming the Isostatic Pressing Industry?
4. Which Region Is Leading the Isostatic Pressing Market?
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