Global Isostatic Pressing Market

Global Isostatic Pressing Market Overview

The isostatic pressing market was valued at USD 7.1 billion in 2021 and is projected to reach USD 12.0 billion by 2027. It advanced at a CAGR of 8.6% over the forecast period. Rapidly growing demand for materials with high intensity and low porosity in 3D printing, increasing focus on developing low-cost products, reducing manufacturing cycle time, and growing emphasis on the combination of hot isostatic pressing (HIP) and other heat treatment processes the market-leading factor for isostatic pressing. For instance, Alcoa invested $21.23 million in Michigan for advanced HIP technology to build up the metal structure of the titanium, nickel, and 3D jet engine components. Hence these outlays are analyzed to drive the market growth in the forecast period 2021-2027.

What is Isostatic Pressing?

Isostatic pressing is a procedure for forming powder metallurgy (PM). This process applies uniform pressure in all directions on a compact powder to obtain a maximum consistency of density and microstructure. Isostatic pressing is of two kinds, i.e., hot. And cold. These two production processes serve to improve the porosity of metals. Hot isostatic pressing (HIP) is used to fuse high-temperature rooms by diffusion to solid-state completely. In contrast, cold isostatic pressing (CIP) is used to compress green spaces to atmospheric temperature.

GROWTH DRIVERS

Application of isostatic pressure to remain high in the aerospace and defense industries.

The development of aerospace and defense industries is positively influencing the adoption of advanced isostatic pressing methods. Hot isostatic pressing (HIP) technology is used to develop stainless steel and nickel-based superalloys used in aerospace and defense for missile and space vehicle applications. HIP technology is used to produce commercial aircraft. Aircraft parts and engines should be high in density and low in weight to certify excellent operational performance.  Therefore, it is anticipated that will increasingly apply HIP technology in the aerospace and defense industry to inflate material capabilities and process efficiency in the future.

High Initial Investment and Operational Cost Analogous with Isostatic Pressing Acts as a Major Restraint

Isostatic pressing technology entails high initial investment and maintenance, and operational costs. The technology comes with additional expenses such as power consumption, gas, wear parts, and work hours required per cycle. The cost of the isostatic pressurization cycle varies depending on the type of components to be processed, depending on the specific quantity of parts to be processed, and how the process is being carried forward – either through a HIP service provider or through the in-house operation. As a result, high initial installation costs and operating costs associated with isostatic pressing will increase market growth over the projection period.

PRE-COVID 19 IMPACT

Before Covid 19, a rapid rise in products with a short production cycle in the health care sector was expected to propel the isostatic pressing market growth in the upcoming years. An increase in additive manufacturing technology in the defense sector provided essential opportunities for the isostatic pressing market. Hot isostatic pressing comprises five significant components such as pressure vessel and electrical system, which requires a high initial investment, hampered speculation for isostatic pressing in developing countries.

COVID-19 IMPACT

The entire world is battling an economic crisis caused by the outbreak and widespread of the COVID-19 pandemic. The pandemic has drastically affected various industries, such as automotive, medical, aerospace & defense, manufacturing, and logistics. In this current situation, the key market players are presently focusing on maintaining and giving rise to revenues to be operational—this reduced developments, including product launches and their distribution to the isostatic pressing market in 2020. Several planned product releases and associated effects have been suspended due to the spread of the deadly virus.

The operations of isostatic press production units worldwide have been affected by the imposed containment and the shortage of labor and raw materials.

POST COVID-19 IMPACT

The COVID-19 outbreak has resulted in a slower growth rate in the production and manufacturing sectors in 2020, and it is expected that the market will grow relatively slowly through the end of 2021. However, sectors such as health care, energy, and electricity have experienced significant growth due to the COVID-19 epidemic, which is expected to propel the demand for the isostatic pressing market in the coming year. Due to covid –19, a short production cycle was held in many regions, including North America, because of no labor force.

