Isostatic Pressing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Isostatic Pressing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2021 | Semiconductor & Electronics

Report Digest

Isostatic Pressing Market- Introduction

Isostatic pressing is the powder metallurgy forming process which applies equal pressure on the product regardless of the shape and size in all the directions to achieve maximum uniformity for microstructure and density. Isostatic pressing includes hot isostatic pressing and cold isostatic pressing. Cold isostatic pressing is material processing method used to compact green parts. While hot isostatic pressing is used to increase density of ceramic metals and reduce porosity of the metals.

Offering a range of advantages in manufacturing process with regards to precision forming, better material properties, and cost reduction by eliminating machining process. Some of the common applications of isostatic pressing are explosives, chemicals, food, pharmaceuticals, and nuclear fuel ferrites. The ability to form product shapes and reduce the use of expensive machining is one of the major driving forces for the use of isostatic pressing.

Isostatic Pressing Market- Notable Highlights

  • Paulo is planning to add Hot Isostatic Pressing (HIP) by Quintus Technologies to its thermal processing services. The HIP will be installed at Paulo’s Cleveland division in Ohio which offers brazing and vacuum heat treatment. The order includes extended warranty, extra furnace system, and care agreement of 5 years by Quintus for maintenance. Both the companies will also sign marketing agreement to increase the use of high pressure heat treatment.
  • Stack HIP and Peoria Gardens request for enterprise zone was approved by the commissioners at Linn County Board. Stack HIP is planning to purchase land by investing US$ 30 million and construct the building an install hot isostatic pressing system worth US$20 million.
  • Stack Metallurgical Group is extending its portfolio by adding Mega HIP system from Quintus Technologies. The QIH 286 M URC® features a large capacity work zone of 102 in height and 63 in diameter and comes with uniform rapid cooling.

Some of the most prominent competitors operating in the competitive landscape of global isostatic pressing market include –

  • Kennametal
  • Nikkiso
  • Kobe Steel
  • American Isostatic Presses
  • Bodycote
  • Arconic
  • Pressure Technology
  • Fluitron
  • Engineered Pressure Systems
  • Shanxi Golden Kaiyuan

Isostatic Pressing Market Dynamics

Increasing Use of Additive Manufacturing Technique Driving Isostatic Pressing Market

Increasing use of various processes under additive manufacturing including rapid prototyping, 3D printing, and powder metallurgy across wide range of industries is accelerating the use of isostatic pressing. Hot isostatic pressing is being used as the final step in various additive manufacturing processes in order to consolidate the formed product by the solid state diffusion.

Additive manufacturing is finding wide application in the research and development sector and in various industries such as aerospace, automotive, and medical device manufacturing due to the ability to produce components in these industries at low cost and in less time. This is leading to the growing demand for hot isostatic pressing which improves yield when used as an integral part of the manufacturing process.

Growing Adoption of Hot Isostatic Pressing Process in Automotive Industry

The hot isostatic pressing process is being largely adopted in the automotive industry in order to reduce the manufacturing cost of titanium alloys and other super-alloys. The hot isostatic pressing process leads to less manufacturing time along with the reduced cost as compared to other conventional processes. The time and cost benefit are driving the demand for hot isostatic pressing process in automotive industry.

The hot isostatic pressing is used largely in the development of automotive engine components. Moreover, producing multiple diffusion bonds, hot isostatic pressing process and cladding is used to coat materials with superior properties, such as wear resistance, corrosion resistance into more economical substrate, in order to design parts and components cost-effectively. The demand for hot isostatic pressed components is likely to find wide application in automotive industry in the coming years with increasing use of 3D printing technology in automotive component manufacturing. 

High Initial Cost of Isostatic Pressing to Restrain Isostatic Pressing Market Growth

Isostatic pressing is largely used across industries to achieve high compact densities and get access to the shapes that cannot be obtained using other pressing techniques. The wet bag and dry bag processes are used in production of components, offering efficiency and high compact densities. However, both wet and dry type of isostatic pressing the tooling cost and complexity is higher than other pressing processes.

In recent years, the use of hot isostatic pressing has increased across industries, however, hot isostatic pressing is very expensive due to the high equipment cost. Meanwhile, manufacturers are focusing on offering better properties that are unique to the process required in the application, thereby, justifying extra cost.

Isostatic Pressing Market Segmentation

Based on type, the isostatic pressing market is segmented into

  • Hot Isostatic Pressing
  • Cold Isostatic Pressing

Based on the offering, the isostatic pressing market is segmented into

  • Services
  • Systems

Based on application, the isostatic pressing market is segmented into

  • Precision Machine Manufacturing
  • Automotive
  • Aerospace & Defense
  • Energy & Power

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?