Isostatic Pressing Market - Forecast(2022 - 2027)

Report Code: ESR 21568 Report Format: PDF + Excel

Isostatic pressing Market Overview

Isostatic pressing market is expected to reach $12.2 million by 2026 at a CAGR of 8.8% during the forecast period 2021-2026, owing to growing demand for high-density and low-porosity materials in 3D printed parts. In addition, growing investment by aerospace and defense players in the installation of Hot isostatic pressing (HIP) technology is a key opportunity for the growth of the isostatic pressing market players and investments made by several companies for installation of isostatic pressing is also analyzed to drive the market growth. 

For instance, Alcoa invested $22 million in Michigan for latest HIP technology to strengthen the metallic structure of titanium, nickel and 3D-printed jet engine parts. Hence these investments are analyzed to drive the market growth in the forecast period 2021-2026. The Isostatic Pressing market is driven by demand for powder metallurgy processes particularly in spark plug insulators and precision machinery among others.

Report Coverage

The report: “Isostatic pressing Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Isostatic pressing market
By Offering: Systems, Services.
By Type: Hot Isostatic Pressing, Cold Isostatic Pressing.
By HIP Capacity: Small-Sized HIP, Medium-Sized HIP, and Large-Sized HIP.
By CIP Process Type: Dry Bag Pressing, Wet Bag Pressing.
By Application: Automotive, Aerospace & Defense, Medical, Precision Machine Manufacturing, Energy & Power.
By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia, Netherlands and Others), APAC(China, Japan India, SK, Australia, Indonesia, Malaysia and Others), South America(Brazil, Argentina, Chile, Colombia and others), and RoW (Middle east and Africa).

Key Takeaways

  • Isostatic pressing in North America has held highest share of 35% in the forecast period, owing to demand for HIP-processed products in various industries, including precision manufacturing, aerospace & defense, and automotive.
  • Large-Sized HIP is growing at the highest CAGR of 10.8% in the forecast period. The large capacities of HIP systems allow the densification of larger products and batches, reduce per-unit processing costs, and help customers to have a greater competitive advantage in the market.
  • Growth of aerospace and defense industries is positively impacting the adoption of advanced isostatic pressing method. Hot isostatic pressing (HIP) technology is used in developing stainless steel and nickel base superalloy which are used in the aerospace and defense industry for missile and space vehicle applications.
  • Isostatic pressing top 10 companies include Pressure Technology Inc., Kittyhawk Products, Quad City Manufacturing Lab, Kobe Steel Ltd., Bodycote, Kennametal Inc., Arconic, Nikkiso Co., Ltd., Hoganas AB, Shanxi Golden Kaiyuan Co., Ltd., Quintus Technologies AB, Sandvik AB, among others.

Isostatic Pressing Market, By Type, 2020

Isostatic Pressing Market
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Isostatic Pressing Market Segment Analysis - By HIP Capacity

Large-Sized HIP is growing at the highest CAGR of 10.8% in the forecast period. These large capacities of HIP systems allow the densification of larger products and powder metallurgy batches, reduce per-unit processing costs, and help customers to have a greater competitive advantage in the market. The growth of this market is attributed to the increasing need for HIP in the large-size products manufacturing applications in various industries, such as aerospace & defense, automotive, and precision machinery manufacturing. Moreover rising adoption of HIP is also analysed to drive the market growth. In 2019, Paulo Metal company added hot isostatic pressing to its thermal-processing services with the acquisition of Quintus Technologies. Hence these factors are analysed to drive the market in the forecast period 2021-2026.

Isostatic Pressing Market Segment Analysis - By Application

The isostatic pressing market for the applications in the medical segment is expected to grow at the highest CAGR of 11.2% during the forecast period. In the medical industry, isostatic pressing is used to improve the properties of various materials used in this industry such as cast cobalt chrome, titanium, and stainless-steel implants and dental brackets. Moreover companies such as GE Healthcare, Thermo Fisher Scientific and so on have been investing heavily in additive manufacturing. This contributes to the growth of the market for the market for medical during the forecast period 2021-2026.