TYPE SEGMENTAL ANALYSIS

Depending on the type, Global Isostatic Pressing is split between Hot Isostatic Pressing and Cold Isostatic Pressing.

Cold isostatic pressing is used to compress the green parts to room temperature. In contrast, hot isostatic pressing is used to solidify the positions to higher temperatures through solid-state diffusion completely. The hot isostatic pressing (HIP) segment ruled over the market in terms of earnings in 2019. However, the isostatic cold pressing (CIP) segment is expected to have a significant market share during the forecast period.

OFFERING SEGMENTAL ANALYSIS

Based on the offering, the global isostatic pressing is segregated into Services and Systems. The systems segment ruled the market in terms of revenue in 2019 and followed the same trend over the entire market forecast period.

CAPACITY SEGMENTAL ANALYSIS

The isostatic pressing market is segmented into small HIP, medium HIP, and significant HIP based on capacity. The isostatic market share of the large HIP segment was highest in 2019 and is expected to follow the same trend over the market forecast horizon. The large-Sized HIP is growing at the highest CAGR of 10.85% in the projection period. That market’s growth is due to the rising demand for HIP in large product manufacturing applications in industries, such as automotive, aerospace & defense, & precision machinery manufacturing. These large capacities of HIP systems permit the densification of more significant products and batches of powder metallurgy, reduce processing costs per unit and help clients gain a more powerful competitive edge in the marketplace.

PROCESS SEGMENTAL ANALYSIS

Depending on the kind of process, the isostatic pressing market is segmented into dry bag pressing and wet bag pressing. The dry pressing bag segment accounted for a significant share of the isostatic pressing market is 2019; however, it is anticipated that the damp bag pressing segment will have the highest CAGR during the market forecast period.

APPLICATION SEGMENTAL ANALYSIS

The isostatic pressing market is separated into automobiles, aerospace, defense, medical, energy and energy, semiconductors and electronics, precision machine, manufacturing, research and development, construction, transportation, and logistics. The aerospace and defense sector represented most of the isostatic pressing market in 2019, but the auto sector is expected to witness the highest CAGR during the market forecast period. The need for isostatic pressing for applications in the healthcare sector is expected to grow at the highest CAGR of 11.3% over the market projection tenure. Besides, Companies like GE Healthcare, Thermo Fisher Scientific, etc., have made massive investments in additive manufacturing. That contributes to growing the market in the medical segment during the market forecast period 2021-2027.

REGION SEGMENTAL ANALYSIS

The isostatic press markets are analyzed across North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America ruled the market in terms of revenue in 2019 and followed the same trend during the market forecast period. Isostatic pressing in North America has gripped the highest share of 36% in the forecast period, owing to speculations for HIP-processed products in numerous industries, including precision manufacturing, aerospace & defense, and automotive. A few HIP manufacturers have executed high-capacity HIP units at research facilities in North America to enlarge a wide variety of industrial components and eliminate internal porosity through high precision machinery.  Isostatic pressing is also used to manufacture automotive parts, such as spark plug insulation and carbide tools. Furthermore, an increase in inclination towards generating lower-cost commodities with shorter cycles is also expected to drive market growth over the 2021-2027 forecast period.

Asia-Pacific is witnessed to grow at a significant growth rate of 2021 to 2027 owing to the rapid increase in demand for low-cost and reliable metal and ceramics products for several applications, growing preference towards custom implants because of better and proficient recovery in the region.

COMPETITOR ANALYSIS

The global isostatic pressing market is very volatile, with many international and regional players on the market.

KobeSteel (Japan), Bodycote (UK), Kennametal (US), Arconic (US), and Nikkiso (Japan) are the major Key players in the Global Isostatic Pressing market.

