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PUBLISHER: Grand View Research | PRODUCT CODE: 1842385
PUBLISHER: Grand View Research | PRODUCT CODE: 1842385
Hot Isostatic Pressing Market Size, Share & Trends Analysis Report By Material (Metal & Alloys, Others), By Application (Medical, Automotive, Oil & Gas, Others), By Region, And Segment Forecasts, 2025 - 2033
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Hot Isostatic Pressing Market Summary
The global hot isostatic pressing market size was estimated at USD 820.5 million in 2024 and is projected to reach USD 1,579.4 million by 2033, at a CAGR of 7.9% from 2025 to 2033. The market valuation and growth projections also consider the consumption of metal powders used in hot isostatic pressing (HIP) processes, as they form a critical input for achieving desired material density, structural integrity, and performance characteristics in end-use applications.
The market is experiencing significant growth due to multiple factors across different industries. One of the main drivers is the rising demand for high-performance materials in sectors such as aerospace, automotive, medical devices, and defense. HIP improves material properties by eliminating porosity, enhancing density, and ensuring uniformity, essential for components exposed to high stress and strict safety requirements. In the aerospace sector, the need for lightweight yet durable components has fueled the adoption of HIP. Materials such as titanium alloys and nickel-based superalloys, used in jet engines and structural parts, benefit from HIP's ability to improve mechanical properties and fatigue resistance. This aligns with the industry's focus on performance optimization and adherence to safety standards.
The combination of HIP with additive manufacturing (AM) has emerged as a key growth driver. Additive manufacturing allows the creation of complex geometries, and when paired with HIP, it significantly enhances the mechanical properties of the final product. This integration streamlines production, reduces material waste, and improves manufacturing efficiency, making it increasingly attractive across industries.
Technological innovations in HIP equipment and processes have also boosted market growth. Advances in system design, automation, and process control have increased operational efficiency and scalability. These improvements enable manufacturers to meet growing demand for high-quality components while optimizing production costs and timelines.
The medical device industry is further contributing to the HIP market expansion. Medical components require exceptional strength, biocompatibility, and reliability. HIP's capability to produce dense, defect-free materials makes it ideal for implants and surgical instruments. The HIP market is driven by demand for advanced materials, integration with additive manufacturing, technological improvements, and expanding medical applications.
Global Hot Isostatic Pressing Market Report Segmentation
This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global hot isostatic pressing market report based on application, material, and region:
- Material Outlook (Revenue, USD Million, 2021 - 2033)
- Metal & Alloys
- Others
- Application Outlook (Revenue, USD Million, 2021 - 2033)
- Aerospace & Defense
- Medical
- Automotive
- Oil & Gas
- Others
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
Product Code: GVR-4-68040-754-3
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.6. Industry Trends
- 3.6.1. ESG Analysis
- 3.6.2. Economic Trends
- 3.7. Porter's Five Forces Analysis
- 3.7.1. Bargaining Power of Suppliers
- 3.7.2. Bargaining Power of Buyers
- 3.7.3. Threat of Substitution
- 3.7.4. Threat of New Entrants
- 3.7.5. Competitive Rivalry
- 3.8. PESTLE Analysis
- 3.8.1. Political
- 3.8.2. Economic
- 3.8.3. Social Landscape
- 3.8.4. Technology
- 3.8.5. Environmental
- 3.8.6. Legal
Chapter 4. Hot Isostatic Pressing Market: Material Estimates & Trend Analysis
- 4.1. Hot Isostatic Pressing Market: Material Movement Analysis, 2024 & 2033
- 4.2. Metal & Alloys
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.3. Others
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
Chapter 5. Hot Isostatic Pressing Market: Application Estimates & Trend Analysis
- 5.1. Hot Isostatic Pressing Market: Application Movement Analysis, 2024 & 2033
- 5.2. Aerospace & Defense
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 5.3. Medical
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 5.4. Automotive
- 5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 5.5. Oil & Gas
- 5.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 5.6. Others
- 5.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
Chapter 6. Hot Isostatic Pressing Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2024 & 2033
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.2.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.2.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.2.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.2.4.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.2.5.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.2.5.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.2.6.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.2.6.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.3.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.3.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.3.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.3.4.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.3.5. UK
- 6.3.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.3.5.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.3.5.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.3.6.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.3.6.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.4.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.4.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.4.4.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.4.5.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.4.5.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.4.6.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.4.6.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.5. Latin America
- 6.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.5.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.5.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.5.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.5.4.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.6.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- 6.6.3. Market estimates and forecasts, by material, 2021 - 2033 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of distributors
- 7.5. List of prospective end-users
- 7.6. Strategy Initiatives
- 7.7. Company Profiles/Listing
- 7.7.1. American Isostatic Presses Inc.
