PUBLISHER: IMARC | PRODUCT CODE: 1722915
PUBLISHER: IMARC | PRODUCT CODE: 1722915
The global isostatic pressing market size was valued at USD 7.13 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 10.47 Billion by 2033, exhibiting a CAGR of 4.14% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 36.0% in 2024. Significant market share of over 40.2% in 2024. The ongoing advancements in manufacturing technologies, increasing demand for high-performance materials, widespread product adoption in aerospace and automotive industries, and rising investments in research and development (R&D) are some of the major factors impelling the market growth.
Isostatic pressing (IP) refers to the process of forming powder metallurgy (PM) used for improving the porosity of metals. It includes hot and cold isostatic pressing (H/CIP) that involve the uniform application of pressurized water, oil or gas on powder compact to achieve consistent density and microstructure without geometrical limitations. Hot IP is used for merging titanium alloys and superalloys under high temperatures by solid-state diffusion. On the other hand, cold IP is used for compressing large-sized and complex components at ambient temperatures. These processes can also be used on ceramic balls, fuse and lighting tubes and spark plug insulators. As a result, IP processes find extensive applications across various industries, including automotive, aerospace, medical, energy and electronics.
Significant growth in the aviation industry across the globe is one of the key factors creating a positive outlook for the market. IP is widely used for the manufacturing of defect-free components for tanks, artillery, military and private aircraft and spacecraft. HIP processes are also utilized for pressure-assisted brazing and fabrication of metal matrix composites. Moreover, the widespread adoption of additive manufacturing (AM) for combining ceramics and plastics is providing a thrust to the market growth. Additionally, the utilization of three-dimensional (3D) computer-aided design (CAD) modeling solutions is acting as another growth-inducing factor. CAD is widely used with metal injection molding (MIM), HIP and CIP processes for reducing porosity levels in 3D printing and enhancing flexibility and customizability. Other factors, including rapid industrialization, along with extensive research and development (R&D) activities in the field of precision manufacturing, are anticipated to drive the market toward growth.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bodycote, Dorst Technologies GmbH & Co. KG, EPSI, Fluitron Inc., FREY & Co. GmbH, Hiperbaric, Hoganas AB, Isostatic Pressing Services, Kobe Steel Ltd., MTI Corporation, Nikkiso Co. Ltd. and Pressure Technology Inc.