KEY STAKEHOLDERS

• Market research and consulting firms
• Industry Associations
• Global Isostatic Pressing technology manufacturing firms
• Research Organizations and consulting companies
• Organizations, associations, and alliances related to microarray analysis.
• Regulatory Bodies
• Suppliers
• Retailers

RECENT DEVELOPMENTS

1. In April 2021, Bodycote took over Ellison Surface Technologies. The acquisition was intended to power Bodycote’s thermal and technical coating surface technology services worldwide.
2. In February 2021, Bodycote further dilated its facility in Syracuse, North America. It provides an ample range of heat treatment processes. This comprises vacuum heat treating, atmospheric carburizing, low-pressure carburizing, carbonitriding, ferritic nitrocarburizing, nitration, and thermal treatment of aluminum.
3. In July 2020, Kobe Steel concluded a non-binding agreement with Vale S.A., the biggest iron ore producer in the world, and Mitsui & Co., Ltd., a global trading and investment company with a various business portfolio, to team up by supplying metallurgical and steel solutions with low CO2 emissions to the world’s steel industry.
4. In July 2019, Kobe Steel founded Kobelco Europe GmbH (KEU) to serve as Kobe Steel Group’s European headquarters. This expansion aimed to build up Kobe Steel’s operational management in Europe, beginning with corporate governance and compliance. KEU aimed further to promote coordination between Kobe Steel companies in the region.
5. In April 2018, Bodycote entered into a 15-year contract with Rolls-Royce (United Kingdom). As part of this contract, the company has agreed to offer heat treatment services, including Specialised vacuum heat treatment and HIP., and support to the turbine blade casting facilities at Rolls-Royce in Derby and Rotherham, UK.

Scope of the Report

MARKET MODELLING

BY TYPE

• Hot Isostatic Pressing
• Cold Isostatic Pressing

BY OFFERING

• Services
• Systems

BY CAPACITY

• Small Sized Hip
• Medium Sized Hip
• Large Sized Hip

BY PROCESS

• Dry Bag Pressing
• Wet Bag Pressing

BY END-USER

• AutoMotive
• Aerospace&Defence
• Medical
• Energy & Power
• Electronics & Semiconductor
• Manufacturing
• Recent Developments

