Isostatic Press Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Cold Isostatic Press (CIP), Hot Isostatic Press (HIP)), By Size (Small Sized, Medium Sized, Large Sized), By End-User Industry (Manufacturing, Automotive, Aerospace & Defense, Electrical And Electronics, Metallurgy, Energy And Power, Healthcare, Others), By Offering (Services, Solutions), And By Geography - Forecasts From 2022 To 2027

Published:  Sep 2022 Report Code: KSI061612350 Pages: 135

The isostatic press market was valued at US$6.731 billion in 2020.

An isostatic press is a machine that is used to carry out the process of isostatic pressing. Isostatic pressing is a forming process under powder metallurgy and is used to distribute the compacted powder material evenly in all directions due to which, maximum density and uniformity of the microstructure are achieved. There are two methods of conducting this process, which is the hot and cold methods.

Cold pressing is used to compact parts at ambient temperature, whereas hot pressing is used to join parts completely, and it is done at elevated temperatures by solid-state diffusion. There is a mounting concern among end-user industries to manufacture and produce components of high quality with enhanced properties for purposes like injection molded automotive components, turbine components, commercial casting, airframe casting, and metal additive manufacturing for aerospace among others, which is leading to increased adoption by the industries. Moreover, as the manufacturing process and operations are increasing in different industries, companies are looking for solutions that can provide low tooling costs, flexibility of components, reduction in material expenses, enhanced mechanical properties, and the possibility of making alloys, thereby boosting the adoption of these solutions.

Growing investments and product launches by major companies

Furthermore, increasing investments and participation of market players to improve these machines by incorporating advanced features and encouraging their usage across different industry verticals. For instance, on May 15, 2019, Quintus Technologies, which designs, manufactures, installs, and provides support for high-pressure systems for industries, based in Sweden, announced the launch of their new hot isostatic press machine, QIH 60M URC.  This machine is capable of reducing the number of steps required to manufacture a product as it combines the press operation as well as cooling operations and can provide greater throughput. In addition, on November 6, 2019, Hiperbaric, which is one of the leading companies in producing high-pressure processing equipment for the food industry, announced its expansion into the additive manufacturing line by announcing the production of hot isostatic presses.

Key Development

  • MPP, Noblesville, announced the acquisition of the new equipment of Dorst Hydraulic Powder Compacting Press TPA 250 HPC in April 2021. The press was installed in the Chinese facility of MPP. The new machine allows MPP to serve several critical markets, like the power steering market. The Dorst 250-ton CNC press can utilize multiple levels of tooling, which further allows the production of highly complex parts.
  • In October 2019, Quintus Technologies partnered with Alfa Romeo Racing. The Alfa Romeo racing company has chosen Quintus Technology’s Hot Isostatic Pressing (HIP) for the partnership, as it delivers competitive edge technology. Furthermore, the partnership has resulted in an initial investment in a QIH21 M URQ®, which can provide higher productivity and decreased cycle time.

Hot Isostatic Press (HIP) to hold a significant market share

By type, the hot isostatic press is expected to hold a significant market share attributable to the fact that this machine is commonly used for many manufacturing processes in different industries. It effectively joins parts and enhances the mechanical properties, making the component manufactured more durable.

Medium-sized Isostatic press demand to remain robust

By size, the demand for the medium-sized isostatic press is expected to remain robust owing to the fact that most of the manufacturing of components is done for smaller or medium-sized components, to improve their strength and properties so they are subjected to less wear and tear.

Manufacturing, aerospace, and defense remain the key industry verticals

By end-user, manufacturing is expected to hold a major market share attributable to the growing demand for additive manufacturing in many end-user industries and for the production of a wide range of components. The aerospace and defense sector is also expected to hold a considerable market share owing to the increasing number of advanced aerospace projects and the burgeoning requirement for top-quality aircraft parts.

Solutions to hold a significant share

By offering solutions, they are expected to hold a significant amount of market share owing to the fact that most of the major manufacturing and automotive industries already have these machines fitted to reap their full capabilities of them and carry out top-quality post-processing of components and materials to enhance their properties.

Asia-Pacific and North America are key regional markets globally.

By geography, the Asia-Pacific region is expected to hold a significant market share, is driven by the increasing production of automobiles and automotive components in major economies of the Asia-Pacific region like India and China. The increasing domestic and international production of components in the aerospace industry in North America and Europe is further augmenting the demand for isostatic press solutions.