Isostatic Pressing Market Segment Analysis - By Geography

Isostatic pressing in North America has held highest share of 35% in the forecast period, owing to demand for HIP-processed products in various industries, including precision manufacturing, aerospace & defense, and automotive. A few HIP manufacturers have implemented high-capacity HIP units at research facilities in North America to expand a wide variety of industrial components with the elimination of internal porosity through high precision machinery. For instance, Avure Technologies installed largest cold Isostatic press to produce the largest isotropic graphite components in the world. In addition, isostatic pressing is used to manufacture various automotive components such as spark plug insulators and carbide tools. Moreover increase in inclination toward developing low-cost products with shorter cycle times is also expected to fuel the market growth in the forecast period 2021-2026.

Isostatic pressing Market Drivers

Growing adoption of Isostatic Pressing in Aerospace and Defense Industries

Growth of aerospace and defense industries is positively impacting the adoption of advanced isostatic pressing method. Hot isostatic pressing (HIP) technology is used in developing stainless steel and nickel base superalloy using powder metallurgy which are used in the aerospace and defense industry for missile and space vehicle applications. HIP technology is also used to manufacture commercial aircraft. Aircraft parts and engines need to be high in density and low in weight to ensure great operational performance. HIP is deployed during the processing of these parts to develop a larger and more diverse set of aircraft and engine parts. Thus, HIP technology is expected to witness increasing application in aerospace and defense industry to enhance the material capabilities and process efficiency in the near future. In 2017, Arconic and Airbus collaborated to develop advanced metal 3D printing technology for aircraft manufacturing as well as customization in processes, to produce and qualify large, structural 3D printed components, such as pylon spars and rib structures. Hence these factors are analyzed to drive the market growth in the forecast period 2021-2026.

Increasing demand for combining HIP with other heat treatment processes

Conventional practice often has the HIP and heat treat processes performed at different facilities, thus, the parts must be loaded and unloaded into process vessels twice and shipped from one facility to another, and hence this consumes more time and power. However, the combination of HIP and other heat treatment processes in a single and integrated unit benefits by reducing energy consumption and improving the delivery time of components. Moreover, processes such as HIP, additive manufacturing, and spark plasma sintering can be used as a single unit to create high-integrity, near-net-shape parts from metal powder, while decrease processing costs and energy consumption. Hence these factors drive the market growth in the forecast period 2021-2026.

Isostatic pressing Market Challenges

High Initial Cost of the Isostatic Press

High initial cost for the installation of isostatic press hampers the market growth in the forecast period. The designing and development of isostatic presses, which are used for densification, casting, and manufacturing of various materials and components, are expensive processes. In addition, the HIP processing needs inert gas as the pressurizing medium to apply equal force for the densification or casting part. Apart from these major components, HIP units have diaphragm compressors, non-lubricated piston compressors, etc., as the essential parts for processing. These components increase the total operating cost of a system. Moreover, the installation of these systems needs trained personnel to have a thorough knowledge of the systems, which adds to the implementation cost as well. Therefore, the cost of designing and development along with the cost of installation leads to a high initiation cost.

Market Landscape

Product launches, acquisitions, expansions, partnerships and R&D activities are key strategies adopted by players in the Isostatic pressing market. In 2019, the market of Isostatic pressing industry outlook has been fragmented by several companies. Isostatic pressing top 10 companies include Pressure Technology Inc., Kittyhawk Products, Quad City Manufacturing Lab, Kobe Steel Ltd., Bodycote, Kennametal Inc., Arconic, Nikkiso Co., Ltd., Höganäs AB, Shanxi Golden Kaiyuan Co., Ltd., Quintus Technologies AB, Sandvik AB, among others.