Report Content

1. Research Strategic Development

           1.1  Market Modelling

           1.2 Product Analysis

           1.3 Market Trend and Economic Factor Analysis

           1.4  Market Segmental Analysis

           1.5 Geographical Mapping

          1.6 Country Wise Segregation

2. Research Methodology

       2.1 Identification of Targeted Market

       2.2 Data Acquisition

       2.3 Refining of Data/ Data Transformations

       2.4 Data Validation through Primary Techniques

       2.5 Exploratory Data Analysis

       2.6 Graphical Techniques/ Analysis

       2.7 Quantitative Technique Analysis

       2.8 Visual Result/ Presentation

3. Executive Summary
4. Market Insights

      4.1 Supply Chain Analysis

      4.2  Economic Factor Analysis

           4.2.1 Drivers

           4.2.2 Trends

           4.2.3 Opportunities

           4.2.4 Challenges

     4.3 Technological Landscape

     4.4 Competitors and Product Analysis

     4.5 Regulatory Framework

     4.6 Company Market Share Analysis, 2020

     4.7 Porter’s Five Forces Analysis

     4.8 New Investment analysis 

     4.9 PESTEL Analysis

     4.10  Pre Covid Impact

     4.11  Post Covid Impact

5. Global Isostatic Pressing Market Overview

     5.1 Market Size & Forecast, 2017-2027

         5.1.1  Demand

             5.1.1.1 By Value (USD Million)

     5.2 Market Share & Forecast,2017-2027.

         5.2.1 By Type

              5.2.1.1 Hot Isostatic Pressing

              5.2.2.2 Cold Isostatic Pressing

        5.2.2 By Offering

            5.2.2.1 Services

            5.2.2.2 System

         5.2.3 By Capacity

               5.2.3.1 Small Sized Hip

               5.2.3.2 Medium Sized Hip

               5.2.3.3 Large Sized Hip

         5.2.4 By Process

             5.2.4.1 Dry Bag Pressing

             5.2.4.2 Wet Bag Pressing

         5.2.5  By End-User

             5.2.5.1 Auto Motive 

             5.2.5.2 Aerospace & Defense

             5.2.5.3  Medical

             5.2.5.4 Energy & Power

             5.2.4.5 Electronics & Semi Conductor

             5.2.4.6 Manufacturing

             5.2.4.7 Research & Development

         5.2.5 By Region

             5.2.5.1 North America

             5.2.5.2 Europe

             5.2.5.3 Asia Pacific

             5.2.5.4 South America

             5.2.5.5 the Middle East & Africa

6. North America Isostatic Pressing Market Overview

           6.1 North America Isostatic Pressing Market Size & Forecast 2017-2027

             6.1.1 Demand

                6.1.1.1 By Value (USD Million)

             6.1.2 Consumption

          6.2  North America Isostatic Pressing Market Share & Forecast 2017-2027

               6.2.1  By Type

                  6.2.1.1 Hot Isostatic Pressing

                  6.2.1.2 Cold Isostatic Pressing

               6.2.2 By Capacity

                  6.2.2.1 Small Sized Hip

                  6.2.2.2 Medium Sized Hip

                  6.2.2.3 Large Sized Hip

              6.2.3  By Process

                   6.2.3.1 Dry Bag Pressing

                   6.2.3.2 Wet Bag Pressing

               6.2.4  By End User

                    6.2.4.1 Automotive

                    6.2.4.2 Medical

                    6.2.4.3 Energy & Power

                    6.2.4.4 Research & Development

                6.2.5 By Country

                    6.2.5.1 US

                    6.2.5.2 Canada

                    6.2.5.3  Mexico

            6.5 Company Market Share

      6.6 Economic impact study on Global Isostatic Pressing Market North America.

7. Europe Isostatic Pressing Market Overview

         7.1 Europe Global Isostatic Pressing Market Size & Forecast 2017-2027,

            7.1.1 Demand

               7.1.1.1 By Value ( USD Million)

         7.2 Europe Global Isostatic Pressing Market Share & Forecast 2017-2027,

            7.2.1 By Type

              7.2.1.1 Hot Isostatic Pressing

              7.2.1.2 Cold Isostatic Pressing

            7.2.2 By Capacity

              7.2.2.1 Small Sized Hip

              7.2.2.2 Medium Sized Hip

              7.2.2.3 High Sized Hip

            7.2.3 By Process

               7.2.3.1 Dry Bag Pressing

               7.2.3.2 Wet Bag Pressing

           7.2.4 By End User

             7.2.4.1 Auto Motive 

             7.2.4.2 Aerospace & Defense

             7.2.4.3  Medical

             7.2.4.4 Energy & Power

             7.2.4.5 Electronics & Semi Conductor