COVID-19 Impact on Isostatic Press Market

During the pandemic, the industries, and manufacturing sectors were temporarily shut down due to the government-imposed lockdown. Manufacturing, aerospace, food, and chemical industries were also under complete shutdown in 2020 resulting in decreased demand for the isostatic press in the market. Although, post-COVID, the isostatic market is witnessing an upward trend owing to the growing demand for high-density and low-porosity materials in end-user markets. Also, the market is driven by the demand for powder metallurgy processes which are highly used in spark plug insulators and precision machinery. Hence, after COVID-19 the market is expected to grow due to the rising demand for isostatic press machinery.

Isostatic Press Market Scope:

Report Metric Details
 Market Size Value in 2020  US$6.731 billion
 Growth Rate  CAGR during the forecast period
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Type, Size, End-User Industry, Offering, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Kobe Steel, Ltd., Bodycote, Nikkiso Co., Ltd, American Isostatic Presses (AIP), Inc., EPSI, Pressure Technology, Inc., Shanxi Golden Kaiyuan Co., Ltd., Fluitron, Inc., DORST Technologies GmbH & Co. KG, Quintus Technologies AB
 Customization Scope  Free report customization with purchase

 

Segmentation

  • By Type
    • Cold Isostatic Press (CIP)
    • Hot Isostatic Press (HIP)
  • By Size
    • Small Sized
    • Medium Sized
    • Large Sized
  • By End-User Industry
    • Manufacturing
    • Automotive
    • Aerospace & Defense
    • Electrical and Electronics
    • Metallurgy
    • Energy and Power
    • Healthcare
    • Others
  • By Offering
    • Services
    • Solutions
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global isostatic press market?
A1. The isostatic press market was valued at US$6.731 billion in 2020.


Q2. Who are the major players in the isostatic press market?
A2. Some of the players mentioned as a part of the isostatic press market report are Kobe Steel, Ltd., Bodycote, Nikkiso Co., Ltd, American Isostatic Presses (AIP), Inc., and EPSI. 


Q3. How is the global isostatic press market segmented?
A3. The isostatic press market has been segmented based on type, size, end-user industry, offering, and geography. 


Q4. What factors are anticipated to drive the isostatic press market growth?
A4. Growing investments and product launches by major companies are driving the isostatic press market growth.


Q5. Which region holds the largest market share in the isostatic press market?
A5. The Asia-Pacific region is expected to hold a significant share in the isostatic press market, driven by the increasing production of automobiles and automotive components in major economies of the region.

1. Introduction
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Isostatic Press Market Forecast by Type 
5.1. Introduction
5.2. Cold Isostatic Press (CIP)
5.3. Hot Isostatic Press (HIP)

6. Isostatic Press Market Forecast by Size 
6.1. Introduction
6.2. Small Sized
6.3. Medium Sized
6.4. Large Sized

7. Isostatic Press Market Forecast by End-User Industry 
7.1. Introduction
7.2. Manufacturing
7.3. Automotive
7.4. Aerospace & Defense
7.5. Electrical and Electronics 
7.6. Metallurgy
7.7. Energy and Power
7.8. Healthcare
7.9. Others

8. Isostatic Press Market Forecast by Offering 
8.1. Introduction
8.2. Services 
8.3. Solutions

9. Isostatic Press Market Forecast by Geography 
9.1. Introduction
9.2. North America
9.2.1. USA
9.2.2. Canada
9.2.3. Mexico
9.3. South America
9.3.1. Brazil
9.3.2. Argentina
9.3.3. Others
9.4. Europe
9.4.1. United Kingdom 
9.4.2. Germany
9.4.3. France
9.4.4. Spain
9.4.5. Others
9.5. The Middle East and Africa
9.5.1. Saudi Arabia
9.5.2. Israel
9.5.3. UAE
9.5.4. Others
9.6. Asia Pacific
9.6.1. China
9.6.2. Japan
9.6.3. India
9.6.4. South Korea
9.6.5. Indonesia
9.6.6. Taiwan
9.6.7. Others

10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix

11. Company Profiles
11.1. Kobe Steel, Ltd.
11.2. Bodycote
11.3. Nikkiso Co., Ltd
11.4. American Isostatic Presses (AIP), Inc.
11.5. EPSI
11.6. Pressure Technology, Inc.
11.7. Shanxi Golden Kaiyuan Co., Ltd.
11.8. Fluitron, Inc.
11.9. DORST Technologies GmbH & Co. KG
11.10. Quintus Technologies AB
 

Kobe Steel, Ltd.

Bodycote

Nikkiso Co., Ltd

American Isostatic Presses (AIP), Inc.

EPSI

Pressure Technology, Inc.

Shanxi Golden Kaiyuan Co., Ltd.

Fluitron, Inc.

DORST Technologies GmbH & Co. KG

Quintus Technologies AB

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