Acquisitions/Technology Launches

  • In January 2019, EOS had announced three recent leadership appointments in the Asia-Pacific as well as expansion of its regional footprint as a part of the company's bid to meet strong demand for the additive manufacturing (AM) sector.

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1. Isostatic Pressing Market Overview
    1.1 Definitions and Scope
2. Isostatic Pressing Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Application
    2.3 Key trends segmented by Geography
3. Isostatic Pressing Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Isostatic Pressing Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Isostatic Pressing Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Isostatic Pressing Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Isostatic Pressing Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Isostatic Pressing Market – By Type (Market Size -$Million/Billion)
    8.1 Hot Isostatic Pressing
    8.2 Cold Isostatic Pressing
9. Isostatic Pressing Market – By Offering (Market Size -$Million/Billion)
    9.1 Systems
    9.2 Services
10. Isostatic Pressing Market – By HIP Capacity (Market Size -$Million/Billion)
    10.1 Small Sized HIP
    10.2 Medium Sized HIP
    10.3 Large Sized HIP
11. Isostatic Pressing Market – By CIP Process Type (Market Size -$Million/Billion)
    11.1 Dry Bag Pressing
    11.2 Wet Bag Pressing
12. Isostatic Pressing Market – By Application (Market Size -$Million/Billion)
    12.1 Automotive
    12.2 Energy and Power
    12.3 Precision Machinery Manufacturing
    12.4 Military and Aerospace
    12.5 Healthcare
    12.6 Others
13. Isostatic Pressing Market - By Geography (Market Size -$Million/Billion)
    13.1 North America
        13.1.1 U.S
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 Germany
        13.2.2 France
        13.2.3 UK
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Russia
        13.2.7 Netherlands
        13.2.8 Others
    13.3 APAC
        13.3.1 China
        13.3.2 Japan
        13.3.3 South Korea
        13.3.4 India
        13.3.5 Australia
        13.3.6 Indonesia
        13.3.7 Malaysia
        13.3.8 Others
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Chile
        13.4.4 Colombia
        13.4.5 Others
    13.5 RoW
        13.5.1 Middle East
        13.5.2 Africa
14. Isostatic Pressing Market - Market Entropy
    14.1 New product launches
    14.2 M&A's, collaborations, JVs and partnerships
15. Isostatic Pressing Market – Industry Competitive Landscape (Premium)
    15.1 Market Share – Global
    15.2 Market Share by Region
    15.3 Market Share By Application
16. Isostatic Pressing Market – Key Company List by Country Premium (Premium)
17. Isostatic Pressing Market - Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10