             7.2.4.6 Manufacturing

             7.2.4.7 Research & Development

          7.2.5 By Country

             7.2.5.1 UK

             7.2.5.2 Germany

             7.2.5.3 France

             7.2.5.4 Rest Of Europe

           7.5 Company Market Share

          7.6 Economic impact study on Global Isostatic Pressing Market Europe.

8. Asia Pacific Isostatic Pressing Market Overview

     8.1 Asia Pacific Isostatic Pressing Market Size & Forecast 2017-2027,

        8.1.1 Demand

           8.1.1.1 By Value (USD Million)

     8.2 Asia Pacific Isostatic Pressing Market Share & Forecast,

       8.2.1 By Type

          8.2.1.1 Hot Isostatic Pressing

          8.2.1.2 Cold Isostatic Pressing

       8.2.2 By  Capacity

           8.2.2.1 Small Size Hip

           8.2.2.2 Medium Size Hip

           8.2.2.3 Large Size Hip

      8.2.3 By Process

          8.2.3.1 Dry Bag Pressing

          8.2.3.2 Wet Bag Pressing

      8.2.4  By End User

             8.2.4.1 Auto Motive 

             8.2.4.2 Aerospace & Defense D

             8.2.4.3  Medical

             8.2.4.4 Energy & Power

             8.2.4.5 Electronics & Semi Conductor

             8.2.4.6 Manufacturing

             8.2.4.7 Research & Development

       8.2.5 By Country

             8.2.5.1 China

             8.2.5.2 Japan

             8.2.5.3 South Korea

             8.2.5.4 Rest of Asia Pacific

    8.5 Company Market Share

    8.6 Economic impact study on Global Isostatic Pressing Market Asia Pacific.

9. South America Isostatic Pressing market Review

    9.1 South America  Isostatic Pressing Market Size & Forecast,

        9.1.1 Demand

           9.1.1.1 By Value (USD Million)

        9.1.2 By Consumption

     9.2 South America Isostatic Pressing Market Share & Forecast  2017-2027

       9.2.1 By Type

          9.2.1.1 Hot Isostatic Pressing

          9.2.1.2 Cold Isostatic Pressing

       9.2.2 By  Capacity

           9.2.2.1 Small Size Hip

           9.2.2.2 Medium Size Hip

           9.2.2.3 Large Size Hip

      9.2.3 By Process

          9.2.3.1 Dry Bag Pressing

          9.2.3.2 Wet Bag Pressing

      9.2.4  By End User

             9.2.4.1 Auto Motive 

             9.2.4.2 Aerospace & Defense

             9.2.4.3  Medical

             9.2.4.4 Energy & Power

             9.2.4.5 Electronics & Semi Conductor

             9.2.4.6 Manufacturing

             9.2.4.7 Research & Development

     9.2.5 By Country

         9.2.5.1 Brazil

         9.2.5.2 Argentina

         9.2.5.3 Rest of South America

   9.5 Company Market Share

  9.6 Economic impact study on Global Isostatic Pressing Market Middle South America.

10. the Middle East & Africa Isostatic Pressing Market Overview

     10.1 Middle East & Africa Isostatic Pressing Market Size & Forecast,

         10.1.1 Demand

     10.2 South America Isostatic Pressing Market Share & Forecast 2017-2027,   

       10.2.1 By Type

          10.2.1.1 Hot Isostatic Pressing

          10.2.1.2 Cold Isostatic Pressing

       10.2.2 By Capacity

           10.2.2.1 Small Size Hip

           10.2.2.2 Medium Size Hip

           10.2.2.3 Large Size Hip

      10.2.3 By Process

            10.2.3.1 Dry Bag Pressing

            10.2.3.2 Wet Bag Pressing

      10.2.4  By End User

             10.2.4.1 Auto Motive 

             10.2.4.2 Aerospace & Defense

             10.2.4.3  Medical

             10.2.4.4 Energy & Power

             10.2.4.5 Electronics & Semi Conductor

             10.2.4.6 Manufacturing

             10.2.4.7 Research & Development

     10.2.5  By Country

              10.2.5.1 Saudi Arabia

              10.2.5.2 UAE

              10.2.5.3 South Africa

              10.2.5.4 Rest of Middle East & Africa

   10.5   Company Market Share

  10.6    Economic impact study on Global Isostatic Pressing Market Middle East & Africa.

11. Competitor Analysis

    11.1 Company Description (Overview)

    11.2 Financial Analysis

    11.3 Key Products

    11.4 Key Management Personnel

    11.5 Contact Address

    11.6 SWOT Analysis

    11.7  Company Profile

       11.7.1 Introduction

        11.7.1.1 Kobe Steel

        11.7.1.2 Bodycote

        11.7.1.3 Kennametal

        11.7.1.4 Nikkiso

        11.7.1.5 Arconic

       11.7.1.6 American Isostatic presses      

         11.7.1.7 Engineered Pressure Systems

        11.7.1.8 Pressure Technology

        11.7.1.9 Fluitron

        11.7.1.10 Shanxi Golden KAIYUAN