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.
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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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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
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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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