LIST OF TABLES

1.Global Isostatic Pressing Market, By Offering Market 2019-2024 ($M)
1.1 System Market 2019-2024 ($M) - Global Industry Research
1.2 Service Market 2019-2024 ($M) - Global Industry Research
2.Global Isostatic Pressing Market, By Type Market 2019-2024 ($M)
2.1 Hot Isostatic Pressing Market 2019-2024 ($M) - Global Industry Research
2.2 Cold Isostatic Pressing Market 2019-2024 ($M) - Global Industry Research
3.Global Hot Isostatic Pressing System Market, By Capacity Market 2019-2024 ($M)
3.1 Small-Sized Hip Market 2019-2024 ($M) - Global Industry Research
3.2 Medium-Sized Hip Market 2019-2024 ($M) - Global Industry Research
3.3 Large-Sized Hip Market 2019-2024 ($M) - Global Industry Research
4.Global Cold Isostatic Pressing System Market, By Process Type Market 2019-2024 ($M)
4.1 Wet Bag Pressing Market 2019-2024 ($M) - Global Industry Research
4.2 Dry Bag Pressing Market 2019-2024 ($M) - Global Industry Research
5.Global Isostatic Pressing Market, By Offering Market 2019-2024 (Volume/Units)
5.1 System Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Service Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Isostatic Pressing Market, By Type Market 2019-2024 (Volume/Units)
6.1 Hot Isostatic Pressing Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Cold Isostatic Pressing Market 2019-2024 (Volume/Units) - Global Industry Research
7.Global Hot Isostatic Pressing System Market, By Capacity Market 2019-2024 (Volume/Units)
7.1 Small-Sized Hip Market 2019-2024 (Volume/Units) - Global Industry Research
7.2 Medium-Sized Hip Market 2019-2024 (Volume/Units) - Global Industry Research
7.3 Large-Sized Hip Market 2019-2024 (Volume/Units) - Global Industry Research
8.Global Cold Isostatic Pressing System Market, By Process Type Market 2019-2024 (Volume/Units)
8.1 Wet Bag Pressing Market 2019-2024 (Volume/Units) - Global Industry Research
8.2 Dry Bag Pressing Market 2019-2024 (Volume/Units) - Global Industry Research
9.North America Isostatic Pressing Market, By Offering Market 2019-2024 ($M)
9.1 System Market 2019-2024 ($M) - Regional Industry Research
9.2 Service Market 2019-2024 ($M) - Regional Industry Research
10.North America Isostatic Pressing Market, By Type Market 2019-2024 ($M)
10.1 Hot Isostatic Pressing Market 2019-2024 ($M) - Regional Industry Research
10.2 Cold Isostatic Pressing Market 2019-2024 ($M) - Regional Industry Research
11.North America Hot Isostatic Pressing System Market, By Capacity Market 2019-2024 ($M)
11.1 Small-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
11.2 Medium-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
11.3 Large-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
12.North America Cold Isostatic Pressing System Market, By Process Type Market 2019-2024 ($M)
12.1 Wet Bag Pressing Market 2019-2024 ($M) - Regional Industry Research
12.2 Dry Bag Pressing Market 2019-2024 ($M) - Regional Industry Research
13.South America Isostatic Pressing Market, By Offering Market 2019-2024 ($M)
13.1 System Market 2019-2024 ($M) - Regional Industry Research
13.2 Service Market 2019-2024 ($M) - Regional Industry Research
14.South America Isostatic Pressing Market, By Type Market 2019-2024 ($M)
14.1 Hot Isostatic Pressing Market 2019-2024 ($M) - Regional Industry Research
14.2 Cold Isostatic Pressing Market 2019-2024 ($M) - Regional Industry Research
15.South America Hot Isostatic Pressing System Market, By Capacity Market 2019-2024 ($M)
15.1 Small-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
15.2 Medium-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
15.3 Large-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
16.South America Cold Isostatic Pressing System Market, By Process Type Market 2019-2024 ($M)
16.1 Wet Bag Pressing Market 2019-2024 ($M) - Regional Industry Research
16.2 Dry Bag Pressing Market 2019-2024 ($M) - Regional Industry Research
17.Europe Isostatic Pressing Market, By Offering Market 2019-2024 ($M)
17.1 System Market 2019-2024 ($M) - Regional Industry Research
17.2 Service Market 2019-2024 ($M) - Regional Industry Research
