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

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 are 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, the 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:

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

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