According to the latest report by IMARC Group, titled “Isostatic Pressing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global isostatic pressing market reached a value of US$ 6.06 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.4 Billion by 2027 exhibiting a CAGR of 5.20% during 2022-2027.
Isostatic pressing (IP) refers to a powder metallurgical (PM) forming process involving the application of pressure on a powder compact to achieve maximum uniformity of microstructure. It provides strength and density, shape flexibility, low tooling cost, reduced lead times, and enhanced alloying possibilities. As it also offers improved mechanical properties, such as ductility, impact resistance, and fatigue strength, IP finds extensive application in various end use industries across the globe.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Isostatic Pressing Market Trends:
IP is utilized to enhance the efficiency and reliability of modern automotive technology. This, in confluence with the boosting sales of modern vehicles worldwide, represents one of the major factors bolstering the market growth. Apart from this, the increasing employment of IP in the aerospace industry to manufacture defect-free aircraft components is contributing to the market growth. Besides this, extensive research and development (R&D) activities in the field of precision manufacturing, coupled with the rising utilization of IP in the pharmaceutical industry for compressing powder particles, are creating a positive outlook for the market.
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Global Isostatic Pressing Market 2022-2027 Analysis and Segmentation:
- Dorst Technologies GmbH & Co. KG
- Fluitron Inc
- FREY & Co. GmbH
- Hoeganaes AB
- Isostatic Pressing Services
- Kobe Steel Ltd
- MTI Corporation
- Nikkiso Co. Ltd
- Pressure Technology Inc
The report has segmented the market on the basis on region, type, offering, application.
Breakup by Type:
- Hot Isostatic Pressing
- Cold Isostatic Pressing
Breakup by Offering:
Breakup by Application:
- Aerospace and Defense
- Precision Machine Manufacturing
- Energy and Power
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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