Isostatic Pressing Global Market Opportunities and Strategies to 2032

This report describes and explains the isostatic pressing market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.

The global isostatic pressing market reached a value of nearly $6,787.6 million in 2022, having grown at a compound annual growth rate (CAGR) of 4.1% since 2017. The market is expected to grow from $6,787.6 million in 2022 to $9,588.1 million in 2027 at a rate of 7.2%. The market is then expected to grow at a CAGR of 7.9% from 2027 and reach $14,013.9 million in 2032.

Growth in the historic period resulted from growth in the aerospace industry, the increasing manufacturing production, the growing defense budgets and increasing automotive production. Factors that negatively affected growth in the historic period included the impact of the coronavirus (COVID-19) pandemic.

Going forward, the increasing urbanization, the rising electricity demand and the increasing healthcare expenditure and growth in the medical devices industry will drive the market. Factors that could hinder the growth of the isostatic pressing market in the future include the shortage of labor in the manufacturing industry, the rising interest rates globally and the impact of the Russia-Ukraine war.

The isostatic pressing market is segmented by type into hot isostatic pressing (HIP) and cold isostatic pressing (CIP). The hot isostatic pressing (HIP) market was the largest segment of the isostatic pressing market segmented by type, accounting for 63.7% of the total in 2022. Going forward, the cold isostatic pressing (CIP)segment is expected to be the fastest growing segment in the isostatic pressing market segmented by type, at a CAGR of 7.6% during 2022-2027.

The isostatic pressing market is segmented by offering into systems and services. The systems market was the largest segment of the isostatic pressing market segmented by offering, accounting for 82.9% of the total in 2022. Going forward, the services segment is expected to be the fastest growing segment in the isostatic pressing market segmented by offering, at a CAGR of 7.8% during 2022-2027.

The isostatic pressing market is segmented by process type into wet bag pressing and dry bag pressing. The dry bag pressing market was the largest segment of the isostatic pressing market segmented by process type, accounting for 65.0% of the total in 2022. Going forward, the dry bag pressing segment is expected to be the fastest growing segment in the isostatic pressing market segmented by process type, at a CAGR of 6.8% during 2022-2027.

The isostatic pressing market is segmented by capacity into small sized, medium sized and large sized. The large sized market was the largest segment of the isostatic pressing market segmented by capacity, accounting for 44.0% of the total in 2022. Going forward, the small sized segment is expected to be the fastest growing segment in the isostatic pressing market segmented by capacity, at a CAGR of 7.3% during 2022-2027.

The isostatic pressing market is segmented by end-user industry into manufacturing, automotive, electronics and semiconductor, medical, aerospace and defense, energy and power, research and development and other end-users. The aerospace and defense market was the largest segment of the isostatic pressing market segmented by end-user industry, accounting for 25.9% of the total in 2022. Going forward, the electronics and semiconductor segment is expected to be the fastest growing segment in the isostatic pressing market segmented by end-user industry, at a CAGR of 7.8% during 2022-2027.

Asia Pacific was the largest region in the isostatic pressing market, accounting for 38.7% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the isostatic pressing market will be Western Europe and Africa where growth will be at CAGRs of 9.3% and 8.8% respectively.

The global isostatic pressing market is fairly concentrated, with a few large players operating in the market. The top ten competitors in the market made up 38.62% of the total market in 2021. Kobe Steel Ltd. was the largest competitor with a 12.70% share of the market, followed by Aalberts N.V. with 11.05%, Nikkiso Co., Ltd. with 9.92%, Bodycote PLC with 2.58%, Hoganas AB with 2.09%, Pressure Technology Inc. with 0.12%, Hiperbaric with 0.10%, FREY & Co. GmbH with 0.04%, Dorst Technologies GmbH & Co. KG with 0.01% and MTI Corporation with 0.003%.

The top opportunities in the isostatic pressing market segmented by type will arise in the hot isostatic pressing (HIP) segment, which will gain $1,714.8 million of global annual sales by 2027. The top opportunities in the isostatic pressing market segmented by offering will arise in the systems segment, which will gain $2,276.6 million of global annual sales by 2027. The top opportunities in the isostatic pressing market segmented by process type will arise in the dry bag pressing segment, which will gain $1,880.5 million of global annual sales by 2027. The top opportunities in the isostatic pressing market segmented by capacity will arise in the large sized segment, which will gain $1,196.5 million of global annual sales by 2027. The top opportunities in the isostatic pressing market segmented by end-user industry will arise in the aerospace and defense segment, which will gain $758.3 million of global annual sales by 2027. The isostatic pressing market size will gain the most in China at $590.8 million.

Market-trend-based strategies for the isostatic pressing market include focus on strategic investments, capacity expansions, technological advancements, new advanced project developments, product innovations, installation of new machines and strategic partnerships and collaborations.

Player-adopted strategies in the isostatic pressing market include a focus on enhancing operational capabilities through the launch of new products.

To take advantage of the opportunities, the analyst recommends the isostatic pressing companies to focus on product innovations, focus on technological advancements, focus on strategic investments in new systems, focus on capacity expansions, expand in emerging markets, continue to focus on developed markets, focus on mergers and acquisitions, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, and continue to target fast-growing end-user industries.