- 7.7.1.1. Company Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.2. Bodycote
- 7.7.2.1. Company Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.3. DORST Technologies GmbH
- 7.7.3.1. Company Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.4. EPSI
- 7.7.4.1. Company Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.5. FREY & Co. GmbH
- 7.7.5.1. Company Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.6. Hiperbaric
- 7.7.6.1. Company Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.7. Hoganas AB
- 7.7.7.1. Company Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.8. Kobe Steel Ltd.
- 7.7.8.1. Company Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.9. MTI Corporation
- 7.7.9.1. Company Overview
- 7.7.9.2. Financial Performance
- 7.7.9.3. Product Benchmarking
- 7.7.10. Nikkiso Co. Ltd.
- 7.7.10.1. Company Overview
- 7.7.10.2. Financial Performance
- 7.7.10.3. Product Benchmarking
- 7.7.11. Pressure Technology Inc.
- 7.7.11.1. Company Overview
- 7.7.11.2. Financial Performance
- 7.7.11.3. Product Benchmarking
- 7.7.1. American Isostatic Presses Inc.
Product Code: GVR-4-68040-754-3
List of Tables
- Table 1 Hot isostatic pressing market estimates and forecasts, in metal & alloys, 2021 - 2033 (USD Million)
- Table 2 Hot isostatic pressing market estimates and forecasts, in others, 2021 - 2033 (USD Million)
- Table 3 Hot isostatic pressing market estimates and forecasts, in aerospace & defense, 2021 - 2033 (USD Million)
- Table 4 Hot isostatic pressing market estimates and forecasts, in medical, 2021 - 2033 (USD Million)
- Table 5 Hot isostatic pressing market estimates and forecasts, in automotive, 2021 - 2033 (USD Million)
- Table 6 Hot isostatic pressing market estimates and forecasts, in oil & gas, 2021 - 2033 (USD Million)
- Table 7 Hot isostatic pressing market estimates and forecasts, in others, 2021 - 2033 (USD Million)
- Table 8 North America hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 9 North America hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 10 North America hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 11 U.S. hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 12 U.S. hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 13 U.S. hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 14 Canada hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 15 Canada hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 16 Canada hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 17 Mexico hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 18 Mexico hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 19 Mexico hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 20 Europe hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 21 Europe hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 22 Europe hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 23 Germany hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 24 Germany hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 25 Germany hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 26 France hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 27 France hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 28 France hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 29 UK hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 30 UK hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 31 UK hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 32 Asia Pacific hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 33 Asia Pacific hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 34 Asia Pacific hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 35 China hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 36 China hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 37 China hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 38 India hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 39 India hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 40 India hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 41 Japan hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 42 Japan hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 43 Japan hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 44 Latin America hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 45 Latin America hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 46 Latin America hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 47 Brazil hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 48 Brazil hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 49 Brazil hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
- Table 50 Middle East & Africa hot isostatic pressing market estimates & forecasts, 2021 - 2033 (USD Million)
- Table 51 Middle East & Africa hot isostatic pressing market estimates & forecasts, by application, 2021 - 2033 (USD Million)
- Table 52 Middle East & Africa hot isostatic pressing market estimates & forecasts, by material, 2021 - 2033 (USD Million)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Market snapshot
- Fig. 6 Segmental outlook
- Fig. 7 Competitive outlook
- Fig. 8 Hot isostatic pressing market outlook, 2021 - 2033 (USD Million)
- Fig. 9 Value chain analysis
- Fig. 10 Market dynamics
- Fig. 11 Porter's analysis
- Fig. 12 PESTEL analysis
- Fig. 13 Hot isostatic pressing market, by material: Key takeaways
- Fig. 14 Hot isostatic pressing market, by material: Market share, 2024 & 2033
- Fig. 15 Hot isostatic pressing market, by application: Key takeaways
- Fig. 16 Hot isostatic pressing market, by application: Market share, 2024 & 2033
- Fig. 17 Hot isostatic pressing market: Regional analysis, 2024
- Fig. 18 Hot isostatic pressing market, by region: Key takeaways
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