Isostatic Pressing Market: Major Trends Reshaping the Future of the Industry

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What Will the Isostatic Pressing Industry Market Size Be by 2025?
In recent times, the market size of isostatic pressing has witnessed robust growth. Expected to rise from $7.74 billion in 2024 to $8.15 billion in 2025, it projects a Compound Annual Growth Rate (CAGR) of 5.3%. This growth in the past has been influenced by factors such as expansion of the aerospace industry, increased output in manufacturing, growth in defense budgets, and a surge in automotive production.

What's the Long-Term Growth Forecast for the Isostatic Pressing Market Size Through 2029?
The market size for isostatic pressing is anticipated to experience robust expansion in the upcoming years, reaching a valuation of $10.77 billion by 2029, driven by a compound annual growth rate (CAGR) of 7.2%. The predicted growth during the projected period can be associated with factors such as rampant urbanization, escalating demand for electricity, and surging healthcare expenditures combined with expansion in the medical devices industry. Key trends during this forecast period are expected to encompass strategic investment initiatives, enhancing production capacities, advancements in technology, the development of innovative projects, product development, installation of modern machinery, and fostering strategic partnerships and cooperation activities.

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What Are the Key Growth Drivers Fueling the Isostatic Pressing Market Expansion?
The surging aerospace and defense sector is a significant factor in propelling the isostatic pressing market's expansion. This sector is heavily involved in creating, fabricating, and improving modern space systems, aircraft, and defense abilities. The method of isostatic pressing is utilized in the aerospace sector for the production of aerospace castings, jet engine components, and turbine blades. In the defense field, it comes into play in the manufacturing of bulletproof materials and gun parts, among other things. The expansion of the aerospace and defense industry is set to fuel the growth of isostatic pressing. To illustrate this, the Aerospace Industries Association, a US government agency, revealed that in 2023, the U.S. aerospace and defense sector achieved a remarkable milestone by surpassing $955 billion in sales. This significant leap marked a 7.1 percent rise from the preceding year. As a result, the burgeoning aerospace and defense industry is expected to spur on the growth of the isostatic pressing market.

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Which Emerging Trends Are Transforming the Isostatic Pressing Market in 2025?
Large organizations in the isostatic pressing market are focusing their resources on developing innovative products and solutions to expand their market presence. For instance, Quintus Technologies AB, a high-pressure manufacturing technology firm based in Sweden, rolled out the Purus Toolbox for hot isostatic pressing in April 2023. The product was created to enable the attainment of component surfaces devoid of oxidation following hot isostatic pressing (HIP), thereby removing the necessity for costly, hazardous or labor-intensive pre- and post-processing. Quintus Purus asserts that most of these issues can be significantly reduced or eliminated by utilizing the toolbox they've developed, comprising of new HIP equipment hardware and software functionalities and custom oxygen-getter cassettes. This enhances component design, reduces production costs, and decreases environmental footprint. The Purus technology makes it possible to conduct a 'HIP process' without the need to individually wrap each component in metal foil or remove oxidized surfaces via post-processing machining or chemical etching. Consequently, there's a reduction in the usage of hazardous chemicals, production expenses, and energy usage.

How Is the Isostatic Pressing Market Segmented?
The isostatic pressingmarket 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 Companies Are Leading the Charge in Isostatic Pressing Market Innovation?
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.

Which Regions Are Leading the Global Isostatic Pressing Market in Revenue?
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.

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