Le Lézard
Classified in: Mining industry, Science and technology, Covid-19 virus
Subject: MRR

Isostatic Pressing Market worth $11.7 billion by 2028 - Exclusive Report by MarketsandMarketstm


CHICAGO, June 5, 2023 /PRNewswire/ -- The global Isostatic pressing market is expected to grow from USD 8.1 billion in 2023 to USD 11.7 billion by 2028, registering a CAGR of 7.6% according to a new report by MarketsandMarketstm. The isostatic pressing market is driven by the demand for high-quality and reliable components, the growth of precision machine manufacturing, and advanced manufacturing solutions. The growth of the aerospace, medical, automotive, and energy industries and the need for enhanced mechanical properties are also key factors. Furthermore, developing new materials and alloys is another important driving factor for the growth of isostatic pressing in the forecast period.

MarketsandMarkets_Logo

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23702585

Browse in-depth TOC on "Isostatic Pressing Market
100 ? Tables
35 ? Figures
200 ? Pages

Isostatic Pressing Market Report Scope:

Report Coverage

Details

Market Revenue in 2023

$8.1 billion

Estimated Value by 2028

$11.7 billion

Growth Rate

Poised to grow at a CAGR of 7.6%

Market Size Available for

2019?2028

Forecast Period

2023?2028

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, Type, HIP Capacity, Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Limited size and shape capabilities of Isostatic Pressing

Key Market Opportunities

Growing demand for low-cost titanium and its alloys in the automotive industry

Key Market Drivers

Growing Emphasis on the Combination of Hot Isostatic Pressing (HIP) With Other Heat Treatment Processes

 

The services segment is expected to register a higher CAGR during the forecast period.

The market for isostatic pressing services is growing due to the rising demand for lightweight and high-performance components in the aerospace, defense, medical, automotive, and energy industries. Also, these industries require intricate components with precise specifications and complex shapes. Isostatic pressing services provide a practical solution for manufacturing these components as they can handle complex geometries and produce near-net shape parts. The increasing demand for such components fuels the adoption of isostatic pressing services.

Large-sized hot isostatic pressing to record the highest CAGR during the forecast period.

The growth of the large hot isostatic pressing industry has been mainly attributed to the increasing demand for Critical Components. The aerospace, power generation, and automotive industries, among others, require large-sized critical components that operate under demanding conditions. Hot isostatic pressing (HIP) provides an efficient solution for manufacturing these components, ensuring high-density materials, defect elimination, and enhanced mechanical properties. The increasing demand for these crucial components is propelling the growth of the large-size HIP market.

Precision machine manufacturing to hold the largest market share in the year 2022.

Isostatic pressing systems are widely involved in precision machine manufacturing as they can achieve consistent pressure distribution, accommodate intricate geometries, enhance material density for high-density materials, and ensure reliability and uniformity. Also, it reduces the need for extensive machining and enhances material properties. These benefits collectively increase the demand for isostatic systems to produce precise, reliable, and superior-quality components in precision machine manufacturing.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=23702585

Asia Pacific is expected to grow at the highest CAGR in the isostatic pressing market from 2023 to 2028.

The Asia-Pacific region has experienced substantial industrialization and economic growth in recent decades, resulting in a surge in manufacturing activities across various sectors such as automotive, aerospace, and electronics. This expansion has created a heightened demand for isostatic pressing to meet the manufacturing requirements of these rapidly growing industries. The Asia-Pacific region is a prominent center for electronics manufacturing, with significant participation from countries like China, Japan, and South Korea. sGiven the electronics industry's need for precise and intricate components, isostatic pressing techniques have become vital in production. Consequently, the region's flourishing electronics manufacturing sector has increased demand for isostatic pressing.

Key players operating in the Isostatic pressing companies include Kobe Steel, Ltd. (Japan), Bodycote (UK), Kennametal, Inc. (US), Nikkiso., Ltd. (Japan), DORST Technologies GmbH & Co. KG (Germany), American Isostatic Presses, Inc (US), EPSI (US), Pressure Technology, Inc. (US), Shanxi Golden Kaiyuan Co., Ltd. (China) in the Isostatic pressing market.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=23702585

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports:

Industrial 3D Printing Market with COVID-19 Impact Analysis, by Offering (Printers, Materials, Software, Services), Application, Process, Technology, Industry (Aerospace & Defense, Automotive) and Geography - Global Forecast to 2026

3D Printing Market by Offering (Printer, Material, Software, Service), Process (Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion), Application, Vertical, Technology and Region - Global Forecast to 2028

Automated 3D Printing Market by Offering (Hardware, Software, and Services), Process (Material Handling, Automated Production, Part Handling, Post-Processing, and Multiprocessing), End User (Aerospace & Defense, Healthcare), and Geography - Global Forecast to 2023

3D Scanners Market by Offering (Hardware, Software, Services), Type (3D Laser Scanners, Structured Light Scanners), Technology (Laser Triangulation, Pattern Fringe, Laser Pulse, Laser Phase-shift), Range, Industry and Region - Global Forecast to 2028

3D and 4D Technology Market with COVID-19 Impact Analysis by Solution Type (3D Output Devices, 3D and 4D Input Devices), End-use Application (3D and 4D Gaming), Vertical (Entertainment, Consumer Electronics), Geography - Global Forecast to 2025

About MarketsandMarketstm

MarketsandMarketstm is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStoretm (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarketstm.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra

MarketsandMarketstm INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/isostatic-pressing-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/isostatic-pressing.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg  

 

SOURCE MarketsandMarkets


These press releases may also interest you

at 10:45
The "PCR Markets. Forecasts for qPCR, dPCR, Singleplex & Multiplex Markets and by Application, Product and Place. With Executive and Consultant Guides, Including Customized Forecasting and Analysis. 2023 to 2027" report has been added to...

at 10:01
The Predictive Maintenance Market is estimated to grow from USD 10.6...

at 08:40
The "Global Cell Counting Market: Analysis By Product, By Application, By End-User, By Region Size, Trends and Forecast to 2029" report has been added to ResearchAndMarkets.com's offering. The global cell counting market was valued at US$9.98...

at 06:15
The "Global Immune Health Supplements Market - Outlook & Forecast 2023-2028" report has been added to  ResearchAndMarkets.com's offering. The global immune health supplements market was valued at $20.80 billion in 2022 and is expected to reach...

at 05:45
The Gross Law Firm issues the following notice to shareholders of Amplitude, Inc. . Shareholders who purchased shares of AMPL during...

at 05:45
The Gross Law Firm issues the following notice to shareholders of Nextdoor Holdings, Inc. f/k/a Khosla Ventures Acquisition Co. II ....



News published on and distributed by: