Isostatic pressing is a type of powder metallurgy (PM) forming process that puts equal pressure in all the possible directions on a powder. The pressure makes the powder highly compact and achieves maximum amount of density and uniformity without compromising the microstructure. The pressing is performed without the geometrical restrictions of the uniaxial pressing.

There are two types of isostatic pressing. First one is the cold isostatic pressing and the second one is the hot isostatic pressing. The cold isostatic pressing is used for compressing the green parts at a surrounding temperature whereas the hot isostatic pressing is used to completely consolidate parts at raised or higher temperatures through solid-state diffusion.

Some of the key insights about the global isostatic pressing market are given below:

  • The global isostatic pressing market is divided into five key regions to give better understanding about its overall working dynamics. These regions are North America, Latin America, Middle East and Africa, Europe, and Asia Pacific. Of these regional segments, currently, the global isostatic pressing market is led by the North America region and is expected to continue to lead the market over the course of the given forecast period.
  • The growth of the North America regional segment is primarily attributed to the growing demand for hot isostatic pressing products across several industries such as automotive, defense and military, aerospace, and manufacturing among others. Moreover, the presence of several leading manufacturers such as Synertech PM, Kittyhawk Products, American Isostatic Presses, and Quad City Manufacturing Laboratory among others are also helping to develop the isostatic pressing market in North America.
  • The growth of the global isostatic pressing market is primarily driven by the increasing demand for low porosity and high density materials that are important for the production of 3D printed parts. In addition to this, the growing trend of producing products at a low cost that have a shorter life cycles are also helping to drive the growth of the global isostatic pressing market.

Isostatic Pressing Market - Introduction

Isostatic pressing is a process for forming powder metallurgy (PM). This process applies uniform pressure across all directions on a powder compact to achieve maximum uniformity of density and microstructure. Isostatic pressing is of two types, namely, hot or cold. Both of these manufacturing processes are used to improve the porosity of metals. Hot isostatic pressing (HIP) is used to fully merge parts at high temperatures by solid-state diffusion, while cold isostatic pressing (CIP) is used to compress green parts at ambient temperatures. Isostatic pressing method is widely used in different industries engaged in improving properties of applicable materials.

Isostatic Pressing Market – Competitive Landscape

market share isostatic pressing market

Fluitron, Inc.

Founded in 1977, Fluitron, Inc. is headquartered in Ivyland, Pennsylvania, the U.S. The American technology company is involved in the designing and manufacturing of high pressure equipment and engineered products for use in chemical and other related industries. It has its operational units in Korea, South Africa, China, Japan, Taiwan, U.K., the Netherlands, Venezuela, and Canada.

Kobe Steel, Ltd.

Incorporated in 1905, Kobe Steel, Ltd. is based in Kobe, Japan. The company engages in the manufacture and sale of steel and iron. Kobe Steel, Ltd. operates through the following business segments: welding, aluminum and copper, iron and steel, construction machinery, machinery, power, engineering, and other businesses. Its product offering includes iron and steel, and aluminum and copper products such as steel casting and forgings, titanium, copper sheet, and strip and aluminum alloys. The company also offers metal recycling machinery, construction recycling machinery, resource recycling machinery, construction equipment, and forestry machinery.

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Bodycote PLC

Established in 1923, Bodycote PLC is based in Macclesfield, the U.K. It engages in the provision of thermal processing services which comprises core technologies including hot isostatic pressing, metal joining, heat treatments, and surface technology. It operates through the Aerospace, Defense, and Energy; and Automotive and General Industrial segments.

Kennametal, Inc.

Founded in 1938, Kennametal, Inc. is based in Pittsburgh, Pennsylvania, the U.S. The company engages in the production of tungsten carbide metal cutting tooling. Kennametal, Inc. operates through the following business segments: infrastructure, widia, and industrial. It offers metal working and cutting tools, engineered components, mining, construction, and power material equipment. The company serves machinery operators, metalworking suppliers, manufacturers of transportation vehicles and systems; light machinery and heavy machinery industries; and airframe and aerospace components and systems.

Nikkiso Co., Ltd.

Incorporated in 1950, Nikkiso Co., Ltd. is located in Tokyo, Japan. It engages in the manufacture, sale, and maintenance of industrial and medical equipment. Its operations are carried out through the industrial and medical segments. The company also offers precision equipment including particle characterization instruments and multi-layer ceramic electronic component production equipment and systems; and carbon fiber reinforced plastic (CFRP) products such as aircraft components and carbon nanotube.

Some of the other significant players in the isostatic pressing market are Arconic (U.S.), American Isostatic Presses (API) (U.S.), Pressure Technology (U.S.), Engineered Pressure Systems (EPSI) (Belgium), and Shanxi Golden Kaiyuan (SXKYYC) (China) among others.

Isostatic Pressing Market - Dynamics

Application of Isostatic Pressing to Remain High in Aerospace and Defense Industries

Growth of aerospace and defense industries is positively impacting the adoption of advanced isostatic pressing method. Hot isostatic pressing (HIP) technology is used in developing stainless steel and nickel base superalloy which are used in the aerospace and defense industry for missile and space vehicle applications. HIP technology is also used to manufacture commercial aircraft. Aircraft parts and engines need to be high in density and low in weight to ensure great operational performance. HIP is deployed during the processing of these parts to develop a larger and more diverse set of aircraft and engine parts. Thus, HIP technology is expected to witness increasing application in aerospace and defense industry to enhance the material capabilities and process efficiency in the near future. 

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

Isostatic pressing technology involves high initial investment, and maintenance and operational cost. Also this technology comes with added cost such as consumption of electricity, gas, wear parts, and labor hours needed per cycle. Regular maintenance of equipment is also an element in the cost per cycle. The cost of the isostatic pressing cycle varies depending on the type of components to be processed, on the specific quantity of parts to be processed, and how the process is being done - either through a HIP service provider or through in-house operation. Hence, high initial set-up cost and operational cost associated with isostatic pressing is expected to hamper the growth of the market in the coming years.

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Isostatic Pressing Market – Segmentation

The isostatic pressing market can be segmented based on:

  • Offering
  • Type
  • Application
  • Region

Isostatic Pressing Market Segmentation – By Offering

Based on offering, the isostatic pressing market can be fragmented into:

  • Systems
  • Services

Isostatic Pressing Market Segmentation – By Type

In terms of type, the isostatic pressing market can be bifurcated into:

  • Hot Isostatic Pressing
    • Small-Sized Hot Isostatic Pressing
    • Medium-Sized Hot Isostatic Pressing
    • Large-Sized Hot Isostatic Pressing
  • Cold Isostatic Pressing
    • Dry Bag Pressing
    • Wet Bag Pressing      

Isostatic Pressing Market Segmentation – By Application

Based on application, the isostatic pressing market can be segmented into:

  • Aerospace & Defense
  • Automotive
  • Pharmaceutical
  • Precision Machine Manufacturing
  • Energy & Power
  • Construction
  • Semiconductors & Electronics
  • Transportation & Logistics

The report on the isostatic pressing market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The isostatic pressing market report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on isostatic pressing market segments and geographies.

Regional analysis of the isostatic pressing market includes:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Isostatic Pressing Market

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