18.Europe Isostatic Pressing Market, By Type Market 2019-2024 ($M)
18.1 Hot Isostatic Pressing Market 2019-2024 ($M) - Regional Industry Research
18.2 Cold Isostatic Pressing Market 2019-2024 ($M) - Regional Industry Research
19.Europe Hot Isostatic Pressing System Market, By Capacity Market 2019-2024 ($M)
19.1 Small-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
19.2 Medium-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
19.3 Large-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
20.Europe Cold Isostatic Pressing System Market, By Process Type Market 2019-2024 ($M)
20.1 Wet Bag Pressing Market 2019-2024 ($M) - Regional Industry Research
20.2 Dry Bag Pressing Market 2019-2024 ($M) - Regional Industry Research
21.APAC Isostatic Pressing Market, By Offering Market 2019-2024 ($M)
21.1 System Market 2019-2024 ($M) - Regional Industry Research
21.2 Service Market 2019-2024 ($M) - Regional Industry Research
22.APAC Isostatic Pressing Market, By Type Market 2019-2024 ($M)
22.1 Hot Isostatic Pressing Market 2019-2024 ($M) - Regional Industry Research
22.2 Cold Isostatic Pressing Market 2019-2024 ($M) - Regional Industry Research
23.APAC Hot Isostatic Pressing System Market, By Capacity Market 2019-2024 ($M)
23.1 Small-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
23.2 Medium-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
23.3 Large-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
24.APAC Cold Isostatic Pressing System Market, By Process Type Market 2019-2024 ($M)
24.1 Wet Bag Pressing Market 2019-2024 ($M) - Regional Industry Research
24.2 Dry Bag Pressing Market 2019-2024 ($M) - Regional Industry Research
25.MENA Isostatic Pressing Market, By Offering Market 2019-2024 ($M)
25.1 System Market 2019-2024 ($M) - Regional Industry Research
25.2 Service Market 2019-2024 ($M) - Regional Industry Research
26.MENA Isostatic Pressing Market, By Type Market 2019-2024 ($M)
26.1 Hot Isostatic Pressing Market 2019-2024 ($M) - Regional Industry Research
26.2 Cold Isostatic Pressing Market 2019-2024 ($M) - Regional Industry Research
27.MENA Hot Isostatic Pressing System Market, By Capacity Market 2019-2024 ($M)
27.1 Small-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
27.2 Medium-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
27.3 Large-Sized Hip Market 2019-2024 ($M) - Regional Industry Research
28.MENA Cold Isostatic Pressing System Market, By Process Type Market 2019-2024 ($M)
28.1 Wet Bag Pressing Market 2019-2024 ($M) - Regional Industry Research
28.2 Dry Bag Pressing Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Isostatic Pressing Market Revenue, 2019-2024 ($M)
2.Canada Isostatic Pressing Market Revenue, 2019-2024 ($M)
3.Mexico Isostatic Pressing Market Revenue, 2019-2024 ($M)
4.Brazil Isostatic Pressing Market Revenue, 2019-2024 ($M)
5.Argentina Isostatic Pressing Market Revenue, 2019-2024 ($M)
6.Peru Isostatic Pressing Market Revenue, 2019-2024 ($M)
7.Colombia Isostatic Pressing Market Revenue, 2019-2024 ($M)
8.Chile Isostatic Pressing Market Revenue, 2019-2024 ($M)
9.Rest of South America Isostatic Pressing Market Revenue, 2019-2024 ($M)
10.UK Isostatic Pressing Market Revenue, 2019-2024 ($M)
11.Germany Isostatic Pressing Market Revenue, 2019-2024 ($M)
12.France Isostatic Pressing Market Revenue, 2019-2024 ($M)
13.Italy Isostatic Pressing Market Revenue, 2019-2024 ($M)
14.Spain Isostatic Pressing Market Revenue, 2019-2024 ($M)
15.Rest of Europe Isostatic Pressing Market Revenue, 2019-2024 ($M)
16.China Isostatic Pressing Market Revenue, 2019-2024 ($M)
17.India Isostatic Pressing Market Revenue, 2019-2024 ($M)
18.Japan Isostatic Pressing Market Revenue, 2019-2024 ($M)
19.South Korea Isostatic Pressing Market Revenue, 2019-2024 ($M)
20.South Africa Isostatic Pressing Market Revenue, 2019-2024 ($M)
21.North America Isostatic Pressing By Application
22.South America Isostatic Pressing By Application
23.Europe Isostatic Pressing By Application
24.APAC Isostatic Pressing By Application
25.MENA Isostatic Pressing By Application
26.Key Playres, Sales /Revenue, 2015-2018 ($Mn/$Bn)